Letitia James, the New York Attorney General, announced a $2 billion settlement agreement with bankrupt cryptocurrency lending platform Genesis, which will help maximize compensation for investors. As Genesis had previously declared bankruptcy, the settlement agreement requires review and approval by a bankruptcy court. The settlement agreement will establish a victim fund to assist defrauded investors, including at least 29,000 New Yorkers who contributed over $1.1 billion to Genesis through Gemini Earn investments. Additionally, the settlement agreement prohibits Genesis from operating in New York. This is the largest settlement agreement in New York history against a cryptocurrency company.

According to official sources, Uniswap Labs and Across Protocol have proposed a new cross-chain intent standard, ERC-7683, and established a unified framework for specifying cross-chain operations based on intent. This standard allows for the implementation of a standard API for cross-chain transaction execution systems. The standard provides a common CrossChainOrder structure and a standard ISettlementContract smart contract interface.

The crypto fund Thanefield Capital has proposed a buyback plan for the Gnosis DAO native token. The proposal aims to deploy $30 million for regular token buybacks within six months. Gnosis co-founder Martin Köppelmann supports the proposal but warns that buybacks should be tied to growth plans. Since the proposal went live, Gnosis' price has risen by over 20%, reaching a high of $320, and is now trading at $308.

Industrial and Commercial Bank of China (ICBC) has officially announced that its overseas subsidiary, ICBC (Asia) located in Hong Kong, has built a complete service system for digital renminbi exchange, circulation, and redemption. At the same time, ICBC Asia has launched a digital renminbi experience activity for local individual customers in Hong Kong.

A tale of two DC crypto conferences

The network collected $228,000 in chain payments after launching them in January. Instead of charging end users via transaction fees, SKALE generates fees by charging developers a subscription fee in SKL for operating a SKALE chain.

This article introduces a derivatives market designed to implement based sequencing for fast finality in rollups. The proposed market aims to align incentives between Ethereum and rollups, mitigate operational risks associated with rollups, and promote voluntary participation and fair competition among rollups, proposers, and builders.

Ryan Sean Adams is going to take the perspective of long-term Ethereum bulls, not the obviously wrong dyed in the wool Ethereum is dead haters.

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

The so-called FIT21 legislation to establish a U.S. regulatory regime for digital assets is set for a floor vote next week, and the sector is telling House leaders the effort is "crucial."