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Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”

A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by a massive number of votes on April 15. The Improvement Proposal AIP-1.05 was introduced after the Arbitrum Foundation transferred funds without community approval in March. The AIP-1.05 was defeated by 118 million

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SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’

The United States Securities and Exchange Commission has announced it will be revisiting the proposed redefinition of an “exchange” under the agency’s rules — a move that could include crypto market participants in decentralized finance, or DeFi.In an April 14 open meeting with SEC commissioners and staff, SEC Chair Gary

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Proposal to integrate Chainlink’s low-latency oracles in GMX v2 forwarded

GMX, the decentralized crypto derivatives exchange that supports up to 50X leverage trading of bitcoin (BTC), ethereum (ETH), and other liquid assets, may soon integrate Chainlink’s low latency oracles into v2. GMX DAO proposes to integrate Chainlink’s low-latency oracles In the proposal, a user wants the GMX decentralized autonomous organization (DAO) that manages

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MakerDAO passes proposal for $750M increase in US Treasury investments

Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.The proposal aims to increase the protocol’s exposure to real-world assets and “high-quality bonds,” following its Dai (DAI) stablecoin losing its

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