SEC moves to declare Ethereum a Security amid Objections
Gary Gensler is trying to declare Ethereum a security, and the global Ethereum community is opposing it. There is confusion regarding Ethereum in the US. Anti-crypto politicians are protesting the growing demand for an Ethereum spot ETF, but Wall Street is pressuring the SEC to approve it. It seems the pressure from Wall Street is more influential, that's why the SEC already wants to declare Ethereum a security for the Ethereum Spot ETF.
OTHER NEWS
HACK / SCAM / FRAUD
AirDAO's Uniswap pool hacked
A hacker stole 35.2m AMB tokens & 125.51 ETH from AirDAO's AMB/ETH Uniswap LP. AirDAO has begun tracking with others, hacker is also offered 10% Whitehat. Only liquidity pool is hit, AirDAO blockchain, Multisig, and the exchange are not harmed. AirDAO announced to add necessary liquidity to Uniswap LP soon.
WhiteHat
A white hat hacker hacked into the Blast Chain game Super Sushi Samurai and made off with 1310 wETH. This is considered as a type of whitehat operation, so there is no loss, users will be reimbursed.
Return
CZ is Active
Binance founder CZ has been moderately active on social media, but his popularity has not diminished. Recently CZ has got 9M followers on social media Twitter. CZ's new project Giggle Academy is also getting ready.
Passive Earning
Dymension (DYM) APR increased
The APR for Dymension (DYM) in the Binance locked product is increased; Binance earn has been announced to give 5.9% / 11.5% / 19% respectively for locking DYM for 30 / 60 / 90 days. With this announcement the value of $DYM has also increased in the market. However, the increased rate is till April 4, Binance may decrease it after that, so there is risk.
EARN Campaign
PEPE2 vs VOLT Prediction Campaign
Kucoin has launched a prediction competition “PEPE2 vs VOLT” between two memecoins Pepe 2.0 and Volt Inu. Period: 00:00 on March 20, 2024 to 00:00 on March 25, 2024 (UTC). Prizes: $10k prize pool consisting of 5 daily prize pools of $1.5k and one grand prize pool of $2.5k. Prizes will be distributed among the users who make the most correct predictions.
Bitcoin Maximallist
Michael Saylor is 1%
MSTR has acquired 9245 bitcoins for $623 million at an average price of $67382 per BTC (on March 18 2024) ). MSTR currently HODLs 214246 Bitcoins (More than 1% of Maximum BTC), which it purchased for $7.53 billion at an average price of $35160 per BTC.
Business
Brian Armstrong is promoting Base-USDC merchants
Transfers of USDC stablecoin on the Base network are gas-free, so it is attractive to credit or debit card users, but fewer merchants accept Base and USDC, so Coinbase boss Brian Armstrong himself is promoting such merchants who accept the USDC on the Base network.
International Incident
OKX India users told to close accounts
OKX on March 21 has told its Indian users to withdraw funds before April 30 and close their accounts. Indian Finance Ministry wants heavy taxes which is unbearable for any exchange. OKX is the second largest offshore exchange, it is possible that other exchanges will follow suit.
