Issue #109

Regulation

1. Gemini to pay $37M fine, return 100% of lost assets ($1.1B) to Earn (lending) customers in settlement with NY regulator

-- Could have been prevented had Gemini performed proper due diligence on now-bankrupt partner, Genesis Global Capital

2. Nigeria considering $10B fine on Binance

-- Allegations of currency manipulation, tax evasion, and illegal activities are being investigated

-- Reportedly detained 2 Binance executives upon arrival in the country, seizing their passports

3. Department of Energy withdraws survey to collect data on crypto miners following a lawsuit by the Texas Blockchain Council and Riot Platforms

-- Replacing the previous survey with a new notice for public comments lasting 60 days

-- Additionally, the agency will discard any data collected from the original emergency survey

4. Binance's $4.3B plea deal approved by federal judge

-- The settlement included a fine, appointment of a compliance monitor, and CZ (CEO) stepping down

5. Hong Kong stops accepting license applications from crypto exchanges

-- Will require noncompliant platforms to shut down by May 31, 2024

-- Only two crypto trading operators are currently licensed in Hong Kong

Infrastructure

1. Bitcoin miner Marathon Digital developing Anduro, a platform that enables the creation of Bitcoin-based sidechains

-- Leverages merge-mining

2. Arweave expands beyond decentralized storage

-- Released testnet for a blockchain network called Arweave AO that achieves scalability by leveraging modular subnetworks

3. Coinbase Cloud integrates Nethermind and Erigon clients into its staking infrastructure

-- Addressing centralization concerns over the Geth client's dominance

4. Ethereum L2 Blast launches mainnet

5. StarkWare announces new open-source zero-knowledge prover Stwo

-- Enables faster finalization on Layer 1/2 and reduces costs

6. Memecoin Shiba Inu collaborates with Zama to launch FHE-powered network on the Shibarium blockchain

7. Coinbase introduces smart wallets through its Wallet SDK

-- Simplifies crypto onboarding with passkey access and account abstraction for key recovery

8. Zk-powered Aleo blockchain accidentally leaks KYC documents

Finance

1. Uniswap launches browser-based wallet extension

-- Can be used for basic swaps and limit orders

-- Provides detailed trading information

-- Users can join the waitlist for the extension by claiming a uni.eth username, with access expected in four to six weeks

2. US spot Bitcoin ETFs see record daily net inflow of $673M

-- BlackRock and Fidelity still dominating in terms of market share

3. Kraken launches Kraken Institutional to provide custodial services for spot bitcoin ETFs

4. Gauntlet announces partnership with Morpho after cutting ties with Aave

-- Gauntlet will create risk-managed lending vaults on top of Morpho Blue using MetaMorpho, a feature that allows "risk curators" to create pools

5. Crypto hedge fund LedgerPrime rebrands as MNNC Group post-FTX

-- FTX previously acquired LedgerPrime's parent company Ledger Holdings

6. Major financial institutions considering integration of spot Bitcoin ETF products

-- Bank of America, Wells Fargo, and Morgan Stanley just to name a few

7. VanEck introduces a NFT marketplace that supports multi-sig custody

Consumer

1. Blockchain racing game MixMob licenses the Star Wars stormtrooper character

-- Game is best described as a mix of Clash Royale and Mario Kart

-- Expected to debut on desktop and later release on mobile this year

2. Coinbase re-stabilizes after heavy traffic caused $0 balance glitch

3. LatAm investment banking giant BTG Pactual and Crypto(.com) collaborate to list BTG Dol, a stablecoin pegged to USD

Security

1. Stablecoin protocol Seneca hit with a $6.4M exploit

-- The breach allowed attackers to transfer assets out of the project's contract, causing the Seneca token to plummet by over 60%

-- Attacker returned $5.3M after Seneca offered a 20% bounty and urged the return of stolen funds to avoid legal action

Research

1. A decentralized platform for product reviews (source)

-- Prevents the hijack of reviews by spam bots by tying identity to either a unique smartphone or to an external identity provider

-- Prevents the hijack of reviews by a small number of paid users by allowing only a random sample of users to review a particular product

2. Decentralized federated unlearning (source)

-- Use of Chameleon Hash technology to streamline the updating of federated learning models

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