Warren & AOC vs. Crypto π
In today's edition: π« Tether against the MEV exploiter, πΉ the market impact of Shanghai, π΅οΈββοΈ a16z unveils new 2023 crypto report, and more!
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On the Podβ¦
Are DAOs Strong Enough to Survive the Regulators?
Show highlights:
how to determine whether something is actually a DAO
the pressing legal issues around DAO formation
where the liabilities lie in these types of organizations
Delphi Labsβ new βborgβ concept and the problems it aims to solve
what jurisdictions are more appropriate for different DAOs
the nuances of Wyomingβs DAO LLC law
Utahβs Introduction of LLDs βΒ limited liability DAOs β and why it is innovative
why the CFTC filed a lawsuit against Ooki DAO
whether governance token holders are liable for the DAOβs actions
how the Ooki lawsuit will impact how DAOs structure their activities in the future
what happened in the MakerDAO case and its implications
Whatβs Poppinβ?
byΒ Samyuktha Sriram
Tether Blacklists Address That Drained $25 Million From MEV Bots
Tether blacklisted the $3 million USDT held by last weekβs sandwich bot exploiter β a move that drew criticism from crypto industry proponents.
Glassnode Estimates $190 Million ETH Will Be Sold After Staking Unlock
On-chain analysts at Glassnode believe that the economic impact of unlocking staked ETH will be βa lot less dramatic than many have painted it to be.β
US Lawmakers Question Circle and BlockFi on SVB Banking Terms
The chief executives of Circle and BlockFi received letters asking them to disclose their rationale for banking with SVB.
Maple Finance to Launch U.S. Treasury Liquidity Pool
Maple Finance is banking on a trend of real-world assets picking up in the decentralized lending sector.
Lauraβs Journey to Becoming a Crypto Journalist
In an inspiring Twitter thread, Laura shared her story of how she left her full-time job to start Unchained.
She doesnβt get personal very often, so be sure not to miss it!
Daily Bitsβ¦βοΈβοΈβοΈ
FTX's founder and former CEO, Sam Bankman-Fried, requested access to the company's $10 million director and officer liability insurance policy to pay his legal bills, with a hearing on the matter scheduled for Wednesday.
Former FTX Head of Institutional Sales, Zane Tackett, believes that the exchange should relaunch and offer trading in FTX bankruptcy claims.
Alameda-backed Ren Protocol will transfer all of its pegged assets, including Bitcoin and Dogecoin, to FTX Trading.
Binance.US delisted Tron's TRX token following regulatory concerns, resulting in a 6.4% drop in TRX's value.
Bitfinex has become the first digital asset service provider to receive a license in El Salvador, as the country looks to develop a regulatory framework for digital securities, including tokenized shares and bitcoin-backed bonds.
a16z released its 2023 State of Crypto Report and unveiled a new crypto index.Β
Wyoming Attorney General Bridget Hill filed a motion with the U.S. District Court in Wyoming asking for permission to intervene in Custodia Bank's lawsuit against the Federal Reserve Board and the Kansas City Fed.Β
Rashawn Russell, a former Deutsche Bank investment banker, was arrested in New York and is facing up to 20 years in prison for allegedly committing crypto fraud by promising altcoin riches as a registered broker.
A survey conducted by the Pew Research Center found that two-thirds of all U.S. adults don't trust cryptocurrencies.
Today in Crypto Adoption...
The G-7 will focus on assisting developing nations in introducing their central bank digital currencies (CBDCs), according to Masato Kanda, Japan's senior financial diplomat.
The $$$ Cornerβ¦
Sei Labs raised $30 million in funding from investors, including Multicoin Capital, Jump Crypto, and Bixin Ventures, among others, to accelerate its growth, including a deeper expansion into the Asia-Pacific region.
CleanSpark closed a $144.9 million deal with Bitmain to purchase 45,000 of its Antminer S19 XP Bitcoin mining machines, doubling its fleet's total operational mining capacity by the end of the year.
Metalpha is launching a licensed digital asset fund in Hong Kong, providing investors with exposure to Grayscaleβs products, including the Grayscale Bitcoin Trust, and the ability to redeem shares, with the fund targeting a raise of $100 million.
What Do You Meme?
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π Your Market Update π
BTC is down .4%, trading at $30,005
ETH is down 2.5%, trading at $1,917
BTC dominance: 45.74%
Crypto market cap: $1.27 trillion
*All data as of today, 7Β am ET
Recommended Reads
The Block: JPMorgan, Fidelity at odds on the impact of Ethereum's Shapella upgrade on ether
CoinDesk: Ethereumβs Shanghai Upgrade or `Shapella.' Hereβs Our Guide to Watch Parties, Blockchain Tools
Bloomberg: Ethereumβs (ETH) Shanghai Upgrade Comes With Added Market Risk
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French please