Warren Calls Crypto The New “Shadow Bank”

Quick Take

  • Loot NFT creator Dom Hofmann announced the creation of 1.3 million more Loot.
  • U.S. Senator Elizabeth Warren told the New York Times that cryptocurrency is the new “shadow bank.”
  • There is now more than $1 billion in Total Value Locked (TVL) on Ethereum layer 2.
  • More than 200k ETH has been burned since the implementation of EIP-1559.

 

Read more: https://ether.fm/004

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