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  • Lido’s stETH token expands to layer 2 networks Optimism and Arbitrum

    Lido’s stETH token expands to layer 2 networks Optimism and Arbitrum

    Lido, the leading liquid staking system on Ethereum, announced that it will support a wrapped version of its popular staked ether (stETH) token to Ethereum layer 2 networks Arbitrum and Optimism.

    Users wishing to participate in staking without losing liquidity have turned to liquid staking solutions like Lido, which take their ETH, stake it, and give them a stETH token in return. This token tends to trade around the price of ETH on the open market.

  • EU introduces crypto ban, oil price cap in latest Russia sanctions

    EU introduces crypto ban, oil price cap in latest Russia sanctions

    EU introduces crypto ban, oil price cap in latest Russia sanctions

    In addition to targeted sanctions on individuals linked to the annexation “referendums” and Russian defense sector officials, the document introduces a complete ban on cryptocurrency transactions with Russian nationals and residents.

    EU ambassadors also agreed to introduce a price cap on Russian oil transported by European operators, a move aimed to reduce Moscow’s revenues and “stabilize global energy prices.”

  • Polygon partners with NGO OCEEF

    Polygon partners with NGO OCEEF

    The decentralized Ethereum scaling platform, Polygon, has announced a partnership with the Ocean Conservation Exploration and Education Foundation (OCEEF).

    The aim of this collaboration is to promote ocean literacy through entertaining, immersive and interactive experiences in the Metaverse.

  • Celsius reveals names, transaction histories of thousands of customers in public court filing

    Celsius reveals names, transaction histories of thousands of customers in public court filing

    Bankrupt crypto lender Celsius revealed the names and transaction history of tens of thousands of its customers. The document, which accompanied several other filings as part of the company’s ongoing bankruptcy proceedings, runs more than 14,500 pages long.

    This has resulted in a community backlash against Celsius Network since it goes completely against the decentralized and anonymous nature of blockchain.

  • Circle removed $9 billion from USDC supply in the last three months

    Circle removed $9 billion from USDC supply in the last three months

    The total supply of the stablecoin USD Coin (USDC) has declined from $55.55 billion to $46.57 billion in the last 90 days, based on data from DeFiLlama.

    While USDC supply has dropped, Tether (USDT) supply has increased within the same period. USDT’s circulating supply is up more than $2 billion since early July. Tether’s dominance of the stablecoin market has also risen to a three-month high of 45.9%.

  • Binance Smart Chain halted over potential exploit

    Binance Smart Chain halted over potential exploit

    Transactions on the Binance blockchain, also known as BNB Chain and Binance Smart Chain, were halted today after a potential exploit in the network was detected through a spike in “irregular activity.”

    The exploit allowed cybercriminals to get away with over $570 million in digital assets. Binance CEO Changpeng Zhao later explained that an exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB and the chain had been halted.

  • Asset management giant GoldenTree discloses $5.2 million investment in SushiSwap

    Asset management giant GoldenTree discloses $5.2 million investment in SushiSwap

    GoldenTree has invested about $5.2 million the SushiSwap governance token, the asset management giant said in a SushiSwap forum announcement on Wednesday.

    The company, which has about $47 million in assets under management, said it had been following Sushi for a while and with the start-up of its crypto-focused GoldenChain Asset Management arm, was psyched to be more active in all things Sushi.

  • Acala restores full operations after users ‘error minted’ 3 billion aUSD

    Acala restores full operations after users ‘error minted’ 3 billion aUSD

    Polkadot’s DeFi-focused parachain Acala announced on Wednesday that it has fully reopened its services to users three weeks after a major security incident. This comes after its governance body approved the third and final vote to do so.

    A series of community governance votes have been passed, such that all liquidity pools are now re-capitalized and rebalanced, and all aUSD in circulation are now fully collateralized, according to Bette Chen, co-founder of Acala.

  • NEAR Protocol partners with Google Cloud to support Web3 devs

    NEAR Protocol partners with Google Cloud to support Web3 devs

    NEAR Protocol partners with Google Cloud to support Web3 devs

    Near Foundation has announced a new partnership between Google Cloud and Near Protocol, providing infrastructure for Near’s Web3 startup platform, Pagoda.

    In a statement, Google Cloud director of digital assets Carlos Arena said his company’s infrastructure will allow Near developers a means to “build and scale,” and said the company will continue to support “new products and services on blockchain-based platforms.”

  • European Parliament members vote in favor of crypto and blockchain tax policies

    European Parliament members vote in favor of crypto and blockchain tax policies

    Members of the Parliament of the European Union voted in favor of a non-binding resolution aimed at using blockchain to fight tax evasion and coordinate tax policy on cryptocurrencies.

    According to the legislative body, the resolution recommended authorities in its 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions and have national tax administrations use blockchain technology “to facilitate efficient tax collection.”