SushiSwap (SUSHI) Crypto News Today

SushiSwap’s total value locked has declined sharply since 2021 highs, according to DefiLlama.

This week’s Crypto Biz also explores Tesla’s Bitcoin holds, Avalanche’s Visa card, Core Scientific’s billionaire deal with CoreWeave and Chainlink’s pilot for corporate databases.

SushiSwap is now managed by Sushi Labs, an autonomous company that will operate under a council structure similar to Synthetix.

This week’s Crypto Biz explores the rise of tokenization markets, PayPal’s stablecoin, SushiSwap’s move to a “Labs model,” and the U.S. SEC’s decision to defer Bitcoin ETF options.

More than 62% of SushiSwap voters backed the move to a “Labs model” in a signal vote on April 10, showing support for the DEX’s shift toward a less decentralized business structure.

Voting for and against the proposal was evenly matched but recently tipped in favor of the “yay” despite continued criticism of the plan on social media. Voting ends on April 10.

Multiple decentralized applications using Ledger’s connector library have been compromised, including SushiSwap and Revoke.cash. Ledger claims the issue has been fixed.

Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain.

Decentralized exchange Sushi will test native Bitcoin DeFi functionality that promises to allow users to swap BTC across 30 blockchain networks.

SushiSwap brings liquidity pools, cross-chain swaps and its DEX aggregator to the Core blockchain ecosystem.

A Twitter user called out SushiSwap and urged the platform to take steps to prevent incidents in the future.

Only users who have traded on the decentralized exchange in the last four days are apparently affected.

Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO.

A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling.

The DAO said it would not be commenting on “ongoing legal investigations,” but its existing $100,000 defense fund was apparently not enough.