He Dared to Say What?! 😯
SBF's interview, Serum becomes defunct, Phantom expands services, Coinbase delists classic tokens, BlockFi's first day hearing, and more...
On the Pod…
'The Last Big Whale': Why the Crypto Contagion of 2022 Eventually Hit Genesis
What’s Poppin’?
Sam Bankman-Fried: FTT Is More Legit Than Most Tokens
by Samyuktha Sriram
Former FTX CEO Sam Bankman-Fried said he believes FTT had real value and has more value than other tokens with sizeable market capitalizations.
Solana-Based Serum Addresses Its Uncertain Future as Volume Drops to ‘Near-Zero’
by Samyuktha Sriram
Serum, a decentralized exchange built on Solana, said that its mainnet program has become defunct after the collapse of FTX and Alameda Research.
Solana’s Largest Wallet Phantom Expands to Ethereum and Polygon
by Samyuktha Sriram
Phantom, the largest self-custody wallet on Solana, is expanding to Ethereum and Polygon.
FTX Hacker Sent $4M to Crypto Exchange OKX
by Samyuktha Sriram
On-chain sleuths discovered that the FTX exploiter sent $4.1 million worth of crypto to the OKX exchange.
Coinbase Wallet Drops BCH, ETC, XLM and XRP Due to ‘Low Usage’
by Samyuktha Sriram
Coinbase’s crypto wallet will no longer support four major cryptocurrencies beginning next year.
Got crypto questions you still need answers to?
Tune in to Laura's chat with TED's Simone Ross at 1:30pm ET/10:30am PT!
More FTX fallout. The end of Serum, BlockFi's Chapter 11, Binance's recovery fund, and more... Join The Chopping Block's live stream on YouTube at 6pm ET/3pm PT!
In Other News…✍️✍️✍️
Digital Currency Group (DCG)-owned crypto media outlet CoinDesk has received multiple bids.
LedgerX, FTX Group's solvent subsidiary included in the bankruptcy filings will contribute $175 million for use in bankruptcy proceedings.
First-day bankruptcy hearing: FTX and Alameda owe BlockFi over $1 billion.
The Seoul Southern District Prosecutors Office is reportedly seeking an arrest warrant for Terraform Labs cofounder Daniel Shin.
Creditors of Genesis are pursuing options in order to prevent bankruptcy filing.
Former Texas Democratic gubernatorial candidate Beto O’Rourke returned a $1 million donation from Sam Bankman-Fried four days before the November election.
Mexican crypto exchange Bitso laid off an unspecified number of workers as part of a “strategic restructuring.”
Today in Crypto Adoption...
NFT marketplace OpenSea supports digital assets built on the BNB Chain blockchain.
Mobile game maker Aeria Canada Studio announced a partnership with Ready Games to migrate its most popular mobile titles to Web3.
France and Luxembourg used an experimental central bank digital currency (CBDC) to settle a bond worth 100 million euros.
The $$$ Corner…
Web3 gaming and software giant Animoca Brands plans to set up a $2 billion fund to invest in the metaverse.
Gaming studio Roboto Games garnered $15 million in a Series A round led by a16z.
Burn Ghost, a gaming startup focused on casual games that reward NFT prizes to players, raised $3.1 million in funding.
What Do You Meme
📈 Your Market Update 📉
BTC is up 2.25%, trading at $16,874
ETH is up 4.16%, trading at $1,265
BTC dominance: 36.92%
Crypto market cap: $878 billion
*All data as of today, 5 am ET
Recommended Reads
Musicben.eth on music NFTs:
Cumberland on catalysts:
Sanjay Shah on Celestia:
⛓️ Join Unchained Premium to get access to:
Behind-the-scenes interviews, in which I talk with crypto experts and entrepreneurs to learn all about the latest developments in the industry.
A subscriber-only Telegram group, where you can talk with the other members of the Unchained community, build a network in crypto, and talk directly with me and the Unchained team!
And now, a new offering: transcripts of all the shows, for subscribers only.
If you liked what you read:
👍 follow me on Facebook, Instagram, Twitter, LinkedIn and/or Medium
🎧 subscribe to Unchained on YouTube, Apple Podcasts, Spotify, Google Podcasts, Pandora or wherever you get your podcasts
and/or 📚buy my book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze