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Where were you when Amazon acquired Ring for $1B? Or when Google bought Nest for a cool $3.2B? Hopefully, you were invested in those promising startups. But for those that missed out, the next groundbreaking Smart Home innovation has arrived 一 RYSE.
The Philippines' SEC has ordered Google and Apple to delist the Binance app from the Filipino app store, following a push to restrict access to unlicensed crypto trading platforms and protect the local economy and investors. This comes after prior warnings, as part of the SEC's ongoing efforts to regulate crypto activities.
The SEC is being sued over the recently finalized Dealer Rule expansion, which redefined the term to require more crypto organizations to register with the SEC and comply with securities laws. The lawsuit argues that the SEC did not address public concerns and failed to consider the expansion's negative consequences. The Blockchain Association and Crypto Freedom Alliance of Texas are advocate groups representing the industry and pushing for better crypto legislation.
After months of consideration, Celo has chosen Optimism as the tech stack for building an Ethereum L2. This decision comes after Celo pivoted from an independent blockchain to becoming an L2, citing Ethereum alignment and greater liquidity. Other candidates included Arbitrum Orbit, zkSync's ZK Stack, and Polygon's CDK.
Founders should be wary of the VC ponzi scheme, where venture capitalists pressure startups to raise massive rounds at premature valuations, only to show paper gains to attract more funds from limited partners, which they take fees on. To avoid misaligned incentives, some firms opt for internal capital structures instead of traditional VC funds, ensuring they only profit from genuine investment success.
This post explores how Degenchain has grown since its L3 launch on Base. Degenchain is community-driven and has shifted to a robust ecosystem with high transaction rates. The history of its native DEGEN token is traced from a community token on Farcaster, a crypto-native social network, to its ascent as a primary utility token. Future catalysts for DEGEN's growth include Coinbase's market influence, Base network's expansion, potential ETH ETFs, Bitcoin halving, and onchain events like "Onchain Summer”.
The SEC is seeking over $5 billion from Do Kwon and Terraform Labs for penalties and disgorgement after a guilty verdict for defrauding investors. The enforcement action also involves barring Kwon from executive roles in any securities issue.
A BIP, or Bitcoin Improvement Proposal, is a pending upgrade to the Bitcoin blockchain that has been assigned a number for easy communication. BIP-420 is related to OP_CAT, an upgrade to Bitcoin's scripting language that would make smart contracts and zk bridges possible. The process to upgrade Bitcoin is decentralized and community-driven, so there must be a consensus from miners and developers alike to adopt BIP-420.
The protocols most likely to airdrop tokens within the next 69 days are Swell, zkSync, and friend.tech.
With halvings, there is excess demand over supply, which leads to dramatic price increases as new investors and a lower inflation rate disrupt the equilibrium.
Trading firm Jane Street Capital owns 5.3% of outstanding Coinbase shares, up from 2% in December 2023.
NFT project DeGods, which is most famous for migrating to Ethereum from Solana, may be planning to move back to its original blockchain, according to a cryptic post from its founder.