⛔ More Fraud Charges! 🧑⚖️
In today's edition: 🧑⚖️ New charges for FTX director, Ethereum 💙 Shanghai, 📉 WBTC, and more!
From our sponsor
Unchained Daily is brought to you by ICON.
Bringing next-gen interoperability to multiple cross-chain protocols.
What are ICON's BTP and xCall service?
🎆 Unchained Relaunched: Guides ✍️🤓
How to Stake Ethereum With Liquid Staking
by Fateh Mann
Discover the easy and secure way to stake Ethereum and earn rewards while supporting the network's security.
ICYMI: Tether, the Multibillion-Dollar Stablecoin at the Heart of the Crypto Ecosystem
by Lipsa Das
Decentralized exchanges—DEXes—are catching up with their centralized counterparts. How do these self-governing marketplaces work?
On the Podcast…
Have Crypto Detectives Killed the Cypherpunk Dream?
🗻 ETH Denver: Coming!
What’s Poppin’?
by Samyuktha Sriram
FTX’s Nishad Singh Charged With Fraud After Guilty Plea
The SEC and CFTC have laid a series of charges against the former director of engineering at FTX, Nishad Singh, after he pleaded guilty to six counts of fraud and conspiracy in a federal court on Tuesday.
Ethereum’s Sepolia Testnet Upgrades to Shapella
Ethereum testnet Sepolia has successfully implemented the Shapella upgrade, enabling validator withdrawals from the Beacon Chain.
OKX to Airdrop $3M USDT After CELT Market Manipulation
OKX has frozen five accounts associated with manipulating the price of CELT, and plans to compensate users with an airdrop of $3 million in USDT.
Wrapped Bitcoin Supply Falls After Celsius Redeems $270M
Celsius has burned 11,500 WBTC worth $270 million, taking the tokenized asset’s supply to a 22-month low.
In Other News…✍️✍️✍️
Reuters reported that Mastercard and Visa have temporarily delayed their plans to integrate with crypto but the head of crypto at Visa called it “inaccurate.”
MyAlgo, an Algorand-based wallet, advised users to withdraw funds from mnemonic wallets after an attack caused a theft of approximately $9.2 million.
The Ohio Division of Securities joined a $22.5 million settlement against Nexo (disclosure: a former sponsor) for the company's Earn Interest Product (EIP) after an investigation by state securities regulators, North American Securities Administrators Association, and SEC.
Today in Crypto Adoption...
The French National Assembly approved a set of regulations for cryptocurrency companies in the country, which align with European Union standards, as part of a larger bill.
The $$$ Corner…
Avalon Corp, a Web3 gaming company formed by video game industry veterans, raised $13 million in funding in a round led by Bitkraft Ventures.
Crypto wallet startup ZenGo is seeking $10 million in a Series A extension round through convertible notes at a valuation of $100 million.
Ether.Fi, a liquid staking protocol, garnered $5.3 million in a round led by North Island Ventures and Chapter One.
Electric Capital led a $2.5 million funding round for Term Labs to bring its fixed-rate DeFi offering to market.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 2.53%, trading at $23,770
ETH is down 2.15%, trading at $1,653
BTC dominance: 40.71%
Crypto market cap: $1.13 trillion
*All data as of today, 5 am ET
Recommended Reads
Christine Kim from Galaxy on zkEVMs
Decentralised.co on creator economy in gaming:
⛓️ 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!
📰 Transcripts of all the shows, for subscribers only.
If you liked what you read:
👍 follow Laura on Twitter, Facebook, Instagram, TikTok, Mastodon and/or LinkedIn
🎧 subscribe to Unchained on YouTube, Apple Podcasts, Spotify, Google Podcasts, Pandora or wherever you get your podcasts
👯♀️ share Unchained with a friend
and/or 📚buy my book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze