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.
💵 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! 👋♦️👋
