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1. Feds seek 3 year prison sentence for former Binance CEO CZ
-- Feds citing deliberate violations of US law that benefitted Binance
-- CZ defense team arguing for probation given he has cooperated
-- Sentencing scheduled for April 30
2. Crypto mixing service Samourai Wallet co-founders arrested
-- Allegedly laundered money, ran an unlicensed money transmitting business, and facilitated over $2B in unlawful transactions
3. SEC suggests $5.3B fine for Do Kwon, Terraform Labs
-- $4.7B in disgorgement and $520M in civil penalties
4. Metamask developer Consensys and SEC pursue legal action against each other
-- SEC: issued a Wells Notice claiming that MetaMask Swaps and Staking services violate federal security laws because Consensys is not a broker dealer
-- Consensys: suing SEC for classifying ether transactions as securities transactions
1. Block is developing a 3nm Bitcoin mining chip
2. BNB Chain plans to enable native liquid staking on its BNB Smart Chain with a rollout expected in April or May
3. Ankr launches AI-focused L1 blockchain Neura on testnet
-- Core features: decentralized GPU marketplace, BabylonChain-powered security, initial model offerings (IMO)
4. GatlingX comes out of stealth and introduces GPU-EVM (source)
-- Uses GPUs to run EVM operations in parallel and deliver superior performance
1. Grayscale plans to dramatically lower fees with its Mini Bitcoin ETF
-- Background: Grayscale's GBTC has been experiencing significant outflows and losing market share to BlackRock/Fidelity due to high fees
-- Mini Bitcoin ETF fee to be set at 0.15%, significantly lower than the current 1.5% fee for GBTC
-- For reference: Blackrock has a 0.25% fee for its spot Bitcoin ETF
2. Approved Hong Kong spot bitcoin and ether ETFs to start trading April 30
3. Founders Fund invests in Alliance, providing support to its portfolio companies
-- Alliance is in the process of raising its 3rd fund, with other notable investors including Initialized, Brevan Howard Digital, and Galaxy Digital
4. Pantera Capital aims to raise $1B for new crypto fund
5. Stripe returns to the crypto payments space
-- Background: in 2018, Stripe stopped supporting Bitcoin payments, citing volatility
-- Will now let customers accept payments in USDC on Solana, Ethereum, and Polygon
1. Magic Eden overtakes Blur as leading NFT marketplace by trading volume
-- A 194% increase in trading volume in March, reaching $757M
-- Success was attributed to its Diamond reward program and partnership with Yuga Labs
2. Yuga Labs reorganizes amid existential crisis
-- Announced layoffs
-- Sold IP rights to HV-MTL and Legends of Mara to web3 gaming studio Faraway so that it can focus on the Otherside metaverse project
3. Manchester City FC to release digital collectibles through multi-year partnership with Quidd
-- Digital collectibles will be associated with real-world experiences and exclusive rewards
4. Solana-based alternative for OnlyFans called Only1 offers 0% fees on tips and subscriptions
5. Magna introduces a customizable airdrop solution allowing projects to create branded claim portals
1. ZKasino faces exit scam allegations
-- Siphoned $33M worth of ETH used for ZKAS token farming into Lido
2. Arkham Intelligence: funds from crypto whale wallets stuck in bridge protocols
-- Funds are trapped in DeFi bridge contracts for months to years, with assets ranging from $117k to $1.8M
-- Impacted users include Coinbase and Vitalik Buterin
3. Cosmos patches IBC protocol bug
-- The bug, allowing a reentrancy attack, was patched after Asymmetric Research privately disclosed it through the Cosmos HackerOne Bug Bounty program
-- Prevented a potential theft of $126M
3. Liquid restaking protocol Renzo's Ethereum-pegged ezETH depegged before recovering
-- The depeg was likely due to a sell-off caused by concerns over Renzo's tokenomics
4. El Salvador's national Chivo Wallet for bitcoin faced a security breach
-- Cybercriminals leaked its source code and VPN access information online
5. Offchain Labs identifies critical security flaw in Optimism's testnet
-- Vulnerability could have allowed manipulation of chain history and subtle attacks
-- Optimism patched the issue
1. Replacing cryptopuzzles with useful computation in proof of work protocols (source)
-- Conclusion: unable to find useful tasks that can simultaneously harness proof of work and allow the blockchain to retain comparable security, decentralization, and liveness properties
2. Breaking Intel SGX enclaves with malicious exceptions and signals (source)
3. Zero-knowledge proof of proximity (source)
4. Proposer selection in EIP-7251 (source)
-- Background: EIP-7251 aims to reduce the number of validators by giving stakers the option to merge existing validators because the growing active validator set size is placing an increasing computational burden on the network
-- Conclusion: probability of being selected as the block proposer from the shuffled consolidated validator set of size n is the same for each validator, regardless of the extent of consolidation
-- However, there are other considerations for a staker to take into account when deciding on a consolidation strategy, such as compounding, rewards earned, slashing risk, and penalties that vary with effective balance
5. Detecting smart contract attacks via invariant mining (source)
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