Gary Gensler vs. Ethereum? 💣
In today’s edition: 🔧 Ethereum devs' gas limit proposal, 💸 BlackRock's memecoin collection, and more!
👯♀️ Refer Unchained with a friend and earn a Premium subscription
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.
The Chopping Block: Memecoin Presales, MakerDAO’s Endgame, and BlackRock’s Blockchain Bet!
In this week’s episode, the squad dives into the riveting dynamics of memecoins and their undeniable sway over market sentiments, alongside a detailed exploration of BlackRock’s groundbreaking leap into blockchain with its on-chain fund initiative. Is Solana redefining its role as the new haven for meme coin ventures, signaling a shift in blockchain platform dominance? And with Ethereum’s recent 4844 and Dencun upgrades, can it hold its ground as the DeFi ecosystem’s backbone amidst escalating competition? We delve into MakerDAO’s ambitious “Endgame” strategy, contemplating its potential to reshape governance within the DeFi sector. The conversation doesn’t stop there; we untangle the complex web of crypto conspiracies and debate the evolving definition of “fair launch” in the decentralized space. This episode is packed with analysis and insights as we navigate the speculative excitement of memecoins, the strategic moves of blockchain giants, and the policies shaping the future of decentralized finance.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Jacob Oliver and Sam Sriram
SEC Investigating Ethereum Foundation Regarding Proof-of-Stake Transition: Report
Fortune reported on Wednesday that the SEC may have had its sights set on the Ethereum Foundation since as early as 2022, while CoinDesk wrote that the foundation faces an inquiry from an unnamed government agency.
‘Pump the Gas’: Ethereum Devs Propose Raising Gas Limit to Lower Layer 1 Fees
Some Ethereum developers have launched an initiative to raise the network’s gas limit to 40 million, which they expect will lead to a 15% to 33% reduction in layer 1 transaction costs.
BlackRock Receives Memecoins and NFTs After Putting $100 Million USDC Onchain
Anonymous users sent BlackRock’s wallet address memecoins and NFTs after the asset manager added $100 million in USDC to a wallet on Wednesday.
Daily Bits…✍️✍️✍️
👨⚖️ Dutch prosecutors laid out details of the $1.2 billion money laundering case against Tornado Cash developer Alexey Pertsev ahead of his trial.
🏛 Montenegro's Appellate Court dismissed Terra co-founder Do Kwon's appeal against his extradition to South Korea, based on the country's precedence in extradition requests.
📉 FTX CEO John Ray labeled Sam Bankman-Fried's claim of "zero harm" to customers as "reckless" and "false," ahead of Bankman-Fried's sentencing.
🛠️ Coinbase faced operational disruptions due to congestion on its Ethereum scaling solution, Base, prompting customer advisories to expect transaction delays and to resubmit transactions.
🌐 The UN reported that approximately half of North Korea's foreign currency earnings stem from cyberattacks on cryptocurrency firms, which has collectively resulted in losses of around $3 billion from 2017 to 2023 for those firms.
🔍 Congressman French Hill criticized the SEC for "overreach and failure" in the DEBT Box case, highlighting the sanctions brought against the SEC for “bad faith conduct.”
🇭🇰💰 Conflux Network is collaborating with AnchorX to beta-test "AxHKD," a Hong Kong dollar-pegged stablecoin, aiming for a launch in the second quarter to facilitate seamless exchanges.
🐶 Coinbase Derivatives announced the initiation of futures trading for dogecoin, litecoin, and bitcoin cash starting April 1, utilizing self-certification with CFTC for swift regulatory compliance.
🖥️ Starknet announced plans to implement parallel execution to enhance transaction speed and efficiency, which is a feature popularized by the Solana blockchain.
The $$$ Corner…
🌐 Ethereum Layer 2 developer Morph secured $20 million in funding led by Dragonfly, Pantera, and others to enhance its network focused on consumer applications.
🌍 Trade aggregator Ooga Booga garnered $1 million to support trades on the layer 1 network Berachain, which is still to launch on mainnet.
What Do You Meme?
Recommended Reads
CoinDesk: Solana Strained by Meme Coin Mania, But Co-Founder Yakovenko Welcomes the Test
The Defiant: ️L2 Activity Surges After Dencun
📈 Your Market Update 📉
BTC is up 6.3% trading at $66,915
ETH is up 9.3% trading at $3,542
BTC dominance: 49.57%
Crypto market cap: $2.65T
*All data as of today, 07:14 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!