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- USA Senator Warren and Coinbase Clash
USA Senator Warren and Coinbase Clash
🔍 Detailed Response from Coinbase to Senator Warren
Warren's Criticism of Coinbase: Senator Elizabeth Warren criticized Coinbase for allegedly using a 'revolving door' hiring policy to evade regulation, suggesting that the company hires ex-legislators and law enforcement for this purpose.
Coinbase Refutes Allegations: In response, Coinbase strongly denied these accusations, stating that they are unfounded and misrepresent the company's commitment to responsible regulation in the cryptocurrency market.
Global Implications and Inviting Dialogue: Coinbase warned about the potential negative impacts of stringent regulations on U.S. crypto innovation, comparing it to China's dominance in 5G technology. They also invited Senator Warren for a briefing on their efforts to combat terrorism financing. Read More.
️ On today's Top Picks:
- ⚖️ SEC admits to inaccurate statements in court case.
- 🕊️ ZachXBT temporarily deactivates Twitter account.
- ⚡ Akron Energy raises $110M in private funding.
- 🔓 Optimism $OP 24.16M token unlock worth ~$79.97M.
Read time: ⏰ 5 minutes
Crypto News
• ⭐️ SEC admits to inaccurate statements in court case against DEBT Box.
• South Korea chief financial regulator to meet with SEC Chairman Gary Gensler to discuss cryptocurrency regulation.
• Japanese government approves tax reform; companies holding cryptocurrencies no longer have to pay taxes on unrealized profits.
• Curve DAO votes in favor of $44M compensation proposal for Curve hack victims.
• BarnBridge DAO pays $1.7M fine and settles with SEC for failing to register the offer and sale of cryptocurrencies.
Alpha
• Delphi Digital's The Year Ahead for Gaming 2024; 20 insights by Stacy Muur.
• Messari Crypto Thesis 2024; 17 insights by Stacy Muur.
• Palm Foundation announces Palm DAO phase 2 is coming.
• Guild releases Guess the Guild game.
Airdrops
• Developer & Education Resources by Earndrop.
• XAI Games announces, "airdrop in a few days."
• Thetanuts Finance announces Phase I of Incentivised Alpha.
• Smolbrains NFT holders airdropped $SMOL token.
Finance News
• Tesla $TSLA recalls 120,423 vehicles due to cabin door issues.
• US Rep. Nancy Pelosi buys $5M worth of Nvidia $NVDA options.
• IRS sends taxpayers special reminder letters regarding debt.
Security and Exploits
• SlowMist weekly security report highlights ~$1.76M in estimated losses.
• ⭐️ ZachXBT temporarily deactivates Twitter account but has since reactivated it.
Token Unlocks
• dYdX / 575.34K $DYDX / ~$1.81M / 26 DEC
• Yield Guild Games / 16.69M $YGG / ~$6.4M / 27 DEC
• SingularityNET / 9.25M $AGIX / ~$3.26M / 27 DEC
• X2Y2 / 37.5M $X2Y2 / ~$458.91K / 29 DEC
⭐️ • Optimism / 24.16M $OP / ~$79.97M / 29 DEC
• Sui / 4M $SUI / ~$2.92M / 30 DEC
• Acala / 27.43M $ACA / ~$2.98M / 31 DEC
Funding
• ⭐️ Akron Energy, data center infrastructure for Bitcoin mining; raises $110M in private funding.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
| PROTOCOL | ASSETS | APY |
|---|---|---|
 Solv Funds (Arbitrum) | USDT | 104.89% |
 Curve DEX (Ethereum) | IDAIIUSDCIUSDT | 82.64% |
 Beefy (Ethereum) | MKUSDUSDC | 58.16% |
 Abracadabra (Arbitrum) | MIMUSDCUSDT | 37.46% |
 PancakeSwap AMM V3 (BSC) | USDTFDUSD | 33.64% |
 Aura (Ethereum) | DOLAUSDC | 33.21% |
 DeltaPrime (Arbitrum) | USDC | 28.09% |
 Velodrome V2 (Optimism) | USDVUSDC | 25.12% |
KelpDAO: Maximize your EigenLayer Re-Staking Points! 🪂 |  |
KelpDAO is a re-staking protocol. Deposit stETH or ETHx with Kelp to get both EigenLayer Points AND Kelp Miles!
Bonus alpha → if you choose $ETHx when re-staking, StaderLabs -ETHx Founders- will distribute a portion of their own Eigen Points to you. EigenBoost!
Kelp will likely convert their Miles into tokens down the road.
That’s it for today’s edition! See you soon.
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