This week in crypto was relatively quiet, with Bitcoin stabilizing around $84k and the CoinDesk 20 index rising by approximately 4%. A significant tech issue at AWS caused a substantial portion of the crypto market to experience outages, raising concerns about decentralization. Meanwhile, OKX announced plans to set up a California headquarters following a $500 million settlement with the SEC. The upheaval came as Mantra, a project focused on real-world assets, saw a drastic 90% loss in value due to forced liquidations. EigenLayer gained attention for its efforts in restaking to mitigate security worries. In other news, Kraken implemented layoffs as it prepares for an IPO, while Coinbase faced scrutiny over a front running issue linked to a token. Privacy advocates responded to fears surrounding Binance potentially delisting Zcash amid a decline in privacy coin values. Additionally, new crypto lobbyists emerged in D.C., questioning the effectiveness of numerous trade groups.

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