ArkotNews

Washington’s “war on crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.

The total locked value of assets on the platform has risen over 300% since the start of this year, DefiLlama data shows.

The change aims to make Helium faster and cheaper to operate.

Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.

An industry report is expected to outline best practices in areas including due diligence and risk management.

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.

The goal of the proposal is to let Euler users redeem their funds as soon as possible.

The exploiter paid back Aave users’ USDT debts on its v1 markets, making the total USDT borrowed stand at zero.

Local stakeholders call the move a “marketing gimmick” while others say it's the most efficient way to distribute economic stimulus.

ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.