KIN Token Surges Over 20% After Vote to Burn 70% of Supply Passes
The token climbed on news that about 7 trillion KIN tokens worth $156 million will be burned. Source
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Vote
Urge reps to vote ‘yes’ on crypto regulatory clarity bills
Coinbase CEO Brian Armstrong has urged United States citizens to take action and email their representatives to vote “yes” on the Financial Innovation and Technology for the 21 Century Act (FIT21), which may provide regulatory clarity for crypto. On July 26, lawmakers voted in favor of FIT21 and the Blockchain Regulatory
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DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote
The redemption plan appears to heavily favor employees and Parrot’s venture investors. Last November, Parrot finance unlocked all remaining team and VC tokens two years ahead of schedule. Community members claim the modified vesting schedule gives these insiders a redemption price of $0.055, 22% higher than the original, public investors. Source
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Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum
GHO has been in the works for over a year and was issued on a testnet earlier this year. Source
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Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH
Holders of Aave, the token that underpins its namesake's decentralized finance (DeFi) protocol, are taking part in a governance vote that will decide whether 1,600 ether (ETH) in the protocol's treasury will be converted to wrapped staked ether (wstETH) and rocket pool ether (rETH). Source
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US Lawmakers to Vote on Crypto Bill in Coming Weeks
Patrick McHenry intends to hold a committee vote on a detailed crypto regulatory structure. Reactions about the use of crypto still make it unclear how things will turn out. Patrick McHenry, a House Republican lawmaker, plans to introduce legislation around crypto regulations after lawmakers return to work on July 11. The
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ConsenSys Faces Shareholder Vote Over Controversial Transfer of Company Assets
To execute the deal with JP Morgan, ConsenSys crafted a plan called Project NorthStar, designed in concert with the Swiss office of consulting giant PwC. Project NorthStar would call for the creation of a new Delaware C-corp called ConsenSys Software Inc (CSI) and the transfer of all major assets from
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Health and Fitness App Sweat Economy to Vote on ‘Reallocating’ 2.5B Abandoned Tokens
Sweat users can vote on whether to recover the tokens and transfer them to the protocol's treasury for a potential future distribution. The vote will also decide what the Sweat Foundation will do with them in the future, including "burning a percentage, funding operational costs, or supporting future product launches,"
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Sweat Economy to Launch Governance Vote to Decide Fate of 2B Tokens
The new governance requires at least 75,000 votes for the proposal to be either accepted or rejected. Sweat Economy, the label behind the Sweatcoin and Sweat Wallet apps, plans to roll out a new governance vote later today in the wallet app. By doing this, the Sweat community will be saddled
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Uniswap Community Dashes Hopes of DAO Earning Fees From Liquidity Provider in Close ‘Community Vote’
Over 45% of the community voted for ‘no fee,’ while 42% voted for one-fifth of the fee generated by Uniswap version 3 (V3) pools to be charged to LPs. A much smaller 12% of the community voted for one-tenth of the fees to be doled out, while a nominal 0.04%
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