DeFining news: June 23rd, 2023
BNB launched a testnet of an L2 powered by Optimism-based rollups.
Curve wants curveUSD to be collateralized by wBTC and native ETH among other assets. Meanwhile, Gauntlet warns that Curve Finance co-founder wallet’s $60M debt secured by CRV that is itself collateralized on Aave poses a big risk, especially if Aave freezes the CRV market on its v2.
In another blow to easy off-ramps, EU’s Cryptopay crypto debit card has lost the EMI (Electronic Money Institution) license that allowed it to operate. Meanwhile, Ramp expanded its on-ramp services to 40 new fiat currencies.
In an interesting case of independent scam investigators and the legal risks they face, crypto detective Zack XBT has already raised $1M of donations for his legal defense fund.
The Ledger recovery saga is not over as the company releases a whitepaper for a seed recovery tool.
Unexpected use case: Faroe Islands postal service issues NFT-embedded stamps.
Uniswap decided to use Wormhole and Axelar for cross-chain bridging and published a detailed analysis report.
Where there is staking, there is restaking too. EigenLayer just launched an ETH restaking protocol.
Starknet’s Kakaot testnet is a step closer to EVM compatibility.
Stay tuned!
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