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DeFi Regulation:
Avi Eisenberg found guilty of $110 million fraud on Mango Markets, potentially setting a precedent for future DeFi cases.
First-ever conviction for hacking a smart contract results in a 3-year prison sentence.
Hong Kong Approves First Bitcoin and Ethereum ETFs:
Expected to increase demand for Bitcoin and potentially raise prices.
Stablecoin Regulation:
Senators Lummis and Gillibrand propose a bill requiring full reserve backing for stablecoins and prohibiting algorithmic versions.
Sen. Brown emphasizes need for regulation, while UK plans legislation by July.
CFTC Chair Under Scrutiny:
Senators Warren and Grassley investigate Behnam's communication with FTX founder Sam Bankman-Fried.
Ethereum Layer 2s and Wallets on the Rise:
OKX launches "X Layer" for faster transactions and privacy.
Worldcoin introduces "World Chain" prioritizing human users with retina scanning.
Kraken releases a new open-source self-custodial mobile wallet.
Uniswap Fee Hike:
Increased fees generate record revenue but raise concerns about user retention.
Bitcoin Challenges Ethereum in Daily Transaction Fees:
Growing popularity of Ordinals and BRC-20 tokens drive demand for Bitcoin transactions.
Bored Ape Yacht Club NFT Prices Plummet:
Floor price falls to lowest level since August 2021.
Creator Yuga Labs transfers royalties to an address linked to bankrupt FTX US.
Other NFT News:
Blur leads NFT marketplaces in Q1 with $1.5 billion trading volume.
Magic Eden experiences significant growth in March.



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