A ‘Pile of Dog Shit’ 💩 🐕
In today’s edition: ⌚ Ethereum on your smart watch?, 💥 ETH holdings on Base reach new high, 🤔 Rune Christensen on SKY token’s flop, and more!
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What’s Poppin’?
by Nelson Wang, Sage D. Young, and Tikta
Are Real World Assets Just a Wrapper on a ‘Pile of Dog Shit’? 2 Crypto Heavyweights Debate
Superstate’s Robert Leshner argued tokenizing real-world assets holds great potential, while Crucible’s Meltem Demirors likened the practice to putting lipstick on a pig.
Ethereum’s Goal for The Verge: Consensus and Execution on a Smart Watch
Ethereum co-founder Vitalik Buterin said fully-verifying the chain should be so computationally affordable that even a smart watch can do it by default.
Primary Bridge for Coinbase’s L2 Base Reaches Record Level of ETH Held
The amount of ether in Base’s bridge has climbed to an all-time high of nearly 623,130 ETH, which is currently worth about $1.6 billion.
SKY Token Really Didn’t Do What I Expected, Says MakerDAO’s Rune Christensen
“USDS is great…but you don’t have to mess with the Maker brand,” was the feedback MakerDAO co-founder Rune Christensen received.
ICYMI 👀
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Daily Bits… ✍️✍️✍
🪙 Across Protocol proposed capping the supply of its ACX token after LayerZero Labs CEO raised concerns about the token contract’s minting and burning functions, leading to community discussions on governance and security.
🚨 The Financial Stability Board and Bank for International Settlements warned that widespread tokenization could create vulnerabilities in the financial system, calling for more oversight and regulation.
📊 Solana’s governance hub Realms is now under new management as it spins out from under Solana Labs. It aims to become profitable by offering advisory services and tools for DAOs, while keeping core governance features free.
📜 Tether CEO Paolo Ardoino expressed optimism about forthcoming US crypto regulations, highlighting Tether’s cooperation with global governments and the company’s resilience in navigating regulatory challenges.
⛏️ Bitcoin's mining difficulty hit a new record high as the network's hash rate reached unprecedented levels, driven by an increase in computational power following the latest halving event.
Today in Crypto Adoption...
🧑💻 Aurum Equity Partners launched a $1 billion tokenized fund on the XRP Ledger to invest in data centers across the US, UAE, India, and Europe, claiming to be the first to combine equity and debt in a tokenized format.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 1.2%, trading at $66,488
ETH is down 1.9%, trading at $2,584
BTC dominance: 54.77%
Crypto market cap: $2.4T
*All data as of today, 07:20 am ET. Source: CoinGecko
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