Extracting From the Extractors 🤖
In today's edition: 🎙️ New episode on the crackdown on crypto, 🖥️ Ethereum validator slashed, 💰 $200 million returned, and more!
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New Episode Today!
Is the Government Trying to Kill Off Crypto in the US?
Brian Quintenz, head of policy for a16z crypto, and Nic Carter, general partner at Castle Island Ventures, talk about Operation Choke Point 2.0, the relationship between the government and the crypto industry, the status of different tokens as securities or commodities, and potential future developments in the space.
What’s Poppin’?
by Samyuktha Sriram
Rogue Ethereum Validator Slashed After $25 Million MEV Bot Attack
A validator was slashed from the network after he managed to steal $25 million from MEV sandwich bots on Monday.
$160 Million in Assets Seized From Terra Employees: Report
Prosecutors in South Korea have seized property tied to eight Terraform Labs employees to ensure they remain a part of potential criminal proceedings.
Binance CEO Rumor Encrypted in Message Spooks Crypto Market
A SHA-256 hash encrypted message with the text “Interpol Red Notice for CZ” led to a few hours of chaos on Monday.
Euler Hacker Returns All $200 Million Stolen in Exploit
Euler Finance confirmed on Monday that the protocol’s hacker had returned the entirety of crypto stolen in last month’s exploit.
Daily Bits…✍️✍️✍️
Voyager is taking legal action to ensure that the $1 billion purchase by Binance.US goes ahead, with the company and its creditors at risk of losing $100 million if government objections are not resolved by April 13.
WonderFi, Coinsquare, and CoinSmart, three Canadian crypto exchanges, are set to merge to create one of the world's largest crypto trading platforms, with a combined total of 1.65 million users and more than $600 million in assets under custody.
Decentralized exchange PancakeSwap launched Version 3 on the Ethereum and Binance Smart Chain networks, offering cheaper fees for on-chain trades and increased returns for liquidity providers.
The BNB Chain team announced on Twitter that they have identified the individual responsible for the recent exploit on Allbridge, which caused a loss of an estimated $570,000.
Bitcoin miners' revenue increased by 20% in March as they brought in a total of $755.4 million, with most of the revenue coming from block rewards and the rest from transaction fees.
The price of Dogecoin (DOGE) jumped by over 30% after Elon Musk's Twitter replaced the platform's logo with DOGE's Shiba Inu dog symbol.
Today in Crypto Adoption...
Credit Agricole CIB and SEB, two major traditional European banks, partnered to create an eco-friendly blockchain-based platform for digital bonds.
The Dfinity Foundation issued ckBTC, a twin token that is backed on a 1:1 basis with Bitcoin (BTC), allowing faster and cheaper BTC transactions with layer-2 capabilities along with greater security and decentralization.
The $$$ Corner…
Li.Fi, a multichain liquidity and data gateway provider, secured $17.5 million in a Series A funding round led by CoinFund and Superscrypt.
🤓 Learn
A Basic Guide to Base, Coinbase’s Ethereum Layer-2
This explainer will quickly get you up to speed on L2s and other projects working to scale Ethereum, and then dive into what Base says it can bring to the table.
What Do You Meme?
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📈 Your Market Update 📉
BTC is up .3%, trading at $28,253
ETH is up 3.01%, trading at $1,861
BTC dominance: 45.56%
Crypto market cap: $1.19 trillion
*All data as of today, 6 am ET
Recommended Reads
Politico: U.S. Diplomat to Washington: You’re Becoming Obsolete in One Big Area of Tech Policy
Jameson Lopp on the history of Bitcoin maximalism
Sam Andrew on the CFTC vs Binance saga
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