TheBlock – KeeperDAO, an on-chain liquidity underwriter for decentralized finance (DeFi) protocols, has raised seed funding from notable investors. The “seven-figure” seed round, i.e. worth more than $1 million, was led by Polychain Capital and Three Arrows Capital.
TheBlock – The decentralized finance (DeFi) market continues to grow fast. It has now hit the $2 billion mark in total value locked (TVL) for the first time ever, according to DeFi Pulse. TVL is the total amount that has been committed or “locked-in” by users of various DeFi protocols.
CoinDesk – Brian Brooks, the former Coinbase legal chief, took office as Acting Comptroller of the Currency (OCC) at the end of May, barely two and a half months after being appointed First Deputy at the federal banking agency. In that time he’s already publicly suggested a federal payments charter for fintech companies, asked state and local governments to consider lifting COVID-19 lockdowns to protect the banking system and published a request for public input on how banks look at crypto.
CrowdfundInsider – A recent report from VC research firm, Ana.vc, reveals that there was a significant 57% decline in total funding allocated to digital assets and Fintech-focused projects during April 2020. Although there has been a considerable decline in cryptocurrency-related investments, the decentralized lending sector seems to be doing well, having raised 150% of its March total during April.