Did SBF Kill Terra? 💣
In today's edition: Market manipulation allegations against SBF, Maxine Water's comments, Celsius to return millions to customers, Binance's Bitcoin reserves, and more...
On the Pod…
Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It?
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What’s Poppin’?
Regulators Investigate Sam Bankman-Fried for Terra-Related Market Manipulation
by Samyuktha Sriram
Former FTX CEO Sam Bankman-Fried is the subject of a market manipulation inquiry related to the collapse of the Terra ecosystem.
Maxine Waters: Subpoena for SBF ‘Definitely on the Table’
by Samyuktha Sriram
House Financial Services Committee Chair Maxine Waters said that former FTX CEO Sam Bankman-Fried will definitely be subpoenaed if he doesn’t testify voluntarily, despite reports suggesting otherwise.
Celsius Judge Orders Crypto Lender to Return $44M in Funds Untainted by Yield Accounts
by Samyuktha Sriram
Martin Glenn, the judge overseeing Celsius’s bankruptcy proceedings, has ordered the firm to return $44 million worth of crypto to customers.
Audit Firm Confirms Binance’s Bitcoin Reserves Are 100% Backed
by Samyuktha Sriram
International audit firm Mazars has confirmed that crypto exchange Binance’s Bitcoin holdings are fully backed.
Paradigm’s Major New Ethereum Client Copy-Pasted Code, Says Akula Creator
by Samyuktha Sriram
Crypto venture firm Paradigm has been accused of copying the code for its new Rust-based Ethereum client Reth.
What else can happen in crypto in 2022? 😱
Two more livestreams of The Chopping Block this year. Watch live on Wednesday 12/14 on YouTube.
In Other News…✍️✍️✍️
FTX has hired a team of forensic investigators from AlixPartners to investigate the missing billions of dollars that have disappeared from the cryptocurrency exchange.
Genesis interim CEO Derar Islim said the freeze on client withdrawals may take weeks to resolve.
The class-action lawsuit against EthereumMax founders and celebrity promoters like Kim Kardashian and boxer Floyd Mayweather Jr. was dismissed by a federal judge.
Canadian pension fund CPP Investments ended a research effort to study investment opportunities in crypto.
SEC Chairman Gary Gensler said the agency has the authority to regulate cryptocurrencies.
A Solana developer discovered that NFTs minted on FTX are broken.
Coinbase CEO Brian Armstrong said the crypto exchange's revenue this year will likely be 50 percent less than in 2021.
Gnosis, a privacy-focused sidechain on Ethereum, will go through its own ‘Merge’ as it replaces proof of authority with proof of stake.
Republican Rep. Madison Cawthorn was fined for promoting a cryptocurrency in which he had invested $150,000.
Binance.US has eliminated fees on spot ETH trading and simplified its fee model.
A new decentralized autonomous organization, or DAO, is raising funds to try and buy a copy of the US Constitution, echoing a previous failed attempt by another DAO last year.
Investment banking company Raymond James has downgraded the stock of crypto bank Signature Bank after Morgan Stanley’s similar move earlier this week.
The Central Bank of Spain is planning a CBDC project to test in the country.
Nigeria wants to push CBDC adoption by limiting cash withdrawals to $45 a day.
Today in Crypto Adoption...
Classic Windows media player Winamp integrated music NFTs into its platform.
DEX platform Hashflow partnered with crypto bridge service Wormhole to enable cheaper cross-chain swaps.
The $$$ Corner…
Gate.io launched a $100 million industry liquidity support fund.
Polychain Capital and Variant co-led a $12 million seed funding round for Perennial, a DeFi protocol for derivatives trading.
Game development platform The Mirror raised $2.3 million in a pre-seed funding round.
Crypto infrastructure firm Blockstream is looking to raise funds at a significantly lower valuation than its last round.
What Do You Meme
📈 Your Market Update 📉
BTC is up .05%, trading at $16,816
ETH is up .35%, trading at $1,230
BTC dominance: 37.1%
Crypto market cap: $872 billion
*All data as of today, 5 am ET
Recommended Reads
Maya on crypto regulation:
There’s this new school of thought that think crypto has a vested interest in portraying SBF as the Mai nefarious villain in this bubble, that’s just not true FTX’s cancerous operation lifts the veil of the mutated crypto regulatory reality that’s been morphed by regulations.David Solomon, CEO of Goldman Sachs, on blockchains:
Fantom Intern on the Fantom Virtual Machine:
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