ALPHA:
There are two new Ethereum Layer 2 chains that launched this week, Mantle and Linea. There are TONS of great yield farming opportunities. Follow my friend CJ for the alpha!
MARKET:
The big news was the summary ruling from Judge Torres in the SEC v Ripple Labs regarding whether the sale of $XRP should be classified as an illegal security. Ethereum and other altcoins ripped on the announcement, but have since retraced their gains as $BTC weakness dragged the market down.
NEWS:
A big win for crypto v the SEC:
Base Layer 2 chain goes live:
More Larry Fink on Crypto:
Nasdaq pumps the brakes on crypto custody biz:
REGULATORY:
New congressional bill draft proposes to regulate DeFi like banks:
CEO of Celsius, Alex Mashinsky in handcuffs:
Finally a Democrat that stands for crypto:
RUGS:
Chinese Authorities Effectively Shut Down Multichain and Seized Assets:
POD O’ THE WEEK:
Pudgy Penguins are headed in the right direction under Luca Netz’s leadership:
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None of this is financial advice