1/22/24: Pastor Issues Token For God ✝️🐛

Top News

Specs’ Insights

⌐◪-◪ → The Colorado Securities Commissioner is suing a pastor and his wife for issuing a cryptocurrency backed by God.

Yes, you can't make this shit up.

The couple scammed online church-goers out of $3.2M, claiming they were directed by God's command.

Here's a video of the pastor defending himself. He even goes as far as to say the charges against him are valid, but that God himself told him that investors would become rich if they invested in INDXcoin.

I wonder if God also ordered him to spend his $1.3M of profits on designer handbags, snowmobiles, home renovations, and luxury vacations. Oh wait, he did.

⌐◪-◪ → 9% of Ethereum validators just went down, and nobody is talking about it. The root of the issue appears to be a bug with Nethermind, an Ethereum execution client.

Their latest release had some unknown issues that led to missing attestations and blocks. Based on the participation rates, we can estimate that about 10% of the network uses Nethermind for block production.

A fix for the issue has been released, so if you’re running a node, please update it.

This is definitely a wakeup call for the Ethereum community and will surely spark discussions about the network's reliability versus its competition.

⌐◪-◪ → The Ethereum NFT market has been soaring the last few days, breaking $200M in weekly volume for the first time in six months.

If you've been paying attention, you might have noticed the CryptoPunk floor sweeps, which pushed the floor price over 65 ETH (about $153k USD).

Most notably, a new wallet loaded with 5,000 ETH spent $2M buying mid-rarity CryptoPunks overnight.

Fun fact: the VR + Hoodie used to be mine.

Everything Else

⛓️ Crypto & DeFi

  • Saga expands airdrop rewards to Solana, Polygon, Avalanche

  • Ex-LedgerPrime employees launch hedge fund, Split Capital

  • Sophisticated coin scam operation stole $32M since April

  • Metamask introduces Ethereum validator staking feature

  • SEI wallet addresses grow 3000% in 3 months

  • Su Zhu says life in prison is an “enjoyable experience overall”

🏦 Wallstreet & VC

🏛️ Legal & Regulatory

  • SEC opens comment period for options trading on BlackRock’s ETF

  • FTX must be investigated by independent examiner

  • SEC vs Binance case delayed 1 week due to snow

  • Investment bankers under undisclosed investigation

  • Terraform Labs files for Chapter 11 bankruptcy in Delaware

  • Bloomberg gives Coinbase a 70% chance of winning SEC case

  • CTFC charges digital asset platform over 'pig butchering' scheme

  • Elizabeth Warren pushes for new crypto AML rules

🌎 Rest of the World

🖼️ NFTs & Metaverse

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