DEXs Have Grown the Most as Competition Among Crypto Exchanges Intensifies: Chainalysis
The majority of DEX users are professional crypto traders looking for “new sources of alpha,” said one analyst.
What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets
Launching a truly “global” stablecoin is likely to get more difficult in the coming year as a result of the guidance, which advises regulators to keep such projects on a short leash.
DAO Backed by Deadmau5 to Launch on Multiple Platforms
The initiative is aiming to bring DAO governance to the music industry.
FATF Publishes Crypto Anti-Money Laundering Guidance
The Financial Action Task Force (FATF) has published its revised guidance for crypto firms, further clarifying the definition of Virtual Asset Service Providers (VASPs), DeFi, stablecoins, and NFTs. Association of Certified Anti-Money Laundering Specialists (ACAMS) Executive Director Rick McDonell discusses the world of crypto and anti-money laundering (AML), breaking down the key points of the recommendations.
Solana Wallets Phantom, Solflare Eye Mobile for Growth
Phantom is launching a wallet app; Solflare’s is already live. Both projects see mobile as critical to expanding crypto’s reach.
Cadenza Ventures Launches $50M Crypto Fund for DeFi and Blockchain Projects
The fund is anchored by Van Eck Associates, with participation from Solana and Dapper Labs.
Acting Comptroller of the Currency Michael Hsu on Stablecoin Risks, Innovation, Regulation
Acting Comptroller of the Currency Michael Hsu breaks down the President’s Working Group on Financial Markets' (PWG) long-anticipated stablecoin report published last week, which proposes rigorous new oversight of stablecoin backing. He shares insights into stablecoins' operational risks, financial and technological innovation, and potential regulatory approaches. Plus, his views on DeFi.
Maple Finance Launches Permissioned Institutional Lending Pool With BlockTower, Genesis
The KYC-AML compliant pool is BlockTower’s first effort at addressing a multi-trillion dollar opportunity.
Sequoia Jumps Into Token Plays With Investment in DeFi Project Parallel
June filings show the VC giant has a relationship with Coinbase Custody.
DeFi Lender bZx Suffers Hack for Reported $55M
bZx tweeted that a private key controlling the protocol’s deployment on Polygon and Binance Smart Chain was breached.
