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🤔 MakerDAO Unnerved By WBTC Restructure

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MakerDAO’s community is debating whether to halt support for WBTC as collateral backing new DAI mints as Wrapped Bitcoin readies to restructure. In roughly 60, WBTC will be managed by a joint venture including involvement from Tron’s controversial founder, Justin Sun.

Optimism unveiled its roadmap for introducing native interoperability among Superchain networks. Optimism wants cross-chain transactions between Superchain projects to feel like using a single network.

Volume on Uniswap’s Layer 2 deployments continues to post new all-time highs after month-over-month growth of 350%.

Customers Bancorp is the latest crypto-friendly bank to face regulatory action in the U.S.

Plus, crypto markets pull back, Superstate ingrates Chainlink for NAV data, Canto suffers multi-day outage, Solana developers discreetly patch vulnerability, and Ripple tests RLUSD stablecoin.

✍️ In today’s newsletter:

  • MakerDAO considers offboarding WBTC
  • Optimism unveils Superchain interoperability roadmap
  • Uniswap L2 volume rockets to new highs
  • U.S. regulators clamp down on Customers Bancorp
  • Digital assets stumble as institutional buying eases
  • Superstate taps Chainlink for USTB data
  • Canto falls offline for two days
  • Solana developers quietly deal with critical vulnerability
  • Ripple launches private beta testing for RLUSD

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🚧MakerDAO Mulls Offboarding WBTC Amid Wrapped Bitcoin Restructure

the-defiant

News of Wrapped Bitcoin’s pending restructure has worried MakerDAO’s community, with the project mulling a proposal to disable new DAI mints backed by WBTC. Community members are concerned about the influence Justin Sun, Tron’s controversial founder, will soon exercise over WBTC.

️🔓Optimism Plans To Unlock Superchain Interoperability Next Year

Optimism announced plans to roll out Superchain interoperability next year. The Superchain endeavors to establish a unified ecosystem of OP Stack-based chains including Base, OP Mainnet, and Mode.

🦄Uniswap Layer 2 Addresses are Up 350% - But There's a Catch

The market share of Uniswap’s Layer 2 deployments is surging, with monthly active addresses jumping 350% to 8.93 million since May. The milestone comes as Base accounts for 80% of Uniswap’s users.

🚨Customers Bancorp Becomes Latest Crypto-Friendly Bank Hit By Enforcement Action

Customers Bancorp, a financial institution providing services to crypto firms, was targeted with an enforcement action from the Federal Reserve. Web3 advocates described the action as the latest chapter in U.S. regulators’ suspected Operational Choke Point 2.0 campaign.

⚠️Canto Blockchain Suffers Multi-Day Outage Due To 'Consensus Problem'

Canto, a Cosmos-based Layer 1, has now been offline for two days after encountering consensus issues. Canto told users the issue would be fixed earlier today, but failed to ship the promised upgrade.

✅Solana Developers Quietly Patched a Critical Vulnerability

Solana’s developers discreetly patched a major vulnerability last week as all eyes were on the market volatility. The weakness was spotted as SOL rallied to new all-time highs against ETH.

🧪Ripple Starts Testing Its RLUSD Stablecoin on XRPLedger and Ethereum

Ripple Labs began testing its upcoming RLUSD stablecoin. Ripple will text RLUSD’s code while awaiting regulatory approval in the U.S.

🌍 ELSEWHERE

  • SEC charges NovaTech with allegedly operating a pyramid scheme that raised $650 million in crypto (The Block)
  • German State-Owned Development Bank Prepares for Tokenized Bond Issuance with Boerse Stuttgart Digital in ECB Trial (CoinDesk)
  • Marathon Digital Holdings To Raise $250 Million To Buy More Bitcoin (Bitcoin Magazine)
  • Ethereum User Spends $88,000 to Send $2,200 ETH (Unchained)

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