Hyuna's Crypto Frensletter 🐸 Week 24 (June 9 - 15) Hi Frens! Here's your Monday round-up of what happened last week in crypto. -- 🔒 Privacy is Normal: The Ethereum Foundation (@ethereumfndn) has donated $500k to the legal defense of Roman Storm (@rstormsf) and is pledging to match up to $750k in donations from the crypto community. Storm, one of the original devs behind Tornado Cash, is heading to trial next month on charges of conspiracy to launder money and violate U.S. sanctions for his role in developing the open source and decentralized crypto privacy mixer. If Storm is found guilty, this could set a dangerous legal precedent for devs writing code, regardless of their actual role in what happens to that code once it is made open source. You can donate to Storm’s legal fund here: 🐕 Something to Bark About: Casual mini games studio @itplaysout and @DogeOS are partnering to create a series of Doge-branded mini games, playable on both Web2 and Web3 platforms. The Doge-branded mini games will be built using the DogeOS, an application layer that lets developers build on top of Dogechain and utilize the Doginal protocol. The games are expected to be interoperable and feature rewards and airdrops. img from: 🎖️ Hit and Miss: Coinbase unveiled the Coinbase One card last Thursday, a branded credit card that rewards its holders in Bitcoin, offering up to 4% back on purchases. The card is available exclusively for subscribers of Coinbase one, a membership platform launched in 2023 that casts $29.99/mo. and includes benefits like zero trading fees and priority support. Coinbase faced criticism following Saturday’s military parade, which was partly sponsored by Coinbase, Palantir, and other companies like Lockheed Martin. The event was in celebration of the U.S. Army’s 250th anniversary and coincided with President Trump’s 79th birthday. Critics decried the sponsorship as a betrayal of crypto’s core principles of political neutrality, though proponents argued that the military is a neutral entity and does not espouse any political stances itself. 💳 Privy Terms: Internet-based financial giant Stripe is acquiring Privy, a crypto infrastructure company best known for its imbedded wallet technology. Privy is used widely across crypto, from dApps and platforms like Hyperliquid, OpenSea, PumpFun, and many more. Privy will still operate independently after the acquisition, which is expected to close in the coming weeks. ⬟ Central Authority: Sandeep Nailwal (@sandeepnailwal), co-founder of Polygon, announced last Wednesday that he is taking full control of the Polygon Foundation as its CEO. The foundation will be undergoing a massive strategic overhaul, focusing on its proof-of-stake network and the AggLayer, a cross-chain liquidity protocol, while shutting down its zkEVM network by 2026 due to low adoption and technical limitations. Polygon Labs will continue to be led by Marc Boiron (@0xMarcB) as its CEO. Read Nailwal’s full announcement here: 🤖 Return to OP_RETURN: Bitcoin Core developers have finalized a controversial decision to increase OP_RETURN data storage limit from 80 bytes to 4MB in the Bitcoin Core 30 release, scheduled for October 2025. The update aims to modernize the network’s data handling capabilities by allowing larger non-financial data (such as text or images) to be embedded in Bitcoin transactions. The change ensures a cleaner unspent transaction output (UTXO) set and consistent behavior, though node operators can still opt for stricter standards via alternatives like Bitcoin Knots. 💖 What Am I Looking At Lately? These beautiful charts of Alkanes dominating the mempool on Bitcoin, data curated by @jin_maa: 🎉 …And last but not least, congratulations to my friends at @asph0d37 on achieving a never-been-done-before FIRST: the Kamigotchi P2P marketplace launch, a fully onchain orderbook existing and operating within a fully onchain world. …Now you’re all caught up! Have a great week (: p.s. Subscribe to my Substack if you'd like to read a properly formatted version of my Frensletter with links to sauce(!)