Regulation
Moreno unseated Democrat Sherrod Brown, who drew the crypto industry’s ire for focusing on crime and scams, as Ohio Senator.
Bitcoin
The first cryptocurrency is roughly 10% away from its all-time high of roughly $108,000 set on Tuesday.
The 12 spot BTC ETFs trading in the U.S. have had 15 consecutive days of positive flows, while the figure for the nine spot ETH ETFs currently stands at 18 days.
Tech
The newly rolled-out blockchain has a fee monetization feature that rewards developers up to 90% of network fees generated from their application.
DeFi
Polygon’s governance proposal on bridged asset yield is unlikely to move forward due to community backlash, while Polygon criticized Aave’s leadership for monopolistic behavior and undermining innovation.
The decentralized finance protocol has experienced just 11 profitable months since its launch in December 2020, with six of those coming within the last year.
Markets
PENGU, the new token for Pudgy Penguins that rolled out on Solana, has a fully diluted valuation of $2.6 billion, making it the sixth largest memecoin.
The dominant lending protocol’s governance proposal is in response to a Polygon pre-proposal to use Morpho to generate a $70 million/year yield on its $1.3 billion in bridged stablecoins.
Business
CoinFund’s overall staff increased by 28% in the past year after seeing successes in Matter Labs and Ondo Finance.
Warren has newfound power over the SEC nomination process. Crypto helped her get there.
