2024-05-21

Author

Fernando Fierro
May 21, 2024

Howdy folks,

🧐📉 The Ethereum Foundation faces scrutiny over undisclosed ties to EigenLayer, a popular restaking project.

Core researcher Justin Đrake’s recent advisory role at EigenLayer, with significant token incentives, has raised concerns about conflicts of interest.

Đrake revealed that three Ethereum Foundation members have ties to EigenLayer, representing about 1% of the organization. While Đrake maintains his critical stance, the community remains divided.

In other news:

👨‍⚖️⚖ Craig Wright is not giving up after a damning UK High Court verdict ruled his evidence as forged, debunking his claim to be Bitcoin’s creator. 

Despite the overwhelming evidence against him, Wright vows to appeal the decision. His supporters remain vocal, dismissing the verdict and accusing the judge of bias.

🤝🤼 Bybit's COO Helen Liu is trying to unite the fragmented crypto industry. Her new initiative, the Blockchain For Good Alliance, aims to bring together various blockchain entities to address real-world problems and promote collective growth.

Liu emphasizes that collaboration, not competition, is key to expanding the crypto ecosystem.

🏛💼 Lastly, Grayscale CEO Michael Sonnenshein steps down after a decade, with Peter Mintzberg from Goldman Sachs set to take over.

Sonnenshein oversaw the firm’s Bitcoin ETF approval process during his tenure. This leadership change comes amid a wave of executive turnovers in the industry, including at Vanguard and Binance.

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Solana’s Phantom Wallet became the top third app in Apple’s utility category in the US, signaling interest in one popular Telegram app. Read more on DailyCoin.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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