The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Tuesday! It's eerily quiet in the crypto market as participants await a fresh catalyst, giving you the perfect opportunity to catch up on the industry's latest.
In today's newsletter, Unichain goes live on mainnet, Fed Chair Jerome Powell calls for a 'fresh look' at crypto debanking, Binance and the SEC file a joint motion to halt their legal dispute and more.
Meanwhile, the Trump-supported DeFi project World Liberty Financial partners with Ondo Finance to expand tokenized RWA adoption.
Let's get started.
Uniswap Labs, the development team behind the largest Ethereum-based decentralized exchange, Uniswap, has launched its Layer 2 Unichain on mainnet, marking its second major product release in two weeks following Uniswap V4.
Federal Reserve Chair Jerome Powell said he and his colleagues are "struck" by the increasing prevalence of debanking in the crypto industry, sometimes referred to as "Operation Chokepoint 2.0," and a "fresh look" at the issue was required.
Binance and the SEC have filed a joint motion to pause their legal case for 60 days in consideration of the agency's new crypto task force and its impact on the regulatory landscape.
NFT marketplace OpenSea denied rumors that it would require a KYC identification process for users to participate in a potential token airdrop following outrage from some community members.
The Central African Republic's official memecoin, CAR, has collapsed around 97% from its peak less than two days after its launch, dropping from a market cap of $894 million to around $29 million on Tuesday.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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