💸LIBRA Promoter Reveals Tactics to 'Max Extract'
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LIBRA promoted Hayden Davis maintains that the token is not a scam, despite revealing increasingly incriminating information.
Meanwhile, Ethereum gas fees hit a 6-month low as mainnet activity slumps, Aptos outperforms, and crypto players band together to fight the IRS broker rule.
✍️ In today’s newsletter:
- Kelsier Ventures’ Hayden Davis defends LIBRA memecoin
- Ethereum transaction fees hit 6-month low
- Aptos rallies as ‘reply guy’ boosts mindshare
- Crypto heavyweights call for repeal of ‘DeFi-killing’ broker rule
- Sanctioned nations are using crypto to flout regulations: Chainalysis
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💸Davis Reveals Tactics to "Max Extract" from Memecoins Like LIBRA and MELANIA
Kelsier Ventures and its project lead, Hayden Davis, are presumed to be behind extractive memecoins LIBRA, ENRON, and MELANIA. Davis provided insights into the inner workings of LIBRA and other launches in an interview with YouTube journalist CoffeeZilla.
📉Ethereum Gas Fees Fall to Lowest Since August
This week, the average Ethereum gas fee dropped to a six-month low, signaling declining activity on the Layer 1 chain. Ethereum’s average gas fees dropped to $0.41, a level not seen since August, according to on-chain analytics platform Santiment.
🚀Aptos Outperforms as ‘Reply Guy’ Boosts Mindshare
For the last few months, a pseudonymous X user with a bio that reads “Aptos GCR” has consistently replied to other users’ X posts with the phrase “Aptos looking good here.”
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🏛️Coinbase, a16z Join Blockchain Association In Calling For Repeal of “DeFi-Killing” IRS Broker Rule
In a letter to the leaders of both houses and both parties, the Blockchain Association argued that Congress should revoke the DeFi broker rule, which extends the definition of “broker” to include software that enables users to access DeFi protocols.
🦹Iran and Other Sanctioned Nations Are Using Crypto to Skirt Global Regulations: Chainalysis
Countries under United States sanctions heavily use crypto as a financial workaround for the restrictions that limit their access to the global banking system, according to a report from Chainalysis.
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🌍 ELSEWHERE
- Binance founder open to selling a minority stake in world’s largest crypto exchange (TheStreet)
- SEC Replaces Crypto Enforcement Team with Smaller ‘Cyber’ Unit (Bloomberg)
- Bitcoin Hashrate Growth Slows Amid Tough Market Conditions for Smaller Miners (CoinDesk)
🔥TRENDING
- Coinbase, a16z Join Blockchain Association In Calling For Repeal of “DeFi-Killing” IRS Broker Rule
- Solana Crashes as Argentina President Milei’s Libra Rugpull Hits Credibility
- Argentine President Milei Remorseless After Promoting LIBRA Scam
- Bitcoin Sinks Under $94,000 as ETPs Record First Outflows in 19 Weeks
- How Incompetence and Greed Led Argentina’s Javier Milei to Become the Face of the $4.5B LIBRA Scam
- Pig Butchering Crypto Scams Rose By Nearly 33% in 2024: Chainalysis
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