Blockchain DXB: 🚨 Dubai: 10th June 🚨 💡 Kill Maker Dao — Rune Christensen 🟠Bitcoin with Zero Knowledge Proof? ❎Arbitrum $237 Million Gaming Proposal 🏆Binance Hits 200M users

10th June: Crypto & Coffee at 8
💡 Kill Maker Dao — Rune Christensen 🟠Bitcoin with Zero Knowledge Proof? ❎Arbitrum $237 Million Gaming Proposal 🏆Binance Hits 200M users

🚨 Rune Christensen on Remaking MakerDAO and Replacing DAI
In an interview, MakerDAO founder Rune Christensen discussed his Endgame proposal to overhaul MakerDAO and replace its stablecoin, DAI. Key points include:
-Endgame Proposal- Aims to launch new stablecoins, generate new revenue streams, and create “subDAOs” for business expansion.

- Decentralization: Christensen differentiates between using decentralization as a tool for resilience versus an end goal.

- Governance: He believes MakerDAO’s governance is currently under-engineered and needs a more transparent framework.

-VC Opposition: Some VCs opposed Endgame, but new investors who support the proposal have since bought MKR tokens.

- Future Goals: The proposal includes rebranding, new tokens, and yield farming to attract users and drive growth.

Christensen’s Endgame proposal seeks to ensure MakerDAO’s long-term success and resilience through innovation and adaptation. Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts we share our thoughts and commentary on this

⚡ StarkWare plans to explore Bitcoin scaling using zero-knowledge proofs (ZKPs) with the OP_CAT soft fork proposal, marking a significant milestone. Despite progress, generating ZKPs at scale remains computationally expensive and less battle-hardened than Bitcoin’s current cryptographic techniques. Rollups, which use off-chain sequencing to scale applications, still rely on central operators and face security issues. BitVM has further spurred ZKP research, but challenges like liquidity and security concerns persist. Details here https://lnkd.in/dWTb5Cfj 

🟢 The Arbitrum ecosystem is deliberating on a proposed $237 million program aimed at supporting gaming. However, the initiative faces significant opposition and demands for a repeal or re-vote. Critics are concerned about the substantial budget allocation, potential market repercussions, unclear legal structures, and high operational costs. Additionally, some voters have shifted their stance due to the increased earmarked funds and a perceived lack of transparency. While the proposal has backing from certain organizations, there are growing calls for a re-vote or repeal. https://lnkd.in/duE254f5

🚨 Binance announced via Twitter (X) it had surpassed the 200 million user mark, solidifying its status as the largest crypto exchange in the world. With this milestone, no other exchange comes close to challenging its dominance. Bybit, the second-largest exchange, reports only 27 million users. https://lnkd.in/dQdkpfAE 

🟠 Two UAE news
⚡ Crystal Expands Presence in Dubai, Bringing Deeper Support and Market Compliance Capabilities for Virtual Asset Entities in the Region
⚡ WISeKey SA and The Hashgraph Association Join Forces to Bring Secure IoT and DePIN Solutions to Saudi Arabia

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