This week the Layer1 crew discusses the latest on DeFi Hack on lendf.me, Binance unveils plans for their smart contract network, China supports Blockchain, and Dan Larimer announces $200k EOS.io challenge.

Telegram - t.me/SutlerVenturesTwitter - https://twitter.com/layer1pod https://twitter.com/SutlerVenturesSutler Ventures - https://sutlerventures.com/-----------------1:40 BREAKINGdForce DeFi platform is exploited - loses $25m https://www.coindesk.com/attacker-drains-decentralized-protocol-dforce-of-25m-in-weekend-attackhttps://decrypt.co/26122/dforce-hackers-forced-into-u-turn-after-failing-to-sell-stolen-funds?utm_source=twitter&utm_medium=social&utm_campaign=auto

New Layoffs Hit Ethereum Incubator ConsenSyshttps://www.coindesk.com/new-layoffs-hit-ethereum-incubator-consensys

9:18 QUICK NEWSFactom isn't liquidating after all - changing up the Series B and hoping for growthhttps://messari.io/article/factom-will-not-liquidate-correcting-prior-claims-last-week

ICYMI: ETH ASIC miners got an update to ensure hash rate doesn't fall 20-40% https://messari.io/article/bitmain-releases-firmware-update-to-prolong-life-of-ethereum-asic-miners

The New York power plant we talked about has sold 30% of its hash rate to institutional buyershttps://www.coindesk.com/new-york-power-plant-greenidge-has-sold-up-to-30-of-its-bitcoin-mining-hash-rate

Algorand Foundation sets aside 250m ALGO tokens to support the ecosystemhttps://messari.io/article/algorand-foundation-sets-aside-250-million-algos-to-fund-ecosystem-development

Coinbase Custody now allows for DeFi governancehttps://finance.yahoo.com/news/coinbase-custody-doubles-down-defi-160936843.htmlhttps://blog.coinbase.com/coinbase-custody-rolls-out-support-for-compound-governance-2e8984721e61

Stimilus checks are being used to buy Bitcoin just as "Bitcoin halving" hits an ATH on google search trendshttps://decrypt.co/25774/coronavirus-stimulus-checks-are-going-on-guns-tigers-and-bitcoin

Singapore Won’t Tax Airdrops or Hard Forks Under New Crypto Guidancehttps://www.coindesk.com/singapore-wont-tax-airdrops-or-hard-forks-under-new-crypto-guidance

More than half of eToro's global user base is invested in XRPhttps://www.theblockcrypto.com/linked/62239/xrp-etoro-global-user-base-report

DISCUSSION23:15 China's Government backed Blockchain Platform aiming to support development and innovation launches Apr 25thhttps://www.theblockcrypto.com/post/61920/blockchain-china-platform-launch-next-week

40:00 Binance to launch ETH competitorhttps://www.theblockcrypto.com/post/62213/binance-is-launching-a-new-ethereum-compatible-blockchain

57:00 Are normal businesses/consumers adopting stablecoins? Circle saw huge growth from businesses using USDChttps://www.coindesk.com/circle-ceo-claims-explosive-stablecoin-demand-from-everyday-businesses

1:04:15 BITCOINRennTech is eyeing Bitcoin - what does this mean for crypto? https://www.theblockcrypto.com/post/62322/75-billion-hedge-fund-renaissance-technologies-is-eyeing-the-bitcoin-futures-market

1:12:52 EthereumRumors around ETH whales, the ETH Foundation or BOTH supporting ETH pricehttps://www.newsbtc.com/2020/04/10/ethereum-whales-are-building-a-massive-buy-wall-will-it-stop-a-selloff/

Stablecoins have propelled ETH to match Bitcoin's amount of "value transfer" on the blockchainhttps://www.coindesk.com/ethereum-now-matches-bitcoin-on-one-key-metric

MetaFactory launches first MetaFactory Brand https://metafactory.ai/

1:32:00 EOSGalaxy EOS VC Fund Invests In An Interactive Storytelling Platformhttps://www.eoswriter.io/168671_galaxy-eos-vc-fund-invests-in-an-interactive-storytelling-platform.eos

$200k EOS Challengehttps://eos.io/news/collaborating-across-the-ecosystem-to-make-blockchain-work-for-everyone/