ArkotNews

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.

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.

Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.

It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.

The change improves support for exchanges and may bring faster development, Avalanche says.

ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data.

The exchange said hackers transferred the crypto assets from a hot wallet to an unidentified wallet.

Max Williams, chief operating officer at Runa Digital Assets, noted the upgrade will allow developers to focus on improving users' experience.

The move continues a 2023 rally that has now seen the most popular crypto gain more than 80%.

The tweet spurred speculation that the notable venture capital firm could launch its own Optimism-based layer 2 blockchain. A16z crypto’s CTO tweeted: “not an L2.”