Across Protocol Team Accused of a $23M Grab; Co-Founder Responds
Ogle, a pseudonymous crypto sleuth and founder of Layer 1 project Glue, has alleged that the Across Protocol team used a web of undisclosed wallets to steer DAO votes in…
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SEC Should Treat DAOs As ‘Dispersed Groups of People,’ Say DeFi Education Fund, Uniswap
The DeFi Education Fund and Uniswap Foundation have urged the U.S. Securities and Exchange Commission to view decentralized autonomous organizations as disparate groups of individuals rather than coordinated entities. DAO…
Treasure DAO Shutdown Sends MAGIC Token Down 18%
Blockchain gaming ecosystem Treasure DAO has announced a drastic restructuring, closing down its game publishing operations and Layer-2 network Treasure Chain due to severe financial strain. The news sent its…
Massive Shiba Inu (SHIB) Update: Details About Upcoming DAO
TL;DR Shiba Inu (SHIB) is moving toward greater decentralization by launching a DAO. The anonymous developers of the meme coin announced they will step back by the end of 2024,…
Hong Kong Lawmaker Calls for DAO Regulation to Boost Web3 Investments
Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High…
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will…
Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token
Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space.…
DAO Treasuries See Over $20 Billion Growth in 4 Months Amid Crypto Market Boom
Four months ago, a total of 179 decentralized autonomous organizations (DAOs) boasted treasuries exceeding $1 million or more each. As of today, this figure has climbed to 211 distinct DAOs…
Arbitrum DAO passes $23M extra budget to fund all grant applicants
The Arbitrum community is expanding its grant program budget to over $70 million, supporting a total of 56 projects.
Bankless controversy forces founders to burn tokens and separate from DAO
The co-founders of crypto media Bankless are seeking to separate their brand from BanklessDAO some two years after the launch of DAO.
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