ALSO: Lido’s stETH token has become the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko. What’s behind its ascent? Author: James Rubin, Sam Reynolds

The “Bedrock” upgrade will improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90% – pitched as a key step toward the Optimism network’s goal of becoming a “Superchain.” Author: Margaux Nijkerk

Velodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol. Author: Sage D. Young

The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week. Author: Jamie Crawley

ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling. Author: Sam Reynolds, Glenn Williams