Tim Craig

1 week ago | dlnews.com | Tim Craig

Jupiter’s paused DAO voting. It blames a “perpetual FUD cycle” for the decision. It comes as protocols struggle with what powers their DAOs should have. The team behind Jupiter, the Solana-based exchange aggregator, has paused the protocol’s governance in response to negative feedback from participants. On Thursday, Kash Dhanda, a Jupiter team member, announced on X that holders of the JUP governance token will not be able to propose and vote on changes to the protocol until 2026.

1 week ago | dlnews.com | Tim Craig

Self chain founder Ravindra Kumar was accused of over-the-counter trading fraud. He denied the allegations. Multiple crypto founders warned of potential fraud ahead of time. The founder of Self chain, a Binance-listed project, has denied involvement in a crypto scam ring that fleeced investors for an estimated $50 million with phoney token deals.

1 week ago | dlnews.com | Tim Craig

Project Eleven aims to protect Bitcoin holders from quantum computers. It just raised $6 million to do so. But it’s unclear how it plans to turn a profit. Project Eleven just bagged $6 million to secure the $2 trillion Bitcoin blockchain against the looming threat of quantum computers. On Thursday, the group of cryptography experts announced the seed round, which was co-led by Variant Fund and Quantonation. Nic Carter’s Castle Island Ventures, Nebular, and Formation also participated.

1 week ago | dlnews.com | Tim Craig

Institutions are piling into DeFi.A new report shows how it is changing the $112 billion industry. Institutional investors and crypto-native asset managers account for a growing share of decentralised finance users, and are increasingly shaping how onchain ecosystems develop. That’s according to crypto data firms vaults.fyi and Artemis.xyz. On Wednesday, they offered that analysis in a new report and unpacked key trends driving the returns investors can earn through DeFi protocols.

1 week ago | dlnews.com | Tim Craig

DeFi lender Spark airdrops tokens worth $18 million. It’s part of a wider wave of airdrops. Tokens in recent airdrops have lost over three-quarters of their value. Spark launched its SPK token on Tuesday through a long-awaited airdrop to early users. Those who lent or borrowed tokens on Spark, or deposited tokens issued by its parent protocol Sky across other DeFi protocols, are eligible to split a pool of tokens now worth roughly $18 million at today’s prices.