What’s Poppin’?
by Samyuktha Sriram
The world’s largest crypto exchange intends to ask the court to dismiss a lawsuit filed by a U.S. regulator in March.
by Samyuktha Sriram
Teaser: Blockchain sleuths who uncovered new information on wallets connected to Terraform Labs received a $5,000 payout.
by Samyuktha Sriram
Open AI founder Sam Altman’s decentralized identity protocol Worldcoin has officially launched, along with its ERC-20 token WLD and the World ID software development kit.
by Samyuktha Sriram
The price of MKR appeared to drop after the deposits to the crypto exchange, noted blockchain data firm Spot On Chain.
by Juan Aranovich
Could AI be crypto’s game-changer? Placeholder’s Joel Monegro and Chris Burniske dive into the compelling case for this convergence.
On the Pod…
Despite the doom and gloom, Placeholder VC partners Chris Burniske and Joel Monegro are highly bullish on the present moment. “We’re all going to look back on this period and remember it as fondly as we remember ‘18 and ‘19,” Monegro tells Laura Shin. The two long-term investors explain why the confluence of macroeconomic factors and crypto-native (and AI) innovations make this the ideal time to invest in a Web3 future. They cut their teeth on Bitcoin, they grew up with Ethereum; hear what they think is next.
Daily Bits…✍️✍️✍️
👨⚖️ Amid allegations that FTX founder Sam Bankman-Fried leaked private documents to the press, a federal judge is contemplating a gag order in the FTX case to safeguard the fairness of the trial.
📝 Russian President Vladimir Putin approved a law facilitating the creation of a Central Bank Digital Currency (CBDC) in Russia, thus paving the way for the Bank of Russia to issue a digital ruble.
💼 SkyBridge's founder, Anthony Scaramucci, is proposing to buy secondary shares from early investors and ex-employees of tech unicorns, likely connected to the firm's "Unicorn Recovery Fund."
🔍 The recent cybersecurity breach involving Alphapo's hot wallets is now estimated to have resulted in $60 million in losses, after an additional theft of $37 million was identified.
💱 While Bitcoin funds experienced $13 million in outflows, Ether and XRP have seen inflows, suggesting a sentiment shift among investors in digital asset investment products.
Bringing institutional-grade financial products on-chain, starting with the tokenization of US Treasuries and money market funds.
What Do You Meme?
Learn 🤓
There are thousands of NFT collections but only a handful truly defined the birth of web3.
📈 Your Market Update 📉
BTC is down .6%, trading at $29,155
ETH is up .1%, trading at $1,853
BTC dominance: 46.52%
Crypto market cap: $1.22 trillion
*All data as of today, 7:05 am ET
Recommended Reads
David Phelps on his 9 takeaways from EthCC
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