GM Brew Crew, you ever run inside on a hot summer day and chug a water bottle in about 1.5 seconds? I bet you’ll get the same feeling after sipping on this morning’s crypto brew. Let’s dive in.

On the menu today:

• DOGE DOCUMENTARY IN THE WORKS 🐕

• CARDANO AND ACREDIUS JOIN FORCES 🤝

• CRYPTO HACKS DECLINING 👍

Today’s Charts:

DOGE DOCUMENTARY IN THE WORKS 🐕

As Doge holds a special place in many hearts within the crypto world, it comes as no shock that a "Doge Documentary" is now in progress, led by a DAO named "Own the Doge."

• Specifics about the documentary remain unclear, including its release date and distribution plans, which are yet to be determined

• TThe cameras are already rolling though though, and the creators are dedicated to spreading the comprehensive Doge story as far and wide as they can.

• Atsuko Sato, the savior of the real-life Doge "Kabosu," a 17-year-old Shiba Inu breed, who rescued her from a kill shelter, is likely to play a significant role in the film as directors aim to inspire the world with kindness. Atsuko Sato, the savior of the real-life Doge "Kabosu," a 17-year-old Shiba Inu breed, who rescued her from a kill shelter, is likely to play a significant role in the film as directors aim to inspire the world with kindness. 

CARDANO AND ACREDIUS JOIN FORCES 🤝

To increase DeFi services and smart contract development, Cardano collaborates with the Swiss fintech company Acredius. Through this partnership, fundraising procedures are improved, utilizing Cardano's cutting-edge blockchain technology for accessibility and financial inclusivity.

• Cardano's Proof-of-Stake (POS) chain made significant progress in the DeFi space, deploying over 1,000 smart contracts and solidifying its reputation. To improve their smart contract development and broaden their DeFi services, Cardano has teamed with prominent Swiss fintech company Acredius.

• Acredius is launching a DeFi protocol in collaboration with the Cardano Foundation on the POS network, allowing users to invest in Swiss businesses using Cardano's ADA token.

• Acredius intends to use the Cardano blockchain for security, openness, and financial inclusivity while integrating with the Cardano dApp ecosystem to promote the development of smart contracts.

CRYPTO HACKS DECLINING 👍

According to researchers, hackers are motivated to return their stolen assets due to the sanctions imposed on Tornado Cash and the arrest of the Mango Market infiltrator last year.

• Hackers stole around $400 million from crypto projects during 40 different attacks in the first 3 months of 2023 according to blockchain intel firm TRM Labs. This is a 70% decline from Q1 of 2022. 😱

• TRM Labs also noted that the average hack size went from $30 million in 2022 to $10.5 million in 2023 for the same period.

• Hackers are increasingly returning the money they steal and settling for “white hat” rewards from the exploited projects. Hack victims gained almost half of the stollen funds back in the 3 month time period of 2023.

• A possible explanation might be increasing regulatory attention to the crypto hacks and high-profile enforcement cases, along with crypto exchanges ramping up their KYC/AML policies, making it harder to cash out stolen coins.

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.