Don't Miss the Next 10 Airdrops 🌟
In today’s edition: ⚖️ DeFi's core principles under scrutiny, 🌍 Do Kwon's extradition moves forward, 💥 $26M liquidated at Pac Finance, 🌉 Chainlink's new interoperability solution, and more!
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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.
On Wednesday, the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs, the team behind the prominent decentralized exchange (DEX) Uniswap, signaling a forthcoming enforcement action.
Amanda Tuminelli, Chief Legal Officer at the DeFi Education Fund, joined Unchained to unpack what the case could mean for Uniswap and the overall decentralized finance (DeFi) industry.
Amanda also talks about the DeFi Education Fund’s recent lawsuit against the SEC over its airdrop policies and the industry’s need for a proactive counteroffensive approach in dealing with the SEC.
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 Michael Bodley, Sam Sriram, David Z. Morris, and Sage Young
Top 10 Crypto Projects With Points Programs That Haven’t Held Airdrops Yet
Crypto-specific points programs are still in their infancy and yet have become increasingly popular as a way for crypto protocols to reward and track the engagement of their early adopters.
The Very Soul of DeFi Is on Trial With the Avi Eisenberg and Uniswap Cases
Is code really law? Can it ever be? And who’s responsible when it fails?
SEC Puts DeFi in Its Sights With Potential Uniswap Suit
The SEC delivering a Wells notice to Uniswap Labs marks the regulator’s largest decentralized target to date, industry participants said.
Why Do Kwon’s Extradition to the US Looks More Likely
The Montenegrin court has once again approved Do Kwon’s extradition, leaving the decision in the hands of Justice Minister Andrej Milovic.
$26 Million Liquidated In Six Seconds as Pac Finance Unexpectedly Changes Parameter
The Pac Finance team said it is in touch with impacted users to develop a plan to mitigate their issues, after the developer wallet implemented a parameter change without warning that triggered $26 million worth of liquidations.
Chainlink Rolls Out Transporter, a Bridging Application Built on Its Cross Chain Interoperability Protocol
The announcement of Transporter comes as CCIP has generated about $422,000 in revenue since the start of 2024, a Dune dashboard created by Chainlink node operator LinkPool shows.
Daily Bits…✍️✍️✍️
⚖️ Sam Bankman-Fried launched an appeal against his conviction and nearly 25-year sentence for fraud, challenging both the verdict and the severity of his punishment.
💰 BlackRock's IBIT spot bitcoin ETF achieved $15 billion in inflows in just three months, ranking it among the top 100 ETFs by assets under management.
🌐 EigenLayer launched six new actively validated services including Ethereum-native oracles and faster rollups.
🛠️ Anza proposed congestion fixes for Solana on the devnet and seeks validation from testnet validators to ensure effectiveness ahead of a mainnet deployment.
🕵️♂️ The FBI subpoenaed attendees of a 2022 Bitcoin core developer event following the theft of over 200 BTC from developer Luke Dashjr, aiming to investigate the significant loss.
👨⚖️ Crypto trader Avi Eisenberg, facing a potential 20-year sentence, may testify in his $110M Mango Markets fraud trial, with his defense asserting the legality of his trading strategy.
💹 Ondo Finance's token surged 8% as it successfully tested instant conversions from BlackRock's BUIDL fund to USDC stablecoin via Circle's new smart contract functionality.
🇦🇺 Craig Wright, claiming to be Bitcoin creator Satoshi Nakamoto, ceased his defamation appeal in Norway, solidifying a prior court defeat concerning his identity dispute with Magnus Granath.
🔧 Ethereum is gearing up for the 'Pectra' upgrade, focusing on minor code enhancements and user experience improvements for institutional stakers.
Today in Crypto Adoption...
🤝 TON Foundation partnered with HashKey to improve fiat access for Telegram wallet users in Asia, aiming to enhance user experience and support early-stage projects within the TON ecosystem.
What Do You Meme?
Recommended Reads
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CoinDesk: Hong Kong-Listed Bitcoin ETFs Could Unlock Up to $25B in Demand, Crypto Firm Says
📈 Your Market Update 📉
BTC is up .4%, trading at $70,736
ETH is down .9%, trading at $3,524
BTC dominance: 50.64%
Crypto market cap: $2.75T
*All data as of today, 06:57 am ET. Source: CoinGecko
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