2024-06-18

Author

Fernando Fierro
June 18, 2024

Howdy folks,

👋🚀 David Hirsch, head of the SEC's Crypto Asset and Cyber Unit, has exited the agency after nine years. During his tenure, the SEC charged major entities like Binance and Coinbase.

Hirsch shared his departure news on LinkedIn, expressing pride in his work and hinting at new challenges ahead.

The SEC has yet to comment on his exit.

In other news:

💥📉 The crypto market experienced a $40 billion plunge over the weekend due to economic uncertainty surrounding U.S. interest rates. The Federal Reserve’s decision to keep rates unchanged influenced market sentiment, causing a shift toward the U.S. dollar over cryptocurrencies.

Bitcoin remained relatively stable, despite a 5.3% decline over the past week.

💰🔄 A Solana-based bot named “arsc” exploited $30 million from users through MEV arbitrage. This exploit highlights 33 issues with malicious validators on the network, who profited from rearranging trades in their favor, severely impacting user trust.

Despite penalties, some malicious validators continue to operate on the Solana network.

📱💳 Bybit Card has integrated Apple Pay, allowing users to purchase crypto with over 20 fiat currencies and zero transaction fees until July 1. This move aims to provide crypto enthusiasts with a seamless and secure checkout experience using the Bybit app or website.

Transactions are authenticated with Face ID, Touch ID, or a device passcode.

DailyCoin Daily Meme

Why Polygon (MATIC) Trumps Base, According to CEO Marc Boiron

Polygon Labs CEO Marc Boiron has made a case for the Polygon (MATIC) network over a Base. According to Boiron, "fun is coming back to Polygon."

Ethereum ETFs Teased for July 2nd Launch: Here’s What We Know

The reward excitement for a potential Ethereum ETF approval is fueling optimism for the upcoming month as likely for launch.

Cardano Founder: “Ethereum Wouldn’t Exist” if Not for This

Charles Hoskinson emphasizes governance as the key to crypto success, with the Chang hard fork set to revolutionize Cardano.

Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!

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.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.