⛔ Halting the 700 Million ARB Transfer
In today's edition: 🎙️ New episode of The Chopping Block!, 🧑⚖️ new developments in Tornado Cash lawsuit, 📄 more news on the Arbitrum proposal, and more!
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On the Pod…
The Chopping Block: Is Ether the Only ‘Organic Yield’ in Crypto?
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news.
In this episode, they are joined by Laura Shin, author, journalist, and host of Unchained, to discuss the drama around the Arbitrum governance’s proposal, the MEV attack on Ethereum, the Shanghai upgrade… and much more!
What’s Poppin’?
by Samyuktha Sriram
Coinbase-Backed Legal Challenge to Tornado Cash Sanctions Files Court Action
A new court action filed by plaintiffs in a Coinbase-backed lawsuit against the U.S. Treasury calls for judgement on two counts of the original complaint.
Arbitrum Won’t Move 700 Million Tokens Without DAO Approval
The Arbitrum Foundation has committed to holding the remaining ARB tokens in its wallet until the DAO approves two governance proposals put forth on Wednesday.
Ethereum Builders Join Forces to Launch MEV Blocker
A joint initiative from several Ethereum protocols will protect everyday blockchain users from being front-run by MEV bots.
PancakeSwap Forks Uniswap V3, Draws $140 Million in Total Value Locked
PancakeSwap V3 has attracted millions of dollars of liquidity in the four days since it deployed a forked version of Uniswap V3.
Daily Bits…✍️✍️✍️
Binance declined an offer from Tron founder Justin Sun to purchase his stake in competitor Huobi due to its alleged links to China, which the exchange wants to distance itself from, according to an anonymous source.
Bob Lee, the creator of Cash App and chief product officer of MobileCoin, was murdered in San Francisco at the age of 43. No arrests have been made.
M11 Credit resumed crypto lending on decentralized credit marketplace Maple Finance after pausing its operations following the collapse of crypto exchange FTX, which caused $36 million of loan defaults.
Mark Lamb, cofounder of CoinFLEX, offered Bitcoin Cash promoter Roger Ver an “olive branch” that includes two years of free trading on OPNX to settle an alleged $84 million debt between them and end their longstanding feud.
Menai Financial Group is closing its market-making business in London and Tokyo to refocus and invest in its asset-management business.
Fabian Vogelsteller, the creator of the ERC-20 token standard on Ethereum, announced his new project, a layer 1 blockchain called "LUKSO," which aims to serve the needs of the creative industry.
India's retail CBDC architects aim to scale the digital rupee user base to 1 million in three months, prioritizing an offline version, according to sources.
The Bitcoin Whitepaper has been hidden inside every copy of MacOS from 2018 onwards.
Today in Crypto Adoption...
The Japanese government published a white paper outlining recommendations to promote growth in the country’s Web3 industry, including proposals for clearer accounting standards, tax reform, and a law to regulate decentralized autonomous organizations (DAOs).
Singapore's central bank and police authorities are collaborating with banks to provide guidance on how to vet crypto accounts by setting uniform standards, with an industry report expected to outline best practices in the next two months.
The $$$ Corner…
Blockchain gaming platform RACA received $16 million in funding from DWF Labs, which will support the startup's efforts to create a Web3 gaming ecosystem.
🤓 Learn
What Is an NFT Marketplace?
Discover the world of NFTs and how marketplaces like OpenSea, Rarible, Nifty Gateway, LooksRare, and Blur are changing the game for buying and selling unique digital assets.
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📈 Your Market Update 📉
BTC is down 2.1%, trading at $27,870
ETH is down 2.6%, trading at $1,863
BTC dominance: 45.8%
Crypto market cap: $1.22 trillion
*All data as of today, 7 am ET
Recommended Reads
Lyn Alden on open monetary and information networks
Brendan Farmer on zkEVMs, EVM equivalence and more
Colin Wilhelm on how the SEC has filled the vacuum of "regulatory gaps" identified by President Biden's administration.
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