# Best of dlnews.com on Kiwi News

Page: https://news.kiwistand.com/source/dlnews.com

29 stories from dlnews.com have been shared on Kiwi News since 15 June 2023, with 78 upvotes and 10 comments in total. The latest was shared on 21 April 2026. They are listed below, most upvoted first.

Summaries are AI summaries of the linked article.

## 1. Ripple eyeing ‘multiple acquisitions,’ Ethereum-like upgrades to XRP Ledger

- Kiwi News: https://news.kiwistand.com/stories/Ripple-eyeing-multiple-acquisitions-Ethereum-like-upgrades-to-XRP-Ledger?index=0x68617c03c2235e6797fbdff2c54464adaf652dbbec0d93ba2934a02ef7d86cbb5aae8185
- Source: https://www.dlnews.com/articles/deals/ripple-eyeing-acquisitions-and-xrp-upgrades-similar-to-ethereum
- Shared 29 June 2025, 18 upvotes, 0 comments

Ripple is in talks for multiple acquisitions, according to Chief Technology Officer David Schwartz, who told DL News that the company has "multiple potential acquisitions in various different stages." Ripple bought prime broker Hidden Road for $1.25 billion in April and previously acquired crypto custody firms Metaco for $250 million and Standard Custody for an undisclosed amount. Schwartz also said the XRP Ledger is being made more "programmable," and Ripple is building a lending protocol for the ledger that is set to debut in the third quarter of the year, pending validator approval.

## 2. Railgun cracks new privacy feature requested by Ethereum Vitalik Buterin

- Kiwi News: https://news.kiwistand.com/stories/Railgun-cracks-new-privacy-feature-requested-by-Ethereum-Vitalik-Buterin?index=0x68e816771a8bf94af32766fc5784020f28903373940a296f36dc0f5593ee6a3a3d78e387
- Source: https://www.dlnews.com/articles/defi/railgun-cracks-zk-multisig-wallet-requested-by-ethereum-co-founder-vitalik-buterin
- Shared 9 October 2025, 7 upvotes, 1 comment

Railgun contributors have built a working prototype of a private multi-signature wallet on Ethereum, a feature that Ethereum co-founder Vitalik Buterin had called for at a Web3Privacy Now meetup in Tokyo. Alan Scott, co-founder of the Railgun Project, told DL News that the wallet hides which users control it and uses the same zero-knowledge proof technology that underpins the Railgun protocol. The design implements Flexible Round-Optimised Schnorr Threshold Signatures (FROST), a method originally created for Bitcoin. The team plans to build a user interface next and demo the wallet at the Devconnect Argentina conference in Buenos Aires.

## 3. France to ban users’ access to Polymarket: report

- Kiwi News: https://news.kiwistand.com/stories/France-to-ban-users-access-to-Polymarket-report?index=0x672c6fb447ee81761dff11504907e8054b32d644c43436725f863d24e5e466eb4fa2b7bf
- Source: https://www.dlnews.com/articles/regulation/france-to-ban-users-access-to-polymarket-website-report
- Shared 7 November 2024, 6 upvotes, 3 comments

France's gambling regulator, the ANJ, is reportedly preparing to ban access to Polymarket, the crypto-based betting platform, in France, according to a report from The Big Whale. The report cites an unnamed source close to the ANJ, who called Polymarket "a betting activity" and said "this is not legal in France." The regulator told The Big Whale it is currently examining Polymarket's operation and its compliance with French gambling legislation. The move follows a Frenchman known as Théo placing massive bets on a Trump victory, which earned him a $49 million payout.

## 4. Russia eyes digital ruble to break dollar’s grip on BRICS trade

- Kiwi News: https://news.kiwistand.com/stories/Russia-eyes-digital-ruble-to-break-dollars-grip-on-BRICS-trade?index=0x69906019d8765f8f005b7a9ca2aa742b5bc50b82a91106a598e4c52af8ebbaced5e97914
- Source: https://www.dlnews.com/articles/markets/russia-wants-digital-ruble-to-break-dollars-grip-on-brics-trade
- Shared 14 February 2026, 5 upvotes, 0 comments

Russia plans to use its central bank digital currency, the digital ruble, to trade with BRICS partners and reduce reliance on the US dollar, according to Timur Aitov, a member of the Russian Chamber of Commerce and chair of its Financial Market Security Committee. Aitov said BRICS countries need CBDCs to trade with one another, and the Russian central bank is targeting a September 1 rollout. He also said the Reserve Bank of India has recommended putting a proposal to link BRICS nations' CBDCs on the agenda of the upcoming New Delhi summit. Sberbank CEO German Gref has been skeptical of the digital ruble, and Russian central bank governor Elvira Nabiullina has ruled out stablecoins for domestic use.

## 5. Arweave acquires crypto social media app Odysee

- Kiwi News: https://news.kiwistand.com/stories/Arweave-acquires-crypto-social-media-app-Odysee?index=0x6661d91c9f8783ab49591b12affc1f5396a98998eab09d0f785a20216af3bfea22eb4096
- Source: https://www.dlnews.com/articles/web3/arweave-acquires-crypto-social-media-app-odysee-we-havent-won-until-it-replaces-twitter
- Shared 6 June 2024, 4 upvotes, 2 comments

Forward Research has acquired Odysee, a crypto-based YouTube competitor with about seven million users, to bring those users to the Arweave blockchain. Sam Williams, founder of Arweave and CEO of Forward Research, told DL News that the firm stepped in to save Odysee from going offline after US regulators forced the closure of LBRY, which had almost killed Odysee. Williams declined to disclose the acquisition terms. He described Arweave's "permaweb," which stores uploaded content permanently, as a natural fit for Odysee.

## 6. How crypto exchange Grinex shuttering poses ‘serious damage’ to Russian economy

- Kiwi News: https://news.kiwistand.com/stories/How-crypto-exchange-Grinex-shuttering-poses-serious-damage-to-Russian-economy?index=0x69e735d2894d5599d60f3e12be8b0857d0edce772c1801e536ac8ec82d6165a4056c228a
- Source: https://www.dlnews.com/articles/regulation/grinex-shutting-poses-serious-damage-to-russian-economy
- Shared 21 April 2026, 3 upvotes, 1 comment

Crypto exchange Grinex announced on Telegram that it would halt operations after allegedly suffering a cyberattack that robbed it of over 1 billion rubles, or $13 million. The platform, which handled nearly $100 billion in volume for the sanctioned stablecoin A7A5 in 2025, is the successor to the sanctioned exchange Garantex. Nick Harris, CEO of crypto asset recovery firm CryptoCare, told DL News that the closure removes an exchange Russian businesses relied on to convert rubles into usable international currency.

## 7. Why Vitalik Buterin wants Ethereum to stop changing. ‘It’s healthy’

- Kiwi News: https://news.kiwistand.com/stories/Why-Vitalik-Buterin-wants-Ethereum-to-stop-changing-Its-healthy?index=0x691efa6768235d9f07450b1b78dff8ea56b452fec926d0ca9027704808781985508dc771
- Source: https://www.dlnews.com/articles/defi/ethereum-cofounder-vitalik-buterin-favours-ossification
- Shared 20 November 2025, 3 upvotes, 0 comments

Vitalik Buterin argues that Ethereum's base layer should ossify over time, locking down core features to prevent changes that could introduce bugs, with innovation moving instead to layer 2s, wallets, privacy tools and applications. Speaking at the Devconnect conference in Buenos Aires, Buterin said "more and more ossification over time is good for Ethereum" and that "we have a much lower rate of surprises now." He also said the consensus layer and the Ethereum Virtual Machine could ossify at different speeds. Buterin additionally warned that elliptic curve cryptography could break before the 2028 US presidential election, which would give Ethereum roughly four years to migrate to quantum-resistant cryptography.

## 8. Hyperliquid perpetuals drive $1.8bn in volume to Phantom wallets in days 

- Kiwi News: https://news.kiwistand.com/stories/Hyperliquid-perpetuals-drive-dollar18bn-in-volume-to-Phantom-wallets-in-days?index=0x68852258a38d40649b2f5d48ee8ae21e66e42f7429666ff7e697d30d16dfc8adb84b39f4
- Source: https://www.dlnews.com/articles/defi/hyerliquid-perps-drive-over-1-bn-volume-to-phantom-wallets
- Shared 26 July 2025, 3 upvotes, 0 comments

Phantom, a crypto wallet provider, has added perpetual futures trading powered by Hyperliquid, giving its 15 million active monthly users access to Hyperliquid's contracts from July 8. So far, Phantom has processed more than $1.8 billion in volume and almost $930,000 in revenue, with about 17,000 unique users. Users can trade more than 100 perpetual futures contracts with leverage of up to 40 times their initial investment without leaving their wallets. The rollout was phased, and volume passed $300 million by July 22 with over 4,600 unique users.

## 9. EU about to outlaw and restrict some of the most prized features in crypto

- Kiwi News: https://news.kiwistand.com/stories/EU-about-to-outlaw-and-restrict-some-of-the-most-prized-features-in-crypto?index=0x65a7b7b54ad2a7208b43902e04a028e3ffec81fec8cf7873671bbc6a612717347ebb8e07
- Source: https://www.dlnews.com/articles/regulation/why-the-eu-is-about-to-outlaw-and-curb-key-crypto-features
- Shared 17 January 2024, 3 upvotes, 0 comments

The EU is finalizing an anti-money laundering regime that would restrict privacy coins, self-custody wallet payments and crypto mixers, with lawmakers expected to make key changes in trilogue talks that week. The Council of the EU is seeking a ban on anonymity-enhancing coins such as Monero and Zcash, according to the article, and Tommaso Astazi of Blockchain For Europe said few were ready to defend these tools. The European Parliament is pushing to limit merchant acceptance of payments from self-hosted wallets without a licensed firm to €1,000, while the Commission must report on banning anonymous accounts and mixers such as Tornado Cash.

## 10. Inside the crypto portfolios of Trump’s cabinet picks

- Kiwi News: https://news.kiwistand.com/stories/Inside-the-crypto-portfolios-of-Trumps-cabinet-picks?index=0x678fe3df459586e2716f36e31987bcb99c87f75c4fd9b668ec53840409b6764c2bcdf1bd
- Source: https://www.dlnews.com/articles/regulation/inside-the-crypto-portfolios-of-trumps-cabinet-picks
- Shared 21 January 2025, 2 upvotes, 1 comment

Financial disclosures show several of Trump's cabinet nominees hold cryptocurrency, including two picked to lead US intelligence. Sean Duffy, nominated for Secretary of Transportation, has the largest reported Bitcoin holdings among nominees who submitted disclosures, with crypto assets between about $570,000 and $1.2 million according to his ethics disclosure. Treasury Secretary nominee Scott Bessent holds between $250,000 and $500,000 in BlackRock's spot Bitcoin ETF but plans to divest after confirmation, according to his ethics agreement. Tulsi Gabbard, nominated as director of national intelligence, has crypto holdings valued between $31,000 and $115,000, and she also plans to divest after confirmation.

## 11. How one trader’s $26m Trump bet exposed Polymarket’s prediction problem

- Kiwi News: https://news.kiwistand.com/stories/How-one-traders-dollar26m-Trump-bet-exposed-Polymarkets-prediction-problem?index=0x671fbfc0c2fe9cc9764cf32426bd14149b4671df5a6f8567faaaeca598e3ee652699efe3
- Source: https://www.dlnews.com/articles/markets/how-one-bet-on-trump-exposed-polymarket-prediction-problem
- Shared 28 October 2024, 2 upvotes, 1 comment

A French trader behind four Polymarket accounts placed a $26 million bet this autumn that Donald Trump would win the US election, pushing the prediction market's odds for Trump far above national polls. Polymarket later said the accounts, including Fredi9999, the largest player, were controlled by one trader, according to a New York Times report. Harry Crane, a Rutgers statistics professor, said the market was either moving irrationally because of a whale or rationally on a smart bettor's information. Douglas Campbell of Insight Prediction said the price is not necessarily accurate, while Polymarket's thin liquidity leaves it open to distortion.

## 12. Why UK crypto industry says more background checks and KYC is a good thing

- Kiwi News: https://news.kiwistand.com/stories/Why-UK-crypto-industry-says-more-background-checks-and-KYC-is-a-good-thing?index=0x683837e3bd51ec1922e5e9ad9c047d7c7b249e9b572a81d64d9fcfa379d66ae842b878c4
- Source: https://www.dlnews.com/articles/regulation/why-uk-crypto-industry-is-okay-with-more-kyc
- Shared 29 May 2025, 2 upvotes, 0 comments

UK crypto industry group CryptoUK supports new HMRC rules, effective January 1, that require crypto firms to report users' personal details, such as name, date of birth and home address, for every trade. Su Carpenter, CryptoUK's executive director, says the industry has long wanted regulatory clarity and that compliance must come first. The article notes that the UK government has also released a draft crypto law for feedback and that the FCA has sought comments on its crypto policing, while Carpenter says CryptoUK is "100% behind" strong due diligence and KYC checks.

## 13. Manifold token craters 98% as founder ghosts frustrated supporters 

- Kiwi News: https://news.kiwistand.com/stories/Manifold-token-craters-98percent-as-founder-ghosts-frustrated-supporters?index=0x6737f29e9b9ada3972e718d2498618db76dc364c829ab9dcee4bd539d5c7215fd17b2088
- Source: https://www.dlnews.com/articles/defi/manifold-token-craters-while-founder-goes-awol
- Shared 16 November 2024, 2 upvotes, 0 comments

Manifold Finance's FOLD token fell to an all-time low of 64 cents on November 8, 98% below its 2022 peak of $87, even as crypto markets rallied after Donald Trump's election as US president. The token's slide followed a disappointing response to Manifold's year-old liquid staking product, mevETH, and founder Sam Bacha has provided few updates on XGA, a forthcoming product meant to reverse the company's decline. Bacha's self-imposed deadlines passed without updates, and frustrated supporters in a 2,500-person Telegram chat questioned his whereabouts. Venture backers include P2P.org and Marshland Capital, which raised $2.5 million for the company.

## 14. Think you own your crypto? A new UK law would make sure

- Kiwi News: https://news.kiwistand.com/stories/Think-you-own-your-crypto-A-new-UK-law-would-make-sure?index=0x66ab69b43fd6e1a4c81aaea49335c1c010fdc4caa1a71ebbbdbb6ac08c1ef772dfc0a1f7
- Source: https://www.dlnews.com/articles/regulation/think-you-own-your-crypto-a-new-uk-law-would-make-sure
- Shared 1 August 2024, 2 upvotes, 0 comments

## 15. How to track the Ether liquid staking market

- Kiwi News: https://news.kiwistand.com/stories/How-to-track-the-Ether-liquid-staking-market?index=0x6586b65040da338e374712b1ec62b88988448fb6ce4273b73b7e602ec4614e577f1d5e0e
- Source: https://www.dlnews.com/articles/llama-u/how-to-track-the-ether-liquid-staking-market-with-defillama
- Shared 23 December 2023, 2 upvotes, 0 comments

This DefiLlama "ETH Liquid Staking" dashboard tracks the liquid staking market, where protocols stake users' Ether and issue liquid staking tokens that can be used elsewhere in DeFi. Lido is the largest protocol, having issued $14.5 billion worth of its stETH token, and the article says it holds over $18.4 billion of DeFi's $38 billion TVL in liquid staking protocols. The dashboard offers pie and area charts of protocol market share, an Inflows tab showing flows into and out of each protocol, and a table with metrics such as TVL, peg and APR. The article notes that outflows spiked on May 18, 2023, the day Ethereum's Shapella upgrade enabled withdrawals, but later inflows have outweighed them.

## 16. Bored Apes now trade below 10 ETH

- Kiwi News: https://news.kiwistand.com/stories/Bored-Apes-now-trade-below-10-ETH?index=0x6672c9ba89c9b642863476cc0eed7d0d82ba010384c67dd399dfd7a3ae7c1882a8f6230c
- Source: https://www.dlnews.com/articles/web3/bored-ape-yacht-club-nft-floor-is-less-than-10-eth
- Shared 19 June 2024, 1 upvote, 1 comment

Bored Ape Yacht Club NFTs have fallen below 10 ETH, about $33,000, for the first time since August 2021, a 90% drop from their May 2022 all-time high of $350,000. The derivative collections Mutant Ape Yacht Club and Bored Ape Kennel Club are down 95% and 97% from their highs. Yuga Labs CEO Greg Solano announced layoffs in April, telling staff the collection had "lost its way," and a Bitwise Blue-Chip NFT Index Fund that included Bored Apes has lost 74% since its December 2021 launch.

## 17. Russian central bank bets on digital ruble to beat economic headaches

- Kiwi News: https://news.kiwistand.com/stories/Russian-central-bank-bets-on-digital-ruble-to-beat-economic-headaches?index=0x69d6015ab187dcbb13cb6c647f91d43a861bcee17bcffcb31a881f6dcbc1484ebd156ec4
- Source: https://www.dlnews.com/articles/regulation/russia-developed-cure-economic-headache-there-is-catch
- Shared 8 April 2026, 1 upvote, 0 comments

Russia's central bank is betting the digital ruble, launching September 1, can help fix the economy's problems with corruption and sanctions, though public and banking support remains low. A 2025 poll found 51% of Russians unwilling to adopt it, and only 7% said the central bank had kept them well-informed. The regulator has ordered major banks and retailers to offer digital ruble services from September 1, with medium-sized banks given until 2028 at the latest for the rest. Officials including Anatoly Aksakov cite its potential to fight bribery and track budget spending, while Yuriy Brisov, a legal expert at Digital and Analogue Partners, says it solves no problem consumers actually face.

## 18. Truebit hit by $26m exploit attackers increasingly target older DeFi protocols

- Kiwi News: https://news.kiwistand.com/stories/Truebit-hit-by-dollar26m-exploit-attackers-increasingly-target-older-DeFi-protocols?index=0x6966d33be835e70847f787022bfc5607883518c84099fd243335d64f11b36e647b1499f7
- Source: https://www.dlnews.com/articles/defi/truebit-hit-by-exploit-as-attackers-increasingly-target-older-defi-protocols
- Shared 13 January 2026, 1 upvote, 0 comments

Truebit, an Ethereum-based verification protocol, lost about $26 million in an exploit that a hacker carried out by targeting a bug in the protocol's code. The attack tricked the protocol into giving away 8,535 Ether tokens at around 4pm London time on Thursday, and a second exploit shortly after stole just under $300,000 worth of its TRU token. The impacted smart contract was deployed in 2021, and there is no public record of a third-party audit. Weilin Li, a DeFi security researcher and PhD student at University College London, said the attack highlights a growing trend of hackers targeting older DeFi protocols.

## 19. Uniswap’s DAO drama sparks debate on decentralisation in Congress

- Kiwi News: https://news.kiwistand.com/stories/Uniswaps-DAO-drama-sparks-debate-on-decentralisation-in-Congress?index=0x6841a66c805eb2d698472d0326c548a95137114168d7475a2068f227a312f0f15d97cc01
- Source: https://www.dlnews.com/articles/defi/uniswap-dao-drama-sparks-debate-in-congressional-hearing
- Shared 5 June 2025, 1 upvote, 0 comments

Uniswap Labs' chief legal officer Katharine Minarik and Representative Sean Casten, a Democrat from Illinois, clashed at a House hearing on a crypto bill over whether the Uniswap Foundation can make unilateral decisions and whether DeFi protocols would have to verify customers. Casten asked whether the Uniswap Foundation's unilateral decisions weaken claims of decentralisation, and Minarik replied that the foundation cannot make any unilateral governance change. Minarik said Uniswap would not be required under the bill to screen customer identities, adding, "We do have other obligations." The Uniswap DAO holds about $2.3 billion in Uniswap tokens.

## 20. Decentralised networks are not anarchy networks

- Kiwi News: https://news.kiwistand.com/stories/Decentralised-networks-are-not-anarchy-networks?index=0x68348003250903bf07c522c15517cb5d89b30e133da04dd777b7bcba4fd1f879207bf126
- Source: https://www.dlnews.com/research/internal/decentralised-networks-are-not-anarchy-networks
- Shared 26 May 2025, 1 upvote, 0 comments

Sui network validators have stopped processing transaction requests from the individual accused of stealing over $220 million in cryptocurrency from Cetus Protocol, and Dr. Rasit Tavus, founder and CEO of LegalBlock, argues that decentralisation does not mean anarchy. He argues that validators and miners hold real responsibilities for network integrity, and that users who transact on a blockchain place an implicit trust in its operators that creates a duty to protect their assets. He also argues that acting against illicit activity is lawful when participating members agree, and that such a decision becomes part of the consensus process.

## 21. Tornado Cash defence says prosecutors misled court on crypto mixer laws

- Kiwi News: https://news.kiwistand.com/stories/Tornado-Cash-defence-says-prosecutors-misled-court-on-crypto-mixer-laws?index=0x682a23bfb07b5ccdd1124a83b6484698078d963664b69bcb65fe9ccb7a9bad1ca4eaf864
- Source: https://www.dlnews.com/articles/regulation/tornado-cash-says-prosecutors-misled-court-crypto-mixer-laws
- Shared 18 May 2025, 1 upvote, 0 comments

Roman Storm's lawyers accuse federal prosecutors of misleading the court about how US law treats noncustodial crypto mixers, citing an August 2023 call between prosecutors in the Southern District of New York and senior FinCEN officials. In a motion filed on Friday, the defence argues prosecutors withheld FinCEN communications that could undermine the government's claim that Tornado Cash operated as an unlicensed money transmitting business. According to details revealed earlier this month in the related Samourai Wallet case, FinCEN reportedly said that because Samourai Wallet never took custody of user funds, it likely was not a money services business. Storm's team is asking the court to compel disclosure of all FinCEN communications, and his trial is scheduled for July 14.

## 22. UK crypto firms told to report every user and transaction or risk stiff penaltie

- Kiwi News: https://news.kiwistand.com/stories/UK-crypto-firms-told-to-report-every-user-and-transaction-or-risk-stiff-penaltie?index=0x6828e8ac919e8fe97798b5a9d9a7b3aed29fe84e9331227b1e7548d692ee97bdb851edcf
- Source: https://www.dlnews.com/articles/regulation/uk-crypto-firms-told-report-user-transaction-risk-penalties
- Shared 17 May 2025, 1 upvote, 0 comments

UK crypto firms must collect and report detailed user and transaction data starting in 2026 under a framework rolled out by the UK tax authority, with penalties of up to £300 per user for faulty or missing data. The rules adopt the Cryptoasset Reporting Framework, a global standard meant to curb tax evasion, and require firms to identify every user, record their legal details and tax identification numbers, and document each transaction's value, asset type, quantity and nature. The requirements also apply to foreign firms serving UK clients. Separately, Chancellor Rachel Reeves announced draft legislation to bring crypto exchanges, dealers and custodians into the regulatory perimeter, and the MiCA Crypto Alliance says the UK's approach is more open than the EU's MiCA rules.

## 23. Ethereum researcher Justin Drake unveils new plan to supercharge the network

- Kiwi News: https://news.kiwistand.com/stories/Ethereum-researcher-Justin-Drake-unveils-new-plan-to-supercharge-the-network?index=0x6733fd21f3a19cab0d7aa6cd7ddb9ea09e4498883143cece8b271dfc37765b12a3449220
- Source: https://www.dlnews.com/articles/defi/ethereum-researcher-unveils-beacon-chain-redesign-at-devcon
- Shared 13 November 2024, 1 upvote, 0 comments

Ethereum researcher Justin Drake has proposed a redesign of the Beacon chain, called the "Beam chain," to increase decentralisation, update aging infrastructure, and add new cryptographic techniques. He presented the idea at the Devcon conference in Bangkok, saying the goal is a safe and fast transition from the current Beacon chain to a design much closer to Ethereum's final design. Drake said the Beacon chain, created five years ago, has become outdated, and that the upgrade would also guard against future quantum computing risks and speed up transactions. He estimated developers may not start writing code until 2026 and testing could last until 2029, and he said the community must agree before work begins. Reactions were mixed, with critics including Wei Dai arguing that network effects for rollups matter more.

## 24. European Central Bank researchers declare war on Bitcoin

- Kiwi News: https://news.kiwistand.com/stories/European-Central-Bank-researchers-declare-war-on-Bitcoin?index=0x6714e10d8d451d637ba3f01884c0a87cef8ecf7a3b9a379d44c6087aff46941570e1744f
- Source: https://www.dlnews.com/articles/regulation/european-central-bank-paper-declaration-war-bitcoin-tax-ban
- Shared 20 October 2024, 1 upvote, 0 comments

A new paper by European Central Bank economists Ulrich Bindseil and Jürgen Schaaf argues that rising Bitcoin prices disproportionately benefit early adopters at the expense of latecomers and non-holders. The paper says that in a scenario where Bitcoin's price keeps rising, "the existence of Bitcoin impoverishes both non-holders and latecomers," and it suggests governments enact legislation "to prevent Bitcoin prices from rising or to see Bitcoin disappear altogether." Bitcoin analyst Tuur Demeester called the paper a "declaration of war" on Bitcoin, warning that authorities could use it to justify harsh taxes or bans. The article notes that the paper does not necessarily reflect the ECB's official stance.

## 25. How Arbitrum wants to solve its $1.8B voter apathy problem

- Kiwi News: https://news.kiwistand.com/stories/How-Arbitrum-wants-to-solve-its-dollar18B-voter-apathy-problem?index=0x66bccd61789c62ab00ba3958da0edaa3cbe436a613dcdb14b7b303f8dfaf37bf4abee336
- Source: https://www.dlnews.com/articles/defi/arbitrum-wants-to-protect-treasury-with-liquid-staking
- Shared 14 August 2024, 1 upvote, 0 comments

Arbitrum DAO members are voting on changes to its ARB token, including a staking proposal, to protect its roughly $1.8 billion treasury from hostile takeover by malicious actors rather than hackers. Delegate Frisson wrote in the governance forum that voter participation has been steadily declining while attacking the treasury is becoming economically attractive, citing the $25 million governance attack on Compound DAO in July. Frisson's proposal would let ARB holders stake their tokens for a modest annualised reward and receive liquid staked IOU tokens, though he scrapped the originally planned funding from sequencer fees after conflict-of-interest concerns. A formal vote is not expected until October.

## 26. Tornado Cash dev Alexey Pertsev denied bail  appeal money laundering conviction

- Kiwi News: https://news.kiwistand.com/stories/Tornado-Cash-dev-Alexey-Pertsev-denied-bail-appeal-money-laundering-conviction?index=0x6692b6d5b3fee0620ac46138a29f7b2228606223c8d80f3188581388bf8f151c4552c63d
- Source: https://www.dlnews.com/articles/regulation/dutch-court-rejects-bail-for-tornado-cash-dev-alexey-pertsev
- Shared 13 July 2024, 1 upvote, 0 comments

Dutch Court of Appeal ruled that Tornado Cash developer Alexey Pertsev will remain in detention while he prepares his appeal against his money laundering conviction. The court on Friday rejected his request for release, and his lawyers, Keith Cheng and Judith de Boer, argued he is not a flight risk and needs computer and internet access to prepare. Cheng said the prison denied his request for digital facilities because it conflicts with prison safety policy. Pertsev was sentenced on May 14 to 64 months for laundering $2.2 billion in stolen and hacked crypto through the platform.

## 27. Airdrop Hunters' New Challenge: Scroll's Defense Making It Tougher

- Kiwi News: https://news.kiwistand.com/stories/Airdrop-Hunters-New-Challenge-Scrolls-Defense-Making-It-Tougher?index=0x65d5cb03c8dd8fc2db9352cfc526e34e97af97c69d6621ca44cc3ce7ebbdaccda78b3a16
- Source: https://www.dlnews.com/articles/defi/airdrop-farmers-spamming-tokenless-crypto-projects-on-github
- Shared 21 February 2024, 1 upvote, 0 comments

Airdrop farmers are spamming the GitHub repositories of tokenless crypto projects such as Scroll, and Scroll says Sybil farming will not be rewarded with tokens. Scroll senior researcher Toghrul Maharramov said the spam had reached over 1,100 issues, an increase of 300 in the last 24 hours, and that filtering it out should take a couple of hours. The trend followed developer Tom Kysar's earning of 1,800 Starknet tokens, valued at $3,200 at pre-launch trading prices, for a single spellcheck fix in Starknet's documentation.

## 28. OpenSea NFT platform is ‘open-minded’ towards acquisitions — including its own

- Kiwi News: https://news.kiwistand.com/stories/OpenSea-NFT-platform-is-open-minded-towards-acquisitions-including-its-own?index=0x65b7662f448afd513fa395853cd1505ee4f18bbd6e10c060130fe332329df307e02e9ce5
- Source: https://www.dlnews.com/articles/markets/opensea-ceo-open-to-suitors-acquiring-nft-marketplace
- Shared 29 January 2024, 1 upvote, 0 comments

OpenSea CEO Devin Finzer told DL News that the NFT marketplace takes an "open-minded approach" to acquisitions, including being acquired, though he said OpenSea has no plans to be acquired and is not looking for a suitor. Finzer said OpenSea has received acquisition interest but declined to say when or from whom, calling the timeline confidential. OpenSea's monthly trading volume has fallen to $171 million, a 96% drop from January 2022, according to Dune Analytics, while rival Blur has overtaken it as the top marketplace. Finzer also said OpenSea laid off half its staff last fall, describing the restructuring as aimed at a leaner team rather than financial pressure.

## 29. US Rep says Binance is an "illegal actor, transacting in illicit finance"

- Kiwi News: https://news.kiwistand.com/stories/US-Rep-says-Binance-is-an-illegal-actor-transacting-in-illicit-finance?index=0x648ab7a2f9ad33e2aa2e1922dbed33a431969de290f4924aad82e7e273c8750337c111b8
- Source: https://www.dlnews.com/articles/people-culture/crypto-bill-backer-patrick-mchenry-criticizes-sec-on-binance
- Shared 15 June 2023, 1 upvote, 0 comments

Republican Patrick McHenry, chair of the House Financial Services Committee, told DL News that Binance is an "illegal actor, transacting in illicit finance" and that the company "should have been taken out years ago." He said the SEC should have acted against Binance sooner rather than pursuing Kim Kardashian, whom the SEC charged over the EMAX token and who paid $1.3 million in penalties. The SEC has charged Binance and founder Changpeng Zhao with 13 violations of federal law, which both deny. Democrats, including Maxine Waters, warned that a draft crypto bill could halt SEC enforcement against firms being sued, while Warren Davidson argued that Gary Gensler was overstepping his authority.