💣 A ‘Bad-Faith Regulator’ ⁉️
In today's edition: 🎙️ Rep. Tom Emmer's spicy takes, 📄 U.S. Treasury's DeFi report, 🥷 over $300 million tied to Terra crimes, and more!
From our sponsor
Unchained Daily is brought to you by ICON.
Bringing next-gen interoperability to multiple cross-chain protocols.
What are ICON's BTP and xCall service?
New Pod!
Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
Show highlights:
why Rep. Emmer thinks there's an operation to cut crypto off from the banking system
how, as he puts it, Sen. Elizabeth Warren has been 'dancing on the grave' of the recent banking failures
how the interest in crypto in Congress has changed over time, especially after the Infrastructure bill in 2021
whether the CFTC lawsuit against Binance represents an "appropriate" use of enforcement actions
why Rep. Emmer says that bureaucrats are trying to polarize blockchain technology
how the US’s attitudes toward crypto could affect the country’s global power
why he is against FedNow, the new Federal Reserve's payment system
What’s Poppin’?
by Samyuktha Sriram
Poor DeFi Cybersecurity Presents Risks for National Security, Says U.S. Treasury
The U.S. Treasury’s DeFi risk assessment report calls for enforcing stronger AML standards in the crypto industry.
Proceeds From Terra’s Crimes Total $314 Million, Say Prosecutors
South Korean prosecutors have tied $69 million worth of criminal proceeds to Terraform Labs CEO Do Kwon.
zkSync Finds Solution to ‘Unfreeze’ 921 ETH Stuck in Smart Contract
zkSync plans to make changes to Era’s gas metering to recover the $1.7 million worth of ETH locked in the GemstoneIDO smart contract.
3AC Founders’ OPNX Exchange Records $1.26 in First-Day Trading Volume
The OPNX exchange has generated little to no traction since its launch on Tuesday.
Daily Bits…✍️✍️✍️
A law firm is seeking alternative methods to serve Shaquille O'Neal in a lawsuit involving FTX, alleging that he has been hiding and playing a cat-and-mouse game, after he was named a defendant in a class-action lawsuit for promoting FTX.
Binance's financial services license in Australia has been canceled by the Australian Securities and Investments Commission. Starting April 14, Binance users will no longer be able to increase derivatives positions or open new positions on the platform.
Buncombe County in North Carolina is considering a one-year moratorium on Bitcoin mining operations to establish clearer standards.
Whales are accumulating more governance tokens in Arbitrum as the platform responds to criticisms over its controversial AIP-1 proposal and issues updated proposals.
Today in Crypto Adoption...
Bitstamp partnered with Tesseract to launch a new crypto lending service, offering up to 4.4% APY and daily rewards, across select European markets as well as in Hong Kong and the UAE.
The $$$ Corner…
Bitkraft raised $220.6 million for its second "token fund," according to an SEC filing, but the firm didn't comment on the nature of the investment mandate.
🤓 Learn
The Rise of Central Bank Digital Currencies, or CBDCs
Countries are rushing to research and develop CBDCs, but government-issued digital money comes with risks.
What Do You Meme?
Advertise With Unchained 📡
Check out advertising opportunities on all of Unchained’s properties, which range from running a classified ad in the newsletter to sponsoring our videos to having a host-read ad in the podcast.
📈 Your Market Update 📉
BTC is up .1%, trading at $27,937
ETH is down .5%, trading at $1,858
BTC dominance: 43.68%
Crypto market cap: $1.22 trillion
*All data as of today, 7 am ET
Recommended Reads
David Phelps on how shared sequencers are among the biggest opportunities in crypto right now
Austin Campbell on FedNow and CBDC
Chris Blec on the ‘Defi North Star’
⛓️ Join Unchained Premium to get access to:
🎙️ Behind-the-scenes interviews, in which I talk with crypto experts and entrepreneurs to learn all about the latest developments in the industry.
💬 A subscriber-only Telegram group, where you can talk with the other members of the Unchained community, build a network in crypto, and talk directly with me and the Unchained team!
📰 Transcripts of all the shows, for subscribers only.
If You Like What You Read:
👯♀️ share Unchained with a friend
👍 follow Laura on Twitter, Facebook, Instagram, TikTok, Mastodon and/or LinkedIn
🎧 subscribe to Unchained on YouTube, Apple Podcasts, Spotify, Google Podcasts, Pandora or wherever you get your podcasts
and/or 📚buy my book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze