#finance

A California court has determined that Lido DAO, the decentralized organization overseeing the liquid staking protocol Lido Finance, qualifies as a general partnership. The court dismissed arguments that the DAO is not a legal entity, as reported by Decrypt based on court filings.

Tron founder Justin Sun and Yearn Finance founder Andre Cronje allege that Coinbase demanded multi-million dollar fees to list their tokens on its platform, while Binance, for instance, charged them nothing.

The rapid integration of artificial intelligence and machine learning into global finance is becoming a potential threat to financial stability, requiring bankers to upgrade their risk management strategies.

Compound Finance and the Golden Boys resolved the dispute concerning the controversial Proposal 228, which sought to allocate 500,000 COMP to the goldCOMP protocol.

The Linux Foundation, a non-profit organization, is set to launch the LF Decentralized Trust (LFDT). This new platform aims to foster the development of open-source decentralized technologies across a range of sectors, including security, scalability, and finance.

Ethereum staking service Lido is planning partnerships with restaking platforms Mellow Finance and Symbiotic.

A team of experienced developers, including co-founders of Lido Finance, is planning to introduce a blockchain-based identity platform called Y.

Charles D’Haussy, CEO of the dYdX Foundation, believes that the decentralized finance (DeFi) sector may soon enter a “walled garden” phase, driven by regulatory pressures and growing demand for integrated services.

L&G, a London-based company managing $1.5 trillion in assets, is exploring the possibility of tokenizing a portion of its holdings. This initiative places the company alongside other major traditional firms that have entered the real-world asset (RWA) sector, including BlackRock, Franklin Templeton, and Abrdn.

On September 28, during the 2024 Tsinghua PBC Chief Economist Forum in Beijing, Zhu Guangyao, former Vice Minister of Finance, urged Chinese authorities to reconsider their approach to cryptocurrencies, warning that the U.S. could take the lead in this sector.