lightweight.lens(๐ฆ,๐ฟ) (@lightweight) โข Hey
๋งํ ๋ง์ฝ ๋ฌ๋ ค๊ฐ๋๋ค~
#F4F #C4C #Like
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#Crypto #Web3 #EnjoyCryptoWorld
Publications
- ์ค๋๋ง์ ๊ธ์ฐ๋ฌ์๋๋ฐ ๋ฑํ ์ธ๊ฒ์๋ค
๋ ์ฆ ๋ค์ ์ด์ฌํ ํ๊ธฐ๋ก ๋ง์๋จน๊ธฐ!!
- AI ์ฌ์ง ์ฒจ ๋ง๋ค์ด๋ดค๋๋ฐ ํ์ง ๊ตฌ๋ฆฌ๋ค์ผ
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โ
[BRC-20 ํ ํฐ ์ด ์์ฅ ๊ฐ์น, $900M ๋ํ]
- Ordinals ํ๋กํ ์ฝ์ ํตํด Bitcoin์์ ์์ฑ๋ ํ ํฐ์ ์ด ์์ฅ ๊ฐ์น๋ $900M๋ฅผ ๋ํํ๋ฉฐ ์ ํฅ ์์ฐ ํ์์์ฅ์ ๊ธ์ํ ์ฑ์ฅ์ ๋ง๋ค์ด๋ด๊ณ ์์
- Bitcoin ๊ธฐ๋ฐ ํ ํฐ์ Ethereuem ๋ธ๋ก์ฒด์ธ์ ํ ํฐ ํ์ค์ธ ERC-20๊ณผ ์ ์ฌํ๋ฉฐ 1์์ ๊ฐ๋ฐ๋ Ordinals ํ๋กํ ์ฝ์ ๋คํธ์ํฌ์์ Bitcoin์ ๊ฐ์ฅ ์์ ๋จ์์ธ Sats์ ์ธ๋ฑ์ฑ ๋ฐ ๋ชจ๋ํฐ๋ง์ ํ์ฉํจ
https://www.theblock.co/post/229757/bitcoin-based-brc-20-tokens-combined-market-value-eclipses-900-million
- ์ค๋์ ์์ฃผ Yammy~
- ์ phaver ์ฐ๋ ์์๋...
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[One Twitter account will release a video that generates and distributes tokens within 23 seconds]
- In recent weeks, a viral video has emerged detailing that meme coins are attracting the attention of the wider crypto ecosystem, making it easy for anyone with access to the Internet to create a crypto
- Whitelights on Twitter.Johnny Shankman, a digital artist using the name eth, released a video that completed the process of creating and distributing a new token called EASY_MONEY in 27 seconds
- Shankman uses a program called the Contract Wizard created by OpenZepelin to generate code for the ERC-20 token in just a few cursor clicks
- In less than 24 hours, another account on Twitter uploaded a video that completed the same process in 22.45 seconds
https://cointelegraph.com/news/you-can-now-create-a-shitcoin-in-less-than-23-seconds
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[SEC, Hydrogen Technology Corp. wins lawsuit for manipulating the price of cryptocurrency]
- On April 20, a New York District Court judge ruled in a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) to pay a $2.8 million fine and remedy to Hydrogen Technology Corporation and former CEO Michael Ross Kane
- In September 2022, the SEC alleged that Kane and Moonwalkers CEO Tyler Ostern committed a plan to manipulate volumes and prices after distributing Hydro tokens through airdrop, reward programs and direct market sales in 2018
- https://cointelegraph.com/news/opnx-ceo-scolds-claimed-backers-after-they-deny-investing-in-the-firm
[OPNX CEO scolds claimed backers after some deny investing in the firm](https://cointelegraph.com/news/opnx-ceo-scolds-claimed-backers-after-they-deny-investing-in-the-firm)
A number of venture capital firms including Appworks, DRW Trading, and Nascent have denied supporting the new crypto claims exchange OPNX.
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[Celsius Asset Auction, Coinbase and Gemini Bidding]
- Cryptocurrency Exchange Gemini And Coinbase To Join Bid For Celsius Asset Auction Scheduled For April 25 In New York
- Fortune cited a tweet from blockchain investor Michael Arrington as saying Coinbase is one of the companies supporting the Fahrangeit consortium, and Gemini is participating in the Blockchain Recovery Investment Committee
[Celsius auction has Gemini and Coinbase as new bidders: Report](https://cointelegraph.com/news/celsius-auction-has-gemini-and-coinbase-as-new-bidders-report)
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York.
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[Zimbabwe's central bank to issue gold-based digital currency]
- Zimbabwe central bank (RBA) to use gold-based digital currency as fiat currency to stabilize local currency
- Local media reports say the move will allow more Zimbabweans to hedge currency volatility by exchanging small amounts of Zimbabwe dollars for digital gold tokens, and RBA chief John Mangudya says the plan is to ensure no one is sidelined
[Zimbabweโs central bank to issue gold-backed digital currency: Report](https://cointelegraph.com/news/zimbabwe-s-central-bank-to-issue-gold-backed-digital-currency-report)
The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as legal tender in the country.
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[China's Changsu City Government Employees Receive Digital Yuan Pay From May]
- China's Changshu city says full pay in digital yuan to all officials in jurisdiction from May 2023
- Jiangsu Province, where Changshu City is located, launched its Digital Yuan Pilot Program in Q1 2023, with local reports aiming to establish an efficient and convenient operating and management system by 2025
[Chinese city public servants to receive digital yuan salaries starting May](https://cointelegraph.com/news/chinese-city-public-servants-to-receive-digital-rmb-salaries-from-may)
Jiangsu, the province in which the city of Changshu is located, previously initiated a pilot program for the digital yuan in Q1 2023.
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[Google Announces Business Unit dedicated to Next Generation AI Innovation and Product Development]
- Google and Alphabet CEO Sundar Pichai announced Google DeepMind, a new division dedicated to next-generation AI innovation and product development, merging Google Research's Brain team with London's AI company DeepMind acquired by Google in 2014
- Pichai says it is creating units to help build a safer, more responsibly feature-rich system and will be used to enhance Google products
[Google DeepMind restructuring aims to deliver next-gen AI breakthroughs](https://cointelegraph.com/news/google-deepmind-restructuring-aims-to-deliver-next-gen-ai-breakthroughs)
The newly formed business unit aims to accelerate the companyโs progress in developing AI in a safe, responsible manner.
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[White House Press Secretary Banning Participation in Former Crypto Clients]
- U.S. President Joe Biden bars White House press director Ben LaBolt from participating in legal issues, investigations or contracts involving cryptocurrency or technology companies he has previously worked with
- Uniswap and Andresen Horowitz were both former customers of Bully Pulpit Interactive (BPI), both included in the list of 23 customers who pay BPI over $5,000 a year in fees, according to a financial disclosure report released on April 21
[Bidenโs comms director barred from former crypto clients: Report](https://cointelegraph.com/news/biden-s-comms-director-barred-from-former-crypto-clients-report)
White House communications director Ben LaBolt will reportedly be banned from โparticipating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented.โ
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[Skybridge Capital CEO, "FTX Resurrection Skepticism"]
- Skybridge Capital CEO Anthony Scaramucci says while the company is closely tied to FTX, he is skeptical that the bankrupt cryptocurrency exchange FTX will be able to revive
- He also warns SEC chairman Gary Gensler's stance on the cryptocurrency industry could push more businesses out of the country, saying Gensler is a malicious regulatory enforcer and the idea of driving Crypto out of the country in embarrassment of SBF is a truly absurd idea
[FTX revival is all but impossible in Scaramucci's view](https://www.theblock.co/post/227697/scaramucci-ftx-skybridge)
The Skybridge Capital boss, whose firm is entwined with FTX, doesn't see a way for FTX to return to business.
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[Ethereum Core Developer Discusses Upgrading Cannon-Deneb]
- Ethereum core developers on Thursday discussed code modification plans in the blockchain consensus layer to prepare for the next upgrade of Shapella, Canun-Deneb
- The upgrade will implement new changes across Ethereum's two mainnet layers, the execution layer and the consensus layer, and the most important expected change is EIP-4844 known as proto-danksharding
[Ethereum after Shapella: Developers make progress on Cancun-Deneb](https://www.theblock.co/post/227746/ethereum-shapella-cancun-deneb)
Following the recent, Shapella upgrade, Ethereum developers are now making progress on the next upgrade โ referred to as "Cancun-Deneb."
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[SBF's lawyer asks for an extension of the implementation deadline of the revised bail conditions]
- SBF's lawyers Mark Cohen and Christian Everdell said they had successfully implemented all specified bail conditions except monitoring SBF's parents' mobile phone use, according to a court filing on April 19
- They found a solution to monitor cell phone use, but asked for an extension, saying they needed time to perform further tests
[SBFโs lawyers unable to tap his parentโs phones to meet bail conditions](https://cointelegraph.com/news/sbf-s-lawyers-unable-to-tap-his-parent-s-phones-to-meet-bail-conditions)
In an April 19 court filing, Sam Bankman-Friedโs legal team have requested a third extension on the implementation of his bail conditions due to challenges with installing monitoring software on his parent's phones.
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[Lawyer Do Kwon requests SEC securities fraud lawsuit to be dismissed]
- Lawyers representing Terraform Labs founder Do Kwon ask for dismissal, saying Do Kwon defrauded U.S. investors by illegally providing unregistered securities, saying it was groundless
- Lawyer calls for lawsuit to be dismissed and says federal securities law should be banned from being used to claim jurisdiction over digital assets in this case
[Do Kwon lawyers reportedly dismiss SECโs securities fraud allegation](https://cointelegraph.com/news/do-kwon-lawyers-reportedly-dismiss-sec-s-securities-fraud-allegation)
The legal proceedings began when Do Kwon was arrested in Montenegro on March 23 while allegedly attempting to fly to Dubai using fake documents.
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[Crypto hashtag TikTok video has accumulated 6 billion views]
- A recent study by DaapGamble found that popular crypto-related hashtags like #crypto, #cryptok, and #cryptoadvice exceeded 6 billion cumulative views
- DaapGamble analyzed 1,161 TikTok videos and found that more than a third of them were misleading, with only one-tenth of the videos containing disclaimers that warn users of investment risks
[Over 30% of TikTok videos on crypto investments are misleading: Research](https://cointelegraph.com/news/over-30-tiktok-videos-on-crypto-investments-are-misleading-research)
Viewers often overlook the ill intent of their favorite influencers and end up trusting their content purely based on its high number of views or likes.
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[Trust Wallet plans to resolve major wallet vulnerabilities and refund after $170,000 security incident]
- Trust Wallet says it has identified and addressed key vulnerabilities within its core wallet software library and will create a reward system to support affected users
- This issue affects wallet addresses on Ethereum and other blockchain generated through Trust Wallet Extension between November 14 and November 23, 2022
[Trust Wallet fixes vulnerability, plans reimbursements for user losses](https://www.theblock.co/post/227730/trust-wallet-vulnerability-fix)
Trust Wallet reported that it identificated and resolved of a major WebAssembly (WASM) vulnerability within its core wallet software library.
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[Total ETH supply decreased by 100,000 since The Merge]
- According to Ethereum tracking website untrasound.money, total supply of ETH has decreased by 103,092 over the past 217 days since The Merge, which is over $200M based on current price
- The Merge facilitated Ethereum's reduction in native token supply, but did not implement ETH incineration on its own, but is creating Ethereum deflation with EIP-1599 that incinerates basic fees
[Ether supply reduced by 100,000 coins since The Merge](https://www.theblock.co/post/227426/ethereum-supply-100000-ether-merge)
Over the last 217 days, the total supply of ether has reduced by 103,092 coins โ worth more than $200 million at current prices.
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[Web3 Startup Funding, Down 82% YoY]
- VC funding for Web3 startups fell 82% from $9.1B in Q1 2022 to null.7B in Q1 2023, compared to the same period last year, according to data from Crunchbase
- Crunchbase attributes the drop in Web3 funding to investors choosing a risk-averse approach over the past few months, looking for opportunities in well-known industries such as cybersecurity or SaaS
[VC funding into Web3 start-ups down 82% year-over-year: Crunchbase](https://cointelegraph.com/news/vc-funding-into-web3-start-ups-down-82-year-over-year-crunchbase)
Crunchbase attributed the decline to investors seeking out safer alternatives, the impact of the FTX implosion, and recent uncertainty surrounding the banking sector.
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[Gemini Introduces New Platform for Overseas Users Under US Regulations]
- Cryptocurrency Exchange Gemini Launches Derivatives Platform For Users Outside the U.S
- The platform is available in countries such as Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, Brazil, El Salvador, Israel, Nigeria, South Africa, South Korea, Switzerland, Thailand and Turkey, and Gemini has said it plans to expand outside the U.S. by opening its APAC regional CEO and Indian branch
[Gemini launches derivatives platform outside the US](https://www.theblock.co/post/227722/gemini-foundation)
The announcement comes as U.S. exchanges are increasingly focusing on markets abroad amid an increasingly complex regulator environment.
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[Solana Launches Carbon Emissions Dashboard]
- Solana Foundation Collaborates With Data Platform Trycarbonara To Launch Real-Time Dashboard To Measure Carbon Emissions From Solana Blockchain
- The new dashboard is available on the Solana Climate website and displays indicators such as the current total number of nodes, megawatts per hour, the average total carbon footprint, and marginal usage
[Solana launches emissions dashboard to spur blockchain carbon footprint transparency](https://cointelegraph.com/news/solana-launches-emissions-dashboard-to-spur-blockchain-carbon-footprint-transparency)
The Solana Foundation has launched an emissions-tracking dashboard in hopes of setting a standard for transparency in measuring blockchainโs carbon footprint.
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[Ukraine Announces EU's Plan to Adopt MiCA Rules]
- Immediately after the EU parliament passed the MiCA rules, Ukrainian regulators publicly said they would also adopt the MiCA bill in their own country
- NKCPFR MP Yuurir Boyko says Ukraine is confident it will be the first country to implement the rule into national legislation
[Ukraine plans to adopt EUโs new cryptocurrency regulations](https://cointelegraph.com/news/ukraine-plans-to-adopt-eu-s-new-cryptocurrency-regulations)
Ukraineโs move to adopt EU regulations is perhaps unsurprising, as it gained EU candidate status in June 2022.
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[Texas House of Representatives Passes Bill to Prove Cryptocurrency Exchange Reserves]
- Texas House passes bill requiring cryptocurrency exchanges to maintain reserves in sufficient amounts to fulfill all obligations to customers on April 20
- The Supplier must have sufficient reserves to allow immediate withdrawal and the Bank may revoke the license if the Supplier fails to comply with the requirements
[โProof of reservesโ bill passes Texas House of Representatives](https://cointelegraph.com/news/proof-of-reserve-bill-passes-in-texas-house-of-representatives)
In case the provider fails to comply with the requirements, the Banking Department would have a right to revoke its license.
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[Test in Prod Launches OP Erigon, New Client Software for Optimism]
- Optimism Blockchain Contributor Test in Prod Launches Modified Version Of Ethereum's Erigon Client Software
- Early versions of OP Erigon are accessible from the Optimistic Goerli testnet and are expected to work with OP-Geth
[OP Erigon released as new client software for Optimism on testnet](https://www.theblock.co/post/227593/optimism-client-op-erigon-released)
Optimism contributors emphasize that multiple clients can help prevent a single point of failure, bolstering the network's resilience.
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[Starbucks fails to sell out the latest NFT collection]
- Starbucks fails to sell out latest NFT collection modeled on first store opened in Seattle 52 years ago
- Data from Starbucks' NFT marketplace partner Nifty Gateway shows that only 4,579 of the collection's 5,000 NFTs have been sold, with NFTs sold for $100 currently trading at $150
[Starbucks fails to sell out NFT collection celebrating original Seattle store](https://www.theblock.co/post/227573/starbucks-nft-first-store-collection-fails)
Starbucks fell short of selling out of its latest NFT collection on Polygon, dubbed "The Starbucks First Store Collection."
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[1 billion USDT additionally issued by Tether, Ethereum]
- Tether Issues USDT Tokens Worth nullB On Ethereum Blockchain, Increases Ethereum's Total Supply Of USDT To Over 35 Billion
- Tether CTO Paolo Ardoino SAYS ISSUED USDT WILL BE USED AS INVENTORY FOR ISSUE REQUESTS AND CHAIN SWAPS FOR NEXT PERIOD
[Tether mints another billion USDT on Ethereum, stablecoin dominance rises](https://www.theblock.co/post/227529/tether-another-billion-usdt-stablecoin-ethereum)
Some argue that the supply of Tether's USDT has historically indicated the direction in which the price of bitcoin will trend.
- Korean beef ! Yammyโค๏ธ
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[Paradigm accuses SEC of attempting to regulate cryptocurrency indiscriminately]
- Web3 venture capital firm Paradigm says SEC chairman Gary Gensler's attempt to indiscriminately substitute crypto assets that may not be securities into an unsuitable framework is a bad policy, in data released on April 21
- Paradigm says the SEC does not provide the information it needs to users and investors of crypto assets, notes that current disclosure policies were created in the 1930s long before the Internet, and argues that the crypto market is fundamentally different from traditional securities markets
[SECโs โbrute forceโ crypto regulation attempt is โbad policyโ โ Paradigm](https://cointelegraph.com/news/sec-s-brute-force-crypto-regulation-attempt-is-bad-policy-paradigm)
Venture firm Paradigm claimed the SECโs disclosure framework is ill-fitting, bad policy and should not apply to crypto.
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[Berachain Attracts $42M Investment]
- Berachain Attracts $42M Investment In Private Token Round Led By Polychain Capital And Participated By Hack VC, Shima Capital, Robot Ventures, Goldentree Asset Management And More
- The protocol aims to provide users with liquidity to the DeFi protocol while staking tokens, and will launch an open incentive testnet in a few weeks and a mainnet later this year
[Berachain raises $42 million to launch yet another Layer 1 blockchain](https://www.theblock.co/post/227344/berachain-funding-new-layer-1-blockchain)
Berachain, a new Layer 1 blockchain project, has raised $42 million in a token round led by Polychain Capital.
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[Flashbots Launches MEV-Share to Distribute MEV Revenue to Ethereum Users]
- Blockchain infrastructure provider Flashbots launches beta of MEV-Share protocol aimed at distributing part of MEV revenue to Ethereum users
- A Flashbots spokesperson said in a statement that users can benefit from MEV revenue while maintaining privacy and that they plan to release the code as open source after completing a technical evaluation in the beta phase
[Flashbots rolls out MEV-Share to distribute MEV profits with users](https://www.theblock.co/post/227310/flashbots-mev-share-ethereum-users)
The MEV-Share protocol is incorporated within Flashbots Protect, an RPC tool integrated with users' wallets, aiming to defend against front-running.
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[Bancor Launches New DEX Protocol]
- Bancor Launches On-Chain Protocol, Aims To Make Automated Transactions Easier And Profitable On Decentralized Exchanges
- Bancor said in a statement that a new tool called Carbon allows users to carry out automated trading strategies and is resistant to MEV sandwich attacks
[Bancor launches new DEX protocol boasting MEV-resistance](https://www.theblock.co/post/227293/bancor-carbon-dex-mev-resistance)
Bancor's new on-chain trading protocol, Carbon, aims to make automated trading on a DEX easier, more profitable and MEV-resistant.
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[Iron Fish Launches Privacy-Focused Blockchain Mainnet]
- Layer 1 blockchain Iron Fish, which emphasizes transaction privacy through proof of knowledge, launches mainnet after more than two years of development
- Iron Fish founder and CEO Elena Nadolinski said in an interview that Iron Fish is a PoW-based Layer 1 blockchain network that acts as a privacy layer for digital assets and Web3
[A16z-backed Iron Fish launches privacy-focused blockchain on mainnet](https://www.theblock.co/post/227336/a16z-backed-iron-fish-launches-mainnet-blockchain)
Iron Fish, a Layer 1 blockchain initiative emphasizing transactional privacy, has released its mainnet after being in development for more than two years.
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[EU Parliament Passes Cryptocurrency Regulation Bill MiCA]
- EU policymakers formally pass cryptocurrency regulation bill MiCA, providing clarity on scope and definition of cryptocurrency regulation
- The bill will be announced in July if officially approved by the EU's 27 member states
[EU passes crypto regulation as it hopes to set global standard](https://www.theblock.co/post/227309/mica-european-union-crypto-regulation-passes)
The European Union has passed its mammoth crypto regulation after delays in January. The bill should come into force from July.
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[Forge Launches Euro Stable Coin From Ethereum]
- Societe Generale's cryptocurrency subsidiary Forge announces plans to launch Euro Stablecoin CoinVertible on Ethereum blockchain
- CoinVertible will offer strong payment options for solutions such as on-chain trading, liquidity and margin calls and will be listed on exchanges and third-party platforms in the coming months
[Societe Generale launches CoinVertible euro stablecoin on Ethereum](https://www.theblock.co/post/227297/societe-generale-coinvertible-stablecoin-euro-mica-crypto)
One of the world's largest banks is launching its own Euro based stablecoin as the European Union passes crypto laws.
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[Synthex, Volume Surges After OP Air Drop]
- Synthetix's 7-day average volume has increased from $51M to $115M since Optimism token airdrop, and fees have doubled, according to the Dune Analytics dashboard
- Users trading on the platform will be able to obtain OP tokens for 20 weeks, and Synthetix will distribute more than 5.3 million OP tokens worth about $12.8 million during the program
[Synthetix Volume Surges on Optimism Incentive Programย - The Defiant](https://thedefiant.io/snx-volume-surges-on-op-rewards/)
Traders Will Be Eligible To Earn Optimism Token Rewards During The 20-Week Campaign
- Today is another fine and pleasant day in Tokyo!
We will soon have a big holiday weekend in Japan called Golden Week Holiday.
I hope it will be sunny all the time!
Phaver ๐ซถ๐ป kudasaijp
I wore this for a walk today and it's great ๐โจ
#phaver #kudasaijp #photo #selfie
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[Coinbase opens derivatives exchange in Bermuda as early as next week]
- Coinbase To Be Licensed From Bermuda Authorities To Launch Offshore Derivatives Exchange As Early As Next Week
- Coinbase, in its announcement, calls Bermuda a highly respected and experienced financial regulator and says it is a regulatory environment that has long provided a high level of rigor, transparency, compliance and cooperation
[Coinbase gets Bermuda license on way to possible offshore exchange](https://www.theblock.co/post/227253/coinbase-bermuda-offshore-derivatives-exchange)
Coinbase is a step closer to launching an offshore derivatives exchange.
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[NYDFS, "Not Because of Signature Bank Collapse Cryptocurrency"]
- New York Financial Services Authority (NYDFS) Adrienne Harris said it was wrong that Signature Bank's collapse was related to cryptocurrency, adding that about 20% of Signature's deposits were withdrawn from banks on the evening of Silicon Valley Bank's bankruptcy, but only 20% of them were cryptocurrency-related deposits
- He says Signature Bank's collapse is not the result of cryptocurrency deposits and instability, as the remaining 80% were general commercial customers
[Signature Bank didn't fail because of crypto, New York regulator says](https://www.theblock.co/post/227146/signature-bank-new-york-regulator)
The head of New York's banking agency told congress that crypto didn't cause the regulator to shut down Signature Bank last month.
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[Chainstack Launches Subgraphs, an on-chain indexing tool]
- Web3 infrastructure company Chainstack launches Subgraphs, an indexing tool that extracts and organizes data from transaction history from 13 major blockchains, making it easier for developers to analyze blockchain data
- Eugene Aseev, founder and CTO of Chainstack, says he is pleased to launch Subgraph to provide a simple and reliable way for Web3 developers and businesses to access on-chain data
[Chainstack launches Subgraphs, an on-chain indexing tool for 13 blockchains](https://www.theblock.co/post/227074/chainstack-launches-subgraphs-indexing-tool)
By providing a single access point for data across all supported protocols with Subgraphs, Chainstack aims to help teams begin using the indexer through a hosted service.
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[a16z Crypto, Layer 2 Solution Magi Revealed]
- a16z Crypto unveils Optimism-based Layer 2 rollup client Magi after drawing attention with tweets containing orange ball images
- Magi is a new roll-up client developed by Rust to increase client diversity and improve the OP stack ecosystem, with future plans including improved latency, sync speeds and test frameworks
[A16z Crypto's hyped 'orange ball' launch revealed to be big meh](https://www.theblock.co/post/227136/a16z-crypto-andreessen-horowitz-optimism-magi-orange-ball)
After a day of buzz, Andreessen Horowitz announced a Layer 2 consensus client that "feeds new blocks to the execution client in order to advance the chain."
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[Intel. Bitcoin ceases production of mining chip products]
- Intel will suspend production lines at Blockscale, an ASIC chip for Bitcoin mining, according to an Intel spokesperson
- Intel has said in recent months that it plans to save $3B by 2023 and $8B to $10B per year by 2025, making cost-cutting efforts to cut salaries for top executives
[Intel signals end of Bitcoin mining chip business amid cost-cutting effort](https://www.theblock.co/post/226903/intel-bitcoin-mining-chip-business-ends)
The move to sunset its Blockscale mining product, reported by Tom's Hardware, comes a year after the chip was first unveiled.
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[Pancake Swap proposes to change Talknomics]
- PancakeSwap announced a proposal on April 18 to limit token inflation to 3-5% per year and shift to a staking model featuring real returns from protocol earnings and benefits to long-term CAKE stakers
- PancakeSwap Says This Is A Significant Change And Says He Thinks It's Time To Take This Model To The Next Level To Strengthen CAKE To A Deflation Model
[PancakeSwap wants to cap token inflation rate at 3%โ5% per year](https://cointelegraph.com/news/pancakeswap-wants-to-cap-token-inflation-rate-between-3-to-5-per-annum)
PancakeSwap currently operates on a high-emissions model to incentivize adoption.
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[Secretary of State, strongly criticized by Republicans on the House Financial Services Committee]
- House Republicans lambasted SEC Chairman Gary Gensler at the House Financial Services Committee on Tuesday for the SEC's digital asset processing, ETH's securitability judgment, stablecoin rules and lack of clarity on the agency's FTX processing
- Several Republican lawmakers criticized the SEC for not taking preemptive action against FTX and accused him of deliberately driving the digital asset industry out of the U.S
[Gensler gets grilled in the House on SEC's take on crypto](https://www.theblock.co/post/226877/gensler-sec-congress-hearing-crypto)
House Republicans pressed SEC chair Gary Gensler over his agency's approach to ether.
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[Bitcoin Financial Services Company Unchained Announces $60M Series B Investment Round]
- Unchained, which provided Bitcoin-only financial services, announced a $60M Series B round
- The initial deadline completed last week was led by Valor Equity Partners and was joined by NYDIG, Trammell Venture Partners, Eclipse Capital and Highland Capital Partners
[Bitcoin-only services provider Unchained raising $60 million Series B](https://www.theblock.co/post/226848/bitcoin-services-unchained-funding)
Bitcoin financial services company Unchained announced a $60 million Series B round, with an initial close led by Valor Equity Partners.
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[Starbucks Launches New NFT Collection at Polygon]
- Starbucks has launched a new collection on the Polygon Network called "The Starbucks First Store Collection," featuring art reminiscent of Seattle's first store in 1971
- 5,000 "The First Store Collection Stamps" will go on sale Wednesday for $100, giving early access to those who own more than two previous collections of "Journey Stamps"
[Starbucks set to launch a new NFT collection on Polygon](https://www.theblock.co/post/226809/starbucks-polygon-new-nft-collection)
Coffee giant Starbucks is launching its second paid NFT collection on Polygon: "The Starbucks First Store Collection."
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[UK to introduce new cryptocurrency bill in next 12 months]
- UK government to introduce new UK-only regulatory legislation on cryptocurrencies within next 12 months, UK finance minister Andrew Griffith says
- HE SAYS NEW CRYPTION REGULATION BILL IN UK WILL BE EXECUTED WITH TRADITIONAL FINANCIAL REGULATIONS AND WILL REGULATE THE SAME ASSETS, SAME TRANSACTIONS IN THE SAME WAY AS POSSIBLE
[UK could use Brexit to make new crypto regulation](https://www.theblock.co/post/226800/uk-crypto-regulation-law-brexit-andrew-griffith)
A consultation on Britainโs proposed crypto regulation ends on April 30. The intention is to make the UK โa safe jurisdiction for cryptoasset activity."
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[ETH Staking overtakes Shapella for the first time since the upgrade]
- Nearly 95,000 ETHs have been staked and 27,000 ETH withdrawn over the past 24 hours, according to data provider Nansen, surpassing the amount of staked for the first time since Shapella
- Analysts claim withdrawals may continue to rise in the short term, but say withdrawals do not indicate intent to sell and users may move withdrawn ETH to other validators or staking providers
[Staked ether deposits surpass withdrawals for the first time since Shapella upgrade](https://www.theblock.co/post/226792/staked-ether-deposits-surpass-withdrawals-shapella)
Over the past 24 hours, the amount of ether staked exceeded that of ether withdrawn for the first time since Ethereum's Shapella upgrade made withdrawals possible.
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[BoE Vice President prepares for a bigger role of tokenization in finance]
- Bank of England (BoE) Deputy Governor Jon Cunliffe addresses Stablecoin, CBDC and Tokenized Assets in a speech on financial innovation, saying he is exploring how tokenized and tokenized assets of money interact
- He says Stablecoin has the potential to deliver greater efficiency and capabilities in payments, and says it will also potentially be possible to synchronize tokenized transactions with the real-time payment system through ongoing upgrades
[Bank of England preparing for greater role of tokenization in finance, official says](https://cointelegraph.com/news/bank-of-england-preparing-for-greater-role-of-tokenization-in-finance-official-says)
Bank of England deputy governor Sir Jon Cunliffe spoke at a conference about the growing role of tokenization in finance.