What a Weekend 😱
In today’s edition: 📈 Hong Kong approves Bitcoin & Ethereum ETFs, 🌟 Ethereum's EIP-3074, 📅 Dispute over exact halving date, 🛠️ Bitcoin miners diversify revenue, 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.
Last Wednesday, the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs, the team behind the prominent decentralized exchange (DEX) Uniswap, signaling a forthcoming enforcement action.
Amanda Tuminelli, Chief Legal Officer at the DeFi Education Fund, joined Unchained to unpack what the case could mean for Uniswap and the overall decentralized finance (DeFi) industry.
Amanda also talks about the DeFi Education Fund’s recent lawsuit against the SEC over its airdrop policies and the industry’s need for a proactive counteroffensive approach in dealing with the SEC.
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 Michael Bodley, Sam Sriram, Juan Aranovich, and Sage Young
Bitcoin Dominance Hits 3-Year High as Weekend Liquidations Top $1.5 Billion
A volatile weekend for risk assets saw bitcoin traders lose millions of dollars on their long positions as the market leading digital asset retraced to a multi-week low of $61,000.
Hong Kong Markets Regulator Approves Bitcoin and Ethereum Spot ETFs
Four Hong Kong-based asset managers have been given the green light to launch spot Bitcoin and Ethereum ETFs.
Why (Almost) Everyone in Ethereum Is So Excited About a Wallet-Related Proposal
While EIP-3074 offers a potential leap in the Ethereum wallet user experience by enabling batch transactions and smart contract-like features, some experts have concerns about its security and long-term impact.
Here’s Why No One Agrees Exactly When The Bitcoin Halving Will Happen
With a week (or so, depending who you ask) to go before the fourth Bitcoin halving, there’s still no consensus on when it’ll happen.
Bitcoin Miners Diversify Their Revenue Streams as Halving Nears
Some miners have even started to broker large bitcoin transactions using their own mining pools.
5 Charts That Highlight How Ethereum Has Changed One Year After Shapella
As Ethereum celebrates its one-year Shapella anniversary, here’s a breakdown of how the network has changed.
Daily Bits…✍️✍️✍️
💰 Amid rising geopolitical tensions, the gold-backed PAXG token jumped to $2,923, demonstrating significant demand as a haven asset.
🔄 Uniswap Labs increased its swap fee from 0.15% to 0.25% on most transactions through its interface, following the recent SEC warning of potential litigation.
🏛️ Coinbase advanced a legal challenge against the SEC, seeking an interlocutory appeal to clarify whether the SEC can treat digital asset transactions as investment contracts if not connected to any legal obligation from the asset issuer.
💰 Yuga Labs has been transferring royalties, totaling over $250,000 in the past two months, to a deposit address linked to the bankrupt entity FTX US, as identified by blockchain intelligence firms Arkham Intelligence and Breadcrumbs.
🖥️ Solana released patch v1.17.31 to address and alleviate network congestion issues, enhancing data packet handling and node classification, marking a step forward in network optimization.
🔍 A Bitcoin miner from the network's infancy in April 2010 moved 50 BTC, dormant for 14 years, now valued at over $3 million, with portions of the holdings transferred to Coinbase.
🪂 Avail outlined the eligibility for its upcoming token airdrop, following a social media leak, aiming to expand its blockchain data-availability project.
👨💻 A former security engineer received a three-year prison sentence for the first-ever conviction of hacking a smart contract, involving over $12 million in stolen crypto.
Today in Crypto Adoption...
🌏 Hong Kong is poised to potentially approve spot Bitcoin and Ether ETFs as early as today, marking a significant development in cryptocurrency trading within the region.
🥊 VeChain partnered with UFC to introduce tokenized gloves featuring NFC chips for authenticating and recording fight data, enhancing collectibility and verifying their history on the blockchain.
The $$$ Corner…
💻 Berachain secured $100 million in Series B funding, led by Framework Ventures and BH Digital, aiming for expansion in global markets and further development of its Layer 1 blockchain technology.
⚽ The Winklevoss twins invested $4.5 million in Bitcoin into Real Bedford FC, owned by podcast host Peter McCormack, to develop new facilities and support youth programs.
What Do You Meme?
Recommended Reads
DL News: Solana protocol MarginFi’s $300m exodus slows amid founder shakeup, airdrop frustration
The Defiant: Nearly 70% of Base Is Used By Project of ‘Questionable’ Utility
📈 Your Market Update 📉
BTC is up 4.2%, trading at $66,781
ETH is up 7.5%, trading at $3,261
BTC dominance: 51.51%
Crypto market cap: $2.55T
*All data as of today, 06:00 am ET. Source: CoinGecko
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