News
Weekly Recap: Binance’s Controversial Client Management and Ethereum EIP-7702 Progress
This week in the world of crypto: Robinhood faces SEC enforcement action, Grayscale withdraws its application for Ethereum Futures ETF, Fantasy.top and Pump.fun rise in DeFi charts, and more!
Posted May 10, 2024 at 9am EST.
In this weekly roundup, we cover:
- Handling Binance Allegations: Amid controversy, Binance maintains its relationship with a high-value client accused of market manipulation.
- Ethereum’s EIP-7702 Momentum: The latest Ethereum enhancement proposal, EIP-7702, will be included in the Pectra update, aiming to improve security and user experience by transforming EOAs into temporary smart contract wallets.
- Robinhood’s SEC challenge: Robinhood Crypto receives a Wells Notice from the SEC, signaling potential legal battles over the classification of crypto tokens as securities.
- Grayscale ETF Retirement: Grayscale unexpectedly withdraws its application for an Ethereum Futures Trust ETF.
- DeFi Ascension of Fantasy.top and Pump.fun: These platforms quickly climb the DeFi rankings by leveraging innovative trading strategies and engaging with crypto personalities.
- Strategic partnership between Ethena and Bybit: Ethena and Bybit Partner to Strengthen USDe.
- Airdrop Market Challenges: The significant drop in the value of Mode’s token after the airdrop exemplifies the growing skepticism about the effectiveness of airdrops in the cryptocurrency market.