Changed Your Mind Again? 🤨
In today’s edition: 🚜 Scroll's airdrop farming spike was preventable, 🏛️ Argentina's capital city adopts blockchain ID for millions, and more!
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What’s Poppin’?
by Juan Aranovich and Tikta
Sky Could Go Back to Being MakerDAO
Maker cofounder Rune Christensen proposed reinstating the Maker brand, using MKR as the DAO’s sole governance token.
Scroll Is the Latest Victim of Airdrop Farmers, But the Situation Was Preventable
Airdrop farmers drove a spike in total value locked ahead of Scroll’s snapshot and token airdrop, but the gains didn’t last.
Buenos Aires Launches Blockchain-Based Digital Identity for 3.6 Million Citizens
The capital city of Argentina introduced QuarkID, a blockchain-based identity system that enhances privacy and security for millions using ZK technology.
Earn bitcoin on Gemini here.
Daily Bits… ✍️✍️✍
🦧 ApeChain's launch triggered a sharp rise in Apecoin's value and Bored Ape Yacht Club NFTs, with the new Ethereum Layer 3 blockchain driving major activity in decentralized trading and meme tokens.
🗳️ Kalshi’s newly launched election prediction market has attracted $30 million in volume within three weeks, trailing behind Polymarket, which has seen over $2 billion in trades since the start of 2024.
💸 Ripple co-founder Chris Larsen donated $10 million worth of XRP to Vice President Kamala Harris' election campaign, aiming to boost Democratic support for tech and crypto innovation.
📜 CFTC Chair Rostin Behnam urged Congress to act on crypto regulation and election betting legislation but expressed doubt that any significant progress will happen before 2025.
The $$$ Corner…
🇸🇬 Nomura-backed Komainu is acquiring Singaporean crypto custodian Propine, strengthening its presence in Asia and enhancing its regulatory-compliant custody services amid growing demand.
💰 Karpatkey, a provider of onchain treasury management solutions for DAOs, secured $7 million in funding to expand its services to more decentralized organizations and traditional financial institutions.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 1.8%, trading at $67,057
ETH is down 2.7%, trading at $2,631
BTC dominance: 54.62%
Crypto market cap: $2.42T
*All data as of today, 06:25 am ET. Source: CoinGecko
Recommended Reads
Omid Malekan’s rebuttal to the paper by Bindseil & Schaaf (of the ECB) on Bitcoin's utility
The Defiant: Is Saylorism Dead? Microstrategy CEO Goes 180 On His Bitcoin Stance
DL News: Why UK tax hikes risk sending crypto businesses elsewhere
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