Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readMar 26, 2024

19th March — 26th March

▫️ The SEC has postponed its decision on a VanEck spot Ethereum ETF.

▫️ The SEC faced sanctions for bad faith conduct in the DEBT Box case.

▫️ Genesis settled with the SEC for $21M over charges of unregistered offer and sale of securities.

▫️ Ethereum marks a milestone as the first chain where burned transaction fees exceed lifetime issuance.

▫️ Ethereum’s Pectra upgrade aims to raise the maximum validator stake to between 32 and 2,048 ETH.

▫️ Nigeria has filed tax evasion charges against Binance, while one executive has escaped custody.

▫️ Iceland’s Prime Minister remains skeptical of crypto as miners seek cheap electricity globally.

▫️ Exploiters of the Heco Bridge laundered over $145M in ether using Tornado Cash.

▫️ Alexey Pertsev faces accusations of laundering $1.2B through Tornado Cash.

▫️ Slerf, a Solana memecoin, accidentally burnt $10M raised from presale investors.

▫️ ParaSwap uncovered a vulnerability resulting in four users losing a total of $24K.

▫️ A $4.8M exploit dubbed “Super Sushi Samurai” on Blast involved transferring funds to double balances, conducted by a white hat.

▫️ Dolomite experienced a $1.8M exploit due to vulnerabilities in old contracts, leading to the revocation of approvals.

▫️ A $3M risk emerged from discovering a vault reentrancy vulnerability related to ERC4626.

▫️ Robinhood introduced its crypto wallet to Android users.

▫️ Google searches for an ENS address now display Ether balances.

▫️ BlackRock’s USD institutional digital liquidity fund, BUIDL, offers stable tokens paying monthly dividends in tokens for qualified investors.

▫️ Nexus Mutual provides bundled protocol cover, offering protection for multiple protocols under a single listing.

▫️ Polygon PoS incorporated the secp256r1 curve precompile (RIP7212).

▫️ Libre, a Polygon-based tokenization platform, has gone live.

▫️ Aavegotchi plans to launch its L3 Rollup using Base as its settlement layer.

▫️ Nouns announced a collaboration with Farcaster.

▫️ Do Kwon awaits a final extradition call in a foreigner camp in Montenegro.

▫️ Solana is declared the most popular blockchain so far this year by CoinGecko Research.

▫️ Figure announced the launch of Figure Markets after securing $60M in funding.

▫️ Espresso closed a $28M Series B funding round led by a16z.

▫️ Morph, an Ethereum L2, completed a $20M funding round.

▫️ MANTRA Chain, aiming to be a hub for RWAs on Cosmos, raised $11M in funding.

▫️ GRVT, a CEX, announced a $2.2M strategic fundraise.

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