“Gemini urges all the parties as we know to keep in mind that each delay has actual people separated from their investments,” said Anson Frelinghuysen, a partner at Hughes Hubbard & Reed’s who represents Gemini. “Gemini’s patience, just like the patients of its Earn users, is wearing thin.”

Despite the cuts, the company still has several years of runway as it looks to build a sustainable operation, Svanevik said. The company has raised a total of $88.2 million over four funding rounds over the years, led by crypto investment firms such as L1 Digital and Old Fashion Research, Crunchbase data shows.

“By harnessing Binance’s expertise together with Gulf’s established local presence and network, Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users, Binance Head of Asia, Europe, and MENA Richard Teng said in a statement. Gulf Energy is one of Thailand’s largest private power producers.

Etonec’s partnership with decentralized exchange Lumina DEX will use zero-knowledge technology to create a sort of permissioned pool, a liquidity pool market that is compliant with AML regulations. This will hopefully allow the DeFi community to attract more institutional investors to the space and grow, Jonathan Knoll, co-Founder and head of strategy at Etonec, told CoinDesk.

Layer-1 blockchain Kava’s native token, KAVA, has surged nearly 40% over the past week as its network prepares to undergo a major mainnet upgrade.

That educational initiative will complement Cookbook’s existing offerings, including its platform which gives developers tools to sift through thousands of open-source smart contract templates and access documentation about how to operate those contracts. Those tools allow developers to secure, “battle-tested” codes that support the projects they’re building, Tagus Capital General Partner Leon Mirochnik said in a press release.

Uniswap v2 has nearly $1.2 billion total value locked and has averaged roughly $367 million in daily volume on Ethereum during the past week, DefiLlama data shows. Meanwhile, Uniswap v3, which is deployed on SushiSwap, Curve, Balance and PancakeSwap, among other networks, has roughly $2.9 billion total value locked.

“This is a significant security enhancement for the entire DeFi industry because it eliminates manual bridging as a point of vulnerability that is often exploited,” Derek Yoo, CEO of PureStake, a development team for Moonbeam, said in the release.

According to those documents, the NBCTF confiscated in January an undisclosed amount of crypto from two accounts with alleged links to Daesh, a terrorist group based in Syria and Iraq. Other government records, dating as far back as 2021, allege more than 100 of the seized Binance accounts had ties to Hamas, an armed Palestinian group that has often clashed with the Israeli Defense Forces.

The version 3 (v3) concentrated liquidity pools will become available on popular chains, including Ethereum, Arbitrum and Polygon, BSC and Avalanche. The launch aims to expose liquidity providers to larger trading volumes and liquidity while reducing exposure to financial risks. The pools are designed to offer greater flexibility to traders, SushiSwap Business Development Lead Alex Shefrin told CoinDesk.

Optimism, an Ethereum-based layer-2 blockchain, will use Ethereum Attestation Service (EAS), an on-chain attestation protocol, that will enable users to assess the trustworthiness of the platform’s users and vouch for whether something actually happened on the blockchain, as per a release sent to CoinDesk.

At the federal level, the Securities and Exchange Commission has taken action against prominent industry players including centralized crypto exchanges Bittrex, Kraken and Gemini, crypto lender Genesis (which is owned by CoinDesk parent company Digital Currency Group) and individual actors such as Tron founder Justin Sun in recent months, deepening an existing digital asset market downturn.

Its success in securing VC funding pre-launch has invited comparisons to Aptos, another relatively young blockchain with a large VC backing. Both blockchains were designed by teams from Diem, Meta’s failed stablecoin gamble, formerly known as Libra, that was shelved by the tech giant in 2022. And Move, a Rust-based programming language that was developed at Meta, undergirds both networks.

The former NSA whistleblower, who joined the conference virtually from Russia, shared his cautiously optimistic views on the future of AI, the technology that exploded into the mainstream after OpenAI’s ChatGPT roll out last fall. While Snowden at times echoed some experts’ warnings that AI technologies might empower bad actors, he also considered positive use cases for the emerging technology.

Rebecca Rettig, chief policy officer at Polygon, warned the tougher regulatory environment could fuel a mass exodus of crypto companies from the U.S. However, the U.S.’ loss will hopefully be another country’s gain, she said.

The values of Web3 are generally understood to be the promotion of decentralization, transparency and self-sovereignty. But those values won’t be the only driver of the mass adoption of the internet’s next iteration, according to Mathieu: The movement must also adopt a business model that responds to the needs of the next generation of internet users. Citing the landmark release of the iPod, which put 1,000 songs in your pocket, Mathieu alluded to Web3 still needing its killer app.

“V3 helps us make tokenomics more efficient [and] vice versa. With v3’s improved capital efficiency and improved and sustainable tokenomics, we will scale growth across our more than 30 supported networks,” Grey said.

The new offering, delegated staking, allows users to earn staking rewards without running nodes themselves. It also lowers the amount of the blockchain’s native token, aptos (APT), needed to participate in staking. Now users will only need 11 APT, worth roughly $117 at publication time, to stake their tokens with the blockchain.

“Onboarding Binance as the newest node operator provides Polymesh with a massive boost in visibility, credibility, and security,” Graeme Moore, head of tokenization at Polymesh, said in a press release Thursday announcing the partnership.

The token is trading at $2.70 at publication time, up 1.6% over the past 24 hours and versus around $2.55 just prior to the announcement. Interestingly, the sizable move higher in OP began about 45 minutes prior to the 10:49 am ET post from a16z, according to data from Coinmarketcap.

Ledger, an offline private-key storage company, is working with crypto custodian Etana Custody to offer secure, regulated cryptocurrency custody for institutional clients in the U.S., according to a Wednesday press release.

“We believe that everyone should have a say in the direction of our company, regardless of the amount of tokens they hold, their knowledge of Web3 governance or wallet connection,” co-founder Oleg Fomenko said in a press release.

“Our aim as a foundation is to increase awareness about the blockchain, not only with the developers community … but also with the rest of the world, which is entrepreneurs, startups, corporates, governments,” Siourounis said.

The Uniswap mobile wallet will allow users to buy cryptocurrencies for fees as low as 2.55%, nearly half what some competing DeFi protocols charge, Uniswap said in the release. Users can also swap funds on popular DeFi platforms, including Polygon, Arbitrum and Optimism. The wallet features in-app token price and NFT data, allowing users to favorite tokens and wallet addresses so they can track the trading activity that matters most to them.

“The distributor has been operational for over a year, with a significant decrease in claim activity,” SushiSwap’s website reads. “To prevent idle assets, setting a deadline for claims and implementing a clawback is necessary.”

“In recent times, address poisoning attacks have phished unsuspecting users and spammed everybody else,” said Etherscan. “Preventing scams and attacks in a neutral and scalable way is an infinite cat-and-mouse game.”

BlockSec recovered the 100 ETH on Sunday by intercepting a transaction from prominent SushiSwap user @0xsifu’s wallet to the hacker’s wallet. BlockSec detected malicious activity during the attack attempt and was able to effectively rescue part of the funds. As such, SushiSwap lead developer Jared Grey said on Sunday that the protocol is working on a retrieval plan to secure the stolen funds and make affected users whole.

Cortina isn’t the only news in the Avalanche ecosystem this week. It also released “Evergreen Subnets,” a series of tools designed for financial institutions.