Restaking promises yield but delivers only stacked risk and no real value
Restaking yields come from token emissions and VC incentives, not productive activity. Complex models concentrate power among large operators, while compounding risk cascades.
Farcaster to return $180M to investors following Neynar takeover
Decentralized social network Farcaster remains operational after its acquisition by Neynar and confirmed plans to return $180 million in capital to investors.
Binance applies for MiCA license in Greece as EU deadlines loom
Binance applied for a MiCA license in Greece shortly after France flagged the exchange as still unlicensed under MiCA ahead of June compliance deadlines.
Ledger said to be in talks with Goldman Sachs, Barclays on US IPO: FT
The Financial Times reports that Ledger is planning a US IPO at a $4 billion valuation as hardware wallet demand increases amid crypto fraud and hacks.
Bitcoin miners brace for major ice storm across southern US
Bitcoin miners have powered down to ease the load on the grid in the past, such as in 2022, when Texas miners curtailed their activities amid a major winter storm.