DeFi


Layer 2

Ethereum Is No Longer a One-Chain Ecosystem

Some highlights from The Year in Ethereum 2021 report by Evan Van Ness and Josh Stark.

(RobertoDavid/iStock/Getty Images Plus)

Finance

Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business

The “Argo Labs” unit will be funded internally and focus on blockchain-related, non-mining projects.

(Yuichiro Chino via Getty Images)

Markets

DeFi’s Wonderland Is Buying TIME

The Olympus fork saw its TIME token drop below its treasury-backed value on Monday, spurring liquidations and protocol intervention.

magic, frog

Markets

Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two

In yet another example of the crypto industry's tendency to combine innovation with leverage, the new "Squeeth" index (for squared-ether) turns the options trade into a perpetual contract and can be used as a hedge.

Financialization means big directional bets and lots of leverage, propped up by a hype campaign. In crypto, those bets are often followed by a hard landing. (Creative Commons)

Finance

NFT Marketplace OpenSea Acquires DeFi Wallet Firm Dharma Labs

Dharma co-founder Nadav Hollander will serve as OpenSea's chief technology officer.

Dharma Labs team

Finance

Brazilian Asset Manager Hashdex to Launch DeFi ETF Including UNI, AAVE and COMP

The product will be listed on the Brazilian stock exchange B3 as of February.

Brazilian flag (Mateus Campos Felipe/Unsplash)

Policy

Chinese Police Arrest 8 People Related to $7.8M Rug Pull

Police in Anhui province froze RMB 6 million in assets related to a rug pull with hundreds of victims.

China's crypto crackdown put digital-asset traders on the defensive. (Creative Commons, modified by CoinDesk)

Tech

Multichain Says $1.4M in Ether Siphoned From Users Who Failed to Update Approvals

The cross-chain bridge urged users to remove approvals for six tokens after it was alerted to a security flaw.

Multichain is building bridges for shuttling crypto across networks. (Modestas Urbonas/Unsplash)

Policy

BIS Chief: Central Banks Are Best Sources of Trust in Money in a Digital Age

“The soul of money belongs neither to a Big Tech nor to an anonymous ledger," said Agustín Carstens.

Agustin Carstens, general manager at the Bank for International Settlements (Bloomberg via Getty Images)

Finance

Crypto Influencer Cooper Turley Removed From FWB Over 2013 Bigoted Tweets

Turley, once an adviser to the influential crypto social club Friends With Benefits, is taking a step back.

Cooper Turley (Leon Bennett/Getty Images)