Mom and Dad in the Crosshairs 🎯 Will SBF Be Mad?
Also today: 🚫SEC's attempt to probe Binance.US, 🚔 Hong Kong police crack down on JPEX, 📈 Will the BTC uptrend last?, and more!
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The FTX bankruptcy estate seeks to recover millions of dollars’ worth of funds from the former CEO’s parents.
A federal magistrate judge asked the SEC to narrow its request for information, denying a motion for the securities regulator to inspect Binance.US’ software.
The trading platform said Monday that it was halting some trading amid a wider probe into whether the firm had misled the city’s public about its licensing and other issues.
The largest cryptocurrency by market capitalization has risen more than 7% over the past week amid encouraging economic news from China and the reduced likelihood of an interest rate hike later this week. But one analyst doubts the rally’s staying power.
On the Pod…
Zeke Faux, author of 'Number Go Up,' shares his findings after making a deep dive into the world of crypto.
From skepticism to a full-blown investigation, Faux recounts his journey that led him to the heart of crypto, meeting some of the most eccentric characters in the industry. As a Bloomberg investigative reporter, Faux brings a critical eye to the crypto sphere, unearthing the bizarre, the risky, and the downright facets of what the crypto community calls a financial revolution.
🏛️ New York's financial regulator proposed stricter guidelines for cryptocurrency listings, focusing on technology, market, and regulatory risk assessments.
🎨 Over 70% of ApeCoin DAO members backed proposal AIP-297, co-authored by Yat Siu, to create a sister DAO and NFT community treasury for influential NFT acquisitions.
🛠 Layer 1 blockchain network Canto plans to transition to an Ethereum Layer 2, utilizing the Polygon Chain Development Kit (CDK) for a network emphasizing the integration of real-world assets.
💰 Optimism announced a $26 million airdrop, distributing 19.4 million OP tokens to 31,870 addresses as a part of their engagement and reward strategy.
Today in Crypto Adoption...
📈 Citigroup initiated Citi Token Services, using a proprietary blockchain and smart contracts for quick, global institutional clients' funds transfers.
🔒 Zodia Custody collaborated with OpenEden to facilitate yield on institutional clients' crypto assets, merging traditional finance benefits with digital assets safely and in regulatory compliance.
The $$$ Corner…
📈 Blockchain Capital secured $580 million in funding, earmarked for new and late-stage crypto ventures, from a variety of institutional investors.
🌐 Oak Grove Ventures, with a team of well-known crypto and fintech alumni, launched a $60 million fund targeting Web3, AI, and biotech sectors in Singapore.
💼 Web3 startup Bastion, co-founded by ex-a16z crypto executives, garnered $25 million in seed funding to facilitate firms adopting blockchain technology.
💹 Bubblemaps closed a $3.2 million seed funding round from INCE Capital and others to enhance blockchain data visualization and expedite its growth plans.
What Do You Meme?
Ethereum NFT trading volumes hit new lows…
📈 Your Market Update 📉
BTC is up 1.6%, trading at $27,306
ETH is up .9%, trading at $1,653
BTC dominance: 47.42%
Crypto market cap: $1.12 trillion
*All data as of today, 6:00 am ET
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