April 24: Bitcoin Runes, Investors leaving Lido & Do Kwon should get $53b fine

In today’s episode, we check different sides of DeFi from Bitcoin to Terra. Since its launch on April 20, the Runes protocol has deployed over eight thousand tokens on the Bitcoin blockchain, featuring long, capitalized names to deter infringement. Lido, an Ethereum liquid staking service, has seen a significant decline with investors withdrawing $2.5 billion worth of Ether, reflecting broader shifts in the staking landscape. Meanwhile, the U.S. Securities and Exchange Commission seeks $5.3 billion in fines from Terraform Labs and co-founder Do Kwon for their role in the collapse of the Terra ecosystem, underscoring concerns about accountability in the cryptocurrency space.

Today’s News👇

https://decrypt.co/227748/bitcoin-rune-name-rules-long-weird

https://www.dlnews.com/articles/defi/why-investors-withdrew-2bn-in-ether-from-staking-giant-lido/

https://dune.com/hildobby/eth2-staking

https://www.coindesk.com/policy/2024/04/23/do-kwon-terraform-labs-should-get-53b-fine-sec-tells-court/

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Contact & Partnership inquiry👇

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