Episode Details

11th April: Crypto & Coffee at 8
🔴Breaking SEC 🆚 Uniswap 👀 FDUSD stablecoin 🚀65 Million Ordinals 5 Million 🚨Salvadorans Linked to Chivo Wallet El Salvador’s compromised❗ First Tokenized Debt in El Salvador

🔴 Uniswap received a notice from the SEC about potential enforcement action regarding allegations of acting as an unregistered securities broker and exchange. Uniswap Labs CEO Hayden Adams expressed readiness to fight, emphasizing confidence in their legality and frustration with the SEC’s focus. The company denies its tokens are securities and criticizes the SEC’s approach. Uniswap argues U.S. Securities and Exchange Commission lacks congressional authority to regulate crypto markets, pointing to stalled regulatory efforts. The situation reflects broader regulatory uncertainty in the crypto industry. https://lnkd.in/dAsATPdv

💯 First Digital is expanding the usage of its stablecoin FDUSD among DeFi users. FDUSD has become the fourth-largest stablecoin with a market capitalization of $3.3 billion. The token has gained popularity due to Binance’s trading promotion and has seen a trading volume of over $10 billion in the past 24 hours, primarily from BTC, ETH, and USDT trading pairs on Binance. More info via CoinDesk here https://lnkd.in/dKJb-Yqj

📊 The Bitcoin network is experiencing a surge in “Ordinals inscriptions,” similar to NFTs, where digital content is inscribed onto individual satoshis, the smallest unit of Bitcoin. This trend has led to over 65 million inscriptions, generating over $458 million in network fees. This development coincides with the approaching halving event, reducing block rewards. Additionally, there’s a growing interest in incorporating Ordinals into Bitcoin decentralized finance (BTCFi), potentially leveraging layer 2 solutions to enable services like lending and derivatives markets. Info via Dune-Data 

👀 A database with the personal information of over 5 million Salvadorans was recently leaked in a data breach forum. The database, which has been around since August and has recently been linked to Chivo, El Salvador’s national cryptocurrency wallet, has 144GB of data, including the full name, unique identity number, date of birth, address, and an HD pic of every user. Info via Bitcoin here https://lnkd.in/dnezdX4K 

🔴 Bitfinex Securities and Inversiones Laguardia S.A. de C.V. have launched El Salvador’s first tokenized debt offering, aiming to raise $6.25 million through the HILSV token on the Liquid Network. This initiative supports the construction of a Hampton by Hilton hotel complex at the international airport, reflecting El Salvador’s evolving digital asset landscape since adopting bitcoin as legal tender in 2021. Info via the blog here https://lnkd.in/dRgQFUjK 

⚡ Two UAE news
⚡ Dubai crypto watchdog aims to ease burdens for small entities- Paris Blockchain Week
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