Foresight Daily
Silvergate Bank will gradually wind down operations and voluntarily liquidate in an orderly manner, including full repayment of all deposits, in accordance with applicable regulatory procedures.
Crypto payroll compliance company Toku has completed a $20 million Series A funding round, with investors including Blockchain Capital and GMJP.
Vitalik Buterin’s fund has donated $15 million USDC to the University of California, San Diego for research into airborne pathogens.
Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that if Congress does not pass comprehensive digital asset regulation, fiat-based stablecoins will be treated as commodities.
The Japanese financial regulatory agency has filed an administrative lawsuit against FTX Japan, demanding that it retain domestic assets by June 9.
Mt. Gox’s largest creditor, Mt Gox Investment Fund, plans to hold rather than sell the bitcoins it will receive as compensation this year. The fund chose to receive early payment in September rather than wait for all lawsuits to be resolved. It will receive 90% of Mt. Gox’s remaining assets, approximately 70% in bitcoin and 30% in cash.
Investors who shorted Silvergate have made nearly $800 million in profit.
President Biden may propose changing the tax treatment of crypto transactions to raise $24 billion.
Coinbase has launched a “wallet-as-a-service” business that combines multi-party computing and allows companies to customize blockchain wallets for their clients.
Multi-chain DeFi management protocol Instadapp has launched the Avocado smart contract wallet.
the deadline for filing a claim for compensation in the Mt. Gox case has been extended to April 6th.
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Articles
“A Deep Dive Into Fantom”
Given Fantom’s gradual capture of more dApp developers’ attention, the Fantom ecosystem has a high chance of expanding exponentially in the future, increasing demand and value for its native FTM token.
“Decentralized Exchanges Four Months After FTX”
Our analysis of fundamental DEX metrics 4 months after FTX’s collapse do not yet reveal an immediate shift in user behavior and adoption. Having said that, the fall of FTX has created greater awareness of the resiliency offered by on-chain alternatives, and their ability to retain liquidity of user funds without an intermediary.
“Dust on Crust”
It is my sincere hope that a team of motivated individuals starts work on such a product. This is not something that should be owned (e.g., via large governance token holdings), or led by any of the large, centralised exchanges. If I see any credible, independent team working on a similar product, I will do all that is in my power to help them bring it to fruition.
“Withdrawals Are Coming!”
We break down the potential impacts of ETH’s next big upgrade.
“Me And My Digital Self”
Instead of looking at my digital identity as me, I look at it as something that co-exists alongside me.