Polygon Foundation Under New Leadership as Sandeep Nailwal Takes Control
Key Developments in Cryptocurrency
Sandeep Nailwal Takes Control of Polygon Foundation: Sandeep Nailwal has become CEO of the Polygon Foundation, initiating a change in leadership and strategy. The foundation will retire zkEVM and focus on AggLayer, a new cross-chain liquidity protocol.
Ethereum Foundation Updates Treasury Policy: The Ethereum Foundation introduced a new treasury policy capping operational expenses at 15%. They plan to gradually reduce this to 5% over five years, emphasizing preparations for pivotal developments in 2025-26.
Bitcoin Core 30 to Raise OP_RETURN Data Limit: Bitcoin Core’s upcoming version 30 will increase the OP_RETURN data limit from 80 bytes to nearly 4MB. This change follows community debate regarding potential impacts on network spam.
Plume Launches Genesis Mainnet: Plume's new mainnet aims to tokenize real-world assets for DeFi applications, marking an advancement in asset-backed financial products within the blockchain space.
Other Notable News
Safe Develops New Unit: Safe (formerly Gnosis Safe) launched Safe Labs to streamline operations and enhance its product roadmap after a major hack incident.
Morpho Introduces V2 Update: Morpho's updated lending protocol offers customizable loan terms, aiming to align DeFi offerings with traditional finance requirements.
Regulatory Updates
SEC Exploring DeFi Exemptions: SEC Chairman Paul Atkins announced plans to create an "innovation exemption" for DeFi platforms, potentially easing regulatory hurdles for on-chain financial systems.
Ant International to Seek Stablecoin Licenses: Ant Group's international unit is set to apply for stablecoin licenses in Hong Kong and Singapore as new regulations are implemented.
