New Criminal Charges for SBF π§ββοΈ
In today's edition: ποΈ New podcast on Hong Kong, Japan and crypto in Asia, π exciting news from Unchained, π» Coinbase's layer 2, and more!
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π Unchained Relaunched π
Huge news βΌοΈ Branching out from just being a podcast, Unchained has launched a new website, complete with more:
ποΈ breaking crypto news,
π¨βπ« educational articles for those just getting started,
π how-to guides (and not just for beginners),
πΊ and videos
Check it out now to find answers to all your crypto questions, and let us know your thoughts!
New Episode Today!
Is Asia Going to Lead the Next Bull Run?
Emily Parker, CoinDeskβs executive director of global content, joins the show to discuss the Asian crypto markets. From Hong Kong to Tokyo, Parker sees bullish signs in recent developments. Hear why she thinks China and Japan are closely watching as the U.S. clamps down on the crypto industry.
Show highlights:
how Hong Kong is trying to create a regulated environment for crypto
whether Beijing and Chinese officials support Hong Kongβs initiativeΒ
what was Chinaβs motivation to make it harder to buy and hold crypto
whether Asian countries will lead the next bull runΒ
what the crypto environment looks like in Japan and how it differs from the U.S.
how Japan responded to major crypto hacks and meltdowns
what Japan is doing in terms of stablecoin regulation and adoption
how Japanese authorities are trying to establish guidelines for DAOs
whether people in Asia have different attitudes and views toward crypto and investing in general
Whatβs Poppinβ?
byΒ Samyuktha Sriram
Coinbase Launches Ethereum Layer 2 Network βBaseβ
Coinbase unveiled its own Layer 2 blockchain that it hopes will be an open ecosystem for developers to onboard the next billion users to web3.
If you are more of a visual person, hereβs a short video explaining what happened:
SBF Set Signal Messages to βAuto-Deleteβ During FTX Unraveling
Prosecutors allege that Sam Bankman-Fried directed employees to use Signal and deleted Slack messages and tweets that could work against him in court.
Platypus DeFi Will Repay 63% of Funds Lost in Exploit
Platypus has confirmed the identity of its hacker and plans to distribute 63% of the $9.1 million worth of stolen assets to affected users.
Crypto Inflows Are Coming In At $4.5B Per Month
Analysts at Glassnode estimate that net inflows into crypto have finally flipped positive after a period of continuous outflows since April 2022.
In Other Newsβ¦βοΈβοΈβοΈ
A class-action lawsuit has been filed against Sequoia Capital, Signature Bank, and others linked to FTX for allegedly knowing about the alleged fraud at the company and not caring about it.
Binance liquidated 500 Australian users' derivative positions due to incorrect labeling as "wholesale investors."
Coinbase launched a free NFT mint to celebrate the testnet launch of its Layer 2 network, Base, and collectors and investors spent $280,000 in transaction fees to mint them.
Dapper Labs reduced its workforce by 20% as part of a βreorganization.β
The International Monetary Fund warned of the potential risks posed by crypto assets and called for a coordinated response among member countries, as it highlighted concerns about financial stability, financial integrity, legal risks, consumer protection and market integrity.
A previously unseen manuscript of the iconic novel "Snow Crash", which coined the term metaverse, will be auctioned online, with an estimated value of $40,000 to $60,000.
Eclipse, a Layer 2 developer, will launch Polygon SVM, a layer 2 blockchain designed for the Polygon network and compatible with Solana.
The Montana State Senate passed a bill protecting crypto miners from discriminatory actions, clarifying tax laws for digital assets used as payment, and limiting local government's power to regulate at-home mining.
Today in Crypto Adoption...
Colombia made history by holding a court hearing within Meta's metaverse, becoming one of the first nations to do so.
Audius, a Web3 music streaming platform, is integrating with TikTok to expand its reach.
The $$$ Cornerβ¦
a16z crypto led a $25.5 million Series A round for Here Not There Labsβ first product, Towns.
Huma Finance, a DeFi startup, raised $8.3 million in a seed funding round.Β
Affine Protocol, a decentralized finance application and protocol, raised $5.1 million in a seed funding round co-led by Hack VC and Jump Crypto.
What Do You Meme?Β
π Your Market Update π
BTC is down 1.59%, trading at $23,874
ETH is down .63%, trading at $1,651
BTC dominance: 40.54%
Crypto market cap: $1.14 trillion
*All data as of today, 5Β am ET
Recommended Reads
francesco on FRAX Financeβs move:
NFTstatistics on Art Blocks:
CoinDesk: Dapper Labs Ruling Could Spell Trouble for Other Centralized NFT Projects, Experts Say
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