Sushi Requires 'Immediate Action' to Bolster Revenue

News

• Sushi Requires ‘Immediate Action’ To Bolster Revenue
• Grayscale To Consider Tender Offer If ETF Conversion Fails
• Binance Affiliate Poised to Acquire Stricken Voyager for $1B
• Solana DEX Raydium Hacked for $2.2M

Privacy Front

• Aztec Bets Financial Privacy Will Weather Crypto War
• Tornado Cash Passes First Governance Proposal Since Sanctions

DeFi+TradFi

• Visa Unveils Plans For Auto-Payments From Self-Custodied Wallets

Podcast

Video

• Grayscale’s Got a Plan
• Weekly Recap: SBF Arrested; CZ Under Investigation

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News

DAO Drama

Sushi Requires ‘Immediate Action’ To Bolster Revenue

Head Chef Grey Proposes Diverting Transaction Fees to Treasury From Stakers

By Samuel Haig

No sooner had Sushi found its footing after a crazy year when it happened again — drama. A governance proposal by Jared Grey, the No. 5 decentralized exchange’s new head chef, has divided the community as its members vote on Monday.

Read the full story in The Defiant

Privacy Front

Aztec Bets Financial Privacy Will Weather Crypto War

Andreessen Undeterred by Regulatory Threats as His Firm Leads $100M Round in ‘VPN for Ethereum’

By Aleksandar Gilbert

Aztec founders Zac Williamson and Joe Andrews got the venture firm they wanted. They’re counting on it for the fight ahead. “Marc Andreessen, he’s fought this battle already,” Williamson said, referring to the founder of venture capital firm a16z. “He fought the first generation of this battle in the 90s when basic cryptography was legally considered a munition.”

Read the full story in The Defiant

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DeFi + TradFi

Visa Unveils Plans For Auto-Payments From Self-Custodied Wallets

Payments Giant Chooses StarkNet For Proposed Implementation

By Owen Fernau

Paying bills with crypto while on holiday may soon be getting easier. On Dec. 19, payments giant Visa shared plans for auto-payments on StarkNet, a Layer 2 scaling solution for Ethereum.

Read the full story in The Defiant

Enforcement Actions

Tornado Cash Passes First Governance Proposal Since Sanctions

ENS Domain To Be Redirected To Community-Built Interface

By Owen Fernau

Tornado Cash, a privacy protocol which allows users to obscure the flow of crypto assets, has passed its first governance proposal since the U.S. Treasury Department levied sanctions on it in August.

Read the full story in The Defiant

Crypto Funds

Grayscale To Consider Tender Offer If ETF Conversion Fails

CEO Expects Court Decision Early Next Year

By Aleksandar Gilbert

Grayscale Investments may seek to launch a tender offer for GBTC shares in the event a court rejects the company’s attempt to turn the world’s largest publicly traded crypto fund into an ETF.

Read the full story in The Defiant

Crypto Deals

Binance Affiliate Poised to Acquire Stricken Voyager for $1B

Binance.US Bid to be Submitted to Bankruptcy Court for Approval

By Samuel Haig

Binance.US, an affiliate of the No. 1 crypto exchange, has won the bidding for Voyager Digital, the digital assets company that went bankrupt in July, the company said on Monday.

Read the full story in The Defiant

Exploits

Solana DEX Raydium Hacked for $2.2M

Protocol’s Admin Keys Likely Compromised

By Aleksandar Gilbert

Raydium, a decentralized exchange on the Solana blockchain, was exploited Friday morning for more than $2M.

Read the full story in The Defiant

Defiant Video

Daily Defiant

Grayscale’s Got a Plan

Weekly Recap

SBF Arrested; CZ Under Investigation

Defiant Podcast Video

BitGo’s Mike Belshe on What’s Next for WBTC & Crypto Custodians