So It Was a Conspiracy Theory? 🥸
In today's edition: 🎙️ New episode with Jim Bianco, 🎈 Arbitrum's airdrop, 🙊 SBF was not wanted?, and more!
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Jim Bianco on Why the Banking System Has Always Been Broken
Jim Bianco, president and macro strategist at Bianco Research, explains what’s causing the recent cascade of bank failures. Yield seekers taking their money elsewhere are putting banks under strain, he says. That said, the Signature Bank takeover by New York regulators is “a little fishy,” Bianco says. He adds that DeFi has been holding up strong, providing an “alternative to this unstable system that we have right now.”
The Chopping Block: Was Crypto Just Debanked?
What’s Poppin’?
by Samyuktha Sriram
FDIC Denies Asking Signature Buyers to Give Up Crypto: Report
The FDIC claims it did not stipulate crypto divestment as a requirement to acquire Signature, but not everyone is convinced.
Alameda Executives Tried to Push SBF Out in 2018: Report
Sam Bankman-Fried turned down a buyout from Alameda’s early management team after they demanded he step down as CEO.
Arbitrum to Airdrop ARB Tokens on March 23
Arbitrum will officially transition to “self-executing decentralized governance” with its ARB token airdrop next week.
Euler Hacker Sends $1.6 Million to Tornado Cash, Returns 100 ETH to Victim
The Euler Finance hacker has now sent the stolen crypto to a coin mixer, but also returned funds to a person claiming to be a victim of their actions.
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How to Navigate Etherscan
You probably know what Etherscan is, but you may not know how to use it. Let's take you under the hood to see how Ethereum works.
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Daily Bits…✍️✍️✍️
Banking giant State Street has terminated its licensing agreement with crypto custody firm Copper, as both companies plan to independently develop their digital strategies.
A lawsuit claims social media influencers, including Erika Kullberg, Ben Armstrong, and Kevin Paffrath, promoted FTX without disclosing compensation.
Bankruptcy filings reveal that Genesis seeks a May 22 deadline for creditors to submit their claims and a June 27 auction date.
Following Silicon Valley Bank's collapse, NFT trading activity dropped significantly, with only 12,000 active traders on the day after the collapse and a 51% decline in trading volume since early March.
BlockSec, a smart contract audit firm, thwarted a hacker's attempt to steal 2,900 ether ($5 million) from NFT lending project Paraspace, by executing a white hat attack to secure the assets and notifying Paraspace of their return.
Marathon Digital reported a 58% decline in Q4 revenue to $28.4 million, with full-year revenue for 2022 dropping 26% to $117.8 million, as the company faced a net loss of $686.7 million due to impairment charges and declines in the carrying value of mining rigs and digital assets.
21Shares, a Swiss crypto ETP provider, is closing six of its products due to low demand, despite experiencing its second-best January in terms of net new assets since its 2018 inception.
Worldcoin, the identity-centric crypto project co-founded by OpenAI CEO Sam Altman, partnered with contract manufacturer Jabil to scale up production of its eye-scanning orbs, enabling a monthly output of 400 orbs.
LinksDAO won the bid to acquire Spey Bay Golf Club in Scotland, funded through millions of dollars raised from selling NFT-based membership cards.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 5.49%, trading at $26,379
ETH is up 3.89%, trading at $1,742
BTC dominance: 45.01%
Crypto market cap: $1.13 trillion
*All data as of today, 6 am ET
Recommended Reads
CoinDesk: U.S. Banking Collapse Doesn't Necessarily Make Crypto Trustworthy
Arthur Hayes: Kaiseki
Vitalik Buterin on choosing guardians:
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