In the past 12 hours, several significant developments have occurred in the cryptocurrency world. Grayscaleâs $ETHE experienced a massive $484M outflow on its first day, mirroring the initial impact seen with the launch of Grayscale's $BTC ETF, which had temporarily suppressed Bitcoin prices. Meanwhile, Kraken has successfully returned BTC and BCH to Mt. Gox creditors, with other centralized exchanges expected to follow suit soon.
In governance and project updates, $AAVE has started voting on the proposal to upgrade Aave v3 to v3.1, a move eagerly anticipated by the community. AltLayer ($ALT) announced a 6-month pause in their ALT token vesting schedule following the first unlock on July 25. Additionally, COTI ($COTI) has declared its participation in the Central Bank of Israel's CBDC project, showcasing its expanding influence in the fintech space.
Further noteworthy updates include Decred ($DCR) teasing the imminent launch of DEX V1, a significant milestone for the project. dYdX ($DYDX) is reportedly negotiating the sale of its deprecated V3 derivatives trading software to a consortium of major crypto market makers. In another development, Bitwise announced the adoption of an ENS domain for its custody addresses, enhancing transparency and security. Ethena ($ENA) proposed allocating a portion of its reserve to real-world assets (RWA), with BlackRock's BUIDL fund applying for $34M to provide RWA yields to Ethena. Finally, SSV Network ($SSV) has put forward a proposal for Simple DVT Expansion, aiming to use SSV tokens for network fees and
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