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Lido launches stablecoin yield product to expand beyond ether

Lido has introduced a new stablecoin yield product aimed at diversifying its offerings beyond Ethereum. This product allows users to earn yields on stablecoin deposits, enhancing Lido's portfolio in the decentralized finance (DeFi) space. The initiative is part of Lido's strategy to attract a broader user base and increase its market presence. By expanding into stablecoins, Lido aims to provide more options for investors seeking stable returns in the volatile crypto market.

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Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

Authorities have frozen $3.5 million in cryptocurrency linked to the "SocksEscort" proxy network, which was involved in facilitating cybercrime. The operation was a collaboration between Europol and the U.S. Department of Justice (DOJ), targeting the network that provided anonymous internet access for illicit activities. The crackdown

Optimism Team Lays Off 20 Employees Amid Ethereum Scaling Shifts, Base Migration Plans

The Optimism team has laid off 20 employees as part of a strategic shift in response to changes in Ethereum scaling and plans for migrating its Base layer-2 solution. This decision comes as the company aims to streamline operations and focus on its core objectives. The layoffs represent approximately 10%

Ethereum layer-2 developer OP Labs cuts roles to 'narrow focus'

OP Labs, the developer behind the Ethereum layer-2 scaling solution Optimism, has announced a reduction in its workforce to streamline operations and concentrate on core projects. The company aims to enhance its focus on building essential infrastructure for the Optimism ecosystem. This decision comes amid a broader trend in the

U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House

The U.S. Senate has voted to ban Central Bank Digital Currencies (CBDCs) in a housing bill, reflecting concerns over government control of digital currencies. The provision aims to prevent the Federal Reserve from issuing CBDCs that could potentially infringe on individual privacy and financial freedom. However, the bill may

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Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

Optimism Team Lays Off 20 Employees Amid Ethereum Scaling Shifts, Base Migration Plans

Ethereum layer-2 developer OP Labs cuts roles to 'narrow focus'

U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House