Welcome to the latest edition of our newsletter, where we dive into the world of decentralized finance (DeFi) and explore the ever-evolving landscape of blockchain-powered financial solutions.
Draft Legislation begins the path to regulatory clarity: Proposed legislation aims to provide regulatory clarity for the DeFi industry, which could have implications for how DeFi platforms and projects are regulated and operate.
Binance accused of mishandling funds and lying to regulators by the SEC: The SEC accuses Binance, one of the largest cryptocurrency exchanges, of mishandling funds and providing false information to regulators, raising concerns about regulatory compliance in the industry.
Coinbase v. SEC: Coinbase, another major cryptocurrency exchange, is engaged in a legal battle with the SEC over its proposed lending product.
CFTC wins Ooki DAO case: The Commodities Futures Trading Commission (CFTC) achieves a legal victory in a case involving Ooki DAO, asserting its jurisdiction over certain aspects of the DeFi ecosystem.
Curve Finance CEO sued by 3 DeFi VC firms: The CEO of Curve Finance, a decentralized exchange protocol, faces a lawsuit filed by three DeFi venture capital firms, indicating potential disputes and legal challenges within the DeFi space.
Judge dismisses case against PoolTogether: A case against PoolTogether, a decentralized lottery protocol, is dismissed by a judge, highlighting the legal complexities and uncertainties surrounding DeFi projects.
Gensler: ‘We don’t need more digital currency’: Gary Gensler, the chairman of the SEC, expresses his view that there is no need for additional digital currencies, suggesting potential regulatory skepticism towards new cryptocurrencies and tokens.
Uniswap v4: New drama around BSL license and what exactly we can call an open-source.
🔗 Noteworthy Links
Binance accused of mishandling funds and lying to regulators by the SEC
Opinion: Gensler must recuse himself from digital asset enforcement decisions
Stablecoins and DeFi are likely to be the main targets of the SEC crackdown
BlackRock has touted the ‘monumental’ impact of tokenization
Ethereum developers consider raising the max validator limit from 32 ETH to 2048 ETH
Tether: Everything you need to know about what we shared with NYAG
Horizen is to change its blockchain to drop the ‘privacy coin’ label
Phuture is a decentralised protocol that simplifies crypto asset investment through its on-chain index fund products; offering passive exposure with best-practice methodologies, monthly rebalancing, and optimised yields. Phuture’s product range includes Phuture DeFi Index (PDI), Colony Avalanche Index (CAI), and USDC Savings Vault (USV).
💸 Venture Financing
Demox Labs raised $4.5M in funding, aiming to build the next-gen crypto wallet.
Lens Protocol secured $15M in funding, hoping to expand the ‘social layer’ of web3.
Concordia, a DeFi Protocol, closed a $4M funding round.
Maverick Protocol, an infrastructure-focused startup, announced its $9M funding round.
Vertex Protocol, a DEX, received an undisclosed amount in strategic funding.
AlloyX launched its real-world asset vault after its previous $2M pre-seed funding round.
Hook raised $3M in funding, alongside announcing its treasure hunt event.
🗓️ Upcoming DeFi Events
DeFi Security Summit 2023 - 15 Jul 2023 - Paris, France
EthCC 2023 - 17 Jul 2023 - Paris, France
DappCon 2023 - 11 Sep 2023 - Berlin, Germany
Permissionless 2023 - 11 Sep 2023 - Austin, US
Mainnet 2023 - 20 Sep 2023 - New York City, US
ETHMiami 2023 - 27 Oct 2023 - Miami, US
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