Daily Bits

CRV jumped after Curve Finance founder faced $27M liquidation and subsequently had repaid most of the debt.

Eigen Labs has acquired the Rio Network team, enhancing its mission to create an open, verifiable cloud.

Lido, in collaboration with Mellow Finance and part of the Lido Alliance, has launched advanced DeFi strategies for stETH holders, including innovative restaking vaults.

The OP Mainnet has implemented permissionless fault proofs, marking its progression to Stage 1 decentralization.

Hong Kong asset managers are working to include staking within their spot ether exchange-traded funds (ETFs) in the hope of getting the staking reward feature approved this year, according to Animoca Brands Chairman Yat Siu.

Telegram has launched a new in-app currency called Stars, which can be purchased with fiat and used to buy digital goods and services within Telegram mini apps.

Paxos has launched a new yield-generating stablecoin, the Lift Dollar (USDL), which is regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) and issued in the UAE

StarkWare, renowned for its contributions to Ethereum's scalability, has introduced an ambitious strategy to enhance Bitcoin's transaction capacity using a contentious opcode known as OP_CAT, originally devised by Satoshi Nakamoto but removed in 2011 due to potential security risks.

Mo Shaikh, CEO of Aptos Labs, has been appointed to the CFTC's Digital Assets Markets Subcommittee, which is part of the broader Global Markets Advisory Committee formed in 1998.

Ethena Labs has launched its synthetic dollar on the Ethereum Layer 2 network, Blast, introducing native yield, lending, and trading functionalities for USDe and sUSDe across various DeFi protocols.