Bitcoin Surpasses $25,000

Bitcoin ++tops $25,000++. Is the bear market over? Why bitcoin politics should be approached at ++the local level++. Michael Saylor says bitcoin will ++demonetize gold++. There will be more dips in the market before we see it soar. Don’t count crypto out of the woods yet.

Ethereum on-chain activity reaches ++5-year low++. Meanwhile, proposed fork token loses ++half its value in six days++.

Binance ++holds more bitcoin++ than any other exchange.

OpenSea is now requiring victims of NFT theft to ++report it to the police++ before stolen NFTs are removed from the platform. Ehr?

Coinbase says Layer-2 solutions will ++cannabilize Ethereum’s revenue++. Read the ++full report++.

Solana NFT sales hit all-time high of ++$1.2 billion++. Despite its challenges, Solana is killing it. How long will this last?

Justin Sun, founder of Tron, has had his ++Aave wallet blocked++ because it received a small amount of ETH through a Tornado Cash account. One Leo Finance poster examined the wallet itself and found ++evidence of Sun’s wallet++ the recipient of a dusting attack. You don’t have to like Justin Sun to see the injustice here.

The collapse of TerraUSD ++could be a good thing++.

Robinhood has launched its ++crypto wallet for testing++ by 1,000 users.

How the top 10 market cap has ++changed over time++.

Should traditional banks ++embrace bitcoin++?

BlueBenx halts withdrawals after ++$32 million hack++. What DeFi offers ++beyond crypto lending++. Who needs FUD when we all know our crypto isn’t safe?

How the digital euro will impact the ++financial system in Europe++.

Should ++manipulating crypto mining markets++ be illegal? (A MUST-READ) This paper published by the Bank for International Settlements (BIS) highlights a type of attack that has been occurring on the Ethereum blockchain for at least a couple of years. It illustrates a weakness in proof-of-work (POW) blockchains. While Ethereum is moving away from POW, those who profit from this type of tinkering are hurting the blockchain and will move into proof-of-stake with an advantage. They could also be manipulating other POW blockchains—perhaps even Bitcoin.

How Tiffany ++made $15 million++ from CryptoPunk NFTs.

If you don’t think the metaverse is a big deal, ++you’re not looking at it right++. Who’s ++running the doggone metaverse++, anyway? Nvidia has unveiled ++new tools for the metaverse++, and you’re probably going to want them.

LongHash Ventures rolls out ++$100 million Web3 investment fund++.

Actor Jim Carrey is also an artist with ++his very own NFT++.

Celestia wants users to create a blockchain with a ++click of a button++.

EtherMail ++snags $3 million++ for Web3 email tool. Meanwhile, MailChimp has ++deactivated the account++ of news publication Decrypt.

Zimbabwe to ++launch a CBDC++.

Reminder: Learn how to ++use Publish0x to earn crypto++ while learning about crypto. Totally free microclass.

Snark and commentary in italics. Shoes on my feet.

Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto.

First published at Cryptocracy. Not to be construed as financial advice. Do your own research.

Image credits: Solana NFTs, AMBCrypto; miner extractable value, BIS; the rest are screenshots