Crypto exchanges see $3B Ethereum exit since ETF approvals
    03 Jun 2024

    Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze. The amount of Ether on exchanges fell by around 797,000 between May 23 and June 2 — equivalent to $3.02 billion, according to…

    Matter Labs drops ZK trademark applications after industry backlash
    03 Jun 2024

    Matter Labs, the team behind Ethereum layer-2 scaling solution zkSync, has dropped all attempts to obtain intellectual property rights to trademark the term “ZK” — short for “zero knowledge” proofs. Its decision came three days after several leading ZK researchers condemned the firm’s behavior “in the strongest possible terms,” iterating that ZK technologies should instead remain a…

    Providing certainty in funding costs and investment returns: Ethereum gets fixed-income DeFi protocol
    03 Jun 2024

    Term Structure has gone live with its mainnet, aiming to revolutionize risk and liquidity management in DeFi. The history of the banking system can be traced back to 1472 in Italy, where the first bank emerged to facilitate commerce, secure deposits and provide loans. These early banking activities laid the groundwork for more complex fixed-income…