In this weekly recap, we cover:

  • Wormhole’s Billion-Dollar Airdrop: The cross-chain protocol distributes 1.1 billion W tokens.
  • Ethereum Community Split: A controversial proposal to adjust Ethereum’s monetary policy leads to heated debates over staking’s future.
  • Binance Defends Detained Compliance Chief: Amidst financial crime accusations in Nigeria, Binance insists Tigran Gambaryan should not be held accountable due to his role.
  • Ripple’s USD Stablecoin Venture: Eyeing competition with USDT and USDC, Ripple announces a forthcoming USD-pegged stablecoin.
  • Lido’s Staking Protocol Glitch: $24 million in SOL is locked due to a smart contract issue, challenging the withdrawal process for users.
  • Bullish Signals from Venture Capitals: Paradigm and Galaxy Digital’s new crypto funds suggest a growing optimism in the crypto market.
  • Jupiter Token Hits All-Time High: Amid governance vote controversy, JUP reaches a new peak.
  • DOJ’s Cryptic Bitcoin Transaction: A $2 billion wallet associated with the DOJ makes a significant move to Coinbase Prime, hinting at potential liquidations.
  • Bitcoin Miners’ Record Revenue: Just before the halving, miners hit a historic revenue milestone.
  • FTX’s Repayment Strategy: The embattled exchange outlines a plan to begin creditor repayments.