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🚀Crypto funds saw record $942M outflows last week, led by $2B exits from Grayscale Bitcoin Trust (GBTC)📉, breaking a 7-week inflow streak of $12.3B! 😲 #CoinShares report suggests recent #Bitcoin price correction led to investor hesitancy. But wait! 🤔 Altcoins had a better week, with $16M net inflows into #Polkadot, #Avalanche & #Litecoin. 🌟 Are you team #Altcoin or #Bitcoin? Share your thoughts in the comments! 💬 Let's discuss the future of crypto investments! 🌐

🚀Crypto funds saw record $942M outflows last week, led by $2B exits from Grayscale Bitcoin Trust (GBTC)📉, breaking a 7-week inflow streak of $12.3B! 😲 #CoinShares report suggests recent #Bitcoin price correction led to investor hesitancy.

But wait! 🤔 Altcoins had a better week, with $16M net inflows into #Polkadot, #Avalanche & #Litecoin. 🌟 Are you team #Altcoin or #Bitcoin? Share your thoughts in the comments! 💬 Let's discuss the future of crypto investments! 🌐

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🔥Hot topic alert!🔥 The Ethereum community is buzzing about the issuance curve of staking rewards. But it's not just about the curve, it's about Ethereum's governance and monetary policy. Currently, almost 27% of all ETH is staked. Ethereum protocol developers and researchers are discussing a new issuance reward formula to make staking past a certain point unattractive.🤔 But the reaction on social media is less about the technical details and more about the idea that it involves changing Ethereum’s monetary policy. Critics, particularly those associated with the “ultra sound money” subculture, see this as a red line. The Ethereum ecosystem is a diverse group - everyday users, node operators, validators/stakers, niche Ethereum media, and dApp builders. They're referred to as the community and they're either “up in arms” or pushing back against the proposal.💥 The Ethereum Foundation has an outsized influence on the protocol relative to other stakeholders. But it's not “in control” of Ethereum. In fact, it's engaged in a process it calls subtraction where it will phase itself out. So, what's the solution? It might be time to consider mechanisms for community feedback. An annual Ethereum Assembly? An online feedback mechanism?🗣️ Let's chat! What do you think about the issuance curve? How can we improve Ethereum governance? Share your thoughts!👇
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🚨#CryptoNews Alert! Terraform Labs & co-founder Do Kwon found liable for civil fraud by Manhattan jury in connection with the $40B Terra ecosystem implosion. SEC accused them of misleading investors about the stability of Terra USD & the Terra blockchain's use cases.💥 The jury verdict came after a 9-day trial, agreeing with SEC that Kwon & Terraform Labs deceived investors about the algorithm keeping UST pegged to the dollar. It was claimed to "self-heal" in case of a de-peg, but relied on continuous trading activity.📉 SEC's Gurbir Grewal said, "The defendants caused devastating losses for investors and wiped out tens of billions of market value nearly overnight." He urged for crypto markets to come into compliance.🔍 The jury didn't buy Terraform Labs' defense that the algorithm was not a "magical machine" but minting and burning done by market participants. Kwon, not present for the trial, also faces criminal charges in the U.S. & South Korea.🌐 What's your take on this? Let's discuss!👇 #BlockchainNews #CryptoFraud
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🎥 "The Big Empty," a new documentary by ex-CoinDesker Will Foxley, highlights the human side of Bitcoin mining in the small town of Spur, Texas. It's not just about the energy footprint, but the lives changed and the community revitalized by the industry. 💼🔨 Galaxy Digital, a digital asset heavyweight, has made a significant impact in Spur, providing jobs and even reopening a public pool. 🏊‍♂️ But it's not just about being a good neighbor today, it's about maintaining that in the long run. Foxley's doc is a reminder that Bitcoin mining isn't just about chasing cheap energy, it's about creating jobs and revitalizing towns. It's a story of how crypto can have a real-world footprint. 👣💰 What are your thoughts on the impact of Bitcoin mining on small towns? Let's discuss! #BitcoinMining #CryptoImpact
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🚀Genesis, the bankrupt crypto lender, has made a bold move! They've sold their shares of Grayscale Bitcoin Trust (GBTC) and used the proceeds to buy a whopping 32,041 bitcoins! 💰 The sale of GBTC shares was completed on April 2, and the bitcoins purchased are worth a staggering $2.2 billion at today's prices. That's a massive leap from the $1.6 billion value of the Grayscale shares at the time of the application. What's next for Genesis and its huge bitcoin stack? Initial plans are to distribute the tokens to its Gemini Earn creditors. But who knows what the future holds in the exciting world of crypto? 🌐 What do you think of Genesis's move? Share your thoughts below! 👇 #CryptoNews #Bitcoin #Genesis
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🔔 Jury deliberations are underway in the SEC's civil fraud case against Terraform Labs and co-founder Do Kwon. The SEC alleges that they misled investors about the stability of Terra USD, an "algorithmic stablecoin". The coin was supposed to maintain a peg to the U.S. dollar, but in May 2022, it de-pegged, leading to a crash that wiped out approximately $40 billion in market value. 📉 The SEC argues that Terraform Labs deceived investors about the nature of the algorithm, implying it could self-heal in the event of a de-peg. However, the SEC claims the value of UST was maintained through continuous trading activity, including large-scale trading by institutional investors. 🤔 The defense argues that Terraform Labs never claimed the algorithm could function on its own and that all reasonable purchasers were aware of the risks. They also claim that the collapse was the result of a short attack by hedge funds, making Terraform Labs a victim alongside its investors. 🛡️ What's your take on this? Were Terraform Labs and Do Kwon in the wrong, or is this a case of misunderstood technology and market manipulation? Let's discuss! 🗣️
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