In this weekly recap, we cover:
- Kamala Harris’ Economic Advisors Stir Crypto Backlash: The crypto community reacts strongly as Harris taps advisors with anti-crypto views, sparking concerns about her campaign’s stance on digital assets.
- Eigen Labs’ Airdrop Controversy: CoinDesk uncovers ethical concerns surrounding Eigen Labs after it was revealed the company circulated employee wallet addresses for token airdrops.
- Goldman Sachs’ Bitcoin ETF Holdings Revealed: Goldman discloses $418 million in Bitcoin ETF investments.
- Bitcoin Hashrate Hits Record High: Bitcoin’s hashrate reaches a new peak, while miner reserves drop to a three-year low, reflecting intense competition among miners.
- Celsius Sues Tether for $2.4 Billion: Celsius targets Tether in a lawsuit claiming improper liquidation of Bitcoin collateral, part of a broader strategy to recover funds for creditors.
- Three Arrows Capital Sues Terraform Labs: 3AC liquidators seek $1.3 billion from Terraform Labs, alleging market manipulation that led to the hedge fund’s collapse.
- Grayscale Launches MakerDAO Fund: Grayscale introduces a new fund dedicated to MakerDAO’s MKR token, continuing its expansion into single-asset crypto funds.
- Pump.Fun’s Fee Removal Draws User Ire: Despite record revenues, Pump.Fun faces backlash after eliminating its token creation fee, leading to a spike in token creation and user dissatisfaction.
- Fun Bits: Ethereum User Pays $88,000 in Fees for a $2,200 Transaction: A costly typo leads an Ethereum user to pay 40 times the transaction value in gas fees, reminding us all to double-check before hitting send!
