DeFi Daily Digest 2022-07-26: No Stablecoin Regulation Until Sept. Diem Blockchain Resurfaces, Facing Future Ethereum Processing 100K Transactions Per Second.
To discover profitable sandwich arbitrages and hot tokens of the day, read our Arbitrage Daily Report and Sandwich Arbitrages Daily Report from EigenPhi. EST period: 25/07~26/07 UTC+0. Past reports are also available.
Regulation
U.S. House lawmakers are delaying consideration of a bipartisan bill to curb potential risks posed by so-called stablecoins
L1
Aptos Labs raises $150M in funding round led by FTX ventures, looking to bring the Diem blockchain back to life.
Diem is Meta's crypto arm, and was once shut down its stablecoin project in January amid intense regulatory scrutiny.
Aptos Labs has now raised $350 million this year.
Vitalik: the Merge, Surge, Verge, Purge and Splurge are "all happening in parallel".
After completion, Ethereum will be able to process "100,000 transactions per second".
This tweet thread is informative on the process:
Follow us via these to dig more hidden wisdom of DeFi: