🦎🚀 Bored Robots 🤖

By rahmat hidayat

Thursday, March 16, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Destination: Shanghai Ethereum's Shanghai upgrade wrapped up its final round in the build-up to its anticipated April launch. The network's core developers assured that the Goerli testnet launch was a successful run with minimal issues which were resolved promptly. The upgrade would bring the industry a step closer to staked ETH withdrawals, with the mainnet launch seems to be on schedule. In today's news, SEC chairman reiterates his stand, Euler finance issues warning to hackers on-chain and Yuga Labs launches new collection. Read on! Stablecoins' supply shaken up by SVB collapse

Stablecoin issuer Circle got caught in last week's Silicon Valley Bank collapse. The market selloff over the weekend saw Circle's USDC supply falling by 3.9 billion or 9%, as holders turned to alternatives including TUSD (+57%) and DAI (+27%). Some holders appeared to have left stablecoins entirely, as total stablecoin supply still fell by a net 0.9 billion over the week. Read more: https://gcko.io/ykr92iw  24h Hot Searches Worldwide  Wasder                             (+0.2%) Magic                                (+7.8%) Bone ShibaSwap            (-17.4%) Velodrome Finance       (+16.9%) Vela Token                       (+1.8%) Gains Network                (+6.8%) Access Protocol               (-6.6%) Why is ETH referred to as "ultrasound money", and what is the meaning behind this meme?  Let's find out in this 3-min animated video!   Tap here to watch! Securities, Commodities, Securities Again? U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement to double down on his opinion that proof-of-stake (PoS) tokens are to be classified as securities. The chairman affirmed his stance by stating that PoS tokens meet the securities definition based on the Howey Test, which would bring them under his agency's jurisdiction. The statement comes after a pushback from his fellow regulator Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), who argued that tokens are to be considered commodities. CoinDesk Warning Served, On-Chain DeFi platform Euler Finance issued a warning to its hackers on-chain after being exploited for nearly $200 million. The non-custodial protocol's statement declared that if 90% of the stolen funds were not returned in 24 hours, a $1 million reward on information surrounding the hackers will be launched. The hackers utilized a flash loan exploit to steal $8.7 million in the stablecoin DAI, $18.5 million in Wrapped Bitcoin (WBTC), $135.8 million in Staked Ethereum (stETH), and another $33.8 million in Circle's USD stablecoin USDC. Decrypt Robots Are Coming! Prolific NFT creator Yuga Labs opened the minting of its newest collection, HV-MTL, where Sewer Pass NFTs can be burnt in exchange for robots, or Mechs. HV-MTL (Heavy Metal) is a collection of 30,000 "Evo 1" Mechs that Sewer Pass NFTs release from a "Power Source" when burned and that will grant access to future games and content. The launch of the new collections marks the beginning of the next stage of its Dookey Dash racing game. Decrypt Looking for alternatives to MetaMask? Today we look at 8 other wallets, including SafePal, which offers a comprehensive crypto wallet suite across hardware and software wallet solutions, as well as a browser extension. Read more at https://gcko.io/arj8vp1 With Ethereum's Shanghai upgrade, stakers will soon be able to withdraw their staked assets and earned rewards. We look at the potential impact of the Shanghai upgrade and what's next on the Ethereum roadmap. Find out how to prepare for the Shanghai upgrade here! Get notifications on the latest crypto content from CoinGecko on Lumi News! Lumi News carries over 60 news sites in one app, and you can customize your news feed by choosing topics that interest you.

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