NYAG Compensates Creditors? 🕵🏼♀️
In today’s edition: 🚀 UNI soars on new plan, 💡 Satoshi's notable quotes, ⏳ Avalanche's 5-hour downtime, 💥 AI tokens' potential rise, 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.
Fifteen years after the birth of Bitcoin, the network is now entering an era of remarkable innovation and change, according to Stacks’ co-creator Muneeb Ali.
On this episode of Unchained recorded at the Bitcoin Builders conference, Muneeb explores the complexities and advancements within Bitcoin’s layer 1 and layer 2. He shares his perspectives on what’s fueling innovation in Bitcoin’s layer 1 and discusses the implications of Ordinal Inscriptions amid criticism of it by core developers.
He delves into the various scaling solutions within Bitcoin, highlighting how trust assumptions vary among them, and how BitVM could be a ‘game changer’. He goes over the advantages of integrating smart contracts on Bitcoin, and why he considers bitcoin (BTC) the only true form of monetary asset.
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 Euny Hong, Brandy Betz, Kari McMahon and Sage Young
Victims’ Fund for Genesis Creditors Could Set a Major Precedent in Crypto Bankruptcy Cases, If Approved
A settlement agreement between the New York Attorney General and bankrupt lender Genesis includes a victims’ fund that addresses harm done to Genesis creditors and seeks to compensate them accordingly. But will it actually get approved? A hearing on the agreement will take place today.
Uniswap’s UNI Soars on Proposal to Distribute Protocol Fees to Token Holders
The proposal aims to address how free-riding and apathy “remain existential risks” to the sustainability of Uniswap, the largest decentralized exchange (DEX) by trading volume.
Satoshi’s Emails to a Bitcoin Co-Developer: The 5 Most Revealing Quotes
One of the early co-developers of Bitcoin, Martti Malmi, randomly tweeted a link containing the text of emails between himself and Bitcoin creator Satoshi Nakamoto.
Avalanche Back Up After 5-Hour Outage
On Friday, layer 1 blockchain Avalanche resumed finalizing blocks on its network as validator nodes were upgraded to patch the bug that stalled them from reaching consensus.
What Does Nvidia’s $2 Trillion Valuation Mean for AI Tokens?
Tech giant Nvidia hit a new market capitalization milestone after a stellar fourth-quarter earnings report, driven by strong demand for artificial intelligence (AI) hardware, sent AI-related token higher.
Daily Bits…✍️✍️✍️
⚖️ A federal judge approved Binance's $4.3 billion plea deal with US prosecutors, addressing past violations of sanctions and anti-money laundering laws, with additional compliance measures yet to be confirmed.
🛠️ The Texas Blockchain Council and Riot Platforms are suing the U.S. Department of Energy, arguing that a demand for information without adequate notice could cause immediate and irreparable harm.
⛏️ Meanwhile, Riot Platforms reported a record total revenue of $281 million in 2023, boosted by increased bitcoin (BTC) production and favorable market conditions.
🥞 PancakeSwap is launching an “affiliates” program, allowing its CAKE token holders to benefit from the success of affiliate forks through the receipt of native decentralized exchange (DEX) tokens from these affiliates.
🎰 RiskOnBlast, a Blast-based gambling platform, is accused of executing a rug pull, allegedly siphoning off $1.3 million in ether (ETH) from presale participants.
🔄 Frax Finance is considering a rewards proposal similar to Uniswap's, aiming to share protocol revenue with veFXS token stakers, pending community approval.
💻 MicroStrategy's X account appears to have been hacked, with phishing messages potentially leading to the theft of at least $440,000.
🌍 The cumulative investment in crypto and blockchain projects has exceeded $90 billion. February saw significant contributions from investors such as Animoca Brands and Polychain Capital to new projects.
🔒 Aleo, a decentralized blockchain platform focusing on zero-knowledge cryptography, faces user privacy concerns following an inadvertent leak of KYC documents, as reported by users on X.
🧑💼 Carson Group, a financial advisor platform managing $30 billion, approved only four spot Bitcoin ETFs on its platform, focusing on those offered by BlackRock, Fidelity, Franklin Templeton, and Bitwise.
📱 Social media platform Farcaster introduced support for Solana addresses, allowing users to verify their accounts using Solana-compatible wallets.
Today in Crypto Adoption...
🏦 OANDA, a global brokerage firm, launched a FCA-registered crypto trading platform in the UK, offering trading in over 63 cryptocurrency pairs.
What Do You Meme?
Recommended Reads
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DL News: Pro-crypto super PACs gird for battle in US congressional elections this year
Hitesh.eth on ZkML
📈 Your Market Update 📉
BTC is down .8%, trading at $51,197
ETH is up 1.3%, trading at $3,064
BTC dominance: 48.14%
Crypto market cap: $2.08T
*All data as of today, 05:51 am ET. Source: CoinGecko
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