💔MakerDAO's Plan To Fork Solana Ignites Tensions With Ethereum Community

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Ethereum's chief scientist, Vitalik Buterin, offloaded his entire MKR holdings after MakerDAO founder Rune Christensen suggested forking the Solana codebase for its appchain. While Maker said the potential move won't happen for at least another three years, Ethereum supporters remain unhappy to learn the network's top decentralized stablecoin could be leaving.

The popular crypto casino, Stake, resumed operations hours after losing $41M to a hot wallet exploit. Analysts flagged similarities between the incident and recent exploits believed to have been perpetrated by North Korean state-backed hackers.

SOL rallied 5% after Visa announced a pilot program allowing merchants to receive payments in USDC on Solana. The move follows Visa launching payments via Starknet, an Ethereum Layer 2, last year.

The SEC's case against NFT project Impact Theory ended in a $6.1M settlement, leaving the Web3 space pondering its broader implications.

Finally, Kevin Owocki, the founder of Gitcoin, wants to return to the project after passing executive responsibilities over to a DAO in 2022. The news comes as Gitcoin is facing criticism for partnering with Shell and introducing a "diversity mandate" in May.

✍️ In today’s newsletter:

• Vitalik dumps MKR after Rune floats plan to fork Solana
• Top crypto casino Stake undeterred by $40M exploit
• Visa eyes Solana for merchant stablecoin payments
• SEC lawsuit against Impact Theory ends in $6M settlement
• Kevin Owocki plans return to Gitcoin

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