A Congressional Loss for Crypto? 🏛️
In today’s edition: 🚨 CZ's plea accepted, 💻 Bitcoin Core's big update, 🐶Dogecoin's 10th anniversary, 📊 EVM inscriptions rise, 🌍 Worldcoin's grant launch, and more!
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What’s Poppin’?
by Brandy Betz, Kollen Post, Sage Young and Samyuktha Sriram
Binance CEO CZ’s Guilty Plea Accepted by US Court
A federal judge has accepted Changpeng Zhao’s guilty plea to one count of Bank Secrecy Act violations.
Crypto Industry Loses Another Champion in Congress as McHenry Announces Plans to Leave
The chair of the Financial Services Committee will still serve another year, but key crypto legislation seems set to falter.
Bitcoin Core ‘v26.0’ Goes Live, Includes Measures to Reduce Transaction Tampering
A new upgrade to the Bitcoin Core software is now live, with the inclusion of a new P2P protocol version that would reduce the risks of eclipse attacks on miners.
Dogecoin, Oldest Meme-Fueled Crypto, Turns 10 Years Old (That’s About 56 in Dog Years)
“My biggest takeaway is that people are crazy,” says Billy Markus, the co-creator of the “sh*tcoin” that has a $14 billion market cap.
Ethereum Virtual Machine Chain Inscriptions Gain Traction, Dominating Polygon Transactions
While Bitcoin Ordinals are making headlines, inscriptions on Ethereum Virtual Machine blockchains have gained traction in recent weeks, according to a Dragonfly data analyst.
Sam Altman’s Worldcoin Launches Community Grants Program
The inaugural Wave0 program will invest an initial 2 million WLD ($5 million) across three grant tracks.
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The Chopping Block: Top White Hat Hacker Samczsun Discusses the State of Crypto Security
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, they are joined by Samczsun, an anonymous security researcher at Paradigm, who delves into the intricacies of crypto security, ethical hacking and the shifting landscape of smart contract vulnerabilities. He also discusses his strong feelings about the “Code Is Law” philosophy and gives tips on how people in crypto can best protect their online security.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Watch on YouTube here.
Daily Bits…✍️✍️✍️
📊 Terraform Labs requested a jury trial to determine if UST and LUNA tokens are securities, challenging the SEC's stance for a judicial decision.
🔚 JPMorgan CEO Jamie Dimon told Senator Elizabeth Warren that the government should shut down crypto, citing anti-money laundering concerns.
⚖️ Bitzlato cofounder Anatoly Legkodymov pleaded guilty to laundering over $700 million in illicit funds, confirming his awareness of criminal usage of the exchange.
⛏️ Bitcoin mining pool Ocean Mining, backed by Jack Dorsey, confirmed it will censor Ordinal inscriptions, sparking a backlash.
💱 An early Bitcoin miner moved 1,000 'Satoshi Era' BTC, originally mined for around $100, to trading desks, marking a rare transfer of such old tokens.
Today in Crypto Adoption...
🪙 Nubank Cripto partnered with Circle to offer USDC stablecoin, expanding access to digital dollars for over 85 million customers in Brazil.
🎮 Merit Circle DAO partnered with Immutable to foster web3 video game development, including launching Beam on Immutable zkEVM, powered by Polygon.
The $$$ Corner…
💹 Ethereum scaling startup Versatus closed $2.3 million in a seed round at a $50 million valuation, pivoting from building a Layer 1 network to blockchain scaling solutions.
What Do You Meme?
Recommended Reads
Unchained: What Is Block Finality in Crypto?
CoinDesk: Future of Solana's Hyped Saga Phone Is 'Under Internal Discussion' as Sales Figures Fail to Wow
📈 Your Market Update 📉
BTC is down 1.1, trading at $43,242
ETH is down .9%, trading at $2,241
BTC dominance: 51.05%
Crypto market cap: $1.65T
*All data as of today, 06:15 am ET
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