ArkotNews

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.

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

The v2 upgrade will include a new concentrated liquidity automated market maker aimed at making trading for the Camelot ecosystem more efficient.

Zero-token value transfers will no longer be visible by default as a way of preventing “address poisoning” hacks.

Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally.

The upgrade may in time attract a new group of investors, Brian Mosoff, said.

Bitcoin has also continued its more moderately-paced momentum, inching toward $31K. ALSO: CoinDesk columnist considers Shapella's immediate and potential long-term impact.

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.

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