Crypto News Weekly Recap đź“°

Paradigm
Paradigm
Published in
2 min readApr 30, 2024

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23rd April — 30th April

▫️ Tether, USDC, and DAI collectively surpass Visa’s average monthly transaction volume in 2023, according to Nansen.

▫️ Industry sources indicate that the SEC is likely to reject spot Ether ETFs next month.

▫️ A lawsuit against the SEC regarding Ethereum prompts the prosecuting firm to demand clarification on Ethereum’s security status.

▫️ ConsenSys receives a Wells notice from the SEC, alleging violations of securities laws related to MetaMask Swaps & MetaMask Staking.

▫️ Vitalik Buterin remarks on Ethereum’s PoW, calling it “quite centralized” and a “temporary stage” until PoS.

▫️ Samourai wallet founders face charges in the US for operating a non-custodial Bitcoin coinjoiner.

▫️ The UK National Crime Agency & police gain authority to seize cryptocurrency without arrest.

▫️ Asia’s first spot bitcoin and ether ETFs officially debut in Hong Kong.

▫️ Magpie suffers a $129k exploit in cross-chain swaps due to unchecked function selector position.

▫️ A $36k exploit named Rico occurs on Arbitrum via a flash loan entry point.

▫️ Victims of the DAO Maker hack are still awaiting reimbursement three years after the incident.

▫️ Optimism discloses two issues in the FaultDisputeGame contract found by Offchain Labs.

▫️ Stripe announces plans to support stablecoin payments by mid-year.

▫️ The Safe{Pass} campaign is launched to incentivize a transition away from EOA.

▫️ Polygon integrates optimal Ate pairing over BLS on zkEVM by leveraging 381-bit field into 256-bit registers.

▫️ Renzo’s ezETH depegging and subsequent airdrop draw criticism.

▫️ Magic Eden unveils a platform for Bitcoin Runes.

▫️ Gitcoin Grants 20 goes live on Arbitrum.

▫️ Tether invests $200M in biotech firm Blackrock Neurotech.

▫️ Movement Labs raises $38M to develop an L2 blockchain on Ethereum.

▫️ Aligned Layer closes a $20M funding round to advance ZK proof technology on Ethereum.

▫️ Fjord Foundry secures $15M for its $FJO token.

▫️ Shiba Inu raises $12M in funding through a token round.

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