Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between May 28th and June 4th, 2023.
Welcome to the 147th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between May 28th and June 4th, 2023.
🔥 The DeFi Bulletin
The EU has signed new crypto licensing and money laundering rules into law.
Robert Kennedy Jr. slammed the SEC for its action with crypto, claiming it protects banks instead of the American people.
Discussion draft legislation may have outlined regulatory clarity for crypto and a path forward.
Credit Suisse and the Deutsche Bank-backed Taurus have deployed their project on the Polygon chain.
The Uniswap community did not pass the fee switch proposal in a feedback poll.
Curve.fi Governance has released a proposal to increase the $crvUSD debt ceiling and add a $wstETH market.
The TON Foundation has proposed burning 50% of validator rewards to fight network inflation.
Skale Network has introduced an Ethereum ZK-Rollup named Levitation Protocol.
Magic closed a $52M funding round, aiming to grow crypto "wallet-as-a-service" used by companies like Mattel and Macy's.
Transak, a payments firm, raised $20M in funding.
Demox Labs has announced its $4.5M funding round and aims to use the funds to build a next-gen crypto wallet.
zkMe secured $2M in funding, hoping to revolutionize credential verifications with zero-knowledge proofs.
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).
💵 State of the Stablecoins
The team behind the Offshore Yuan and the Hong Kong Dollar stablecoins was detained by Chinese police.
Circle stated it's natively launching $USDC on Arbitrum.
Thanks for reading, and be sure to catch the 148th issue of The Defiprime Post out this time next week!