Even THEM? 🤦
In today’s edition: 🚀🗣 An odd conversation sends GOAT's market cap over $850M, 🌐 Pro-crypto win in Pennsylvania House, 💡 A case for pro-innovation rules, and more!
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What’s Poppin’?
by Veronica Irwin, Sage D. Young, and Tikta
Hackers Steal $20 Million From US Government Wallets: Arkham
Around $20 million in USDC, USDT, aUSDC, and ETH have been suspiciously moved from a US government-linked address.
GOAT Hits a Record $879 Million Market Cap After Brian Armstrong Offers to Help Truth Terminal
When Coinbase CEO Brian Armstrong offered the artificial intelligence bot help, @Truth_Terminal, however, responded by inquiring about “Russell,” prompting traders to speculate on a dog-themed Base memecoin.
Pennsylvania House Passes Pro-Crypto Bill by Wide Margin
The measure received strong bipartisan support, and now moves on to the State Senate for further approval.
OPINION: Why It’s Critical for the US to Pursue a Pro-Innovation Approach to Software Regulation
by Miller Whitehouse-Levine & Lizandro Pieper
Unlike the European Union, the US seems open to holding users of new technology liable for injuries or damage, rather than the technology’s creators. Here’s why the US needs to stay true to that approach.
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Daily Bits… ✍️✍️✍
🛠️ Kraken is launching its own Ethereum layer 2 network, Ink, using Optimism’s technology, joining major players such as Coinbase and Sony in building blockchain solutions on the OP Stack, with a target launch in early 2025.
🇫🇷 A French trader behind the $45 million in bets on Polymarket, speculating on Donald Trump’s election victory, has been identified, with the platform confirming no market manipulation attempts were made.
🛫 After spending eight months in Nigerian detention, Binance executive Tigran Gambaryan has been released and left the country following the dropping of money laundering charges.
📜 Ripple filed a cross-appeal against the SEC, aiming to contest the classification of XRP as an unregistered security and potentially reshape US digital asset regulations.
🤖 A mysterious wallet made a quick profit by buying the RUSSEL token right before the AI bot Truth Terminal tweeted about it, raising questions about possible manipulation.
💻 Microsoft shareholders will vote in December on whether to invest in bitcoin, but the company’s board has recommended against it, despite Bitcoin already being integrated into some of its technologies.
🔄 Jito DAO proposed to take a 3% cut of all MEV fees collected by its protocol, the move could generate over $22 million annually for the DAO.
The $$$ Corner…
💰 Skyfire, an AI-driven payments company, raised a total of $9.5 million with new backing from Coinbase Ventures and a16z’s crypto accelerator, aiming to develop autonomous payment systems for AI agents.
🏋️♂️ Moonwalk Fitness raised $3.4 million in seed funding to incentivize users to meet fitness goals by staking cryptocurrency, with penalties for failing to do so.
🌐 GnosisDAO is launching a $40 million venture fund to invest in early-stage projects focused on real-world assets, crypto infrastructure, and payments, as part of its Gnosis 3.0 roadmap.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 1.1%, trading at $67,773
ETH is up 0.4%, trading at $2,539
BTC dominance: 55.25%
Crypto market cap: $2.42T
*All data as of today, 06:30 am ET. Source: CoinGecko
Recommended Reads
WIRED: Meet ZachXBT, the Masked Vigilante Tracking Down Billions in Crypto Scams and Theft
Central Banks Attack Early Bitcoin Adopters - What They Got Wrong (and Right) by Sam Callahan & Nat Brunell
Sam Kazemian, founder of Frax, on valuing L1 and L2 tokens
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