FTX’s Accounting #Firm#Prager#Metis to Pay #SEC $1.95M to Settle #Negligence#Allegations
The international accounting firm will pay $745,000 to settle the #FTX-related allegations alone.
#Link — https://t.co/w9rqtXmah9
Total #AVAX#staked was up 6% QoQ to 254.5 million AVAX. This increase in AVAX #staking was driven by initiatives like the Icebreaker #Program and #Coinbase adding staking support for #Avalanche.
Despite the broader #market pullback, #DeFi#TVL in AVAX was up 11% QoQ to 30.8 million AVAX. New protocol launches like #Clearpool, a credit #protocol, benefited the #ecosystem.
#Stablecoins were also a bright spot in Q2, increasing 13% QoQ to $1.7 billion. #USDT was the biggest individual gainer and #accounts for 64% of all stablecoins on Avalanche.
ACP-77: #Reinventing #Subnets was introduced in Q2. The #governance proposal aims to rework how subnet #validation works, resulting in cheaper #startup #costs for subnets on Avalanche.