Here is our weekly delivery of important DAO&Crypto news that you might want to know! 

1.     A federal judge in the US says governance tokens might come with legal liability. bZx DAO and founders were sued after $55M hack. A class-action lawsuit was ordered to move forward 

2.     Arbitrum DAO’s first-ever governance proposal came under heavy attack, causing many to question the decentralized governance nature of the DAO. The Arbitrum foundation transferred $50M of tokens to Binance and admitted having sold $10M. The first governance proposal has been broken down to parts and are up for new votes in order to provide more transparency. However, the DAO is still reeling from the chaos. 

3.     The Arbitrum token was airdropped to many DAOs. For example, Sushi DAO received 4.249 million $ARB. This was the first time for DAOs to receive airdrops from a major blockchain. The liquidity will hopefully help many DAOs to last this crypto winter. 

4.     The total liquidity in DAOs, went up more than $12B last month because Arbitrum transitioned into a DAO. The DAO ecosystem also added more than half a million wallets as a result. 

5.     Ethereum’s Shanghai upgrade will unlock 18 million staked ETHs on April 12, about 15% of all that’s in circulation. What will happen to the price? 

Here is our weekly delivery of important DAO&Crypto news that you might want to know! 

1.     A federal judge in the US says governance tokens might come with legal liability. bZx DAO and founders were sued after $55M hack. A class-action lawsuit was ordered to move forward 

2.     Arbitrum DAO’s first-ever governance proposal came under heavy attack, causing many to question the decentralized governance nature of the DAO. The Arbitrum foundation transferred $50M of tokens to Binance and admitted having sold $10M. The first governance proposal has been broken down to parts and are up for new votes in order to provide more transparency. However, the DAO is still reeling from the chaos. 

3.     The Arbitrum token was airdropped to many DAOs. For example, Sushi DAO received 4.249 million $ARB. This was the first time for DAOs to receive airdrops from a major blockchain. The liquidity will hopefully help many DAOs to last this crypto winter. 

4.     The total liquidity in DAOs, went up more than $12B last month because Arbitrum transitioned into a DAO. The DAO ecosystem also added more than half a million wallets as a result. 

5.     Ethereum’s Shanghai upgrade will unlock 18 million staked ETHs on April 12, about 15% of all that’s in circulation. What will happen to the price?