Ethereum core developers proposed increasing the maximum amount of staked ETH to become a validator from 32 ETH to 2,048 ETH amid growing wait times in the activation queue.
At the MakersPlace AI Art Hackathon, artists explored whether and how AI can be used as a tool in the creative process.
On the Pod…
The announcement of the upcoming launch of Uniswap v4 sparked fresh versions of old debates. Is it OK for DeFi’s leading DEX to not be fully open source at launch? What counts as composability and what counts as plagiarism? Is Uniswap’s dominance a threat to decentralization? Founder Hayden Adams joins the show to respond to the critics and explain the novel features of Uniswap v4.
⚖️ Do Kwon, cofounder and former CEO of Terra Labs, was convicted by a Montenegrin court for using a counterfeit Costa Rican passport, leading to a four-month jail sentence.
🚀 Citadel Securities, Fidelity Investments, and Charles Schwab backed cryptocurrency exchange, EDX Markets, started operations, targeting brokers and investors interested in the digital asset sector.
⚡️ Crypto exchange Binance began the process of running nodes on the Bitcoin Lightning Network, in an effort to incorporate the technology for its deposit and withdrawal services.
📈 Japanese crypto exchanges are advocating for regulatory ease on margin trading restrictions to revive trading volumes, potentially boosting leverage up to ten times the principal capital.
🔄 Decentralized exchange Curve Finance is voting on a proposal to allow Wrapped Ether as collateral for its crvUSD stablecoin, with a debt ceiling of $200 million.
📉 Osmosis, the Cosmos ecosystem's largest decentralized exchange, halved its inflation rate in a significant tokenomics model update, OSMO 2.0, to balance growth and stability.
💸 Crypto payments company Wyre announced its decision to cease operations next month due to current market conditions, despite a previous $1.5 billion acquisition deal.
Today in Crypto Adoption...
💡 Etherscan, an Ethereum block explorer, incorporated an OpenAI-based tool to facilitate user understanding of smart contract source code.
📜 The UK's House of Lords passed the Financial Services and Markets Bill, potentially recognizing cryptocurrency as a regulated activity and stablecoins as a legal payment method.
🌍 IMF official Tobias Adrian proposed a blueprint for cross-border Central Bank Digital Currencies (CBDCs) aimed at reducing transaction costs while maintaining compliance and capital controls.
The $$$ Corner…
🌏 Australian data center firm Arkon Energy is venturing into the U.S. market with a $26 million investment from Sandton Capital Partners and the acquisition of a site in Ohio.
💰 Republic, an investment firm, invested $5.25 million in crypto broker-dealer INX, acquiring a 9.5% stake, with plans for a possible total buyout valued at $120 million later in 2023.
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