DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper

Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion’s share of protocol revenues back to liquidity providers.Source

‘Liquid Vesting’ Is Oxymoronic Blockchain Feature That Lets Early Investors Sell Without Waiting

A new feature from Colony Lab, a developer and project incubator in the Avalanche blockchain ecosystem, called “liquid vesting,” lets users sell their tokens before their vesting period is over.Source

Paradigm Unveils ‘Block Trading’ Facility for MATIC, SOL, XRP Options

Crypto OTC liquidity network Paradigm on Monday announced a block trading facility for linear options tied to MATIC, SOL and XRP. Trades facilitated by Paradigm will be submitted to Deribit for execution and clearing.Source

Coinbase Reports System-Wide Outage

The crypto exchange’s website is currently unavailable and responds with a 503 error.Source

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in an interview.Source

U.S. Blocks China-Tied Crypto Miners as ‘National Security Risk’ Near Nuke Base

President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.Source

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

FalconX will pay $1.8 million to settle newly-announced charges from the Commodity Futures Trading Commission (CFTC) that the crypto trading firm violated commodities laws by failing to register as a futures commission merchant (FCM), according to a Monday announcement from the regulator.Source

Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors

Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.Source

Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week

The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.Source

U.S. Senators Question Justice Department’s Pursuit of Crypto Mixers

A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the “unprecedented interpretation” of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses.Source