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The Protocol: Restaking Tokens Are Exploding, and Restaking Isn’t Even Live

The Protocol: Restaking Tokens Are Exploding, and Restaking Isn’t Even Live

In this week’s issue of our weekly blockchain tech newsletter, Sam Kessler explores how “liquid restaking tokens” or LRTs are remaking decentralized finance. PLUS: Starknet’s STRK airdrop, Stellar’s smart-contract facelift and bitcoin’s supply crunch.

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Spot ether ETFs could increase Ethereum’s concentration risk, says S&P Global

Proposed spot ether staking ETFs, if approved, could increase concentration risk within Ethereum, according to S&P Global analysts.

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Yuga Labs co-founder Greg Solano, a.k.a. Garga, to take over CEO role

Solano will be taking the reins from former Activision Blizzard executive Daniel Alegre, who held the position for less than a year.

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Terraform Labs’ Do Kwon set to be extradited to the U.S., according to local media

Terraform Labs co-founder Do Kwon will be headed to the U.S. where he faces fraud claims that led to devastating losses for U.S. investors. 

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New Technology Will Have Institutions Lining Up for Crypto

The zero-knowledge Ethereum Virtual Machine enables real world asset tokenization on a far greater scale, says Colin Butler at Polygon Labs.

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Bitcoin Zero-Knowledge Rollup Citrea Raises $2.7M in Seed Funding

Citrea says it plans to use zero-knowledge cryptography to help grow Bitcoin’s budding decentralized finance (DeFi) and NFT ecosystems.

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Former Fidelity Digital Assets Head Joins Advisory Board of Ethereum L2 Layer N

Luc Froehlich will help guide Layer N’s Real World Asset, TradFi, and tokenization strategies.

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Nvidia’s Hotly Anticipated Earnings May ‘Trigger’ Bitcoin and Crypto Correction, Analyst Says

‘The most important stock on Earth’ could disappoint on a weak PC market and AI saturation, with Wall Street wanting more from the GPU giant, pulling down crypto and equities, the report said.

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When Bitcoin ETFs Are Right for Investors (and When They’re Not)

SEC approval in January opened up the market to a new generation of investors but there are still advantages to directly owning crypto that ETFs can’t provide, says Eric Ervin, CEO of Onramp Invest.

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Former SEC enforcement attorney Ladan Stewart joins White & Case LLP

Former SEC lawyer Ladan Stewart who litigated high-profile crypto cases has moved over to law firm White & Case LLP. 

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