🤜 Coinbase vs. Apple 🤛
New pod: is crypto headed down? - Plus: Coinbase has a conflict with Apple, DCCPA is delayed, another exploit in BNB, and more...
On the Pod…
Adam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months
Adam Cochran, partner at Cinneamhain Ventures, talks about the collapses suffered during this year, their impacts on big traditional finance players, and what’s coming in the crypto markets in the near future. Show highlights:
whether Sam Bankman-Fried lied during his interview at the Deal Book Summit
why SBF kept the number of FTX's engineers at such a low number
why Adam is optimistic about Genesis and DCG
what options Genesis has to raise liquidity
the significance of a potential meltdown of DCG in the crypto industry
why Adam is worried about Grayscale Bitcoin Trust (GBTC)
what lessons can be learned from this crypto winter
Adam's prognosis for crypto lending and for the crypto markets in general
the impact of the bankruptcy of BlockFi and all the other centralized lenders
What’s Poppin’?
Coinbase Wallet Disables NFT Transfers After Apple Demands 30% Gas Fee Collection
by Samyuktha Sriram
Coinbase said it was forced to disable NFT transfers after Apple demanded a 30% tax on gas fees to be paid through its in-app purchase system.
Grayscale Says Each GBTC Share Is Backed by Proportionate Amount of Bitcoin
by Samyuktha Sriram
Grayscale shared a document signed by its custodian Coinbase Custody showing that GBTC held 635,235 BTC as of Nov. 18.
SBF-Backed DCCPA Bill Put on Hold Until Next Year
by Samyuktha Sriram
The Digital Commodities Consumer Protection Act (DCCPA) bill has been delayed.
Russia’s Sber Bank Intends to Integrate MetaMask With Blockchain Platform
by Samyuktha Sriram
Russian banking giant Sber plans to be fully compatible with Ethereum’s DeFi ecosystem after its integration with MetaMask.
BNB DeFi Protocol Ankr Confirms $5M Exploit
by Samyuktha Sriram
Ankr, a DeFi protocol built on BNB-Chain, suffered a $5 million exploit on its aBNB token.
On Unchained Premium 💎
ZenGo: A Self-Custodial Wallet Minus the Risk of Losing Your Keys
In Other News…✍️✍️✍️
Politicians are giving back the money donated by Sam Bankman-Fried.
Crypto exchange BitMEX launched a Proof of Liabilities (PoL) system to allow users to verify the liabilities of the company.
Magic Eden, the biggest NFT marketplace on Solana, will release a protocol that allows creators to enforce royalties on new NFT collections.
U.S. Deputy Treasury Secretary Wally Adeyemo urged the US to cooperate with other countries to develop international crypto regulation.
MakerDAO voted in favor of increasing the DAI savings rate from 0.01% to 1%.
Today in Crypto Adoption...
Fintech unicorn Stripe partnered with Web3 companies, including Magic Eden and Audius, to integrate its fiat-to-crypto onramp solution.
Trading volume on decentralized exchanges increased by 93% since last month.
Crown Ribbon brings the horse racing industry to Web3 with NFTs.
The $$$ Corner…
Fleek, a Web3 developer platform, raised $25 million in a Series A funding round led by Polychain Capital.
Cyvers, a cybersecurity startup that works with Web3 firms, closed an $8 million seed round led by Elron Ventures.
What Do You Meme
📈 Your Market Update 📉
BTC is down .77%, trading at $16,975
ETH is down .47%, trading at $1,278
BTC dominance: 36.83%
Crypto market cap: $886 billion
*All data as of today, 5 am ET
Recommended Reads
Sam Bankman-Fried’s interview with New York Magazine's Jen Wieczner:
Garden Intelligence on Uniswap and Metamask's backlash around user tracking
Christopher Robbins on the investment opportunities still available after the fall of FTX:
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