Highlights From Crypto Bahamas Conference
CoinDesk's Zack Seward, Tracy Wang and Danny Nelson share their key takeaways from this year’s Crypto Bahamas conference, highlighting the participation of Wall Street players. The panel discusses which projects are more represented than others, noting that there seems to be more presence of Solana and Avalanche developers and projects than those involved in Ethereum.
Morgan Stanley: Over 100 Crypto Assets Added Last Week
A note published by investment bank Morgan Stanley highlighted that despite the recent fall in cryptocurrency prices, 100 new digital assets were created on decentralized finance (DeFi) exchanges over the past week. “The Hash” group discusses the significance of this statement, noting the abundance of new tokens built on top of layer 1 chains like Ethereum.
NBA Top Shot Whale Launches NFT Lending Platform 'Flowty' With $4.5M in Funding
Michael Levy, one of the first large investors in the NBA Top Shot NFT project, has raised $4.5 million in funding to launch a peer-to-peer NFT lending marketplace on the Flow blockchain called Flowty. “The Hash” group discusses the potential of the NFT lending space and the difference between Flow and other base layer chains like Ethereum and Solana.
MakerDAO Moves Toward Multi-Chain With StarkNet Bridge
Ethereum-based DeFi lending and stablecoin platform MakerDAO is bridging to an overall network called StarkNet as part of efforts to reduce transaction fees and gradually move toward a multi-chain future. “The Hash” group discusses the significant impact MakerDAO has had in the DeFi space and security concerns that might arise as projects like Maker undergo fast-paced development.
Australia to List Crypto Spot ETFs; WazirX Founders Leave India
Bitcoin and Ethereum spot ETFs landing in Australia next week. India’s WazirX founders move to Dubai. Memecoin fans hope to head to the moon on “Dogecoin Day.” Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Attacker Drains $182M From Beanstalk Stablecoin Protocol
Ethereum-based stablecoin protocol Beanstalk Farms was exploited for $182 million in a flash-loan attack over the weekend, making this the second nine-figure decentralized finance (DeFi) attack in a month.
Ethereum Merge Pushed Back: What to Expect
Galaxy Digital’s Christine Kim discusses Ethereum’s highly anticipated merge to proof-of-stake following a statement from core developer Tim Beiko that it will not be delivered in June. Kim explains the complexity of this shift, how it will reduce Ethereum’s energy consumption and the impact it could have on investors and traders.