Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readApr 23, 2024

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16th April — 23rd April

▫️ Crypto funds see $206 million in weekly outflows as investors ‘fret’ over interest rates.

▫️ Bitcoin experiencing ‘DeFi summer’ moment as miners rake in a record $100 million post-halving.

▫️ PayPal, EnergyWeb propose incentive program for Bitcoin miners who go green.

▫️ Ledger Live to offer crypto swap, instant-buy services through MoonPay.

▫️ Ripple files opposition to SEC’s proposed $2 billion in fines, calling it ‘evidence of its ongoing intimidation’.

▫️ Venezuela plans to speed up USDT adoption following US sanctions.

▫️ Hedgey Finance $44M exploit on Arbitrum & mainnet via missing input validation.

▫️ Grand Base $2M exploit on Base via deployer private key compromise.

▫️ IRS draft form 1099-DA includes unhosted wallet provider checkbox.

▫️ Mango Markets attacker Avraham Eisenberg convicted for commodities fraud & market manipulation, sentencing scheduled for July 29.

▫️ Ethereum generated $369M profit in Q1 (daily USD value of burned ETH minus issuance).

▫️ Uniswap Labs received Wells notice from SEC.

▫️ OKX launched its new L2 on the mainnet, aiming for 50M users on-chain.

▫️ Arbitrum BOLD (dispute resolution protocol) live on a dedicated testnet.

▫️ Scroll unveiled its loyalty program, Scroll Sessions.

▫️ PoolTogether v5 live on Optimism, ETH prizes automatically sent, no parameter governance & no admin controls.

▫️ Kraken unveiled its own crypto wallet.

▫️ Tether unveiled reorganization plans.

▫️ Magic Eden launches platform for Bitcoin Runes.

▫️ Ankr launches AI-focused Layer 1 blockchain Neura on public testnet.

▫️ Ondo Finance unveiled its Noble integration, bringing tokenized treasuries to the Cosmos ecosystem.

▫️ Multis Team is collaborating with Safe to build cross-chain smart wallet infrastructure.

▫️ 71.8 ETH donated to Roman Storm & Alex Pertsev legal defense fund after coordinated jury vote for Crypto: The Game Season 2.

▫️ Parcl, a Solana-based betting platform, lost 40% of its TVL after its airdrop.

▫️ Puffer Finance, an Ethereum liquid restaking protocol, raised $18M in Series A funding.

▫️ Centrifuge secured a $15M investment, hoping to create institutional RWA lending.

▫️ Shiba Inu raises $12 million in token round for its new blockchain.

▫️ Homium, a project hoping to tokenize home equity loans, closed a $10M funding round.

▫️ Blast DEX Thruster raised $7.5M in seed funding, holding a $70M valuation.

▫️ CVEX secured $7M in funding ahead of its mainnet launch.

▫️ Usual Labs raised $7M in funding, with the round co-led by Kraken Ventures and IOSG Ventures.

▫️ Only1 has raised $5 million to build an OnlyFans clone on Solana.

▫️ Nebra announced its $4.5M seed funding round, with the round co-led by Nascent and Bankless.

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