Sky proposes dropping Wrapped Bitcoin over claimed Justin Sun ties
The team behind Sky, formerly Maker, wants to drop WBTC due to what it claimed were recent changes in ownership and control “likely involving Justin Sun or affiliates.” Go to Source
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Trump to launch World Liberty Financial crypto platform on Monday
Donald Trump said in a video posted to X that his World Liberty Financial crypto project would launch Sept. 16. Go to Source
India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography … Read more
Movement Labs targets 1-second L2 finality by end of 2024: Co-founder
Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said. Go to Source
Chainlink dominance challenged by Pyth’s 46X growth in 2024
While Chainlink retains a strong lead, Pyth’s rapid rise in Total Value Secured hints at shifting dynamics in the Oracle market. Go to Source
Prediction market interest fuels launch of PancakeSwap Telegram bot
Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election. Go to Source
US lawmakers divided in first Congressional hearing on DeFi
Pro-crypto Representatives noted the need for a freer financial system, while more skeptical lawmakers blamed DeFi for crime, scams and tax evasion. Go to Source
Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer … Read more
EigenLayer AVS ARPA to launch native restaking rewards soon
It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks. Go to Source
Polygon and Fabric team up to fast-track ZK-proof adoption on AggLayer
The integration of Fabric Cryptography’s Verifiable Processing Units promises faster, more secure transactions on Polygon’s AggLayer. Go to Source
