David Blumenfeld

@serdave-eth

99 Following

339 Followers

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David Blumenfeld

Crypto Daily 5/20. Here's your story of the day: Reports surfaced that Circle has engaged in informal talks to sell itself to either Coinbase or Ripple for at least $5 billion. Circle filed with the SEC last month to go public. Source: https://finance.yahoo.com/news/circle-pursues-ipo-talks-coinbase-164710952.html

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David Blumenfeld

Crypto Daily 5/19. Here's your story of the day: The Senate's GENIUS Act, which would establish a legal framework for issuing stablecoins in the United States, passed a crucial procedural vote Monday with support from previously opposing Democrats. The bill will now advance to a full Senate floor vote that could happen as early as tomorrow, and if passed, will need to clear the House before reaching President Trump's desk for final approval. Source: https://decrypt.co/320944/senate-stablecoin-bill-passes-key-vote-genius-act

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David Blumenfeld

Crypto Daily 5/9. Here's your story of the day: Jeffy Yu, co-founder of AI memecoin project Zerebro, was found alive just days after his reported suicide and subsequent release of a memecoin released by a supposed dead man's switch. Source: https://www.theblock.co/post/353821/zerebro-jeffy-yu-allegedly-found-alive-at-parents-house-after-apparent-staged-death-sparked-100-million-memecoin-surge

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David Blumenfeld

Crypto Daily 5/8. Here's your story of the day: The GENIUS Act failed a key Senate vote due to a lack of support from Democrat senators. The bill would be the first in the US to provide a regulatory framework for stablecoins. Republicans and Democrats are expected to continue negotiating on the bill. Source: https://www.axios.com/2025/05/08/senate-vote-stablecoint-crypto-genius-act

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David Blumenfeld

Crypto Daily 5/7. Here's your story of the day: Ethereum's Pectra Upgrade went live today, the largest upgrade to the network since the merge in 2022. The upgrade includes increasing the staking limit 32ETH to 2048ETH and adding smart contract functionality to externally owned accounts (EOAs). Source: https://www.coindesk.com/tech/2025/05/07/ethereum-activates-pectra-upgrade-raising-max-stake-to-2048-eth

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David Blumenfeld

Crypto Daily 5/6. Here's your story of the day: House Democrats walked out of a digital assets hearing to protest President Trump's crypto ventures, threatening to derail bipartisan support for pending legislation unless language is added preventing the president from profiting from the sector while in office. Source: https://decrypt.co/318115/house-democrats-walk-out-digital-assets-hearing-trump-crypto

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David Blumenfeld

Crypto Daily 5/4. Here's your story of the day: 9 Democratic senators said they would vote against the stablecoin bill readying for a vote in the Senate in it's current form, including 4 that voted for the legislation when it was in the Senate banking committee. Source: https://www.politico.com/news/2025/05/04/how-senate-crypto-negotiations-fell-apart-00326129

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David Blumenfeld

Crypto Daily 4/28. Here's your story of the day: The Ethereum Foundation has formalized its new leadership structure with Co-Executive Directors Hsiao-Wei Wang and Tomasz K. Stańczak (the latter from blockchain infrastructure firm Nethermind), replacing former lead Aya Miyaguchi who is now serving as president. Source: https://www.theblock.co/post/352217/vitalik-new-ethereum-foundation-executive-directors-updated-board-cypherpunk

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David Blumenfeld

Crypto Daily 4/26. Here's your story of the day: Spot bitcoin ETFs recorded over $3 billion in weekly inflows, a 5-month high and second-highest ever. Ethereum ETFs broke their 8-week negative streak with $157 million in inflows. Source: https://www.theblock.co/post/352071/us-spot-bitcoin-etfs-log-3-billion-in-weekly-inflows-a-5-month-high-following-btc-price-spike

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David Blumenfeld

Crypto Daily 4/24. Here's your story of the day: The US Federal Reserve rescinded guidance it gave in 2022 and 2023 to US banks advising them to not engage in crypto-related activities. Source: https://cointelegraph.com/news/federal-reserve-withdraws-crypto-guidance-for-banks

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David Blumenfeld

Crypto Weekly 4/23. Here's your story of the day: -Coinbase is trying to stall stablecoin bills set for a vote in congress in favor of pushing a market structure bill to a vote out of fears that passing two crypto bills in a single session of congress is too ambitious. Source: https://decrypt.co/315996/crypto-company-coinbase-stop-pro-crypto-bill-passing

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David Blumenfeld

Crypto Daily 4/22. Here's your story of the day: -Cantor Fitzgerald, Tether and Softbank are in discussions to form a $3 billion SPAC focused on crypto investing. The SPAC is expected to make equity and liquid token investments. Source: https://www.bloomberg.com/news/articles/2025-04-23/cantor-in-talks-on-3-billion-crypto-spac-with-tether-xdt-softbank

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David Blumenfeld

Crypto Daily 4/21. Here's your story of the day: -Vitalik Buterin posted a proposal to replace Ethereum's EVM with RISC-V as the network's virtual machine language. Source: https://ethereum-magicians.org/t/long-term-l1-execution-layer-proposal-replace-the-evm-with-risc-v/23617

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David Blumenfeld

i like the idea of coining content use crypto to incentivize good content and memes is a great use case is that controversial or is it just that the base marketing is cringe

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David Blumenfeld

Crypto Daily 4/17. Here's your story of the day: - Eigenlayer, the Ethereum restaking protocol, launched it's "slashing" feature today which penalizes bad actors and complete's the protocol's initial roadmap. Source: https://www.coindesk.com/tech/2025/04/17/eigenlayer-adds-key-slashing-feature-completing-original-vision

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David Blumenfeld

Crypto Daily 4/14. Here's your story of the day: - The SEC has postponed its decision on whether to allow Grayscale's Ethereum ETFs to engage in staking until June 1. Source: https://decrypt.co/314743/sec-postpones-decision-on-staking-for-grayscale-ethereum-etfs.

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David Blumenfeld

Crypto Daily 4/13. Here's your stories of the day: - The Mantra token (OM) crashed over 90% in a single hour, plummeting from $6 billion to $400 million market cap, with the team denying any wrongdoing. Source: https://decrypt.co/314662/mantra-token-crashes-90-in-one-hour-team-blames-reckless-liquidations - An NFT trader pleaded guilty to tax evasion after failing to report $13 million in profits from selling 97 CryptoPunk NFTs in 2021-2022, facing prison time in what appears to be the first major U.S. tax evasion case involving NFT sales. Source: https://www.theblock.co/post/350662/cryptopunk-whale-pleads-guilty-to-hiding-13m-profits-from-irs-faces-up-to-6-year-sentence

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David Blumenfeld

Crypto Daily 4/11. Here's your story of the day: -According to the Wall Street Journal, Binance founder Changpeng Zhao gave evidence against TRON founder Justin Sun as part of his plea deal with the US DOJ last year. Source: https://www.wsj.com/finance/regulation/binance-world-liberty-financial-crypto-deals-70c817c3.

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David Blumenfeld

Crypto Daily 4/10. Here's your stories of the day: -The US Senate confirmed Paul Atkins as the new SEC chair in a 52-44 vote. Atkins was an SEC commissioner under the Bush administration and held a number of advisory roles for digital-asset organizations in his post-SEC career. Source: https://www.bloomberg.com/news/articles/2025-04-09/wall-street-consultant-paul-atkins-confirmed-to-lead-trump-s-sec -President Trump signed legislation blocking an IRS rule that would have required Dex's and wallet providers to report transaction information to tax authorities. Source: https://www.bloomberg.com/news/articles/2025-04-11/trump-signs-bill-blocking-irs-crypto-tax-rule-biden-pushed

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David Blumenfeld

Crypto Daily 4/7. Here's your story of the day: -Galaxy Digital gained SEC approval to list on the NASAQ, with trading expect to open shortly after a special shareholder meeting to approve the listing on May 9. The firm recently settled with the state of New York for $200 million over it's promotion of TerraUSD/Luna in 2021/22. Source: https://www.bloomberg.com/news/articles/2025-04-07/novogratz-s-crypto-conglomerate-galaxy-digital-to-list-on-nasdaq?srnd=phx-crypto

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