A Not Very Decentralized DAO 🫣
In today's edition: 🤠 Abritrum DAO's drama, 💲 Millions in BTC sold by the Government, 🦄 Uni V3 for everybody, 🫱 FTX Europe withdrawals, and more!
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On the Pod…
Why the CFTC Case Against Binance Will Have Very Important Consequences for Crypto
What’s Poppin’?
by Samyuktha Sriram
Arbitrum Backtracks on AIP-1 After Community Backlash
The Arbitrum Foundation said it would break down AIP-1 into separate proposals after frustrated DAO participants voiced concerns.
The US Government Sold 9,800 Bitcoin in March
The U.S. government executed a sale of the first batch of BTC seized from the Silk Road hacker in November.
Uniswap V3 Forks Are Now Legal After BSL Expiry
Uniswap V3’s Business Source License expired on April 1, opening the gates for developers to fork the decentralized exchange.
FTX Europe Starts Process to Return User Funds
FTX’s Europe based subsidiary is taking withdrawal requests on a website dedicated to users in the region with funds stranded on the exchange.
Daily Bits…✍️✍️✍️
A judge in New York delayed Binance.US's $1 billion deal to acquire the assets of bankrupt crypto lender Voyager, stating that the U.S. government has a "substantial case on the merits" to block the acquisition.
Bittrex is shutting down in the U.S. due to regulatory uncertainty and dwindling trading volumes of less than 1% of the market, with CEO Richie Lai stating that it is no longer economically viable to operate in the current environment.
FTX proposed an order for Deltec International Group to turn over the assets from a promissory note linked to Alameda Research and former FTX executive Ryan Salame, and a hearing on the order is set for April 12 as part of bankruptcy proceedings.
Some FTX customers are still hoping for the exchange to come back to life despite its collapse and founder Samuel Bankman-Fried's criminal fraud charges.
Kansas Senator Roger Marshall is being criticized by conservative groups, including the Club for Growth, Americans for Tax Reform, and FreedomWorks, for teaming up with Democratic lawmakers on digital asset legislation, accusing him of supporting "big government" and slowing down innovation.
Elon Musk and Tesla asked a U.S. judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support Dogecoin, calling the suit a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about the cryptocurrency.
Binance, its CEO Changpeng Zhao, and others, including NBA star Jimmy Butler, were hit with a $1 billion lawsuit for promoting unregistered securities.
Tron founder Justin Sun said that his term as Grenada's Ambassador to the World Trade Organization is coming to an end, contrary to other reports that claim he was stripped of his position after the June 2022 elections in the country.
Japan's Financial Services Agency issued a warning letter flagging four crypto exchanges, including Bybit, BitForex, MEXC Global, and Bitget, for operating without proper registration.
TrueUSD (TUSD) stablecoin's daily trading volume increased to over $1 billion, according to CoinGecko's data.
Today in Crypto Adoption...
ZeroSync Association and Blockstream announced their plan to broadcast Bitcoin zero-knowledge proofs from Blockstream's satellite.
Kraken partnered with Williams Racing to display the opening excerpt of the Bitcoin whitepaper on the team's cars at the Australian Grand Prix.
The $$$ Corner…
Alchemy Pay, a Singapore-based payments provider, secured $10 million in funding from DWF Labs to expand its business in South Korea, valuing the company at $400 million.
🤓 Learn
Ethereum’s Shanghai Upgrade: Why Everyone Is Talking About It
The upcoming Shanghai Upgrade will let Ethereum’s half-million stakers get their money back—all $26 billion of it.
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📈 Your Market Update 📉
BTC is down .36%, trading at $28,241
ETH is down .64%, trading at $1,807
BTC dominance: 46.23%
Crypto market cap: $1.19 trillion
*All data as of today, 6 am ET
Recommended Reads
@tayvano_ on U.S. government’s plans to sell BTC associated with Silk Road
The selling of this bitcoin is, by far, the least interesting part of the saga. The govt's seizure, the dude who had his bitcoin seized, and why it even got seized in the first place is full of so many amazing, hysterical, enraging gems. Heads up...not a short story. Buckle up.[DB] US Govt Sold 9,800 BTC on March 14, Intends to Sell a Further 41,500 BTC Connected to Silk Road in Four Batches Over the Course of the Year: Court Filing
db @tier10kGabriel Shapiro on real and fake DAOs
Jonathan Galea on whether DeFi is excluded from the Markets in Crypto Assets Regulation (MiCA)
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