Also: Trump faces likely conviction, per Polymarket punters; CFTC hearing to discuss political betting ban.
CZ’s Trial Proves it Pays to Cooperate
His four-month sentence was vindication for the Binance founder’s legal strategy.
How CZ’s ‘Good Guy’ Reputation Secured 4-Month Prison Sentence
Judge Richard Jones said he spent the weekend pouring over the voluminous letters of support for the ex-CEO of Binance until the book they were contained in literally fell apart.
Ahead of EU Elections, Crypto Industry Pushes Blockchain Merits as Policy Focus Shifts to AI
Industry watchers are hoping for a younger, tech-savvy cohort of politicians that can push innovation-friendly policy forward.
Binance’s CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet
Also, the CFTC wants to bar Americans from betting on elections – even though it’s already illegal in most U.S. states.
Japan’s Embrace of Web3 Uncertain as Ruling Party Under Threat
Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.
Consensys, a Target for the SEC’s Assault on ETH, Is Fighting Back
Samourai Wallet Charges Raise Existential Questions for Privacy Tech
Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet.
Do Kwon’s Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.
Will Bitcoin’s New BIP Editors Streamline Development?
Five new editors were added to help speed up the process of approving and merging Bitcoin Improvement Proposals.
Polymarket Odds Say Columbia University President Will Keep Job
Continuing pro-Palestine protests won’t lead to Minouche Shafik having a fate similar to Claudine Gay, who was recently forced to resign as Harvard’s president, the prediction market signals. Plus: Kalshi bettors don’t think Taylor Swift will break her record.
Is the Bitcoin Rally Over? Reasons to Stay Bullish on BTC Despite Correction
Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but “few understand how normal corrections like these are in bull markets,” one observer noted.
‘DePIN’ Is Venture Capitalists’ Latest Crypto Obsession. Can It Match the Hype?
Already a multi-billion-dollar sector of the crypto industry, the DePIN narrative is a promising one, according to experts.
Free Money? Polymarket Bet Pays 8% if China Doesn’t Invade Taiwan
Betting against that outcome could yield almost 8x as much as Taiwan government bonds. Plus: Mideast turmoil barely changes presidential odds.
Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
“A lot of things can go wrong,” in Ethena’s yield-generation strategy, said Folkvang CEO Mike van Rossum.
South Korea’s April 10 Election: What’s at Stake for the Crypto Universe
On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a majority, making any group of voters, including crypto enthusiasts, significant.
Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets
Eigenlayer has a 75% chance of sending users free tokens by June 30, the odds on Polymarket signal. Plus: Kalshi lands a big Wall Street account.
Did Strong Bitcoin ETF Demand Kill Halving’s Potential Bullish Rally?
The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving.
EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It’s Not
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.
Crypto AI Projects Would Need to Buy Chips Worth Their Entire Market Cap to Meet Ambitions
Supporting the creator economy with AI-generated video will take more GPUs than all major tech companies operate.