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Sony is set to relaunch the Japanese cryptocurrency exchange Whalefin, which it acquired from Amber Group in 2023, marking its entry into the crypto market. Sony has begun engaging Web3, investing and incubating products with Astar Network mainly related to NFTs across gaming platforms.
Circle has announced that its stablecoins, USDC and EURC, are now compliant with the new EU stablecoin regulations (MiCA), making it the first global stablecoin issuer to meet these standards. Effective immediately, Circle is issuing these stablecoins directly to European customers from its French headquarters, making USDC the leading regulated digital dollar in the EU market and enabling high growth for Euro digital currencies.
Aphelion Trading is a Solana-native market-making firm dedicated to advancing decentralized trading and DeFi. Known for maintaining liquidity and contributing to the design of major DEXs, Aphelion is now expanding its services to offer institutional-grade liquidity and advisory support to all DEXs and token projects on Solana.
The 2077 Collective is a new initiative to coordinate marketing and promotional strategy for Ethereum, as the current focus has primarily been research and development. It released its main website, an EIP Wiki, an Ethereum encyclopedia, and a for-profit research arm upon launch.
This article explains innovations in recent lending protocols, discussing the differences between Collateralized Debt Position (CDP) protocols and Money Markets. It also examines novel concepts like DYAD's over-collateralization with its KEROSENE token, Liquity v2's user-determined interest rates, and Tapioca's blending of CDP and Money Market models.
Around $695 million of tokens held by insiders, VCs, and other investors will be unlocked this month. AltLayer, XAI, and Aptos have unlocks above $80 million, while other projects like Arbitrum, Starknet, and Optimism have $10+ million unlocks. Worldcoin's 16-year vesting schedule begins this month.
Polkadot's Treasury, with a current burn rate of $87 million USD every six months, is projected to last about two more years. This situation has prompted debates about adopting stricter budgeting measures or altering the system's inflation parameters to extend the runway.
Ethereum has hurt itself by neglecting to improve L1 scalability in favor of promoting L2s and data availability. Successful L2s would be better off building on a scalable L1, and the most secure chains will capture the most revenue and be the most scalable. On-chain Ethereum governance would remove power from the hands of developers and researchers.
This value is driven by priority fees on non-vote transactions and Jito tips.
There are expected to be hundreds to thousands of L2s as bridges and wallets continue to simplify users' experiences.
An agency within the Department of Justice has chosen Coinbase Prime to trade and custody digital assets.
Liquid staking on Solana is growing quickly, with the liquid staking ratio rising by 1.76% QoQ and the number of Liquid Staking Tokens (LSTs) doubling to 53.