Advertisement

Loading...

🇺🇸 RFK Plans To Address U.S. Deficit With Bitcoin

Together with

the-defiant

GM Defiers!

U.S. presidential candidate Robert F Kennedy Jr. wants to incorporate Bitcoin into the deficit management strategy of the United States. RFK also pledged to foster the U.S. blockchain industry with permissive regulation.

SEC Commissioner Hester Peirce has proposed establishing a regulatory sandbox for U.S.-based fintech and digital asset firms. In other regulatory news, the U.S. Treasury sounded the alarm on the money laundering and fraud risks associated with NFTs.

Matter Labs, the development team behind ZkSync, has become the center of controversy after filing trademarks for the term “ZK.” While Matter Labs says it wants the phrase in the public domain, rival projects are not convinced.

Plus, Telegram’s wallet unveils strict KYC requirements, Ethena launches on Blast, and markets consolidate ahead of U.S. inflation data.

✍️ In today’s newsletter:

  • RFK doubles down on pro-Bitcoin stance
  • SEC Commissioner wants a regulatory sandbox
  • U.S. Treasury says illicit actors are using NFTs
  • Matter Labs cops flak for ZK trademark
  • Telegram Wallet imposes KYC
  • Ethena expands onto Blast
  • Markets pause as inflation data looms

🙏Sponsored

📈 Markets in the last 24 hrs:

TickerValue24h
Bitcoin$69,122-1.52 %
Ethereum$3,742 -1.32 %
Gold 1st Future$2,389 -1.34 %
S&P 5005307.01 -0.27 %
Arch Web32.36 -2.69 %
Learn more about Arch Indices ,[object Object]%

🎬WATCH

Check out our conversation with Sergey Nazarov, the co-founder of Chainlink, to get up to speed on the latest news regarding the leading oracle network. Plus, watch our interview with Robert Viglione, co-founder of Horizen Labs, to discover how the project is driving down the costs associated with zero-knowledge proofs.

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

the-defiant

Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility.

the-defiant

Win from $12,000,000 in NEXO Tokens! Get rewards when you buy crypto, swap, top up, and more. Download the Nexo app, collect points, and win big!

the-defiant

Marginly is a protocol that enables leveraged trading of tokenized future yield on Ethereum and Arbitrum blockchains. The strategies offer attractive organic yields to both traders and liquidity providers. No native token, isolated markets, double audited by Quantstamp.

💵Presidential Candidate RFK Says Bitcoin Can Help Solve The U.S. Debt Crisis

the-defiant

Robert F Kennedy Jr. is seeking to position himself as the pro-crypto presidential candidate, telling the audience at Consensus 2024 that Bitcoin will comprise a fundamental component of his deficit management strategy. Kennedy also pledged to support the U.S. blockchain industry and revealed personal BTC holdings worth more than $1.42 million.

🌱SEC Commissioner Proposes Cross-border Sandbox for U.S. and U.K. Crypto Industries

Hester Peirce, an SEC Commissioner affectionately nicknamed "Crypto Mom,” is backing a proposal from U.K. financial authorities to create a joint regulatory sandbox with the U.S. The sandbox would provide greater regulatory flexibility for participating digital asset and fintech firms.

🕵🏻‍♀️U.S. Treasury Warns That NFTs Are Vulnerable To Fraud and Money Laundering

The U.S. Treasury Department published its first report examining the threats associated with non-fungible tokens. The report warns that NFTs are vulnerable to fraud, scams, and money laundering, adding that many NFT platforms fail to maintain effective compliance regimes

💥Matter Labs In Hot Water Over ‘ZK’ Trademark Bid

The web3 community is taking shots at Matter Labs after the team sought to trademarkZK,” the well-known acronym for zero-knowledge technology. While Matter Labs said it wants ZK to exist in the public domain, rival projects are condemning the move as an underhanded IP grab.

SPONSORED POST

the-defiant

CoinGecko API is the world’s most comprehensive and reliable cryptocurrency data API provider, supplying aggregated price, market data, metadata, exchange data, historical data, community statistics, and recently, on-chain data.

Access extensive data for 2.7M+ tokens (including those not listed on CoinGecko) and 3.2M+ liquidity pools, across 1,100+ networks and 150+ DEXes. From on-chain token and liquidity pool data to trending pools, pool trades and OHLCV charting data, CoinGecko API provides unparalleled depth and coverage for analysts, developers, and DeFi projects.

Simplify your integration process and supercharge your project with one unified crypto data API that provides complete coverage. Take 15% off with code ‘DEFIANT’ applied at www.coingecko.com/API. Valid on all self-serve plans, for new users only.

READ MORE: ICYMI, Access On-Chain DEX Data From CoinGecko API

🪪Telegram Wallet Introduces Stricter KYC Rules

Wallet, a custodial wallet for Telegram users, is imposing KYC rules on its users from June 3. However, users will still be able to withdraw their assets, allowing users to opt-out of the service rather than provide identifying information.

💲Ethena Brings Synthetic Dollar to Blast Layer 2

Ethena Labs has launched its controversial synthetic dollar on the Ethereum Layer 2 network, Blast. At least half a dozen Blast-based DeFi protocols have already pledged to integrate support for the stablecoin.

🎈Crypto Markets Trade Sideways Ahead of U.S. Inflation Report

Digital assets are trending sideways and investors anxiously await the latest U.S. inflation data. Expectations that the Federal Reserve would quickly ease interest rates in 2024 have tempered as high inflation has persisted.

🌍 ELSEWHERE

  • Tether Acquires $100 Million Stake in US-Listed Bitcoin Miner Bitdeer (Bloomberg)
  • Crypto Bettors Lay 17% Odds on Donald Trump in Jail Before Election Day (CoinDesk)
  • Pudgy Penguins to release mobile game in 2025 (The Block)
  • Elixir Capital Submits Governance Proposal to Establish $50 Million Arbitrum Startup Collective (Unchained)

🔥 TRENDING

The Defiant Alpha
“an industry must-read
new-york

Get even more! For actionable insights and community access, Join The Defiant Alpha to receive:

  • The Defiant Daily | Mon to Fri
  • Weekly Recap | Saturdays
  • DeFi Alpha | Sundays
  • Access to exclusive degen chats and events

Become a Member