Matter Labs co-founder and CEO Alex Gluchowski has proposed an Ethereum court system resembling a hierarchical court system similar to the real world. In a Sept. 2 post on X (Twitter), Gluchowski floated the idea for an “Ethereum Supreme Court” — which would work similar to the United States Supreme Court — serving as a final stop for parties to…
The co-founders of blockchain gaming platform Gala Games have locked horns in court over two separate lawsuits, one alleging the theft of $130 million worth of Gala (GALA) and the other, alleging corporate waste. On Aug. 31 Gala co-founders Wright Thurston and Eric Schiermeyer, also the firm’s CEO, filed lawsuits against one another in a Utah District Court. On behalf…
A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana (SOL) network to Ethereum, sparking concerns it could be the beginning of a series of token dumps amid the exchange’s bankruptcy proceedings. According to data from blockchain analytics platform Arkham Intelligence, since Aug. 31, the FTX wallet has transferred $6.23 million…
Liquid staking solution Lido Finance now accounts for about a third of all staked Ethereum (ETH), and that is making some community members worry. The increasing clout of Lido, they say, is undercutting the decentralized character of Ethereum as a whole. “Lido may be the biggest attack on Ethereum’s decentralization (‘credible neutrality’) in our entire history,” said Evan Van Ness,…
Binance CEO Changpeng Zhao, better known by his initials CZ, is not intimidated by the recent storm of regulatory and media scrutiny aimed at his company. Instead, he sees an opportunity for Binance to prove its merits as it faces what he says is FUD. In a Twitter Spaces event on Friday, CZ accused Binance’s critics of attempting to paint…
MakerDAO’s controversial endgame inches closer. A multi-year Maker protocol overhaul, dubbed “Endgame,” is reaching its final phase, according to protocol co-founder Rune Christensen—setting the stage for the resurgence of a timeless rivalry. “The last phase of Endgame is the launch of a native blockchain for Maker with the codename NewChain,” tweeted Christensen late Friday. The crux of the controversy lies…
Stable Diffusion has quickly become the preferred image generator for people deeply interested in the world of artificial intelligence-generated visual art. The powerful software’s flexibility, high compatibility with emerging technologies, and ability to run locally have earned it a privileged spot among AI enthusiasts. Most implementations are optimized for Windows, however, given that graphics card maker Nvidia currently dominates the…
A man from Hawaii has been charged by the Securities and Exchange Commission for a scheme in which he allegedly pumped up the price of unsecured loans by spreading fake press releases that promised high returns for early redemptions. He also lied about converting the loans into a cryptocurrency, the agency said. The SEC’s New York office charged Jeremy Koski…
Illustration by Mitchell Preffer for Decrypt It was another relatively quiet week in the markets and over on Twitter. The biggest noise in crypto news was heard on Tuesday, when a judge told the U.S. Securities and Exchange Commission (SEC) that its denial of crypto asset manager Grayscale’s spot Bitcoin ETF application would have to be reviewed. The Federal appeals court said…
Illustration by Mitchell Preffer for Decrypt It was another relatively quiet week in the markets and over on Twitter. The biggest noise in crypto news was heard on Tuesday, when a judge told the U.S. Securities and Exchange Commission (SEC) that its denial of crypto asset manager Grayscale’s spot Bitcoin ETF application would have to be reviewed. The Federal appeals court said…
