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Howard Lutnick, CEO of Cantor Fitzgerald and chair of Donald Trump's presidential transition team, believes proper regulation would cause companies to go “head first into Bitcoin.” Currently, regulations require banks to set aside an equal amount of money for every dollar in Bitcoin. Cantor Fitzgerlad plans to open a Bitcoin financing business to provide lending and leverage to BTC holders.
Galois Capital, a prominent advisory firm and Crypto Twitter presence, was fined $225,000 by the SEC for failing to comply with requirements related to the safeguarding of client assets. Certain assets were not held with a qualified custodian. Over half of the fund's assets were lost in the FTX collapse in 2022.
Over 16,000 rugpulls have been launched in the past three months, with millions of dollars stolen weekly. To combat this, Pocket Universe has launched a Rugpull Detector to warn users if a token is likely linked to serial rugpullers. It has flagged about 60% of hard rugs and the company has plans for further improvements and broader coverage.
Euler v2 marks a significant milestone for the project, bringing major advancements to the DeFi space with a focus on modularity and security. The team invested heavily in security and transparency after overcoming the setbacks from last year's exploit. It aims to set new standards in onchain lending and borrowing.
As anticipation builds for Monad's mainnet launch, several standout projects are emerging within its DeFi ecosystem. These include TayaSwap, a DeFi hub offering customizable trading through concentrated and dynamic liquidity pools; Kintsu, a liquid staking protocol enhancing security and liquidity; Kuru, a DEX using a Central Limit Order Book for better pricing; and aPriori, a staking protocol utilizing MEV to boost rewards.
a16z crypto compiled all of its resources around tokens to help founders create an incentive-aligned and properly launched token. The compilation includes token do's and don'ts, a compensation primer, and how to avoid predatory VC deals. It also covers novel mechanisms for token value accrual and includes videos on launching compliant tokens.
This article explores the evolution of the Internet and proposes a new concept called the Glocal Web. It discusses the limitations of current cloud-based systems and contrasts two emerging approaches: strongly global Web3 and local-first internet. The Glocal Web combines both using Conflict-Free Replicated Data Types (CRDTs) as a core technology, promising to offer benefits like ownership, scalability, low latency, offline availability, and privacy.
August was one of the worst months for Ethereum mainnet fee generation since early 2020. Since blobs, L2s no longer pay meaningful ETH fees, though they continue to grow in value capture and transaction execution. However, it is generally good that fees are not prohibitively high, and its actual value could come from being the money of choice for L2s. With a current inflation rate of around 1%, it is no longer ultra-sound money but is still more sustainable than alt L1s.
Earlier today, a security breach targeted Penpie, causing a loss of funds, but quick action from Pendle's team successfully paused contracts, protecting $105M from further attacks.
UniSwap was fined $175K by CFTC for providing access to illegal crypto derivatives trading.
The claim that "everything beyond Bitcoin is worthless" overlooks the growing potential of other sectors in crypto, which are on the verge of significant breakthroughs.
Jason Derulo's silence on his JASON token since July, along with his brief promotion and deletion of a Tron meme coin, has frustrated the community.