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Today: The Latest Crypto Off-Ramp 💳☁️🍴

Author

Valko
September 12, 2023

Today’s Top Stories ⌐◪-◪

  • 💳 PayPal launches crypto to USD off-ramps, live on MetaMask.

  • ☁️ Coinbase Cloud integrates Kiln to provide partial ETH staking

  • 🍴 Hundreds of NounsDAO holders have escrowed their Noun in fork

PayPal Launches Crypto to USD Off-Ramps

The new “Off Ramp” service is live on MetaMask today for U.S. users and is available to wallets, dApps, and NFT marketplaces.

⌐◪-◪ → This move legitimizes crypto in a big way, as PayPal is staking a good chunk of its reputation here. Meanwhile, stablecoins are quietly taking over with no regulatory pushback. Bullish.

Coinbase Cloud integrates Kiln platform for native ETH staking below 32 ETH

In the coming weeks, Coinbase's Wallet will be the first to implement this staking solution with the goal of making ETH staking more accessible.

⌐◪-◪ → Conventionally, native ETH staking requires a minimum of 32 ETH ($51k) to establish a single network validator, which is cost prohibitive. This integration removes that barrier, letting Coinbase Wallet users stake any amount of ETH by pooling together with peers. This is the beauty of DeFi.

Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split

A unique surprise is unfolding in the world of NounsDAO. Hundreds of holders are calling for a refund, leading to a potential treasury split.

⌐◪-◪ → Hundreds of DAO members are opting to leave and create a new “better” DAO. It’s unclear how many are doing this to simply cash out, and take their portion of the treasury (35 ETH), versus actually setup an new and improved DAO - with a more conservatively managed treasury. My gut says most are being greedy or risk averse. Track the fork → here.

Peripheral Vision ⌐◪-◪

Crypto & DeFi

  • Ex PayPal pres. says they want BTC to be a global payment network

  • Vitalik Buterin confirms his Twitter hack was due to a SIM swap

  • Zk rollups are coming to Bitcoin on Chainway

  • Friend Tech hits record $20M TVL, averaging $500k/day in revenue

  • Bitget unveils $100M to invest in exchanges, data analytics, and media

  • Lukso Blockchain is launching its Universal Profiles beta

  • Hyped Telegram bot, Banana Gun, dumps treasury after token bug

  • Crypto custody firm Qredo integrates Circle’s USDC

  • Offchain labs & Espresso Systems partner to on tx ordering to rollups

Legal & Regulatory

  • US Congressman Warren Davidson says we need to fire Gary Gensler

  • Bankrupt FTX has $7B in assets and 38 properties in the Bahamas

  • ZachXBT giving back unused portion of $1M legal support crowdfund

  • GOP Whip says digital assets are the solution to counter AI

  • Binance says SEC has no evidence of misuse or diversion of funds

  • Bitfinex and Tether CTO to testify in market manipulation lawsuit

  • UK-scammers busted in Thailand for stealing $76M

  • Former Celsius boss seeks to have FTC case against him dropped

Rest of the World

  • Emir of Qatar to meet with President Bukele in El Salvador to talk BTC

  • Binance donates $3M BNB to Morocco following deadly earthquake

  • Hong Kong-Israel CBDC project on security, privacy, and accessibility

NFT

  • Bitboy Crypto is now operating as Discover Crypto

  • Milady developer steals $1M from the treasury

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