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No more ETH dumps? Ethereum Foundation turns to DeFi for cash


The Ethereum Foundation (EF) has borrowed $2 million in GHO, a decentralized stablecoin developed by Aave, in a move signaling deeper engagement with decentralized finance (DeFi) strategies. In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens....

TON Foundation hires former Visa executive to lead payments strategy


The Open Network Foundation (TON Foundation) has appointed former Visa executive Nikola Plecas as its new vice president of payments.Plecas will be responsible for shaping and executing TON’s payment infrastructure strategy, the company said in a May 28 blog post.He is tasked with expanding...

Durov blocked from attending Oslo Freedom Forum — Human Rights Foundation


Telegram co-founder Pavel Durov will not be physically attending the Oslo Freedom Forum in Oslo, Norway, after French courts denied his request to travel to the Scandinavian country.According to an announcement from the Human Rights Foundation (HRF) — a non-profit organization that advocates...

Sonic Labs Wins Court Order to Liquidate Multichain Foundation


Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Cooperate Forced Sonic Labs’ Hand Sonic Labs CEO Michael Kong said the Singapore High Court...

Sonic Labs wins judgment for Multichain Foundation to wind up


A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack.In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly...

Ethereum Foundation unveils security initiative to supplant legacy systems


The Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of an ongoing push to strengthen Ethereum's role in programmable digital assets.Fredrik Svantes, a protocol security...

Yuga Labs sells CryptoPunks IP to Infinite Node Foundation


Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement. The acquisition of CryptoPunks, plus its additional $25 million endowment...

Yuga Labs sells CryptoPunks IP to Infinite Node Foundation


Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement. The acquisition of CryptoPunks, plus its additional $25 million endowment...

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