business
* Sandeep Nailwal takes on additional role as chief business officer at Polygon Labs. * Will oversee strategy for Polygon's zero-knowledge solutions and AggLayer network. * Polygon Labs focuses on building transformative technology for scaling and liquidity. * Polygon processes transactions economically by redirecting to sidechains and Layer 2 zkEVM network. * Nailwal
business
* Elwood in talks to sell part of business, focusing on portfolio and risk management services. * Reorganization of Alan Howard's crypto investments leads to changes at Elwood. * Aptos' APT Token down 52% in April after booming March, according to VanEck. * Elwood re-evaluates roadmap, shifts focus to portfolio and
agora
* Stablecoin issuers should prioritize utility, liquidity, and transaction means over yield-bearing elements. * Yield-bearing stablecoins may be classified as securities, limiting customer reach and utility. * Examples include Dai, Ethena's USDe, and Mountain Protocol's USDM. * Strong ties with trading firms like Circle and Binance pose conflicts of interest.
blockchain
* Solana community votes to give validators 100% of priority fees, passing by 77% margin. * Previously, priority fees were split between validators and token-burning mechanism. * Solana token price reaches $171, facing congestion issues and network crashes. * Network experienced crashes in 2021, 2023, and faced congestion due to high traffic. * Developers promise
cryptocurrency
* A decade since Mt. Gox hack: $45B lost, industry still plagued by hacks. * 2023: $1.8B lost to hacks, lack of security in exchanges. * Users rely on exchanges for custody, but face security risks. * Regulatory bodies warn of dangers, urge separation of exchange from custody. * Self-custody risky, cold wallets not
banking
* Nomura and Laser Digital partner with GMO Internet Group for stablecoin issuance in Japan. * Plan to explore Japanese yen- and U.S. dollar-denominated stablecoins. * Offering "stablecoin-as-a-service" products for companies. * Nomura and Laser Digital focus on crypto trading, asset management, and venture investment. * GMO to contribute more on the
approval
* Ether's price nears $4,000, up 5% in 24 hours. * 27.5% weekly gain surpasses Bitcoin's 3.8% increase. * Analysts predict $4,500 target and Michael Saylor's ETH purchase. * DeFi TVL hits $117B, 60% on Ethereum network. * ETH breakout from falling wedge pattern signals
blockchain
* Sphere Labs introduces Telegram fiat on-ramp, off-ramp for bank-to-wallet transactions. * Service offers 0.1% fee per transaction for early users, launching May 27. * Users from non-sanctioned countries must link to USD or euro bank account. * Telegram hosts various crypto bots and apps, fostering blockchain ecosystem. * Telegram Open Network (TON) central
financial
* Nomura Holdings and GMO Internet Group partner for stablecoin issuance in Japan. * Partnership includes Laser Digital Holdings for trading solutions and asset management. * Focus on traditional stablecoin issuance, regulatory compliance, and stablecoins-as-a-service. * Japan passed legislation in 2022 to regulate stablecoins as non-securities. * Only licensed entities can issue stablecoins in Japan,
approval
* SEC approved spot Ethereum ETFs, sparking debate on ether's classification as commodity or security. * Consensys alleged SEC considered ether a security, while CFTC Chair called it a commodity. * Approval of Ethereum ETFs may signal a shift in SEC's stance on ETH's status. * Legal experts
ethereum
* Ethereum price surges 21% on optimism for US spot ETF approval. * Tension in Ethereum community over decentralization progress and token incentives. * Top developers clash over MEV practice, sparking heated debate on social media. * Conflict-of-interest accusations arise as Ethereum Foundation devs accept roles at EigenLayer. * Consensus conference in Austin next week
bitcoin
* Spot bitcoin ETFs in US attract interest and inflows, especially from institutions. * Advisors face client questions on direct bitcoin ownership vs. ETFs. * D.J. Windle creates "advisors guide" to navigate client questions. * Miguel Kudry answers questions on differences between BTC and ETH ETFs. * ETH ETFs introduce staking rewards,