Coins ( ₿ )
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Today, the Fed has to choose between inflation and the regional bank crisis.

On one hand, inflation has been above 5% for 22 months.

On the other hand, the collapse of regional banks began with rapidly rising rates.

Meanwhile, inflation is still at 6%.

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Telegram users can now send USDT to each other in chat. USDT has been added to Telegram's wallet bot. Bitcoin and TON were added to wallet bot last year.

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Forwarded from Bitcoins
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Now, we've seen everything 😆

Tim Draper concluded his speech at Paris Blockchain Week 2023 with a song he wrote.

It touched on Satoshi, Bitcoin, banks, governments and the want for a new world order.

@bitcoins
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Federal Reserve raises interest rates by 25bps. 🇺🇸

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The Avalanche C chain has stopped producing blocks for an hour and has not yet recovered. The Avalanche blockchain browser shows that the latest block time is 7:26 UTC+8, and the block height is 27788298.

Ava Labs co-founder: Network been unstable for a bit over an hour. It was a bug with v1.9.12. Fix was just released. If you're an Avalanche validator please upgrade to v.1.9.14 ASAP.

Korean exchanges Upbit Bithumb and others have stated that due to Avalanche (AVAX) network problems, Avalanche (AVAX) deposit and withdrawal services have been suspended.

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SEC is investigating Coinbase for its Earn product, wallet service and exchange activity.

https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal

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📈 Bank of England rate decision at 8 a.m. ET.

📊 U.S. initial jobless claims at 8:30 a.m. ET.

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Vite DAO: Vitelabs has announced that they are transforming into a DAO, making it even more decentralized and in line with #web3 values. Asynchronous architecture is a fundamental part of the Vite blockchain network, enabling efficient and scalable execution of smart contracts.

Vite Ecosystem:

Vite Labs was the genesis team and development group behind the Vite network — the blockchain layer-one (L1) that supports smart contracts and cryptoassets.

Vite DAO includes the group that was called Vite Labs, as well as contributors around the world. Vite is grateful for its community members, who have been loyal and helpful in this way for years.

ViteX is a decentralized exchange (DEX), formerly cultivated by Vite Labs as its flagship decentralized application (dApp). ViteX is decentralizing through ViteX DAO.

https://medium.com/vitelabs/vite-dao-26337eef60b4

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Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges

The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume.

The agency is also suing Lindsay Lohan, Jake Paul, Soulja Boy, Lil Yachty, Ne-Yo, Akon and Michele Mason on illegal touting charges for their roles allegedly promoting TRX and BTT without disclosing they were paid to do so. The majority of these celebrities settled the charges.

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Banks Vs Bitcoin

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On a lighter note.

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Terra founder Do Kwon reportedly arrested in Montenegro.

https://twitter.com/filip_adzic/status/1638886164118802432

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Coins ( ₿ )
Terra founder Do Kwon reportedly arrested in Montenegro. https://twitter.com/filip_adzic/status/1638886164118802432 📍 Follow @Coins for the hottest news in crypto.
So, this could be The Big One. Or not. A man believed to be Terraform Labs head Do Kwon was arrested in Montenegro. But we’re still waiting on solid proof of that. Let’s explain.

Montenegro’s interior minister – a rather stern looking man named Filip Adzic – tweeted this morning that a person thought to be the fugitive founder was taken into custody at the airport in the capital of Podgorica. But that’s all we got. At least initially.

South Korean news outlet Yonhap later chimed in, citing police in that country, to say authorities were waiting on fingerprints to confirm the identity of the person who was arrested.

Then later still Montenegro's Ministry of Internal Affairs tweeted some more specific information about the arrests, saying South Korean citizens "Kwon Do Hyeong and Hon Chang Joon were apprehended and brought to the Basic State Prosecutor's Office in Podgorica, on criminal charges for the criminal offense of document forgery."

The ministry said the two were apprehended during passport checks while attempting to fly to Dubai using forged Cost Rican travel documents.

It also said a warrant had been issued by Korean authorities.

But no word on those fingerprints or any other confirmation other than the tweets. So, as we said, it could be the big one, or not.

For anyone needing a history lesson, Kwon is being sought by authorities in several countries for his role in the collapse of TerraUSD, the stablecoin created by Terraform Labs which spectacularly collapsed in May 2022, wiping out tens of billions of dollars for investors.

Reports of his whereabouts have become fodder for crypto Twitter as he would randomly pop up with a tweet, whereabouts unknown.
Korean prosecutors reportedly traveled to Serbia, which borders Montenegro, in February in an effort to track down Kwon.

The U.S. Securities and Exchange Commission brought civil charges against Kwon last month, accusing him of failing to "provide the public with full, fair and truthful disclosure as required for a host of crypto asset securities."

Let’s wait and see how those fingerprints look.

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Decentralized infrastructure protocol The Graph teamed up with web3 fiat-to-crypto gateway Banxa, enabling users to pay with fiat currency rather than just crypto to access its indexing and querying data from blockchains.

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El Salvador President to eliminate all income, property, and capital gains taxes on technology innovations.

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Forwarded from Crypto Rekt Liquidations Bot
Binance has announced that all spot trading is currently temporarily suspended due to an issue impacting spot trading on Binance.

The exchange team announced they are in works and trying to resolve this as soon as possible.

https://twitter.com/binance/status/1639230280119775234
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Nasdaq to launch #crypto custody services in Q2 2023.

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If you know about this artwork. You are the real OG.

More coming....!

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Collector accidentally burns their $123,000 CryptoPunk (CryptoPunk #685):

The new owner of a CryptoPunk, one of the most popular early NFT projects, accidentally burned the NFT they had only just purchased. After spending 77 ETH ($123,434) on the NFT, the owner tried to wrap it so they could borrow against it.
However, some confusing instructions resulted in the owner sending the punk to the burn address, effectively destroying the NFT. "I was trying to wrap it and don't know what I was doing... Thought I was following the directions exactly..." they later wrote. They also later shared that they had borrowed money in order to purchase the CryptoPunk.

https://twitter.com/vitalitygrowth/status/1639489299254063105

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