🤑 Will Saylor Dump Now?

In today's edition: 🎙️ New episode on the world of DAOs, 📈 BTC reaches $30k again, 💰 a $100 million loan to Gemini, and more!

Apr 11, 2023

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Are DAOs Strong Enough to Survive the Regulators?

How can decentralized autonomous organizations (DAOs) be more resilient?

Gabriel Shapiro, general counsel at Delphi Labs, and Fatemeh Fannizadeh, lawyer and researcher, survey the landscape and offer their insights on what will fuel the next wave of DAO innovation. Are new rules from U.S. states like Wyoming and Utah a boon for DAO creation? Or will the proceedings against Ooki DAO by U.S. regulators cast a pall on this emerging segment of the Web3 world?

Listen or Watch Now!

What’s Poppin’?

by Samyuktha Sriram

Winklevoss Twins Loan $100 Million to Gemini: Report

Gemini’s billionaire founders Tyler and Cameron Winklevoss made a $100 million personal loan to the exchange after unsuccessful attempts at securing external funding.

Etherscan Hides Zero-Value Token Transfers to Prevent Address Poisoning

Etherscan’s default settings will now hide zero-value transfers to protect users from falling victim to phishing attacks.

Bitcoin Ordinals Bug Causes 1,200 ‘Orphan’ Inscriptions

The Bitcoin Ordinals community is currently debating whether or not to reinclude missed inscriptions.

Terra Classic DEX Loses $2 Million in Exploit Days After Launch

A breach on Terraport’s liquidity wallet resulted in the loss of millions of dollars of user funds.

Daily Bits…✍️✍️✍️

A report revealed that FTX paid over $30 million in legal and consultancy fees during February 2023.
Bitcoin's price surpassed $30,000 for the first time since June 2022, continuing a rally that has seen the cryptocurrency gain over 80% this year.
MicroStrategy's $4 billion investment in Bitcoin turned profitable as the price of BTC passed the $30,000 line, above the company's average purchase price of $29,803.
Euler Finance's community will soon vote on how to distribute funds recovered from the $200 million hack in March, with a proposal to let users redeem their capital as soon as possible.
Vishal Gupta, who served as Senior Director of Product Management at Coinbase, decided to leave the company after more than two and a half years to work on a new crypto project.
Hackers stole approximately $13 million in various cryptocurrencies from South Korean crypto exchange GDAC on April 9 by targeting the exchange's hot wallet.
A new bill was passed in Arkansas aimed at regulating Bitcoin mining, guaranteeing that mining firms have the same rights as data centers and protecting them from discriminatory regulations and taxes.
Aptos (APT) is set to unlock 0.5% of its total token supply worth over $50 million on Wednesday, which may add selling pressure to the market.
SushiSwap recovered $186,000 worth of Ether following a $3.3 million exploit on its DEX approval contract that occurred over the weekend.

Today in Crypto Adoption...

Montenegro's Central Bank partnered with Ripple to develop a central bank digital currency (CBDC) pilot, aiming to identify the practical application of a national stablecoin and simulate its circulation.
China's Douyin app, a local version of TikTok, added a bitcoin price ticker in its search results.

The $$$ Corner…

Zero-knowledge layer 2 blockchain network CryptoGPT raised $10 million in a Series A funding round at a token valuation of $250 million.

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📈 Your Market Update 📉

BTC is up 6.2%, trading at $30,092
ETH is up 3.1%, trading at $1,917
BTC dominance: 45.3%
Crypto market cap: $1.29 trillion

*All data as of today, 8 am ET

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