USA Senator Warren and Coinbase Clash

Alpha-Team
December 25, 2023

🔍 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%

. . .

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. . .

That’s it for today’s edition! See you soon.

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