ArkotNews

ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital-asset innovation and leadership away from the U.S.?

The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand. 

Highly skilled crypto users have reportedly lost an estimated $10 million in stolen funds since December, MyCrypto founder Taylor Monahan said.

The DAOs native token, VITA, rose 3% on news the community was considering the proposal.

The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.

The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.

ALSO: Ether falls but still outperforms bitcoin for another day as investors look with hope at the Shanghai upgrade.

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

He's done it again, so we're covering it again. Please kill me.

Under a new proposal Lido would accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.