DeFining news: April 21st, 2023 📢

▪️The new wave of memecoins is here, with PEPE rallying 500x and taking up 7% of ETH gas usage.

▪️A16z is getting into the L2 game with Magi.

▪️Uniswap v3 is launching on the Polygon zkEVM.

▪️ETH supply has dropped by 100k ETH since the merge.

▪️A mysterious wallet exploit targets only OG crypto holders. Stole over $10M already.

▪️Maple Finance launched a pool for US Treasury yields this week.

▪️In regulatory news, the SEC is basically trying to define many DeFi protocols as “exchanges” — and crypto experts are worried.

▪️Meanwhile, Hong Kong ruled that crypto is property.

▪️Why did Solana’s network crash so hard in April? They just published a detailed post mortem report.

▪️A sandwich bot made $950k in one attack this week.

▪️SUI network announced that it will sell tokens at discounted prices to those who supported the network early.