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Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

LayerZero launched a Lido stETH bridge last October without asking for Lido DAO’s permission. The community responded this week by endorsing a pair of its biggest competitors.

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Crypto bank Sygnum raises $40 million at $900 million valuation

Crypto banking group Sygnum announced today that it has secured over $40 million in a strategic funding round, led by Azimut Holding.

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The Digital Pound Consultation Will Drop Thursday, U.K. Official Says

There’s a number of issues around privacy, financial inclusion, whether there’s limits, monetary policy and interest, James Bowler, Permanent Secretary of the Treasury said.

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Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address

Crypto asset manager Bitwise on Wednesday became the first of the ten spot bitcoin exchange-traded fund (ETF) issuers to share its digital wallet address with the public.

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Bitcoin hovers just under $40,000 as market tracks Grayscale outflows

Bitcoin’s price ended the day of trading below $40,000 as volume for Graycale’s spot bitcoin ETF appeared to slow.

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What’s Uniting the SEC’s Crypto Cases

Earlier this week, a federal judge asked attorneys with the U.S. Securities and Exchange Commission why – “big picture” – there wasn’t any sort of uniting regulation addressing crypto.

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Synthetix deploys first perpetuals protocol on Base blockchain

Synthetix, a decentralized crypto derivatives marketplace, has deployed V3 of its perpetuals contracts protocol on Base.

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SEC delays decision timeline for BlackRock’s proposed spot Ethereum ETF to March

The SEC delayed its decision on whether to approve or disapprove of BlackRock’s proposal for a spot Ethereum exchange-traded fund to March.

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Polygon Plans ‘AggLayer,’ in Bid to Synthesize Modular, Monolithic Blockchains

The new “AggLayer,” set for launch next month, relies on zero-knowledge proofs, a type of cryptography that Polygon Labs is betting on as a core underpinning of future blockchain architecture.

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The Protocol: Ethereum Developers Warn on ‘Diversity Problem’

In this week’s issue, a focus on Ethereum’s “diversity problem,” the week’s biggest blockchain project upgrades and highlights from Electric Capital’s annual report on developer activity. PLUS: We’ve got an exclusive interview with a top architect behind the XRP Ledger.

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