Summary: Deposits into liquid staking protocols like Lido Finance grew to over $14 billion on Monday, as Ethereum’s upgrade for staked withdrawals draws nearer. Liquid staking now boasts crypto’s second-largest industry, topping lending markets in terms of total value locked. The hype around Ethereum’s Shanghai update and staked Ether withdrawals...
Summary: Voyager Digital is set to keep over $445 million in dispute loans until a bankruptcy court issues a settlement. The interim agreement was reached after FTX lawyers launched a lawsuit against the crypto lender on behalf of sister firm Alameda Research. Alamada/FTX attorneys hoped to claw back millions in...
Summary: Gary Gensler’s SEC argued against the deal with allegations of unregistered securities over the VGX token and the proposed plan to repay Voyager’s stranded customers. New York’s Department of Financial Services also scrutinized the deal and accused the bankruptcy crypto lender of operating illegally within the state. Reports said...
Summary: The partnership will allow the Tezos Foundation to drive web3 innovation on the Tezos blockchain. Clients of Google’s Cloud service will receive access to tools for building blockchain applications on Tezos using the firm’s scaling technology. The search engine heavyweight also previously teamed up with Ethereum, Dapper’s Labs Flow...
Summary: Ethereum scaling entity Polygon Labs reduced its workforce by 20% or almost 100 jobs, the protocol shared via an announcement on Tuesday. Polygon said the job cut was part of a business consolidation process from earlier in 2023. The scaling platform is the latest crypto entity to lay off...
Summary: Huobi Global applied for a crypto license in Hong Kong amid a regulatory shift from the region’s watchdog. Justin Sun’s company will also open a local affiliated names Huobi Hong Kong, the crypto billionaire announced via Twitter The announcement coincided with a regulatory turnaround from Hong Kong’s securities watchdog...
Summary: Binance Holding Ltd is reassessing its position in the U.S. and could cut ties with its partner firms in the jurisdiction amid mounting regulatory pressure, Bloomberg reported. The news comes a few days after Paxos, the issuer of BUSD, was served a Wells notice and ordered to stop minting...
Summary: The Official Committee of Unsecured Creditors for Celsius hopes to recover millions from Alex Mashinsky, former CEO of the bankrupt crypto lender. Creditors also filed a motion to recover funds from co-founders Shlomi Daniel Leon, Hanoch “Nuke” Goldstein, and other former high-ranking executives at the troubled lender. The move...
