🎥 A Disappointment, Right?
In today’s edition: 💸 Pantera and Spartan invest in AERO token, 🐳 Scroll's SCR skewed launch stirs debate, 🚀 Coinbase supports Taproot-enabled wallets, and more!
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ICYMI: Regulators Are Limiting Banks Serving Crypto Clients. Does That Violate the Law?
by Veronica Irwin
If the Federal Reserve and FDIC are imposing an undisclosed rule, they may be in breach of the Administrative Procedure Act.
What’s Poppin’?
by Veronica Irwin, Tikta, and Sage D. Young
HBO Documentary Names Peter Todd as Bitcoin Creator Satoshi Nakamoto
The film’s conclusion was met with much skepticism from the crypto community, however, including denials from Todd himself.
Investment Firms Pantera Capital and Spartan Group Scoop Up Aerodrome’s AERO Token
The acquisitions come at a time when the decentralized exchange is positioning itself as a staple on Coinbase’s layer 2 Base, and yet its growth is raising questions about the sustainability of token-based incentives.
Scroll Community Criticizes SCR Token Launch Plan for Favoring Binance Whales
The Ethereum-based layer 2 protocol announced that it’s allocating 5.5% of its token supply to the Binance launchpool.
Coinbase Activates Bitcoin Taproot Transfers
Coinbase.com users will finally be able to send bitcoin to Taproot-enabled wallets.
Earn bitcoin on Gemini here.
Daily Bits… ✍️✍️✍
💼 Caroline Ellison, former CEO of Alameda Research, agreed to transfer nearly all of her remaining assets to the FTX bankruptcy estate as part of a lawsuit settlement, while cooperating in ongoing investigations to recover more funds.
🛡️ Crypto.com filed a lawsuit against the SEC following a Wells notice received in August, arguing that the regulator has overstepped its jurisdiction by attempting to classify most crypto assets as securities transactions.
🔥 TON-based projects Notcoin and Dogs Community plan to burn $4 million worth of tokens, with most of the reduction coming from DOGS tokens.
📝 Canary Capital filed for a spot XRP exchange-traded fund with the SEC, aiming to provide easier access to XRP through traditional brokerage accounts as demand for crypto ETFs grows beyond bitcoin and ether.
The $$$ Corner…
💰 Bitcoin layer 2 developer Bitlayer closed $9 million in a Series A extension led by Polychain Capital, maintaining a $300 million valuation as the firm prepares to launch the second version of its Bitcoin scaling network.
🚀 Semantic Layer raised $3 million in seed funding, led by Figment Capital, to improve multichain transaction execution infrastructure for decentralized applications.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 0.6%, trading at $62,033
ETH is flat, trading at $2,428
BTC dominance: 54.2%
Crypto market cap: $2.26T
*All data as of today, 06:40 am ET. Source: CoinGecko
Recommended Reads
CoinDesk: Binance, FalconX and the Curious Case of 1.35M Missing Solana Tokens
Forbes: Who Is Peter Todd, The Man Named By HBO As Bitcoin’s Mystery Creator Satoshi Nakamoto?
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