Tether Says EQIBank Exposure Is Below 0.034% After US Asset Seizure

TL;DR Tether says assets held with offshore banking partner EQIBank represent less than 0.034% of its total group assets. U.S. authorities are seeking forfeiture of tens of millions of dollars tied to EQIBank payment processor Capstone. Tether says it had no knowledge of the conduct alleged by prosecutors and has not disclosed the exact amount […]

15 Institutions Spoke to Bitwise: More Crypto Buyers May Be Coming

Institutional crypto demand is developing beyond public disclosures, according to Bitwise’s interviews with 15 major institutions. Existing holders maintained their allocations through a roughly 50% market decline, while several prospective buyers advanced their due diligence. Institutions Held Through the Sell-Off as Others Weighed Buying Some of the world’s largest institutions held their crypto allocations through […]

Lido Vote #214 Passes As Dual Governance Moves Onto Ethereum Mainnet

TL;DR Lido DAO Vote #214 has passed with 58.2 million LDO participating in favor. The vote implements Dual Governance V1 parameters, giving stETH holders a new mechanism to contest certain governance actions. The associated emergency governance delay has been extended to 14 days. Lido’s long-running effort to give stETH holders more influence over protocol governance […]