- Last week, OFAC sanctioned the use of Tornado Cash, making it illegal for any U.S. entity to interact with the protocol, its core developper has been arrested in Amsterdam. USDC, Aave, Uniswap, Balancer have frozen transactions with wallets who have interacted with Tornado cash like the largest Ethereum miner, Ethermine. Why does this matter ? It's a threat to the censorship-resistant narrative of Ethereum and Blockchain more broadly.
- Ethereum Merge prompts miners and mining pools to make a choice between Proof of Stake (Pos) and Proof Of Work (Pow).
- FDIC calls out FTX US, other crypto firms over insurance claims, to stop making false and misleading statements about the availability of deposit insurance for their customers. Unlike Swiss banks, deposits are not insured while exchanges largely advertise it.
- The European Central Bank (ECB) wants banks to have a crypto assets offering more consistent.
- Macro economics context ( energy / commodities ) and the censorship threat to Blockchain have propagated to Bitcoin and has triggered liquidations last Friday, the most important since mid June.
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- Macro economics context and the censorship threat to Blockchain have propagated to Bitcoin and has triggered liquidations last Friday, the most important since mid June.