The legal landscape for crypto is heating up, with significant cases like the Lido DAO lawsuit, which alleges the sale of unregistered securities, and the prosecution of Tornado Cash co-founder Roman Storm for money laundering. Both cases could redefine governance and privacy in decentralized finance. Meanwhile, Do Kwon faces fraud charges related to the collapse of Terraform Labs, marking a stark reminder of the industry’s tumultuous past.
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0 posts last weekNorth Korean Hackers Target Cryptocurrency ETF Issuers, FBI Issues Warning
North Korean hackers are reportedly targeting cryptocurrency ETF issuers, as warned by the FBI. The hackers have conducted research on potential targets, indicating plans for malicious cyber activities against companies involved in cryptocurrency ETFs. With a history of stealing $3 billion in crypto assets, these hackers are known for their sophisticated infiltration techniques, raising concerns for ETF issuers to enhance their security measures.
read moreAave Deposits Surge as Traders Bet on Ethereum ETF Approval
Aave deposits surged to $19.5 billion as traders flock to Ethereum in anticipation of potential approval of spot Ether exchange-traded funds by the Securities and Exchange Commission. The rush to Aave reflects renewed confidence in DeFi following the industry’s recovery from significant market downturns in 2022, with the majority of deposits concentrated on Ethereum and its layer 2 blockchains. Bloomberg Intelligence analysts’ revised odds of SEC approval to 75% prompted a 20% increase in Ether’s value, driving significant inflows into Aave V3.
read moreLido’s Declining Market Share in Ethereum Staking Industry
Lido’s share of the Ethereum staking market has dropped to a two-year low, losing significant Ether deposits to competitors like EigenLayer and liquid restaking protocols. This decline reflects a broader shift in the staking business, with centralised exchanges also losing market share while liquid restaking protocols are on the rise. Lido is making changes to increase decentralisation, including welcoming solo stakers and considering proposals to involve stETH holders in governance.
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