Crypto Community to Ledger: WTF !?️

In today's edition: 🗝️ Ledger’s move, ⚡️ Lightning’s upgrade, ⏲️ ETH’s withdrawal queue, and more!

May 17, 2023

On the Pod…

What’s Poppin’?

by Samyuktha Sriram

Ledger owners were up in arms about an optional new feature that backs up private seed phrases to through three different custodians.

The rebranded ‘Taro’ project aims to bring multi-asset support to the Lightning Network.

Celsius has requested to withdraw 428,000 staked ETH from Lido Finance.

The highly anticipated upgrade will bring a 47% reduction in protocol costs and security fees on the Optimism mainnet.

Daily Bits…✍️✍️✍️

  • ⚖️ A judge rejected the SEC's request to seal documents related to a 2018 cryptocurrency speech by ex-Director of Corporation Finance, Bill Hinman, a key issue in the commission's ongoing securities lawsuit against Ripple.

  • ⏱️ Coinbase temporarily halted Ethereum staking reward payouts due to a minor technical glitch, which is expected to be resolved within 72 hours.

  • 💬💸 Tron founder Justin Sun has criticized Li Wei, the brother of Huobi founder Li Lin, for allegedly profiting by selling millions of freely acquired Huobi tokens (HT), causing a fall in their price.

  • 👋 France is opening its arms to crypto firms leaving the US due to regulatory uncertainty, highlighting its relatively predictable framework, as the country anticipates a surge in registered crypto companies following the recent approval of EU's MiCA regulation.

  • 🔄 Balancer, a decentralized finance protocol, is planning a "permissioned arbitrage" of its “bb-e-USD” pool to recover approximately $300,000 in crypto frozen during the Euler Finance hack, before potential opportunists can claim it once it unfreezes on June 8.

  • 🐕 Dogecoin's daily transaction volume hit an all-time high, briefly surpassing Bitcoin and Litecoin, after the introduction of DRC-20s. 

Today in Crypto Adoption...

  • 🍏 Apple's App Store will offer 'Axie Infinity: Origins', the play-to-earn crypto game developed by Sky Mavis, in select Latin American and Southeast Asian countries.

The $$$ Corner…

  • 💻 Web infrastructure solutions provider Auradine raised $81 million in a Series A funding round, led by Celesta Capital and Mayfield.

  • 💰 Bitcoin financial services provider River garnered $35 million in a Series B round, spearheaded by Kingsway Capital and participation from billionaire Peter Thiel.

  • 🔨 Bitcoin mining startup Cormint Data Systems secured $30 million in a Series A round to construct a data center with a computing power of 2.4 exahash/second in Texas.

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NFT games supposedly allow ownership of in-game assets, but have attracted significant pushback from old-school gamers.

📈 Your Market Update 📉

  • BTC is down .9%, trading at $26,866

  • ETH is down .6%, trading at $1,807

  • BTC dominance: 44.48%

  • Crypto market cap: $1.17 trillion

*All data as of today, 6:00 am ET

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