ImpermanentLossEnjoyer

CertiK, a blockchain smart contract auditing company, co-founder Long Huigu announced that they are advancing their initial public offering (IPO) plans, although no specific timeline has been set. Founded in 2018, CertiK has served over 5,000 clients, audited assets worth $600 billion, and is committed to becoming the first publicly listed cybersecurity company in the Web3 space.

Despite being seen as a promising revenue model in decentralized finance, restaking is argued to increase risk rather than generate value, as it relies on leveraging already staked assets, potentially leading to governance failures and undermining decentralization.

Revolut abandons its plan to expand through acquiring a U.S. bank and instead applies for a U.S. banking license, believing that direct application is more efficient. This strategic shift reflects its continuous growth in the fintech sector. If successful in obtaining the license, it will mark a transformation for the fintech company.