Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse.Source
Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form
The popularity of new blockchain “restaking” protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.Source
Insider at Solana’s Cypher Protocol Admits to Stealing $300K
Core contributor Hoak blamed his actions on a “crippling gambling addiction.”Source
Vitalik Buterin’s Ethereum Wallet Proposal, Scribbled in 22 Minutes, Gets Positive Reviews
After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative.Source
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