The dramatic hacker 🎭 criminal Trump 🦹♂️
Euler’s $200M hacker returns all recoverable funds. UK can't decide on crypto. Happy Birthday Satoshi Nakamoto. NFT trading volume clocks close to $2B. Trump Criminal Digital Cards are off the hook.
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Cash App founder Bob Lee stabbed to death in San Francisco
Euler Finance got hit with a major hack that resulted in almost $200 Million worth of digital assets getting swiped. They all started hating the hacker.
But then this happened:
He actually KEPT HIS PROMISE.
Day by day, he returned the stolen funds, reverse Santa Claus!
We bring you the timeline:
March 13: The hack happened $197 Million gone.
On March 15: Euler gave the hacker an ultimatum to return 90% of the stolen funds.
March 21: Euler offers a $1 Million bounty.
March 18: 3,000 ETH ($5.4 Million) returned.
March 25: 51,000 ETH & 7,737 ETH ($88 Million + $13 Million) returned.
March 28: The apology tweet.
April 5: Hacker returns the rest of the money - 10,580 ETH ($19 Million) and $12 Million in DAI.
There's hope for humanity, after all.
Why not sponsor us, eh?
UK can't make up their mind up
Rishi Sunak, the Chancellor turned PM of the UK, loves crypto 💜
Unfortunately, his vision of creating a crypto hub in the UK is facing some serious obstacles.
Major banking giants in the UK, including HSBC and NatWest, are putting up roadblocks.
Imposed restrictions on transfers to crypto exchanges.
Limited customers to spending just £1,000 a day.
Banned credit card purchases.
Startups like SavingsBlocks, CoinPass, and Binance have been requesting accounts from banking service providers, but they are being denied!
In fact, SavingsBlocks requested accounts from nine banking service providers, and seven of them outright denied the request!
The remaining two get paperwork, much worse!
Didn't go well with UK crypto startups - local venture capital investment flows down by 94% to just $55 million in Q1 of this year. But, funding across the rest of Europe rose by roughly 31%.
Circle VP Baker-Taylor summed it perfectly: "One thing I think that is pretty clear is the UK banks are now actively unbanking people, not just companies."
The NFT plan:
When Sunak was just a Chancellor, he had asked the Royal mint to launch an NFT, but that just got dropped too.
According to Tulip Siddiq, the shadow City minister, the taxpayers' money is "on an NFT vanity project and promoting dodgy stablecoins." Ouch!
TTD Fun fact 👻
How Can Satoshi Nakamoto Have a Birthday?
January 3, 2009 - Bitcoin network came to life through the genesis block.
April 5, 1975 - birthday of Satoshi Nakamoto, the pseudonymous founder.
Many analysts reckon there is history behind this made up history. It corresponds with an important monetary event in history.
On April 5, 1933 the US government outlawed individual gold storage in order to prop up the demand for US dollar, and reduce demand for gold.
Enactment was done under Executive Order 6102. 1975 is the same year when the Executive order was reversed and gold possession was made legal again.
TTD Number picker 🔢
Total NFT trading volume in March 2023, down about 4% from the February total of $2.04 Billion.
Market-wide data from DappRadar and on-chain data from Dune.
Majority of that trading volume came from Blur. Nearly $1.35 Billion worth of Ethereum NFT trades, up slightly from about $1.32 Billion in February.
OpenSea, still the leading in terms of total unique wallets, logged about $424 Million trading volume in March, down from $587 Million in February.
Ethereum NFT trading was nearly even in March—from $1.81 Billion in February to $1.82 Billion.
In the news - OpenSea throws a Gem at Blur
OpenSea launches a new "Pro" version of its platform that offers no transaction fees and NFT rewards for users.
Aimed at high-volume traders and collectors, it will offer bulk listing and editing tools, advanced analytics, and priority customer support.
Users will also earn OpenSea's native token, $SEAL, which can be used for discounts on transaction fees and other benefits.
The launch of the Pro marketplace, the rebranded Gem V2 aggregator is OpenSea’s latest effort to combat rival NFT marketplace Blur.
TTD WTF ⚠️
Trump Criminal Digital Cards are off the hook.
A knockoff of Trump’s NFT collection, the collection depicts Trump in various jail cells and wearing different types of prison garb.
Launched around two weeks ago, at a time when speculation mounted that Trump could soon be indicted.
The collection’s total supply is limited to 945 different NFTs, the estimated market cap of on Nansen is 12 ETH or less than $23,000.
Meanwhile, Trump’s official NFT collection has a total market capitalisation of $42 million, according to NFT Price Floor.
Meanwhile, what is the man facing 34 felony charges busy with 👇
TTD Scammer 💀
That's the percentage increase in the number of cryptocurrency hacks and scams according to a report by cybersecurity firm Immunefi that analysed data from January to April 2021.
Total value of funds lost due to hacks and scams was $432 Million.
Decentralised finance (DeFi) platforms accounted for 47% of all attacks.
Recommends using hardware wallets and avoiding unverified projects.
In the news
Blockchain analysis firm Chainalysis and cybersecurity company Halborn have partnered to combat cryptocurrency fraud. As the number of cryptocurrency-related scams and hacks continues to rise, the partnership aims to identify and prevent fraudulent activity on cryptocurrency networks.
TTD Surfer 🏄
Swiss Government-owned bank PostFinance will begin offering its 2.5 million customers access to buy, store and sell Bitcoin and Ether.
Latin America’s biggest investment bank, Brazil-based BTG Pactual launches BTG Dol stablecoin, a dollar-backed asset on Polygon.
Tron launches Dominica metaverse bound token with Huobi, the digital identity system authorised by the government.
Peer-to-peer Bitcoin marketplace Paxful has announced that it will shut down, a lawsuit filed by a co-founder is a key reason behind the closure.
Polkadot registers trademark for blockchain communication platform, the trademark filing mentions social networking software.
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The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.