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at shopify.com/DCR. It's

1:38

8 a.m. Eastern April 11th and this

1:40

is your daily crypto report. Bitcoin

1:42

is down slightly at $82,046.Eath is

1:45

down slightly at $1,557.XRP is up

1:47

slightly at $2. North Carolina lawmakers

1:49

introduced a new bill, the Digital

1:52

Asset Freedom Act, to allow crypto

1:54

to be used for tax payments

1:56

and other economic transactions. The bill

1:59

recognizes digital... assets as valid mediums

2:01

of exchange and ensures transactions using them

2:03

are legally enforceable. Among the criteria listed

2:06

to qualify a digital asset must have

2:08

at least $750 billion in market cap

2:10

$10 billion in daily trading volume, a

2:12

10-year track record of open market operation.

2:15

The bill doesn't name any specific coins

2:17

but sets criteria that only a few

2:19

like Bitcoin would meet. It follows other

2:22

crypto forward proposals in the state including

2:24

bills that would let North Carolina invest

2:26

up to 5% of pension funds into

2:29

crypto. Six Senate Democrats, including Elizabeth

2:31

Warren, slammed the DOJ's decision to

2:33

shut down its crypto enforcement unit,

2:35

calling it dangerous and nonsensical. In

2:37

a letter to Deputy Attorney General

2:39

Todd Blanche, they argued the move

2:41

gives crypto criminals a free pass

2:43

and could open the door to

2:45

more sanctions evasion, drug trafficking, scams,

2:48

and child exploitation. Blanche, formerly Trump's

2:50

defense lawyer, dismantled the DOJ's national

2:52

cryptocurrency enforcement team as part of

2:54

the administration's more crypto-friendly stance. He

2:56

also said the DOJ would stop

2:58

targeting... crypto exchanges and mixers, tools

3:00

the senators say are commonly used

3:02

by North Korean hackers, and other

3:05

cyber criminals. The lawmakers warned that

3:07

no longer prosecuting digital asset crimes

3:09

or bank secrecy act violations would

3:11

weaken anti-money laundering systems and anti-money

3:14

laundering systems and create a major

3:16

vulnerability. More news on the SEC,

3:18

the agency has dropped its unregistered

3:20

securities claims against Nova Labs. The

3:23

team behind the Helium network, the

3:25

case involved Helium's three tokens, which

3:27

distributing tokens to Grow a network

3:29

doesn't automatically make them securities. The SEC

3:32

sued just days before former chair Gary

3:34

Gensler stepped down on John 20, now

3:36

under President Trump's administration, a newly confirmed

3:38

SEC chair Paul Atkins, the agency has

3:40

been reversing course on crypto enforcement. It

3:43

has also dropped cases against Pother major

3:45

firms. Nova Labs said the SEC's dismissal

3:47

means the agency can't bring these charges

3:49

again, calling it a major win for

3:51

the broader crypto industry. Well, I bought

3:54

pulled off a front-running MEV attack during

3:56

the Wayfinder prompt air drop for Kaito

3:58

users stealing about 200,000. The bot exploited

4:00

a flaw in the airdrops smart

4:02

contract intercepting and swapping tokens for

4:05

eith before legit users could claim

4:07

them. Victims were mostly Kaido yappers.

4:09

users who earned rewards for promoting

4:11

Wayfinder on social media. The prompt

4:13

token claim was paused shortly after

4:15

complaints rolled in and token table

4:17

the air drop manager promised full

4:19

compensation including gas fees. The exploit

4:21

didn't affect the core contract security

4:24

but it exposed a weakness and

4:26

how claims were processed. Token table

4:28

is planning a full post mortim

4:30

and hasn't yet announced when claims

4:32

will resume. And finally someone just

4:35

took a $10 million paper loss

4:37

selling their Cryptopunk number 3,100 sold

4:39

for 4,000 Ethan on Thursday. day

4:42

about $6 million. After being bought

4:44

for $4,500, which was worth $16

4:46

million in March of 2023, that

4:49

earlier $16 million sale was the

4:51

third largest ever for a single

4:53

NFT, but the NFT market, especially

4:56

for blue chip collections like Cryptopunks,

4:58

Board Apes, Azuki, and Pudgy Penguins,

5:00

has been on a steady

5:03

slide since 2022. That's all

5:05

for us today. Visit us

5:07

at Daily Crypto Report.io. If

5:09

you're feeling overwhelmed by the news

5:11

cycle, you are not alone. I'm

5:13

Emma Varvale, and along with Progress

5:15

Network founder Zachary Parabelle, I host

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that looks beyond the headlines, to

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uncover progress happening in the world,

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even in difficult times. Each week,

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we sit down with experts to

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