Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction

Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction

Gauntlet is a key player in decentralized finance (DeFi), its risk management services used by several of the largest crypto protocols and DAOs. Gauntlet served as a “Risk Steward” for Aave, which involved overseeing the platform’s risk levels, providing regular updates to the Aave community, and manually setting certain lending and borrowing parameters. Morrow said … Read more

Crypto Action in Senate Remains on Back Burner: Sources

Crypto Action in Senate Remains on Back Burner: Sources

Warnings this week from the Chamber of Digital Commerce about the bill from Warren may be premature, one of the people said. The group’s CEO, Perianne Boring, sent out a notice with the subject line, “URGENT: Cryptocurrency Under Threat,” that warned that Brown may advance Warren’s bill “effectively banning cryptocurrency in the United States.” SOURCE

Bitcoin Zero-Knowledge Rollup Citrea Raises $2.7M in Seed Funding

Bitcoin Zero-Knowledge Rollup Citrea Raises .7M in Seed Funding

“We’re hearing things like Citrea is better than Ethereum,” Chainway Labs co-founder Orkun Mahir Kılıç told CoinDesk. “It’ll be better with time, because there’s like $1 trillion, as of now, sitting in the Bitcoin blockchain. It is the most secure, battle-tested and decentralized blockchain. And we are bringing decentralized finance to it.” SOURCE

New Technology Will Have Institutions Lining Up for Crypto

New Technology Will Have Institutions Lining Up for Crypto

The zkEVM, which is capable of performing smart contract transactions within a zero-proof environment, has firmly established itself in blockchain infrastructure. Now institutional investors can tap into a proven ecosystem of Ethereum-based blockchains, with its robust security guarantees, decentralization, and transactional transparency, at a far lower cost, rapid settlement times, and with potentially unlimited scaling … Read more

STRK Tokens Claimed Hit 420M in a Day as On-Chain Metrics Soar

STRK Tokens Claimed Hit 420M in a Day as On-Chain Metrics Soar

Daily transactions on Starknet hit a record high of 1.06 million on Tuesday, with 45.2 transactions per second being recorded at the height of the airdrop claim frenzy, data from voyager.online shows. By that measure, Starknet beat other layer-2 networks Arbitrum and Optimism, which reached 874,000 and 486,000, respectively. SOURCE

Is the DOE Crypto Mining Data Request an Opportunity for Energy Innovation or for Political Opportunists?

Is the DOE Crypto Mining Data Request an Opportunity for Energy Innovation or for Political Opportunists?

As someone who’s served at the Department of Energy (DOE), I believe the orders offer some key opportunities. While most of the mining community agrees the requests are politically motivated by certain members of Congress, the EIA statute directs agencies to pursue information gathering functions in support of requests from Congress, the DOE and others. … Read more

First Mover Americas: VanEck’s ETF Volume Surges, Fairshake Raises Another $5M

First Mover Americas: VanEck’s ETF Volume Surges, Fairshake Raises Another M

Fairshake, a super political action committee (PAC) backing crypto-friendly candidates, has now received funding of a total of $4.9 million from billionaire twins Cameron and Tyler Winklevoss, Bloomberg reported, citing the latest federal filings. The twins, who are co-founders of crypto exchange Gemini and heavyweight bitcoin (BTC) investors, were initial investors in Fairshake, revealed in … Read more

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