What's Wrong With PayPal's Stablecoin?
If PYUSD is to gain true and lasting traction, the newly minted stablecoin issuer needs to address certain centralization concerns, Kima Chief Technology Officer Guy Vider writes.

Dunhill Family Office Makes Bear Market Bet on Crypto
The family office is investing through its Dunhill Ventures subsidiary into Lichtenstein-regulated VC firm Mocha Ventures.

Will the CFTC Blot Out DeFi in the U.S.?
Recent actions by the agency raise impossible questions for decentralized finance platforms.

CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep
The U.S. derivatives markets regulator targeted three companies, including one from which the CFTC hired a lawyer who ran its technology research division.

Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.

Find Who’s Responsible for DeFi Projects and Regulate Them, Global Securities Body Says
IOSCO worries decentralized financial applications could harm investors and markets – and casts doubt on their main premise

Publicly Traded Korean Firm Neowiz To Build Games on Avalanche Network
Intella X, Neowiz’s Web3 arm, has joined Avalanche Arcad3 to build blockchain games in the crazed market.

DeFi and Credit Risk
This potentially disruptive sector must set aside some of its lofty ideals, for now, and focus on financial solutions with demonstrable global demand and adoption.

DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce
Synapse's SYN token recovered its losses after 9 million were sold by a liquidity provider identified as Nima Capital by the protocol.

Anoma Foundation Plans to Launch Privacy-Focused Namada Blockchain
The mainnet joins the ranks of at least 50 other blockchains in the crypto ecosystem as of Tuesday.
