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Blockchains

Bitcoin Layer 2 TVL Soars Above $2 Billion

Bitcoin Layer 2 networks and sidechains are attracting large inflows amid an uptick in activity.
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DeFi

ZapperFi to Build ‘Road to Onchain Literacy’ with Zapper Protocol

Powered by a forthcoming ZAP token, the new protocol aims to incentivize better interpretation and contextualization of onchain information.
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Regulation & Politics

U.S. Senator Tells Gary Gensler Crypto Desperately Needs Resources

Senator Patrick Hagerty grilled SEC Chairman Gensler over the agency's lack of prioritization of a “constructive industry.”
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Markets

Gensler Predicts Ethereum ETFs Approval by ‘End of Summer’

Crypto markets tumbled after yesterday’s Fed statement revealed that policymakers now expect a single rate cut this year.
Arbitrum Plots Stage 2 Decentralization With Permissionless Transaction Validation
Blockchains

Arbitrum Plots Stage 2 Decentralization With Permissionless Transaction Validation

The Arbitrum community is greenlighting the introduction of its BoLD dispute resolution protocol.
Curve Finance Founder Michael Egorov Suffers Massive Liquidations
DeFi

Curve Finance Founder Michael Egorov Suffers Massive Liquidations

Egorov’s CRV holdings have dropped to $34M after previously taking out nearly $100M in stablecoins loans backed by $141M worth of CRV.
UwU Lend Suffers Second Exploit In One Week, Bringing Losses To $23 Million
Hacks

UwU Lend Suffers Second Exploit In One Week, Bringing Losses To $23 Million

The protocol lost an additional $3.72 million after getting hacked for the second time in three days.
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DeFi

SushiSwap Creates Sushi Labs Council and Multi-Token Model

Sushi Labs will “drive fast-to-market” product implementations.
Terraform Labs Settles With SEC For $4.4 Billion
Regulation & Politics

Terraform Labs Settles With SEC For $4.4 Billion

The agency asked the federal judge to approve the settlement today.
Mellow Finance to Help Lido Hold On to its Place as Largest DeFi Protocol
DeFi

Mellow Finance to Help Lido Hold On to its Place as Largest DeFi Protocol

The liquid restaking protocol could help boost Lido's stETH market cap.