🛑 Ethereum Briefly Stopped Finalizing Blocks Last Week

TLDR Ethereum experienced multiple incidents last week where blocks failed to finalize, causing a brief panic in the web3 community. Transactions continued to be processed normally, and while the exact cause is still unknown, patches have been released for the affected clients.

SO WHAT The incident serves as a reminder of the experimental nature of blockchain technology and the ongoing work on Ethereum's upgrades. It also highlights the value of client diversity and the need for robust stress-testing.

TLDR MakerDAO founder Rune Christensen has proposed an updated Endgame roadmap for Maker, including the introduction of a new stablecoin, governance token, and dedicated blockchain. It aims to streamline governance, incentivize participation, and enhance security.

SO WHAT If implemented successfully, the roadmap could strengthen Maker's position in the DeFi space and provide new opportunities for users. However, the project will need to address concerns about centralization and ensure effective governance to maintain trust and support from the community.

TLDR A US bankruptcy judge has ruled that insolvent crypto lender BlockFi can return $297 million worth of assets to customers' non-interest-bearing "Wallet" accounts, excluding users who attempted to move $375 million out of interest-bearing accounts when the platform shut down.

SO WHAT The ruling highlights the risks associated with storing funds on custodial platforms and the potential complexities that arise when these platforms face insolvency. Users would be well advised to explore decentralized alternatives and take control of their own private keys to mitigate such risks.

• Optimism Bedrock upgrade to go live on June 6
• Compound launches v3 on Arbitrum

• EU states approve world's first comprehensive crypto rules (Reuters)
• ChatGPT’s Sam Altman Is Getting $100 Million for Worldcoin Crypto Project (Barron's)
• Peter Thiel Backs Bitcoin Startup River in $35M Round (Coindesk)