9/28/23: Gary Gensler Gets Roasted 🔥💻🆔

Author

Valko
September 28, 2023

Today’s Top News ⌐◪-◪

  • 🔥 Gary Gensler takes heat from lawmakers over stance on crypto

  • 💻 Ethereum devs succeed in 2nd attempt to launch Holesky testnet

  • 🆔 Buenos Aires to launch on-chain government IDs using zkSync Era

News Explorer — SEC Chair Gary Gensler Takes Heat From Lawmakers Over Crypto Crackdown - Decrypt

The next-generation media outlet navigating the intersection of culture and technology.

⌐◪-◪ → Watching Gary get roasted is like watching your high school bully get bullied. As nice as that is, I can’t say I learned anything new from yesterdays hearing, just more of the same ambiguity. Some highlights: tokenized Pokemon cards, Bitcoin not a security, FTX relations, and call to fire Gary.

Ethereum Developers Appear Successful in Second Attempt at Holesky Test Network Launch

The original planned launch date of Holesky, on Sept. 15, was supposed to celebrate the one-year anniversary of Ethereum’s historic “Merge” transition. But things didn't go so smoothly. Now developers are trying again.

⌐◪-◪ → The original launch date for Holesky was September 15th, the one year anniversary of Ethereum’s historic Merge. Holesky is now the largest Ethereum testnet with over 100,000 validators. Just more proof of the Ethereum community’s ability to collectively govern and improve the protocol.

Buenos Aires government ID, coming to Ethereum via zkSync

By year-end, the complete QuarkID roadmap aims to reach over 2.5 million users by broadening the range of available credentials.

⌐◪-◪ → By the end of the year, 2.5 million citizens will be able to download QuarkID wallet and claim personal documents. This is a major advancement in self-sovereignty and control/custody of personal data. From fax machines to blockchains. Also bullish for zkSync.

Peripheral Vision ⌐◪-◪

⛓️ Crypto & DeFi

  • Binance halts EUR trading for Paysafe users

  • Kraken CEO slams Chase’s move to block crypto payments in the UK

  • Bitcoin hits 900 million transactions

  • Aptos and Thala launch $1M fund to foster new DeFi protocols

  • Kraken plans to expand into stock trading to compete with Robinhood

  • CZ denies he owns CommEX, the startup that bought Binance Russia

  • Texas is the top BTC US mining State, with 28.5% of national hash-rate

  • Bank of International Settlements concludes CBDC pilot

🏛️ Legal & Regulatory

  • US Congressman calls to fire Gary Gensler & warns of subpoena

  • Gary Gensler refuses to say if SEC will approve spot Bitcoin ETFs

  • Gary Gensler says “Bitcoin is not a security” in yesterday’s hearing

🌎 Rest of the World

  • El Salvador sees surge in tourism due to Bitcoin tourists

  • Coinbase launches perpetual futures for international retaiinvestorsss

🖼️ NFTs & Gaming

  • Yuga Labs blocks OpenSea from trading Otherside Mara NFTs

  • Gary Gensler implies tokenized Pokemon cards may be a security

  • GTA 6 rumored to have crypto token called RSTAR

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