Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
“A lot of things can go wrong,” in Ethena’s yield-generation strategy, said Folkvang CEO Mike van Rossum.Source
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Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl
The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who’ve pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported.Source
Ondo Spikes 8% as Ondo Finance Tests Instant Conversion From BlackRock’s Tokenized Fund to USDC
Stablecoin issuer Circle introduced a new smart contract function earlier Thursday to allow near-instant, around-the-clock redemptions from BlackRock’s BUIDL fund for USDC stablecoins.Source
Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
Jirayut Srupsrisopa said earlier this month that an IPO was planned for next year.Source
Aptos Falls 16% Over Past Week, Lagging Ahead of $300M Token Unlocking Event
Nearly 25 million of locked-up APT tokens will be released Friday including to early investors, TokenUnlocks data shows.Source
Willem Schroé: Building Botanix, a Bitcoin Layer 2 That Brings the EVM to Bitcoin
A Belgian polymath and his team are building a “spiderchain” network that harnesses both bitcoin’s sound money properties and Ethereum’s technological capabilities.Source
Avi Eisenberg May Testify in $110M Crypto Fraud Trial, Defense Says
The crypto trader is facing up to 20 years in jail if convicted on all counts.Source
The SEC’s Suit Against Uniswap Is an Opening Attack Against DeFi
The DEX received a Wells Notice from the regulator, suggesting an enforcement action is imminent. While we don’t know the nature of the potential charges, the news raises the threat of legal jeopardy for decentralized finance.Source
Craig Wright Drops Appeal Against Hodlonaut in Norway
Wright’s decision to drop his appeal comes a month after a U.K. court ruled that he was not Satoshi Nakamoto.Source
FTX Founder Sam Bankman-Fried Appeals Fraud Conviction
FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so.Source