Ethereum governance, and the downfall of celeb tokens: Finance Redefined

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Ethereum’s governance concerns, the decline of celebrity tokens trends, and Arthur Hayes unstakes his Pendle tokens. All this and more in this week’s DeFi newsletter!

Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.

In other news, most celebrity tokens have fallen over 60% since launch, except for Iggy Azalea’s Mother Iggy token, and Arthur Hayes unstaked $9.41 million worth of Pendle tokens, raising community concerns about a potential price dump.

The company gave no explanation for the closure. Cointelegraph has approached Nocturne Labs for comment. Nocturne initially aimed to introduce private accounts and transactions to the Ethereum ecosystem.

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