David Blumenfeld

@serdave-eth

98 Following

348 Followers

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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 Here's your story of the day: The US Federal Reserve rescinded guidance it gave in 2022 and 2023 to US banks advising them to not engage in crypto-related activities.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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David Blumenfeld

Crypto Daily 4/6. Here's your story of the day: -Over $900 million of cryptocurrency liquidations occurred on Sunday after US stock futures opened -4%. BTC and ETH dropped as low as $77,000 and $1,550 respectively. source: https://decrypt.co/313572/market-panic-black-monday-crypto-liquidations

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David Blumenfeld

Crypto Daily 4/5. Sorry for no crypto daily yesterday. I fell asleep on the couch watching Remember The Titans with @maaria (incredible movie if you haven't watched). Heres your stories of the day: -The SEC announced that stablecoins backed by stable currencies, commodities, or high-quality liquid assets are not securities requiring registration. Source: https://www.bloomberg.com/news/articles/2025-04-04/sec-says-stablecoins-aren-t-securities-that-require-registration -Stablecoin firm Circle is considering delaying its IPO due to economic uncertainty caused by President Trump's new trade tariffs. Source: https://cointelegraph.com/news/stablecoin-circle-may-pause-ipo-plans -Tether CEO Paolo Ardoino revealed the company is considering launching a new US-compliant stablecoin rather than adapting USDT to meet pending American regulations. Source: https://decrypt.co/313442/tether-usdt-us-laws-needs-new-stablecoin-ceo

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David Blumenfeld

At the stage of the cycle where Fidelity is emailing me their condolences

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David Blumenfeld

Crypto Daily 4/3. Here's your story of the day: -Ethereum's Pectra upgrade is scheduled for May 7. The upgrade includes native account abstraction, increasing ETH staking limit from 32 to 2048 ETH and increasing the maximum blob count/block. Source: https://decrypt.co/313188/ethereum-pectra-upgrade-set-may

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David Blumenfeld

Crypto Daily 4/2. Here's your story of the day: -Overall crypto market cap dropped over 3% after President Donald Trump announced tariffs on US trading partners worldwide, with BTC and ETH going as low as $82k and $1.8k respectively. Gold reached a new all time high of $3,160/oz, with bullion being one of the few commodities exempt from the tariffs. Source: https://www.bloomberg.com/news/articles/2025-04-02/bitcoin-settles-in-narrow-range-after-trump-sets-trade-tariffs?srnd=phx-crypto

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David Blumenfeld

Crypto Daily 4/1. Here's your stories of the day: -Circle, the issuer of USDC, filed it's S-1 with the SEC to go public, aiming for a $5b valuation. Circle previously tried doing an IPO via SPAC in 2022 but the deal collapsed under regulatory challenges. Source: https://www.cnbc.com/2025/04/01/usdc-issuer-circle-files-for-ipo-as-public-markets-open-to-crypto.html -The SEC is seeking a 60 day pause in its lawsuit against Gemini for the two sides to explore a resolution. The lawsuit alleged Gemini's earn program, a lending program that went insolvent during the collapse of FTX, was an unregistered securities offering. Source: https://www.bloomberg.com/news/articles/2025-04-01/sec-and-winklevoss-gemini-trust-to-explore-lawsuit-resolution?srnd=phx-crypto

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