In this weekly recap, we cover:
- Aave vs. Polygon: Aave considers leaving Polygon after a controversial Morpho proposal is rejected by the community.
- CoinDesk Controversy: Bullish ownership sparks tension over a Justin Sun article, prompting editorial chair Matt Murray’s resignation.
- Coinbase’s Legal Win: A court backs Coinbase’s delisting of wBTC despite a $1 billion lawsuit from BiT Global.
- Crenshaw Out at SEC: Senate cancels Caroline Crenshaw’s reconfirmation, clearing the way for Trump’s SEC appointments.
- FTX Distributions: Creditors to begin receiving up to $16.5 billion in January via Kraken and BitGo.
- Ethena’s USDtb Launch: A new stablecoin backed by BlackRock debuts alongside a partnership with World Liberty Financial.
- PENGU Airdrop Impact: Pudgy Penguins NFTs drop 50% as the PENGU token gains $2.6 billion in valuation.
- MicroStrategy’s Nasdaq 100 Entry: The Bitcoin proxy joins the index, signaling institutional crypto interest.
- Blockchain Projects: Sonic Labs, Kraken, and Deutsche Bank launch new blockchain initiatives focused on innovation and compliance.
