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DeFi Governance Roundup: Navigating Through the Current Market

DeFi Governance Roundup: Navigating Through the Current Market

Quick Take

  • This DeFi governance roundup covers recent proposals for Balancer, Curve, Frax, Gitcoin and SushiSwap.
  • In general, most governance proposals focus on treasury management and maintaining protocol growth and sustainability through the current market conditions.
  • Proposals associated with higher risks take a back seat as governance voters become more cautious.

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Solana NFT utility protocol Cardinal raises $4.4 million in seed funding

Solana protocol Cardinal — which aims to improve the utility of NFTs — has raised $4.4 million in seed funding.

The post Solana NFT utility protocol Cardinal raises $4.4 million in seed funding appeared first on The Block.

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Lido DAO voting on proposed $14.5 million token sale to Dragonfly Capital

The vote is half of a proposed $29 million token sale involving the liquidation of 2% of the Lido DAO (LDO) token supply for DAI.

The post Lido DAO voting on proposed $14.5 million token sale to Dragonfly Capital appeared first on The Block.

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California ends ban on crypto campaign donations

California repealed a ban that was put in place in 2018 due to concerns that crypto could be used to skirt campaign finance rules.

The post California ends ban on crypto campaign donations appeared first on The Block.

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Bitcoin network difficulty dips 5%, the largest drop in months

In response to a drop in hash rate, bitcoin mining network’s mining difficulty fell by roughly 5% due to a July 22 adjustment.

The post Bitcoin network difficulty dips 5%, the largest drop in months appeared first on The Block.

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Zipmex reopens withdrawals from trading wallets

Zipmex announced it has resumed withdrawals from its Trade Wallets, two days after the platform paused the feature. 

The post Zipmex reopens withdrawals from trading wallets appeared first on The Block.

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Abra CEO reveals how his lending firm weathered the Three Arrows Capital storm, and why other lenders failed

In this episode of The Scoop, Abra CEO Bill Barhydt shares how Abra has been able to remain operational despite having exposure to 3AC, and why — based on his own professional experience with 3AC — he believes the firm misrepresented its finances to the point of fraud.

The post Abra CEO reveals how his lending firm weathered the Three Arrows Capital storm, and why other lenders failed appeared first on The Block.

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Three Arrows founders tell Bloomberg ‘the whole situation is regrettable’

Zhu Su and Kyle Davies say they’re heading for Dubai to avoid the “crazy people in crypto that kind of made death threats.”

The post Three Arrows founders tell Bloomberg ‘the whole situation is regrettable’ appeared first on The Block.

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CFTC commissioners speak up after SEC files crypto insider trading case

Members of the CFTC underscored the importance of regulatory collaboration after the SEC lodged a digital assets insider trading case today.

The post CFTC commissioners speak up after SEC files crypto insider trading case appeared first on The Block.

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Layer by Layer Issue 40: Ethereum, Solana, and Cosmos

Quick Take

  • In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
  • Modern blockchains are becoming progressively more modular over time, with the Ethereum merge representing one of the largest efforts to change the architecture of a blockchain to date
  • Major upgrades that are beginning to roll out stand to change the way users interact with the Solana and Cosmos ecosystems

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