2024-05-14

May 14, 2024

Howdy folks,

🗳️❌ Uniswap CEO Hayden Adams warns that Biden's stance on crypto could lead to electoral defeat, mirroring Hillary Clinton’s 2016 campaign missteps.

Adams highlights the growing political clout of crypto, criticizing the administration's harsh regulatory approach as elections near.

The SEC’s aggressive posture has only fueled Republican support for crypto, potentially shifting the 2024 election landscape.

In other news:

🌏🔒 North Korea's notorious Kimsuky group is making waves with its Durian malware, targeting South Korean crypto exchanges.

This sophisticated malware sneaks in through legitimate software updates, setting up backdoors to steal critical data.

With billions stolen by North Korean hackers in recent years, the threat to global crypto security remains alarmingly high.

🔌😱 Coinbase faced a major outage that prevented users from accessing their accounts through mobile and desktop platforms.

The outage caused panic among users as transactions failed and withdrawal functions were disrupted.

Despite assurances that funds were safe, user confidence took a hit with ongoing issues in fund transfers post-outage resolution, raising concerns about the robustness of their systems.

⚖️🛑 Tether CEO Paolo Ardoino vehemently denies rumors of an SEC investigation into the stablecoin giant, slamming Ripple CEO Brad Garlinghouse's claims as fear-mongering.

Ardoino asserts Tether's robust standing, citing strong compliance and operational resilience.

However, the potential fallout from any regulatory scrutiny could have broad implications for the crypto market, raising concerns about another "black swan" event in the industry.

DailyCoin Daily Meme

Ripple, XRPL Labs Eye Mass Crypto Adoption With DeRec Alliance Membership: Here’s What You Need To Know

DeRec Alliance has received a significant boost from Ripple and XRPL Labs as they tip the effort to drive mass adoption for XRP and crypto.

Binance Founder CZ to Explore Book Writing During Four-Month Jail Term: "Got Nothing Else to Do”

Binance founder CZ sets sights on authoring post-four-month sentencing to maximize free time. Read more on DailyCoin.

BlockDAG Leads Future of Crypto, Outperforming Solana and Toncoin with Revolutionary Roadmap

Explore how BDAG's innovative updates elevate it beyond Solana’s and Toncoin's growth, setting a new standard for crypto investments.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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