It's a battle of bulls versus bears as the market gets a grip on reality, says Brent Xu, CEO of DeFi lender Umee. ALSO: CoinDesk columnist Daniel Kuhn writes that Elon Musk had the crypto world's attention again this week, but whether he helps DOGE is questionable at best.
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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.
Yearn's Staked Ether Token yETH Gets Mixed Results on Govenance Poll
The non-binding poll seeks to do a temperature check of sentiment toward launching yETH.
Jump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn
Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally.
How OFAC’s Tornado Cash Sanctions Violate U.S. Citizens’ Constitutional Rights
In filing a “friend of the court†brief, the Blockchain Association argues that financial privacy is fundamental – even in the digital realm.
Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report
South Korea has requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.
From Nakamigos to Magamigos: The Tricky Relationship Between the Meme Economy and NFTs
Speculative NFT project Nakamigos has recently broken into the NFT spotlight, spawning copycat projects such as Magamigos and Nakamigas that capitalize on the trend. But while meme projects may offer short-term gains, they rarely offer long-term value and ought be scrutinized.
Multicoin Leads $4M Strategic Round for Web3 Co-Ownership Platform Lore
The platform, now in public beta, allows groups of people to share non-fungible tokens (NFT) for expanded access and utility.
USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.
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