DeFining news: May 19th, 2023

DeXe Protocol
2 min readMay 19, 2023


Institutional investors are getting easier access to DeFi governance via Anchorage’s custodial accounts.

The European crypto legal framework is getting some clarity with the Markets in Crypto Assets (MiCA) regulations for exchanges, wallet providers, utility and asset-backed tokens, and stablecoins.

In NFTFi news, Blur’s NFT-backed lending platform, Blend, has already done 100k ETH of volume in just 17 days post-launch.

As soon as Ledger announced a new wallet recovery feature, it faced massive backlash from the community for violating the basic principles of hardware wallet security and potentially opening up a Pandora’s box of security and privacy threats.

In a reminder of why custodial (centralized) accounts are not exactly safe, a judge excluded 48,000 interest-bearing account holders of the now-bankrupt BlockFi from receiving any settlement money.

One way to reassure your tokenholders after a massive token sale is for the team to permanently burn 21 billion of their own token stash (around $637M worth), which is what GALA just did.

Worldcoin is having to modify its verification methods as Chinese users are simply buying random strangers’ iris scans — for ~$30 each — to get in.

Uniswap is coming to Polkadot via the Moonbeam parachain.

LayerZerohas launched a $15M bug bounty in partnership with Immunefi.

Stay tuned!

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