Market
DeFi
Sushi DAO declines CB Recruitment’s remuneration proposal – despite helping recruit head chef
CB Recruitment said its role in recruiting Sushi's head chef demonstrated its reputation for sourcing the best candidates in the web3 space.
Adoption
Over 20 crypto firms plan to establish presence in the city: Hong Kong authorities
The Hong Kong authorities said they were working on establishing a licensing regime for virtual asset service providers by June 2023.
DeFi
Arbitrum’s weekly DEX volume touches new ATH
During the period, the total value of assets locked on Arbitrum rose by over 20% and the layer2 solution saw a steady inflow of stablecoins.
Banking
Gemini founder Tyler Winklevoss describes US banking system as unequal
Several crypto community members pointed out that Bitcoin could help solve the problems highlighted by the Gemini co-founder.
Exchanges
Coinbase eyeing offshore exchange to escape US regulatory pressure
Coinbase is subjected to higher standards of regulatory oversight than many of its rivals who are based offshore.
Crime
Euler Finance hacker sent 100ETH to Ronin Bridge exploiter
Euler Labs CEO Michael Bentley tweeted on March 17 that the DeFi protocol's exploited lines of codes were previously audited.
Banking
US lawmaker says President Biden administration is weaponizing market chaos to kill crypto
Tom Emmer said the Federal Reserve's instant payments settlement system FedNow suggests that it is competing with private entities.
Stablecoins
Tether’s circulating supply reaches 10-month high of $74B
Tether USDT's supply has grown by 10% in the current year while USDC, BUSD, and DAI supplies shrank.
DAOs
Arbitrum to airdrop ARB tokens to users on March 23
The Arbitrum ecosystem is also pivoting into a decentralized autonomous organization (DAO) that would be governed by the ARB token.
Crypto
CryptoSlate wMarket Update: Bitcoin trades under $25,000 as rival coins falter
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
DeFi
Euler finance hacker moves stolen fund as protocol offers $1M bounty
The Euler labs attacker sent one of the DeFi protocol users 100 ETH, leading to speculations that the hacker could return the funds.
Featured
FTX identify over $3B transfer to SBF, others
FTX's former CEO Sam Bankman_Fried received $2.2 billion in payments and loan from the bankrupt firm, according to a press statement.