Punchlines

• Elon changes Twitter logo to Doge 🐕

• Trust issues: Arbitrum's vote gone wrong 👎

• SEC vs. Ripple ⚖️

• Tough times for USD 💸

+ Bitcoin corner & Notable mentions

On 3rd of April Elon changed Twitter’s logo and didn’t say anything. Within the next hour $Doge has gained $4 billion in market value because of this. Elon, ever true to his word, has fulfilled his promises. Now, we can only hope he acquires Coca-Cola next! 😉 

The Arbitrum Foundation proposed to allocate 750 million ARB tokens for paying service providers, grants and covering its administrative & operational costs, but the proposal was voted against by ARB holders. However, the foundation has already spent 6.7% or 50.5 million ARB, and they claim that the vote was merely a formality. 🫠 

This event triggered criticism from some members of the community, who argued that the Arbitrum Foundation misunderstood the definition of a proposal and how DAOs operate. Following the vote, the ARB token, experienced a price drop.🔻

If you've been keeping an eye on the SEC vs Ripple legal tussle, you'll be intrigued by Deaton's analysis. The analysis suggests that Ripple might just come out on top in this high-stakes crypto courtroom drama. Apparently, the SEC's lack of clear crypto guidelines and Ripple's clever defense moves have tipped the scales in the latter's favor.

The case, which began in December 2020, has seen several twists and turns, with Ripple defending the status of its XRP token and arguing that it should not be classified as a security. The case has captured the attention of the cryptocurrency community, as its outcome could potentially set a precedent for other digital assets facing similar regulatory scrutiny.👨🏻‍⚖️

So, grab your popcorn and stay tuned, because this nail-biting case is far from over!🍿

As the Chinese Yuan moonshots its way to global stardom, it's knockin' the US Dollar off its pedestal as Russia's most traded currency. Yuan also has taken the #2 spot in Brazil's foreign reserve rankings. Meanwhile, India's diversifying by ditching the US Dollar for alt-currencies in transactions with other countries.

Even Saudi Arabia is putting some distance between itself and Uncle Sam, which might just shake up the global energy scene and regional security. And get this – Kenya's gone rogue, buying oil from Saudi Arabia and the UAE with their own Kenyan shilling instead of the US Dollar.

Talk about a wild shift in the economic game! We're sailing into interesting times as the US Dollar faces competition, with the Chinese Yuan and other currencies shaking up the global financial landscape.

In an amusing twist of fate, a book delving into the steamy love affair between Bitcoin and national security has found itself in the exclusive Amazon best-seller club.

This scholarly gem, dissecting the tantalizing impact of digital currencies on national defense and the scintillating future of finance, has captured the hearts of an eclectic audience. Who knew cryptocurrency and national security could be such a page-turner, leaving readers on the edge of their seats?

• Bitcoin: Hard Money You Can't F*ck With 4.5/5

• The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future. 4.6/5

• Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. 4.7/5

• The Bitcoin Standard: The Decentralized Alternative to Central Banking. 4.7/5

• The Bullish Case for Bitcoin. 4.8/5

• DEX’es are taking over: Uniswap has surpassed Coinbase's trading volume, marking its best month since 2022 📊

• Argentinean Airline Becomes the First to Offer Tickets as NFTs on Algorand 🛩

• Hong Kong regulators to assist crypto firms with banking in effort to become a digital asset hub. 🇭🇰

• Euler Finance hacker has returned the outstanding $31 million, marking successful fund recovery. 💰

• UK banks are turning away crypto clients 🏦