Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance’s special investment vehicle or vault has a cap of $100 million. The USD Coin treasury allocation from Dai’s developer will earn a 2% annual yield if approved by an executive...
Binance held customer funds and token collateral in the same cold wallet. The exchange claimed that the mixing was by mistake and is working on correcting it.
Summary: Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday. The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, after announcing plans to beef up anti-money laundering checks. Bitzlato is under investigation by the U.S....
Summary: Developers finalized the ‘Withdrawal-Mainnet-Shadow-Fork-1’ on Thursday. The move marks the first major test phase for Ethereum’s hyped Shanghai updated in March 2023. ETH Developer Marius Van Der Wijden noted configuration difficulties on Geth but said progress is underway. Ethereum developers announced a ‘shadow fork’ of the Shanghai update built...
Summary: Genesis filed for bankruptcy protection late on Thursday revealing $3.6 billion owed to the top 50 creditors. Top unsecured claimants included Gemini, Babel Finance, VanEck, and Cumberland among others. Gemini President Cameron Winklevoss once again threatened legal against Genesis’s parent company DCG and CEO Barry Silbert. The Winklevii Founded...
FTX CEO John Ray III has revealed that restarting the FTX exchange is on the table. Sam Bankman-Fried has welcomed the possibility of reviving the exchange.
Summary: The Raydium exploiter drained a total of $4.4 million in digital assets from the Solana DEX in December 2022 before moving the funds to Ethereum’s blockchain. A wallet controlled by the hack transferred $2.7 million of the stolen loot to sanctioned crypto mixer Tornado Cash on Thursday. The incident...
Founders Fund, the VC firm co-founded by Peter Thiel, cashed out nearly $1.8 billion from an 8-year long bitcoin bet. The sale came a month before the crypto market crashed in May last year.
