Trading
Regulation
Proposed Gillibrand-Lummis crypto Bill uploaded to GitHub for recommendations
Senator Lummis has opined that the bill is seeking comments from industry stakeholders so that it can properly reflect the innovations in the crypto space.
Crime
Dogecoin gaining popularity for illegal activities, Elliptic report says
Elliptic revealed that there have been several instances where the popular meme coin have been used by bad actors for their gain.
Partnerships
Quantum Economics partners with LitBit for project incubation
The two companies aim to combine their resources to identify new crypto projects with significant potential and help them achieve their goals.
People
Binance CEO says bailouts for bad projects ‘don’t make sense’
CZ wrote that bad projects should not be saved regardless of the number of their users.
Merge
Ethereum to shutdown 3 testnets after Merge
Ethereum foundation has revealed that Kiln, Rinkeby, and Ropsten testnets would be deprecated after Ethereum’s transition into a proof-of-stake network.
Lending
Crypto lender Maple Finance joins list of platforms facing liquidity issues
The DeFi protocol for institutional borrowers and lenders published an update saying “lenders must wait for borrower repayments.”
Regulation
SEC commissioner criticizes crypto bailouts as ECB president calls for staking regulations
SEC Commissioner Hester Peirce says the tough times in the industry allows people to know who is actually building a product that will stand the test of time.
Analysis
Crypto AuM at lowest point as investors buy the Bitcoin dip
CoinShares revealed there were clear signs of investors buying the dip as Bitcoin saw inflows of $28 million.
Analysis
Vitalik Buterin calls Plan B’s Stock to Flow Bitcoin model “harmful”
Buterin says financial models like the S2F model that gives people false assurance that "number-will-go-up are harmful and deserve all the mockery they get."
Investments
Twitter board asks shareholders to approve Elon Musk’s $44 billion bid
Musk's offer for Twitter would earn each shareholder $54.20, which is ahead of the current value of the shares at $38.
Exchanges
Crypto companies pull out of sponsorship deals amid market downturn
Several crypto companies have been forced to choose self-preservation over advertising, as the crypto market cap crashes to new lows.
DeFi
Solend introduces $50M borrow limit as whale account begins debt repayment
Solend has introduced a new proposal to limit the borrowing on the platform to $50 million per account.
