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US federal prosecutors have charged crypto exchange KuCoin and its founders with the alleged violation of anti-money laundering laws. The exchange reportedly operated in the US without running an anti-money laundering program or registering with US government entities. It is said to be involved in the money transmission business with over 30 million customers.
Ethereum L2 game Munchables experienced a $62 million exploit as a result of a North Korean developer being hired by the Munchables team. While some are requesting that the Blast team intervene, others are arguing that this should not be done as it goes against the principles of decentralized networks.
Circle is partnering with Solana to introduce its cross-chain transfer protocol to the ecosystem. Circle’s CCTP enables the secure trading of USDC between various blockchains using a native mint and burn process. This move will enable Solana developers to natively swap USDC tokens from Ethereum and other EVM-compatible ecosystems. Various Solana ecosystem participants will support CCTP right away and more are expected to follow.
BitVM 2 was recently launched and aims to enable any party to verify blockchain operations. In its original format, BitVM's validation process could only be done by previously identified verifiers, a limitation now overcome in BitVM 2. This opens the functionality to any party at runtime, increasing the trust and efficiency of the system. Despite these improvements, the protocol still needs a minimum of one honest operator to function properly.
As the crypto landscape has heated up so has the job market. This thread explains how potential candidates can better position themselves by showing proof of their abilities and strategizing their first week to six months on the job. Building a personal brand within the crypto space via engaging with communities and creating impactful content is also crucial to creating opportunities for yourself.
This report offers insights into identifying projects with promising fundamentals. Focusing on key tokenomics elements, it suggests understanding the reasons for a token's existence, their function, and how they generate value for holders. Evaluating demand and supply mechanics, token allocation, liquidity, and mastering analytical tools are also crucial for long-term investment strategies. It is important to not fall for simplistic marketing - consider how token features support protocol growth and create tangible value.
Bitcoin was the first real memecoin, its narrative buoyed by skepticism of central banking and institutional trust erosion. However, the memecoin space has evolved to encompass thousands of other coins, boosted by shifting crypto trends and attention economics. Solana recently illustrated this with its high density of rapidly growing memecoins. However, this has led to challenges with Solana's blockspace allocation, transaction inclusion, and a rise in 'MEV' or Maximum Extractable Value. Bitcoin now looks set to experience its own MEV surge driven by an influx of memecoin-driven activities. This highlights a need for deeper discussion on managing such complexities in the broader non-EVM ecosystem.
This thread advises investors on making successful bets in crypto, both in terms of direction and sizing. It emphasizes the importance of understanding the intrinsic risks of each investment, matching wagers to market views, and considering the potential of various crypto assets and underlying infrastructures. The thread cautions against 'index' crypto plays, suggesting they offer limited upside, and instead recommends that investors simply purchase Bitcoin and Ethereum for crypto exposure.
The CFTC’s complaint against KuCoin for illegal commodity transactions and failing to register refers to both Bitcoin and Ethereum as commodities.
Despite perceived SEC disengagement, the precedent set by Bitcoin ETF approvals and similar issues suggests Ethereum ETFs should also be approved for consistency and investor access.
Inscriptions revolutionize content and data publishing by offering a permanent, accessible platform for content without the need for technical knowledge.