🏦Crypto Crackdown Cleared the Way For BlackRock’s Bitcoin ETF: Custodia CEO

GM Defiers!

In today's newsletter, we delve into Wall Street's latest venture, EDX, a non-custodial crypto exchange launched by Fidelity Digital Assets, Charles Schwab, and Citadel Securities. The move has raised questions around regulatory favoritism and the timing of the launch.

Across the pond, France's financial markets regulator, AMF, is warming up to DeFi, indicating support for globally coordinated regulation - a stark contrast to the U.S's stringent regulatory stance.

Optimism has launched a third Retroactive Public Goods Funding round, a novel approach that incentivizes contributions to the Ethereum-based Layer 2 network. Finally, we cover BNB Chain's unveiling of opBNB, a Layer 2 rollup set to enhance its competitiveness in the rapidly evolving blockchain space.

✍️ In today’s newsletter:

• Caitlin Long says it isn't a coincidence that TradFi is making moves in crypto right after the SEC's crackdown
• French regulator publishes DeFi paper
• Optimism unveils $40M grants program
• BNB Chain launches opBNB Layer 2 testnet

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