.@EigenLayer 'launched' yesterday with more than $12B in deposits, but it's still missing crucial functionality, including slashing and restaking rewards.

Sam Kessler reports
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Restaking protocol EigenLayer has launched on Ethereum mainnet alongside its in-house data-availability service, EigenDA.

Sam Kessler reports
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.Ripple plans to release a stablecoin pegged to the U.S. dollar.

Sam Kessler reports
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James Hunsaker took the stand in the Terraform Labs trial today and revealed he had filed an SEC whistleblower complaint against his former employer, Jump Trading, about its role in propping up Do Kwon's UST algorithmic stablecoin prior to its $40bn crash in 2022. A thread 1/10

5 years ago, I made a coffee table book with the world’s largest (known) prime number: 2^82589933 - 1

It usually sells a 1-2 copies a month, so when I went to get my 1099-MISC form from Amazon this year ( #taxes ), I was shocked to see it doing numbers… 🧵🕵️

Users of Base 🛡️, the Ethereum layer-2 blockchain from crypto exchange @Coinbase, are warned to expect higher fees and stalled transactions as the network struggles to deal with higher-than-average traffic.

Sam Kessler reports
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3AC’s Kyle Davies on Why He’s Crypto’s Lloyd Blankfein and Why He’s Not Sorry

Few crypto figures have been as vilified as Kyle 🐂, the co-founder, along with Su Zhu, of crypto hedge fund Three Arrows Capital, which imploded in mid-2022, losing $3 billion and bringing many…

Meme coin traders have pushed @Solana to its limits, with widespread reports of network slowness and failed transactions.

Amid the scams, schemes and slow-downs, Solana's toly 🇺🇸 sees the stress test as a good thing.

Sam Kessler reports
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NEW: The Ethereum Foundation foundation is under investigation by an unnamed 'state authority.'

Danny Nelson, @[email protected] and Sam Kessler reports

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After a false start and years of delay (and criticism), Optimism will begin testing fault proofs on Ethereum's Sepolia test network today.

Sam Kessler reports
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For those curious as to why Gauntlet *really* left Aave, this might help explain things:

Days after splitting with @Aave, risk manager Gauntlet says it's teaming up with a rival lender, Morpho Labs 🦋, to build its own lending products.

Sam Kessler reports
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DeFi risk manager Gauntlet has cut ties with @Aave after four years, sparking community backlash.

'The community wants exclusivity from Gauntlet without paying for it,' Nick Cannon, Gauntlet's VP of growth, told us.

Sam Kessler reports
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More crypto platforms are rewarding 'points' attached to the vague prospect of future airdrops.

As investors go all-in – buying points from special trading platforms and using them to bet on leverage – they should consider the risks.

Sam Kessler reports
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Liquid restaking projects like Puffer and Ether.Fi have piggybacked off the rise of EigenLayer to attract billions of dollars' worth of new deposits, igniting a resurgence for Ethereum DeFi.

What's behind the hype?

Sam Kessler explains
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.EigenLayer's TVL has jumped by more than $750 million just hours after the Ethereum restaking protocol temporarily lifted its cap on deposits.

Sam Kessler and Oliver Knight report
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Generally, they offer to interview you for an article and then send a 'Calendly' phishing link.

Make sure you're interacting with real CoinDesk journalists, and double-check URLs before…