The two founders of Samourai Wallet have been arrested and charged with conspiracy to commit money laundering. Samourai is being accused of facilitating more than $100 million in money laundering from illegal wallets and over $2 billion in unlawful transactions. The website has been seized and replaced with a government notice.
The Department of Justice says that Binance CEO CZ Zhao should spend three years in jail for money laundering charges. The sentence is harsher than the federal guideline of 18 months because of Zhao's willful violation of U.S. law. In November 2023, Zhao pleaded guilty to money laundering and sanctions violations, forcing Binance to pay $4.3 billion in penalties and barring Zhao from involvement with Binance for at least three years. The sentencing is scheduled for April 30th.
Paradigm has released its roadmap for scaling the Reth Ethereum execution client. The roadmap proposes changing the scalability metric from transactions per second to gas per second as a more nuanced way to understand the network's computational throughput. Paradigm plans to use vertical and horizontal scaling — accomplished via a parallel EVM, multi-rollup support, and cloud-native nodes, among other improvements — to achieve 1 gigagas/s, 200x faster than Base and 800x faster than mainnet.
Payment processing solution Square has announced a new feature that allows sellers to convert their sales into Bitcoin automatically. The conversion occurs using the subsidiary company Cash App, which can convert 1-10% of daily sales to BTC. Jack Dorsey, the founder of Square and Twitter, strongly supports Bitcoin.
Taking profit primarily depends on personal circumstances, such as outstanding debt and other opportunity costs of money. In a bull run, take profit on the way up, for example, sell 10% for every 20% price increase. A lot of mental fortitude is required to know when to buy and sell, so the easiest strategies pre-plan or automate decisions.
This thread examines the depeg of Renzo's liquid staking token (ezETH), the protocol's airdrop plan, and the misleading token allocation chart. The ezETH depeg was likely caused by a sell-off following the conclusion of the Season 1 Airdrop and misleading chart on token allocation, leading to liquidations on leverage protocols and losses for users.
This thread discusses the recent depeg of Renzo Protocol's liquid staking token, ezETH, noting that such events are becoming increasingly common in the crypto space. Its author highlights the importance of setting safe parameters and using safe leverage to protect funds, even if it means losing market share to riskier competitors, as survival is the key to long-term success in the industry.
Prime Intellect is launching a decentralized platform to enable researchers to build open-source AI models using distributed computing power. It plans to reward participants for contributing compute, code, and capital to enable a new wave of AI progress and make model training more transparent. Its first focus areas include open-source LLMs, autonomous coding agents, and scientific models for drug discovery.
This thread provides a comprehensive guide to investing in memecoins, emphasizing the importance of risk management, community, and having a well-defined plan.
Most L2s are closely aligned with the L1 by using the EVM. Fuel is taking the opposite approach to create a custom parallelized VM with a UTXO account model.