A proposal would divvy up Rook’s nearly $50 million crypto treasury between Rook Labs, which builds MEV technology, and the new Incubator DAO.
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Head of Thailand’s Opposition Party Promises $300 Crypto Airdrop if Elected Prime Minister: Report
Local stakeholders call the move a “marketing gimmick†while others say it's the most efficient way to distribute economic stimulus.
DeFi Protocol Balancer Experiences Budget Cuts, Headcount Slashes Ahead of Strategy Pivot
The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand.Â
Ethereum Unstaking Requests Now Face About a 17-Day Wait
The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.
M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause
The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
Crypto Investors Unmoved by Revised Jobless Data
Jobless claims beat expectations by an even wider margin than in the initial report, after a revision Thursday. Crypto investors largely ignored the change, although the increasing jobless figures bode well for the market.
Crypto Exchange Bitget Starts $100M Asia-Focused Web3 Fund
The firm started its fund as more crypto projects seek non-U.S. jurisdictions.
Etherscan Reconfigures Blockchain Explorer Settings to Filter Out Potential Scams
Zero-token value transfers will no longer be visible by default as a way of preventing “address poisoning†hacks.
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.
Bank of England Targets 30-Strong Team for Digital Currency: Report
Among the positions available are digital pound security architect and digital pound solutions architect.