Hey there,

Here are the highlights for this edition of The Faucet:

• El Salvador's Bitcoin Adoption Pays Off: After making Bitcoin legal tender in September 2021 and pledging to buy one Bitcoin every day starting November 18th 2022, El Salvador is now seeing a surge in their bond price which has grown over 60% since the start of the year. Although the country has been dragged in the media for their bold move in adopting Bitcoin into their monetary system, El Salvador has continued to produce undeniable economic results. Their $800 million bond that was paid off with interest in January 2023 is just the start of El Salvador making naysayers out of everyone who doubted the country. Read more about El Salvador’s astounding financial progress here.

• EU Approves First Bitcoin ETF: While all eyes are on Blackrock's spot Bitcoin ETF application in the US, the European Union has been quietly making strides towards Bitcoin adoption. Almost two years ago, the GFSC approved the EU's first ETF, and it is now set to launch later this year. This development showcases the EU's growing interest in embracing Bitcoin and integrating them into their financial markets. Read the details of this upcoming Bitcoin ETF here.

• Monero Founder Criticizes Mutiny Wallet's Approach: A recent critique by one of the founders of Monero has brought attention to Mutiny Wallet's use of a progressive web app for their wallet. The founder expressed concerns, stating that a web wallet creates an inherently insecure attack surface. However, some respondents in the discussion threads have contested this assertion, emphasizing the challenges faced by Bitcoin developers, especially given the growing hostility from app store platforms. This debate highlights the ongoing efforts to strike a balance between usability and security in Bitcoin wallets. Read the tweet that sparked the controversy here.

That's it for this edition of The Faucet. Stay tuned for more exciting updates in the world of Bitcoin!