Second Strike for Coinbase? 😰
In today’s edition: 🎮 Winning projects at ETHDenver, 📊 Bitcoin's market cap record.🎙️ Plus, new interview with Alex Pack from Hack VC!
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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.
In this episode of Unchained, Alex Pack, managing partner at Hack VC. Pack discusses the firm’s recent $150 million fundraise, the challenges of raising capital in a bear market, and the firm’s focus on early-stage Web3 infrastructure. He also shares his thoughts on the intersection of crypto and AI, the future of DeFi, and the importance of security in the crypto space. Pack believes that the current infrastructure of crypto is still in its early stages and needs significant improvement before it can reach mainstream adoption. He also sees potential in the development of more secure smart contracts and the integration of AI into decentralized applications.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Sage Young, Sam Sriram and Nelson Wang
Some Coinbase Users See Zero Balances as Bitcoin Tops $68,000
Some individual investors reported seeing zero balances in their Coinbase accounts for the second time in two weeks as bitcoin surged past the $68,000 mark.
ETHDenver’s 2024 Hackathon: Onchain Security, AI, and Gaming Fun Dominate the Winning Projects
The seventh annual EthDenver hackathon — proclaimed to be the world’s first and largest Ethereum hackathon — distributed more than $1 million in prizes from about 50 sponsors.
Bitcoin’s Market Capitalization Hits All-Time High of $1.3 Trillion
The price of the world’s largest and oldest cryptocurrency continued to soar on Monday.
Daily Bits…✍️✍️✍️
📉 The decision on proposals for Ethereum ETFs by BlackRock and Fidelity has been delayed by the SEC, which is now requesting input on potential concerns related to Ethereum's proof-of-stake model.
🇳🇬 The Nigerian House of Representatives Committee on Financial Crimes summoned Binance CEO Richard Teng amid a probe following the detention of two executives.
💲 Tether's USDT stablecoin reached a $100 billion market cap, underscoring its significant role in the crypto trading frenzy.
⚖️ The SEC aims to strengthen its lawsuit against Coinbase using a recent insider trading ruling that determined that certain crypto assets traded on secondary markets are securities.
🎨 A CryptoPunk NFT sold for over $16 million, marking one of the largest sales in the collection's history and signalling a resurgence in high-value NFT transactions.
💼 The Fantom Foundation is pursuing the dissolution of Multichain Foundation to recover funds from a security breach in the cross-chain protocol last summer.
🔒 Hong Kong's securities regulator issued a warning against crypto exchange BitForex following suspected fraud after the platform went offline.
💼 Omni Network and Ether.Fi entered into a $600 million restaking deal, aiming to bolster security across the EigenLayer ecosystem.
🌍 Tangible rebranded to re.al, pivoting towards becoming a layer 2 blockchain for real-world assets after its stablecoin USDR depegged last year.
Today in Crypto Adoption...
🌐 BRICS nations are set to develop a blockchain-based payment system to diminish reliance on the US dollar, aiming for a more independent and technologically advanced monetary framework.
The $$$ Corner…
💡 Stack, an onchain points startup, garnered $3 million in seed funding led by Archetype, with participation from Coinbase Ventures and others, to innovate in the crypto points space.
What Do You Meme?
Recommended Reads
Blockworks: Is it too soon to name BlackRock the bitcoin ETF segment winner?
Protos: Caitlin Long is wrong about OTC desks running out of bitcoin
Unchained: What Is Retroactive Public Goods Funding?
📈 Your Market Update 📉
BTC is up 2.4%, trading at $66,682
ETH is up 6.5%, trading at $3,739
BTC dominance: 49.88%
Crypto market cap: $2.63T
*All data as of today, 06:55 am ET. Source: CoinGecko
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