2024-06-24

Author

Fernando Fierro
June 24, 2024

Howdy folks,

đź’Ąđź’Ľ The Winklevoss twins' generous Bitcoin donation to Donald Trump's campaign hit a wall when it exceeded federal legal limits, leading to a refund. Each twin had donated $2 million in Bitcoin, but Trump's campaign could only legally accept up to $844,600 per individual.

This incident highlights Trump's evolving stance as the 'crypto President' and the crypto industry's support.

In other news:

🔍🛡️ Binance has recovered $5.3 million of the $54 million stolen in the BtcTurk hack. The exchange is working tirelessly with BtcTurk to retrieve the remaining funds, and the stolen assets have already been frozen.

The hack underscores ongoing security challenges in the crypto space and the importance of swift response actions.

⚔️💰 Kraken and CertiK are embroiled in a controversy over a $3 million white-hat hack. CertiK performed the hack to expose a critical bug, but Kraken accused it of extortion.

Despite returning the funds, the incident raises questions about ethical practices in security audits.

🚀🛠️ Arbitrum’s network faced a significant test with the recent LayerZero airdrop, which spiked gas fees and recorded network revenue. The event exposed scalability challenges, highlighting the need for further optimization.

As gas fees soar, questions remain about the long-term impact on user adoption and network stability.

DailyCoin Daily Meme

Italy Bolsters Crypto Risk Surveillance in New Draft Decree

Italy is reportedly about to approve a new draft decree introducing stricter crypto risk surveillance measures, including fines of up to $5M for offenders.

Are Crypto Tattoos A Work Of Art Or Next-Level Shilling Technique?

Crypto tattoos, whether digital asset logos, NFTs, or QR codes, highlight moments of euphoria in the world of blockchain and cryptocurrency.

Tether’s USDT on TRON Hits $53B Daily Volume, Surpasses VISA

Tether’s USDT on TRON outpaces VISA’s daily volume, highlighting stablecoins’ growing impact on international finance and payments.

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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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