🌍 Crypto's 2024 Election Implications
In today’s edition: 🔝 What's next for ether (ETH)?,🔍 ETHDenver preview, 🤯 BTC over $59K, 🚀 Arweave's AI in smart contracts, and more!
👯♀️ Refer Unchained with a friend and earn a Premium subscription
VaultCraft by Popcorn is your no-code, DeFi toolkit for building automated, non-custodial yield strategies. Learn more on vaultcraft.io about how you can supercharge your crypto portfolio!
Union is the first sovereign interoperability layer pioneering trustless bridging between appchains, L1s, and L2s without depending on trusted third parties, oracles, multi-signatures, or MPC. Looking to future-proof blockchain bridging, it is the only protocol that fully addresses the sovereign bridging trilemma, unlocking a horizontally-scaled future.
Well-known white hat hacker and head of security at Paradigm samczsun recently took the wraps off a new security organization called the Security Alliance (SEAL) that offers a 911 hotline for immediate response to security threats, runs war games to simulate potential security incidents, and provides a safe harbor agreement to protect white hat hackers from legal liabilities.
He joined Unchained to discuss why he and his fellow white hat hackers decided to start the Security Alliance and how it operates, how the safe harbor agreement works, the measures he takes to maintain his anonymity and why, the top security measures people in crypto should take to protect themselves, and what attack areas in crypto Sam still considers “scary.”
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Brandy Betz, Sage Young and Dilin Massand
2024 Is the Biggest Global Election Year Ever, So What Does That Mean for Crypto?
Elections in various parts of the world, from India to the US, will have significant implications for digital assets this year.
Is Ether Heading for $3,500?
The price of ether (ETH) passed above $3,000 last week for the first time since April 2022. What’s the next milestone for the world’s second-largest digital asset?
ETHDenver Comes at a Critical Time for Ethereum: Here’s What to Expect
This year’s ETHDenver finds itself at the convergence of several significant events in the crypto space.
Arweave AO Brings AI Models Into Smart Contracts
Decentralized storage network Arweave’s new hyper-parallel computer AO offers a new way to infinitely scale blockchains to handle larger computational workloads, according to Arweave co-founder and CEO Sam Williams.
Daily Bits…✍️✍️✍️
⚖️ Sam Bankman-Fried's legal team suggested a prison sentence of 63 to 78 months, emphasizing his philanthropic efforts and arguing against the proposed 100-year sentence.
📈 BlackRock's bitcoin ETF achieved a second day of trading over $1 billion, reflecting heightened market interest amidst bitcoin's price surge.
🔐 Kraken introduced an institutional-focused platform, consolidating its offerings into one place, with a full product suite launch expected later this year.
📊 Benchmark initiated coverage of MicroStrategy with a “buy” rating, projecting bitcoin to reach $125,000 by the end of 2025 and emphasizing the company's strategic bitcoin investments.
🔒 Gauntlet collaborated with Morpho Labs to become its “risk curator” after parting ways with Aave amid strategic disputes.
🔍 The IRS enhanced its crypto tax enforcement strategy by hiring two private-sector experts, aiming to improve service, reporting, compliance, and enforcement programs related to digital assets.
💼 Justin Sun showcased a screenshot of his HTX wallet, claiming it holds $1.6 billion in bitcoin, countering rumors of his inactivity on the HTX exchange where he advises.
🦄 Uniswap unveiled three new tools to enhance user transactions, including a browser extension wallet, a limit order engine, and data insights pages, aiming for easier and more efficient trading on its platform.
Today in Crypto Adoption...
🌐 Fidelity Canada recommends incorporating a 1% to 3% allocation to cryptocurrency in its four flagship ETF products, highlighting digital assets' growing mainstream acceptance.
🏦 Hong Kong plans to launch a regulatory sandbox for stablecoin issuers to foster innovation while ensuring cybersecurity and investor protection.
The $$$ Corner…
💰 A team of former Terra and Cosmos developers secured $7.5 million in funding for Initia, a new blockchain platform focused on supporting interoperability between multiple layer 2 networks.
What Do You Meme?
Recommended Reads
Risk Management in DeFi: Paternalism vs. the Invisible Hand by Michael Bentley
DL News: Stablecoins win 60% of crypto volume as soaring coins lure bets on reliability
Unchained: Nearly Half of Major Crypto Airdrops Peak in Value Within First 2 Weeks: CoinGecko
📈 Your Market Update 📉
BTC is up 5%, trading at $59,258
ETH is up 2.7%, trading at $3,339
BTC dominance: 50.07%
Crypto market cap: $2.33T
*All data as of today, 06:44 am ET. Source: CoinGecko
We Are Hiring!
A Sponsorships Manager to grow sponsorships across all its platforms as the publication itself grows. See the details and apply here.
A Bitcoin Reporter to cover all things Bitcoin. See the details and apply here.
A Regulatory Reporter to cover regulatory topics in the space. See the details and apply here.
A Senior Editor to help assign and edit daily news stories, as well as work on features and other editorial projects as needed. See the details and apply here.
An Audience Development Director to broaden the reach of the publication’s content, whether through the web, social media, newsletters, podcast platforms, or videos. See the details and apply here.
🔝 Are you hiring and want to promote the postings in the Unchained newsletter? Let us know!