Welcome to the InfStones’ July newsletter. June was a busy month for the company with a number of crucial events taking place.

As always, we’re excited to share about them here with you so you can stay up-to-date on the latest company news.

Here are all of the biggest InfStones developments that occurred in June:

Blockchain Infrastructure Leader InfStones Collaborates with Stader Labs

InfStones, a leading blockchain infrastructure provider, is joining forces with Stader Labs, a pioneer in non-custodial smart contract-based liquid staking solutions. This strategic collaboration aims to enhance blockchain infrastructure efficiency and robustness. InfStones will act as a Permissioned Node Operator for Stader Labs, leveraging its extensive experience from supporting over 20,000 nodes across 80+ blockchains to provide resilient infrastructure for Stader Labs' Ethereum nodes. This partnership is expected to invite more delegation from potential users, benefiting both organizations and their users.

Read the full collaboration article here. 

Trending News

SEC Sues Coinbase: Firm Stands Firm, Defends Crypto Listings and Staking Services

In a significant regulatory move, the US Securities and Exchange Commission (SEC) has filed lawsuits against leading cryptocurrency exchanges, Coinbase and Binance. The SEC alleges that Coinbase has avoided investor protection disclosure requirements since 2019, while Binance is accused of inflating trading volumes and misdirecting customer funds. Despite these accusations, both companies have expressed their commitment to legal compliance and are actively addressing these issues. Coinbase's general counsel, Paul Grewal, has assured the company's continued operation with a "demonstrated commitment to compliance". Similarly, Binance has pledged to "vigorously defend itself", asserting that the lawsuit reflects the SEC's refusal to provide clarity to the crypto industry. Amidst these legal challenges, both companies remain pivotal players in the global crypto landscape, setting important precedents for the wider cryptocurrency industry. 

Ethereum's Bold Move: Proposal to Increase Maximum Stake from 32 ETH to 2,048 ETH

Ethereum's core developers are considering a proposal to boost the maximum Ether (ETH) stake for validators from 32 ETH to 2,048 ETH, while maintaining the minimum stake at 32 ETH. This change could streamline operations for large-scale stakers, who currently need to manage multiple validators to maximize yield. The proposal could also improve network efficiency and facilitate auto-compounding of validator rewards. However, it could also increase penalties for violations. The proposal, still under discussion, will be debated on platforms like ETHMagicians and Discord, and will be subject to a vote, a process that could take up to two years.

Citadel, Charles Shwab, and Fidelity Launch New Regulated Cryptocurrency Exchange

EDX Markets, a new cryptocurrency exchange backed by financial giants Citadel Securities, Fidelity Investments, and Charles Schwab, is set to launch with a unique non-custodial approach. The exchange will offer trading in Bitcoin, Ether, Litecoin, and Bitcoin Cash, serving asa conduit for firms to execute trades between cryptocurrencies and fiat currencies. The actual transfer of assets will occur outside of EDX’s platform, with plans for a clearinghouse to facilitate trade settlement later this year. EDX Markets aims to cater to retail brokerages, not individual investors, creating a more streamlined and secure trading environment. The launch of EDX Markets could signify a major step in bridging traditional finance and the cryptocurrency sector.