The podcast covers topics such as the rise of 'flipped ethereum', the impact of inscriptions on blockchain networks, the launch of a new Bitcoin ETF, phishing attacks, the performance of Bitcoin and Ethereum in 2023, the dumping of ETH by Celsius, and regulatory criticism of crypto. They also discuss Eigenlayer's $1 billion raise, Solana's success in the phone market, and the launch of Chronos ZK EVM on Arbitrum Orbit.
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Quick takeaways
Regulatory uncertainty in the cryptocurrency industry persists as the SEC denied Coinbase's petition for rules, adding to ongoing challenges.
Senator Elizabeth Warren expressed concerns about the hiring of former government officials by crypto organizations and suggested a link between crypto and terrorism.
The Solana Phone gained popularity due to its associated airdrops, challenging the initial notion that it was a failure.
Deep dives
Coinbase's petition for rules denied by SEC
Coinbase's petition for rules regarding crypto was denied by the SEC, adding to the ongoing regulatory uncertainty in the industry.
Elizabeth Warren criticizes crypto industry and its lobbying efforts
Senator Elizabeth Warren sent a letter to Coinbase, the Blockchain Association, and Coin Center criticizing their hiring of former government officials and members of Congress and suggesting that crypto and terrorism are connected.
Eigenlayer reaches $1 billion TVL in restaking
Eigenlayer surpassed $1 billion in total value locked (TVL) as users continue to embrace restaking tokens on the protocol.
Solana Phone sees surge in demand due to airdrops
The Solana Phone, which was initially considered a flop, experienced a boost in demand as users realized the value of the airdrops associated with the phone.
First DeFi hacker pleads guilty in smart contract fraud conviction
A hacker involved in two Solana DeFi hacks pleaded guilty to charges and faces up to five years in prison, marking the first conviction for smart contract fraud.