Stripe To Support USDC Payments
Stripe will initially support USDC payments on Ethereum, Solana, and Polygon PoS.
Stripe to support USDC payments.
Consensys sues the SEC.
The FBI issues a PSA on crypto transmitters.
Fluidkey launches on Base.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
Stripe has unveiled plans to introduce support for global stablecoin payments, initially supporting USDC on Solana, Ethereum, and Polygon. During the Stripe Sessions annual conference, co-founder John Collison demonstrated the new feature, which allows connections to wallets like MetaMask, Coinbase Wallet, and Rainbow. Transactions in USDC will be settled onchain and will be automatically converted to fiat currency. Businesses interested in adopting crypto payments can join a waitlist to be early adopters of this feature, slated for release this summer. Stripe already supports fiat-to-USDC payouts.
Consensys, a key provider of Ethereum infrastructure, has filed a lawsuit against the U.S. Securities and Exchange Commission, citing the agency’s excessive regulatory overreach. The lawsuit challenges the SEC's inappropriate expansion into regulating Ethereum, asserting that Ethereum is a commodity, not a security. It also seeks to address the disruption caused by the SEC’s actions to those developing on Ethereum. The lawsuit argues that self-custody applications like MetaMask should not be classified as securities brokers. The SEC’s overregulation has stifled growth in blockchain. Coinbase has similarly filed lawsuits against the SEC over the past year.
The FBI issued a public service announcement advising against the use of money-transmitting cryptocurrency services that are not registered as Money Services Businesses (MSB). The agency says that users of the unregistered services might face disruptions if the services are targeted and seized by law enforcement. The warning comes one day after the agency arrested developers behind a privacy-focused Bitcoin wallet. The FBI says users should verify whether a crypto service is registered with the Financial Crimes Enforcement Network (FinCEN) as an MSB and advised users to avoid platforms that do not implement know-your-customer (KYC) requirements.
Fluidkey, a provider of transaction privacy tools, launched a beta version of its app on Base. Users can access the beta release between now and April 27th to register for a privacy-focused fkey.eth ENS subdomain. Fluidkey enhances privacy by automatically rerouting payments made to a private ENS to a new address under the user’s exclusive control. In addition to Base, Fluidkey is also live on Ethereum, Arbitrum, Polygon, and OP Mainnet.
Base holds second-most USDC
Magic Eden goes live on Base
Robinhood supports swaps into Arbitrum
DeFiSaver supports Compound on Base
Nethermind v1.26 release
EigenLayer AVS explorer
Astaria launches on Mode
Zora pay with ETH for ERC20 mints
Movement raises $38m Series A
AlignedLayer raises $20m Series A
Renzo Protocol's ezETH Faces Depeg
The depeg was triggered by a sell-off and the lack of support for withdrawals from the protocol.
Renzo Protocol's ezETH faces a depeg.
Chainlink’s CCIP opens for general availability.
Pooled stakers can now claim their STRK airdrop.
TreasureDAO launches Treasure Chain on testnet.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
Renzo Protocol experienced a significant depegging event with its ezETH liquid restaking token, which dropped by as much as 80% during a brief peak. The token has largely stabilized but currently trades at a 4% discount. The depegging was triggered by a sell-off and the lack of support for withdrawals from the protocol. This incident resulted in liquidations for positions in derivative markets, leading to over $50 million in losses for users with leveraged ezETH positions. Users have voiced their dissatisfaction with the protocol’s tokenomics and misleading representations in a pie chart. While the protocol has not directly addressed the depeg, they have announced that mainnet withdrawals are a main priority.
Note: Renzo published an update after this newsletter was released.
Chainlink's Cross-Chain Interoperability Protocol (CCIP) is now open for general availability, allowing developers to integrate permissionless cross-chain token and message transfers. The interoperability standard enables smart contracts to send data and trigger functions on different chains and supports token transfers for ETH and USDC. Applications for CCIP include cross-chain transfers, cross-chain collateral, and account abstraction. CCIP provides a token-bridging application called Transporter and features three transfer mechanisms. CCIP initially launched to mainnet early access in July 2023. The protocol has processed over $4 billion in USDC volume.
Pooled stakers and StarkEx users who were previously mislabeled can now claim their STRK token airdrop through the Starknet provisions portal. The STRK token was launched by Starknet on February 20 of this year. While Ethereum stakers were initially included in the allocation, an issue arose that prevented liquid staking protocols from distributing the tokens to their users. The Starknet provisions portal has been updated to support stakers from pooled protocols such as Lido, Rocket Pool, Ankr, Blox, SharedStake, Stakefish, and Consensys, allowing them to claim their tokens. There is a claim cap at 43,200 STRK per wallet. The deadline for claiming STRK is June 20th, 2024.
TreasureDAO, the leading gaming platform on Arbitrum, launched the initial testnet version of Treasure Chain. The L2 chain is built on Arbitrum Orbit and uses EigenDA for data availability. The release includes the Treasure Portal—a user interface comprising of a bridge, an explorer, and a faucet for interacting with the testnet. The release also includes the launch of Shards, a new rewards system that allows users to earn points by completing quests on the testnet. Treasure Chain is anticipated to launch on mainnet in Q3 of this year.
DOJ arrests Samourai developers
ENS Integrates .box Domains
.box is a top-level domain designed to link ENS domains with their corresponding ICANN domains.
ENS integrates .box domains.
Safe launches the Safe{Pass} program.
Spark Protocol introduces Spark Hub.
Renzo announces details for its $REZ.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
ENS integrated the ability to discover and register .box domain names directly through the ENS manager web app. .box is a blockchain-native and ICANN-approved top-level domain (TLD) designed to connect ENS domains with their corresponding ICANN domains. The integration aims to help users shift from web2 to web3 domains. Once registered, .box domains are tokenized as NFTs on OP Mainnet, representing ownership of the underlying domain. The domains also retain traditional web functionalities through ICANN DNS resolution. Additionally, ENS DAO earns a referral fee for every .box domain registered through the ENS web portal.
Safe launched Safe{Pass}, a new incentive program designed to reward users for using Safe and interacting with the Safe ecosystem. Users can earn points by using their Safe smart accounts. Users who lock SAFE tokens will receive a points booster. The SAFE governance token is now transferable and has a market cap of $1 billion. Safe{Pass} users will be able to redeem their points for perks, such as early access to beta features, sponsored transactions, and exclusive event invitations. The first season of Safe{Pass} is live from now until September 30, 2024. Ecosystem Safe{Pass} partners include EigenLayer, ENS, Den, Euler, and DeFi Saver.
Spark Protocol launched Spark Hub, a revamped front end for interacting with MakerDAO-powered DeFi products. Spark Lend allows users to borrow DAI using high-liquidity collateral assets. Spark Lend features a single-step deposit-to-borrow flow, risk management tools, and a dashboard for monitoring positions. Spark Cash and Savings is a product that leverages the DAI Savings Rate (DSR) to create a banking-like service where users can deposit DAI, USDT, and USDC to earn yield. Spark Protocol is built on the Aave V3 codebase and taps into Maker’s DAI Direct Deposit Module (D3M) as a credit line for accessing DAI liquidity.
Renzo Protocol, the second-largest liquid restaking protocol by TVL, announced the launch details for its REZ governance token. Starting May 2nd, eligible restakers will be able to claim REZ tokens based on their accumulated ezPoints. As part of the airdrop, 500 million REZ tokens, which represent 5% of the token's total supply of 10 billion, will be distributed. Renzo stated that users who sell their ezETH holdings before April 26th will not qualify for the claim. Wallets in the top 5 percentile will also have half of their tokens vested over 6 months. An additional 5% of the token supply will be evenly divided between a Binance launch pool and for liquidity. Since launching in the first quarter of this year, Renzo has attracted over $3 billion in deposits from 250,000 users.
IDriss supports cross-chain donations
Lodestar v1.18.0 release
Open-sourcing Forge AlphaNet
Gelato Node-as-a-Service (NaaS)
BA and CFAT lawsuit against the SEC
EtherFi commits $100m to Obal validators