SBF Sentencing Today: What to Expect 🤔
In today’s edition: 📈 3 reasons behind Base's growth, ❌ Coinbase's SEC motion rejected, 💸 BlobScriptions' impact on fees, 💡 Ether ETF optimism from BlackRock's Fink, 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.
Opinion: What to Expect from Sam Bankman-Fried’s Sentencing – and the Lessons We Should Learn
by David Z. Morris
One of the biggest fraudsters in history is about to face the consequences of his incredibly poor decisions.
What’s Poppin’?
by Kollen Post, Sam Sriram, Jacob Oliver and Sage Young
Where Is Sam Bankman-Fried Likely to Serve His Prison Term?
Sentencing guidelines call for criminals receiving longer than a 20-year sentence to serve in either a high-security or medium-security facility, but experts say there’s a good chance SBF will avoid those unpleasant scenarios even if he gets a lengthy sentence.
3 Reasons Why Layer 2 Network Base Has More Than Doubled Its Total Value Locked This Year
Increased developer activity, an active meme culture, and a relationship with the US’s largest crypto exchange are three reasons behind the 130% rise in layer 2 blockchain Base’s total locked value, which reached more than $1 billion this year.
Court Rejects Coinbase’s Bid to Dismiss SEC Charges Against It
The court’s rejection of Coinbase’s motion sets the stage for a prolonged legal battle between the crypto exchange and the U.S. Securities and Exchange Commission (SEC) in which the legal status of up to 13 tokens will be addressed.
Ethereum ‘BlobScriptions’ Pushes Blob Fees Up Exponentially
It’s been just under two weeks since Ethereum’s Dencun upgrade brought down gas fees for layer 2 networks with blob carrying transactions, but a new protocol called Ethscriptions is reversing much of that effect.
Ethereum ETF Still Possible Even if SEC Deems ETH a Security: BlackRock CEO
BlackRock’s Larry Fink is still optimistic about the asset manager’s chances of listing an ether ETF even if the SEC considers the asset to be a security.
What Happens To Your Crypto When You Die? Casa Inheritance Has a New Solution
A new product from self-custody provider Casa aims to simplify the inheritance process for crypto holders in the event they pass away by utilizing a multisig security model.
Daily Bits…✍️✍️✍️
⚖️ Dutch authorities recommended a prison sentence of 64 months for Alexey Pertsev, the developer behind Tornado Cash, with the final verdict expected to be announced on May 14.
💸 DeFi protocol Ethena Labs plans to airdrop 750 million ENA tokens on April 2, aiming to reward users with governance tokens for their engagement.
🌍 Crypto addresses associated with a Gaza-based online organization, aligned with Hamas, were sanctioned by the US and UK for raising $21,000 in crypto since the Oct. 7 attacks.
💰 BlackRock's tokenized fund, BUIDL, swiftly attracted $245 million, positioning itself as a major player in the tokenized U.S. Treasury market.
The $$$ Corner…
🕹️ Gaming giant Square Enix participated in a $14 million seed round for Web3 gaming firm Elixir Games, which has a goal of expanding its gaming ecosystem.
🤖 The Web3 AI platform MyShell secured $11 million in a funding round led by Dragonfly, aiming to advance AI-powered creative tools for content creators.
What Do You Meme?
Recommended Reads
📈 Your Market Update 📉
BTC is up 1%, trading at $70,638
ETH is up 0.5%, trading at $3,587
BTC dominance: 49.87%
Crypto market cap: $2.79T
*All data as of today, 06:07 am ET. Source: CoinGecko
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