‘Not Guilty, Your Honor’? 🙎🏻♂️
In today's edition: SBF's possible plea, Valkyrie's new proposal, BlackRock's bailout, and more!
On the Pod…
Why Martin Shkreli Thinks SBF's New Judge Could Still Be Lenient
Martin Shkreli, entrepreneur, investor and convicted white-collar criminal, talks about the new judge assigned to the case against Sam Bankman-Fried, whether Sam’s going to plead guilty or not, and the potential involvement of his family in the lawsuit.
What’s Poppin’?
SBF Plans to Plead ‘Not Guilty’ to Fraud Charges: Report
by Samyuktha Sriram
Former FTX CEO Sam Bankman-Fried will be pleading not guilty at his arraignment on Jan. 3, according to a report from The Wall Street Journal.
Valkyrie Proposes Becoming GBTC’s Sponsor and Manager
by Samyuktha Sriram
Valkyrie Investments has proposed taking over as Grayscale Bitcoin Trust’s sponsor and manager, saying recent events “call for a change.”
BlackRock Lends Bankrupt Bitcoin Miner Core Scientific $17M
by Samyuktha Sriram
BlackRock, Core Scientific’s largest shareholder, has given the bankrupt crypto firm a $17 million loan.
In Other News…✍️✍️✍️
The Committee on Foreign Investment in the United States (CFIUS) plans to review deals by bankrupt crypto lender Voyager, which has agreed to be purchased by Binance.US, to ensure they do not pose a national security risk.
Debtors of FTX will request the return of seized assets worth $440 million from the Bahamas Monetary Authority as part of bankruptcy proceedings.
Bitcoin core developer Luke Dash, Jr. lost over 200 BTC, worth $3.3 million, after his Pretty Good Privacy (PGP) keys were compromised.
Animoca Brands received an extension to file its financial results with Australian regulators.
Bitcoin mining hardware company Compass Mining won a $1.5 million judgment in a legal dispute with hosting provider Dynamics Mining over unpaid utility and hosting bills.
Today in Crypto Adoption...
The UK is implementing a tax exemption for foreign investors buying crypto through local investment managers or brokers as part of its plans to become a crypto hub.
What Do You Meme
📈 Your Market Update 📉
BTC is up 1.21%, trading at $16,722
ETH is up 1.61%, trading at $1,217
BTC dominance: 38.46%
Crypto market cap: $837 billion
*All data as of today, 5 am ET
Recommended Reads
How Not to Play the Game, by Bloomberg’s Matt Levine.
Ram Ahluwalia on GBTC, Fir Tree, and Valkyrie:
Jared Grey on SushiSwap’s tokenomics redesign:
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