A Bitcoin Bug 😬

On the Pod…

$630M Due Next Week: Is DCG at Default Risk?

What’s Poppin’?

Binance Briefly Halted Bitcoin Withdrawals Amid Network Congestion

by Samyuktha Sriram

Binance has now resumed BTC withdrawals but the number of unconfirmed transactions on the mempool still sits above 488,000.

Ethereum Foundation Sent $30 Million ETH to Kraken

by Samyuktha Sriram

The Ethereum Foundation and the blockchain’s co-founder Vitalik Buterin were seen sending large sums of ETH to crypto exchange Kraken over the weekend.

Could the Gemini Earn and Genesis Creditors End Up at Odds?

by Juan Aranovich

Ram Ahluwalia says that Gemini Earn customers could recover their assets immediately — except for one wrinkle.

Daily Bits…✍️✍️✍️

• The U.S. Justice Department is investigating Binance for potential Russia-related sanctions violations, following previous actions by the IRS and SEC against the exchange.

• A South Korean prosecutor advocated for the extradition of Do Kwon to South Korea to face charges related to the TerraUSD and the Terra/Luna crash.

• South Korean authorities are looking into Democratic Party lawmaker Kim Nam-kuk over suspicious crypto transfers involving WEMIX tokens.

• Bankrupt crypto lender Voyager Digital plans a self-liquidation and winding down of its operations after failed sale attempts to FTX US and Binance.US.

• New York Attorney General Letitia James proposed legislation requiring crypto firms to reimburse fraud victims and tightening regulations on the industry.

• Bitcoin collectibles project Ordinals faced a challenge after a developer introduced a bug affecting its inscription numbering system.

• U.S. judge cited "prima facie evidence" of contemptuous conduct by Craig Wright, who claims to be Bitcoin's founder, in an ongoing $143 million cryptocurrency dispute.

• Aave DAO approved a proposal to deploy its version 3 on the Ethereum layer 2 Metis Network, aiming to enhance market liquidity and user benefits.

• Argentina's central bank prohibited payment platforms from providing customers with crypto trading services, citing risk mitigation.

What Do You Meme?

Learn 🤓

How to Create a Bitcoin Ordinal

Ordinals are akin to Bitcoin NFTs. In this guide, we’ll show you how to inscribe one to the Bitcoin blockchain.

📈 Your Market Update 📉

• BTC is down 3.2%, trading at $27,961

• ETH is down 2.5%, trading at $1,859

• BTC dominance: 45.05%

• Crypto market cap: $1.2 trillion

*All data as of today, 7 am ET

Recommended Reads

1. CoinDesk: The Need for Clarity in Washington – Not Just on Crypto

2. Maven11 research: The Shared Sequencer; An SoK on Shared Sequencing, Aggregation Theory and Vertical Integrations

3. CoinDesk: NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

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