Ad Ethereum (ETH) co-founder Vitalik Buterin dumped several unsolicited altcoins (sh*tcoins) during the early hours of March 7, leading to the value of these assets falling. On-chain analyst Lookonchain reported that Buterin sold 50 billion MOPS, 500 trillion SHIK, and 10 billion CULT tokens for 439.25 ETH. Blockchain security firm PeckShield corroborated this report and…
Three Arrows Capital Venture Capital Company in Asia Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, collapsed due to poor risk management, recklessness in dealing with business partners and a significant portion of greed. More about Three Arrows Capital Info LinkedIn
Ad The on-chain DAO platform Tally pitched the new governance proposal on Feb. 15 to the MakerDAO community. The proposed Tally governance structure would allow for: Query of on-chain OpenZeppelin Governor DAO data. Trustless treasury management and protocol upgrades. Well-designed UI — maintenance-free, no code. List Governor contracts, on-chain proposals, & accounts with delegations. OpenZeppelin…
Ad BendDAO, the largest NFT lending platform by market cap, hit new all-time highs last month on the backs of 4,399 individual loans, many of them Azukis, Mutants and BAYC. (Source: Twitter) Twitter user @JKrantz speculated that the sudden all-time high might be because borrowers are getting paid a higher interest to take out loans…
During the recent All Core Developers Execution (ACDE) call on Feb.2, chaired by Tim Beiko of the Ethereum Foundation, contributors discussed the timeline for the public testnet launch of the Shaingahi upgrade, which will bring with it the ability to unstake ETH from the Beacon chain. Zhejiang Testnet Launch The first iteration of the Shanghai…
The proposal to deploy Uniswap V3 onto BNB Chain stalled this week as investment firm a16z voted against the integration due to a disagreement over the bridge provider. However, as of press time on Feb. 6, 70% of the vote is now in favor of the proposal. Source: tally.xyz a16z voted against the proposal to…
The Ethereum Name Service (ENS) DAO is considering a proposal to sell 10,000 ETH for USDC via a Gnosis Auction. The governance proposal submitted on Jan. 18 seeks to diversify the ENS DAO Treasury. Currently, the DAO holds about 40,746 ETH and $2.46 million USDC. However, due to the prolonged bear market, the DAO may…
Layer 1 blockchain Fantom has received governance approval to allocate up to 15% of its transaction fees as revenue for developers building on the network. Currently, about 70% of transaction fees generated on the Fantom network are paid as revenue to validators, while 20% of the fees are burnt forever. In efforts to incentivize developers,…
Alameda CEO Caroline Ellison takes plea deal, faces no criminal charges A recently unsealed plea agreement shows that Caroline Ellison, the CEO of Alameda Research, pleaded guilty to seven fraud charges. In return for cooperating with authorities, Ellison faces a $250,000 fine and forfeiture of any assets she obtained from FTX money. 8 hours ago…
Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 5 days ago