Episode 505
📍 The Ethereum community strongly rejected a proposal by Arthur Hayes to "roll back" the network to negate the recent $1.4 billion Bybit hack, citing concerns over decentralization and the network's ethos.
📍 The Bybit hacker now holds approximately 489,000 ETH, valued at $1.34 billion, making them the 14th-largest Ether holder globally, and the stolen coins are likely lost permanently, potentially leading to a supply squeeze.
📍 The SEC is poised to drop its lawsuit against Coinbase, marking a significant moment for the US crypto industry, and potentially paving the way for more crypto firms to list their shares publicly in the US stock markets.
📍 OpenSea announced that the SEC will end its investigation into the Ethereum NFT marketplace, with the company's CEO stating that this is a win for the entire crypto space and a step forward for innovation.
📍 Bitcoin's biggest meme coin, $DOG, has bridged over to Solana, allowing for lightning-fast trading speeds and transaction fees of less than a penny, further expanding the meme coin's reach and accessibility.
