| Hey Cryptonews, here's our curated daily bundle of crypto news. | | Bitcoin mining sustainability hits new all-time high
|  | | Bitcoin miners have had to face complaints about untenable greenhouse gas emissions affecting the environment. However, mining sustainability has now climbed to an All-Time High (ATH) of 54%. Most miners have improved their use of sustainable energy resources and there are also more structured and efficient mining rigs.
Now that the emission intensity has reduced, it implies that Bitcoin is effectively heading towards carbon neutrality, potentially reducing the environmental impact by half in three years. Moreover, the sustainability ATH noted a slight decrease as a result of the rising hashrate without significant mining activity.
As far as miners' revenue is concerned, the drop in mining activity seems to have brought the metric down to a low of 870.90 BTC. Total fees, which do not include newly issued coins generated, remained at a similar low point as its 2022 trend. | | Learn More | | Lido says 15% of all Ethereum supply is being staked |  | | As the Shanghai Upgrade inches closer, interest in Ethereum staking has continued to increase. This interest in Ethereum staking impacted the Liquid Staking Derivatives (LSDs) space positively. In fat, as per a 2 April tweet by Lido, 15% of all Ethereum supply is being staked.
A significant majority of the staked ETH has been deposited through Lido. According to Dune Analytics's data, 31.4% of all staked ETH has been deposited through the protocol. Due to the dominance of Lido, the protocol has seen a massive surge in TVL over the last few months. Moreover, the revenue generated by Lido spiked by 22.1% over the last month, thanks to the increased daily activity on the protocol.
It won't just be Lido that is impacted by the interest in staking. Investors and traders are also buying tokens of protocols such as Frax Finance and Rocket Pool to benefit from the interest being generated through staking and growing market cap of each of these tokens | | Learn More | | Uniswap rocked by $25M sandwich attack |  | | Uniswap has become the latest casualty of exploits in the cryptocurrency industry. The attack was on the protocol's Liquidity Pool (LP) and ended in the perpetrators carting away $25.2 million.
Blockchain security platform PeckShield Alert was able to locate where the stolen funds were transferred, with the firm noting that eight addresses, the same that emerged from the KuCoin exchange, were involved, and the funds were stored in three of them.
Further scrutiny of the event revealed that it was a sandwich attack. Sandwich attacks occur when atrocious traders look for a pending transaction within a network and manipulate the order of transactions in the block.
PeckShield also explained that there was a broken bot action from the Miner Extractable Value (MEV), the value that miners can obtain from the order of transactions during block production. This reportedly helped in granting access to hackers.
| | Learn More | | Twitter changes its icon to DOGE
|  | | Twitter changed its icon to Dogecoin's symbol on 3 April, fueling a 22% hike in DOGE's value in an hour. The change is now platform-wide and visible to Twitter's 360 million monthly active users and visitors.
Twitter and Tesla CEO Elon Musk tweeted a meme implying that Twitter's Dogecoin icon change will last for some time, shortly after the change. Correspondingly, Musk has asked a U.S. judge to dismiss a $258 billion lawsuit which accuses him of promoting a Dogecoin pyramid scheme.
Musk's lawyers reportedly argued that his tweets and funny pictures do not equate to promoting a Dogecoin pyramid scheme or amount to a fraud claim. Notably, Twitter's icon change may be due to Musk's conversation with the chairman of r/WallStreetBets on Twitter, with the latter suggesting the change.
| | Ethereum Archive Node service shuts down after successful run |  | | ArchiveNode .io announced it was shutting down after offering free Ethereum mainnet archive node services for over three years to developers, students and researchers. The project's founder, known as "DeFi Dude," claimed they were successful and hence decided to sunset the services.
He added,
"...Our service is no longer necessary and other alternatives exist today that did not exist when we got started."
Notably, the project was initiated when nobody was running Archive Nodes. It aimed to provide archive data to those who could not afford to run their own archive nodes or pay for access to Infura's infrastructure, which cost $250 per month.
The founder confirmed that the project was not for profit and thanked the Ethereum Foundation for their initial grant of $10,000 in AWS credits. Lastly, he cited the robust market for remote procedure call (RPC) providers as the reason for the project's obsoletion, leading to its shutdown.
| | South Korean prosecutors seize $160M in assets from Terra employees |  | | Authorities in South Korea reportedly seized around $160 million worth of assets from eight individuals associated with the collapse of Terraform Labs, including co-founder Daniel Shin. The assets, mainly in the form of real estate, were confiscated by the Seoul Southern District Prosecutor's Office, including properties owned by former Terra Vice President Kim Mo and another unnamed executive worth $60 million and $31 million, respectively.
A spokesperson for the prosecution team said,
"...We are still investigating the property ownership status of the suspects."
Adding that they plan to take steps to preserve confirmed property and recover the proceeds of crime and damages in the future.
The prosecutors actions were allegedly to prevent former Terra employees from disposing of assets linked to the ongoing criminal investigation. At the time of writing, no arrest warrant has been issued for Shin and there was no mention of crypto assets being seized as part of the investigation.
| | Japan's FSA warns Bybit, other unregistered exchanges |  | Unregistered exchanges violated the country's fund settlement laws - FSA The letter flagged Bybit, MEXC Global, and Bitget
Japan's Financial Services Agency (FSA) issued a warning letter on Friday, claiming several foreign cryptocurrency exchanges such as Bybit, MEXC Global and Bitget have been violating the country's laws by conducting business in Japan without proper registration. In 2021, the FSA had sent a formal warning letter to Binance for operating without necessary permissions.
In the letter, the FSA stated that the listed exchanges had breached Japan's fund settlement laws by conducting crypto asset exchange business without proper registration. The regulator clarified that the current list of unregistered traders may not accurately represent the current state of unregistered businesses.
The FSA warning to crypto exchanges indicates greater regulatory scrutiny of the industry in Japan and globally, due to concerns about fraud, money laundering, and market manipulation. Japan is currently working on new regulations for the crypto and Web3 sectors, but has not taken as strict an approach as some other major economies like the United States.
| | Every 'DOGE' has its day |
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