Game Over ☠️
In today’s edition: 🎮 End of the road in 'Crypto: The Game', 💼 Genesis settles NYAG lawsuit, 📆 Ethereum's Dencun set for March 13, ⚖️ Do Kwon's appeal success, and more!
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🍿 Today! Live Spaces on ‘Crypto: The Game’
Make sure you don’t miss today’s Spaces to hear everything about ‘Crypto: The Game.’
What time? 4:30 pm ET / 1:30 pm PT
Unchained founder and CEO Laura Shin will be chatting with the game’s founder Dylan Abruscato as well as other notable players from CTG!
On Tuesday, Solana suffered a network outage, just shy of a year since its last shutdown. The blockchain had to quickly get a new version out and notify its validators to upgrade to it and restart their systems before blocks could be produced again, resulting in downtime of roughly five hours. While Solana has struggled with outages in the past, this issue seemed to have largely been addressed over the past year.
Lucas Bruder, the CEO of Jito Labs, a Solana infrastructure provider that staged a successful airdrop last year which played a part in rejuvenating the blockchain, joined Unchained to discuss what caused the outage, whether it’s something that builders on Solana should be concerned about for the future, recent improvements Solana has made to its technology, whether the implementation of Firedancer would have prevented this incident, and the promise of the Solana phone.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Sam Sriram, and Sage Young
Genesis Settles NYAG Fraud Lawsuit: Report
Bankrupt crypto lender Genesis has settled a lawsuit brought by the New York Attorney General (NYAG) Letitia James. The settlement is structured to pay back Gemini Earn customers and other creditors with funds that would have otherwise gone to the authorities.
Day 9: Cutthroat Contestants Put an End to My Time in “Crypto: The Game”
Gameplay is over for Unchained reporter Sage Young and 348 other contestants. But the politicking is set to continue as the winner is chosen by those cast off.
Ethereum Developers Set March 13 for Ethereum’s Major ‘Dencun’ Network Upgrade
Dencun, an Ethereum upgrade which will introduce “proto-danksharding,” is the most substantial update to the network since last April’s “Shapella” upgrade.
Do Kwon Wins Appeal Against Extradition From Montenegro
The Court of Appeals in Montenegro accepted an appeal from Terra founder Do Kwon’s lawyers, overturning a decision from the High Court granting his extradition to either the US or South Korea.
Daily Bits…✍️✍️✍️
📜 U.S. Republican Senators criticized SEC Chair Gary Gensler for the agency's handling of the DEBT Box crypto case, questioning the integrity of SEC's broader enforcement actions.
🏀 Investors filed a lawsuit against the NBA and lawyers representing collapsed crypto lender Voyager Digital, alleging promotion and defense of the firm contributed to $4.2 billion in losses.
⏸ Optimism plans to pause ETH withdrawals for an hour to test its upgraded incident response system, aiming to enhance cross-chain security coordination.
🛠 Solana DEX aggregator Jupiter revealed three potential candidates for its next launchpad token, following the successful airdrop of its JUP token.
🔄 CoinDesk's new owner Bullish appointed Sara Stratoberdha as CEO, replacing Kevin Worth, amidst a major restructuring of the company.
🔐 Polygon Labs achieved Type 1 status with its zkEVM prover, enhancing Ethereum compatibility without altering its core components.
🔗 StarkWare introduced the "Cairo Verifier" for its Layer-2 blockchain, a technology enabling verification of proofs on layer-3 application-based chains.
The $$$ Corner…
💹 Crypto yield marketplace Superform, founded by ex-BlockTower investors, garnered $6.5 million, launching a cross-chain yield platform to simplify DeFi usage.
🌐Ethereum DEX aggregator Flood secured a $5.2 million seed round led by Bain Capital Crypto.
What Do You Meme?
Recommended Reads
Unchained: What Is Chainlink's CCIP? A Guide to the Cross-Chain Interoperability Protocol
Eli5 DeFi on ERC-404
The Defiant: The Proposed IRS Broker Reporting Rules Would Effectively Kill DeFi
📈 Your Market Update 📉
BTC is up 4.9%, trading at $46,950
ETH is up 2.4%, trading at $2,479
BTC dominance: 49.55%
Crypto market cap: $1.85T
*All data as of today, 06:45 am ET. Source: CoinGecko
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