Episode Details

29th April: Crypto & Coffee at 8
👀Consensys sues SEC 🔥Changpeng Zhao in Prison? 💡NFTs minted on the Bitcoin blockchain 🔥Yuga Labs — a new round of layoffs

🟢Consensys Sues the U.S. Securities and Exchange Commission to Defend the U.S. Ethereum Community- Does it seem like a very centralized decision? Info here states why they are seeing the SEC https://lnkd.in/dVMy75_W T

❗The lawsuit against the SEC challenges its attempt to regulate global, peer-to-peer computer networks like Ethereum, arguing it oversteps its authority. The SEC’s insistence on controlling Ethereum undermines its decentralized nature and harms developers, market participants, and the U.S. economy. By redefining legal standards, the SEC aims to claim oversight over Ethereum, threatening technological advancement and stablecoin policies. If successful, this regulatory overreach could devastate the cryptocurrency industry, leading to job losses and economic damage.

CZ is not #SAFU
Changpeng Zhao, faces up to three years in prison for money laundering violations. Prosecutors seek a harsher sentence than guidelines recommend due to the severity of violations. Binance admitted to evading anti-money laundering rules and agreed to a $4.32 billion penalty. Prosecutors accuse Binance of facilitating transactions with terrorist groups and supporting illegal activities. Despite Zhao’s cooperation and fines, prosecutors emphasize the harm caused. Final sentencing is scheduled to take place on 30th April

📊NFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling NFT collections all stem from the Bitcoin blockchain. According to data from CryptoSlam Inc.io, Bitcoin-based NFTs have amassed $3.43 billion in total sales, positioning Bitcoin in fourth place behind Ethereum, Solana, and Ronin. Via Bitcoin.com https://lnkd.in/dt79pDtf

🔥 Bored Ape Yacht Club creator Yuga Labs is restructuring with an aim to get back to its smaller, scrappier early days.Yuga Labs, the creator of Bored Ape Yacht Club NFTs, is restructuring and implementing layoffs to return to its smaller, more agile roots. CEO Greg “Garga” Solano announced the decision, citing a need to refocus and prioritize excellence. The extent of the layoffs is undisclosed. Info via Twitter (x) here https://lnkd.in/d8_gbGcA

🔴 Decrypt article here