Eigenlayer opens its floodgates once more On August 22, Eigenlayer opened its pools once again, raising the cap to 100,000 ETH for a single pool. More holders of liquid staked stETH, rETH and cbETH were allowed to restake their ETH on the platform, until a single pool reached the limit of 100,000 ETH. Unfortunately, when … Read more
August Token Unlocks We’re more than midway through August and many of the following tokens have unlocked, and are also set to unlock: Table 1: August Token Unlocks (Source: TokenUnlocks and WuBlockchain) In previous Web3 Watch reports, we have noted that shorting token unlocks a handful of days before the unlock date, and closing the … Read more
The Vyper throws a curveball at the Curve (exploit) To the chagrin of many DeFi proponents, Curve, a revered blue-chip money market in the ecosystem, was exploited this past week. This was not their fault but because Vyper, a Python-based smart contract language for EVM, did not correctly implement a reentrancy lock, which allowed bad … Read more
Polygon 2.0: From MATIC to POL In the transition to Polygon 2.0 (network of its zk L2 chains), the founding team proposed on 13 July to upgrade from the existing MATIC token to POL. This would transition Polygon’s native token from a gas token to a rewards and governance token and POL holders would get … Read more
Bitcoin Spot ETFs vs Gold Spot ETFs Blackrock’s spot BTC ETF application to the SEC was timely, following the 13 charges that the SEC filed against Binance entities and CZ. Since 2017, all 28 spot BTC ETFs have been rejected by the SEC. Blackrock’s record of ETFs approved by the SEC is 575-1 – a … Read more
Stablecoins in the US: Fed sees stablecoins as a form of money In updates from the US, the Fed sees stablecoins as a form of money that should be handled on a federal level, rather than on a state level. Maxine Waters, a House of Representatives Financial Services Committee’s ranking member, asked for Powell’s reaction … Read more
Binance, Coinbase and tokens: Gensler and the SEC This past week, the actions by the US Securities and Exchange Commission (SEC) are reverberating in the crypto world. #ICYMI, the SEC filed a lawsuit alleging multiple securities violations against Binance, Binance US, and CEO Changpeng Zhao. Binance responded by not backing down and declaring they would … Read more
Memecoins go to the moon In the world of memecoins, tokens such as $PEPE, $GEN (Generational Wealth), $RFD (Refund), and $DMT(Dimethyltryptamine) have gained attention and performed extremely well in the past week. Some have crashed, while others have remained strong. Regardless, many of these memecoins have minted millionaires overnight. Like many other memecoins, these were … Read more
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Your DPT service provider is an exempt payment services provider pending licensing under the Payment Services Act (2019) to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
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You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
