Extracting From the Extractors 🤖

In today's edition: 🎙️ New episode on the crackdown on crypto, 🖥️ Ethereum validator slashed, 💰 $200 million returned, and more!

April 04, 2023

From our sponsor

Unchained Daily is brought to you by ICON.

Bringing next-gen interoperability to multiple cross-chain protocols.

What are ICON's BTP and xCall service?

New Episode Today!

Brian Quintenz, head of policy for a16z crypto, and Nic Carter, general partner at Castle Island Ventures, talk about Operation Choke Point 2.0, the relationship between the government and the crypto industry, the status of different tokens as securities or commodities, and potential future developments in the space.

What’s Poppin’?

by Samyuktha Sriram

A validator was slashed from the network after he managed to steal $25 million from MEV sandwich bots on Monday.

Prosecutors in South Korea have seized property tied to eight Terraform Labs employees to ensure they remain a part of potential criminal proceedings.

A SHA-256 hash encrypted message with the text “Interpol Red Notice for CZ” led to a few hours of chaos on Monday.

Euler Finance confirmed on Monday that the protocol’s hacker had returned the entirety of crypto stolen in last month’s exploit.

Daily Bits…✍️✍️✍️

  • Voyager is taking legal action to ensure that the $1 billion purchase by Binance.US goes ahead, with the company and its creditors at risk of losing $100 million if government objections are not resolved by April 13.

  • WonderFi, Coinsquare, and CoinSmart, three Canadian crypto exchanges, are set to merge to create one of the world's largest crypto trading platforms, with a combined total of 1.65 million users and more than $600 million in assets under custody.

  • Decentralized exchange PancakeSwap launched Version 3 on the Ethereum and Binance Smart Chain networks, offering cheaper fees for on-chain trades and increased returns for liquidity providers.

  • The BNB Chain team announced on Twitter that they have identified the individual responsible for the recent exploit on Allbridge, which caused a loss of an estimated $570,000.

  • Bitcoin miners' revenue increased by 20% in March as they brought in a total of $755.4 million, with most of the revenue coming from block rewards and the rest from transaction fees.

  • The price of Dogecoin (DOGE) jumped by over 30% after Elon Musk's Twitter replaced the platform's logo with DOGE's Shiba Inu dog symbol. 

Today in Crypto Adoption...

  • Credit Agricole CIB and SEB, two major traditional European banks, partnered to create an eco-friendly blockchain-based platform for digital bonds.

  • The Dfinity Foundation issued ckBTC, a twin token that is backed on a 1:1 basis with Bitcoin (BTC), allowing faster and cheaper BTC transactions with layer-2 capabilities  along with greater security and decentralization.

The $$$ Corner…

  • Li.Fi, a multichain liquidity and data gateway provider, secured $17.5 million in a Series A funding round led by CoinFund and Superscrypt. 

🤓 Learn

This explainer will quickly get you up to speed on L2s and other projects working to scale Ethereum, and then dive into what Base says it can bring to the table. 

What Do You Meme?

Advertise With Unchained 📡

Check out advertising opportunities on all of Unchained’s properties, which range from running a classified ad in the newsletter to sponsoring our videos to having a host-read ad in the podcast.

📈 Your Market Update 📉

  • BTC is up .3%, trading at $28,253

  • ETH is up 3.01%, trading at $1,861

  • BTC dominance: 45.56%

  • Crypto market cap: $1.19 trillion

*All data as of today, 6 am ET

Recommended Reads

⛓️ Join Unchained Premium to get access to:

  • 🎙️ Behind-the-scenes interviews, in which I talk with crypto experts and entrepreneurs to learn all about the latest developments in the industry.

  • 💬 A subscriber-only Telegram group, where you can talk with the other members of the Unchained community, build a network in crypto, and talk directly with me and the Unchained team!

  • 📰 Transcripts of all the shows, for subscribers only.

If You Like What You Read: