Prosecutors agreed to try Sam Bankman-Fried on the eight charges from the original indictment after a Bahamas court blocked the additional charges from being included.
Creditors of bankrupt crypto lender Voyager will have a 30-day window to withdraw a portion of their claims.
On the Pod…
Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner, chop it up about the latest crypto news.
In this episode, they discuss the release of emails around Hinman's 2018 speech saying ETH was not presently a security, give the skinny on a drama in Solana over whether to fork to cut off Alameda’s SOL, and cover how Binance.US is dealing with a move to freeze its assets. Moreover, the group kicks off with a brief history lesson on the infamous PEPE meme, and gives their analysis on Uniswap’s V4 and how it will change the nature of the most popular dex.
📑 After the Fahrenheit consortium's successful bid for assets, defunct crypto lender Celsius submitted an updated bankruptcy plan.
⚖️ The bankrupt estate of Three Arrows Capital (3AC) is seeking a $10,000 per day fine and a contempt of court ruling against founder Kyle Davies for his alleged failure to comply with a subpoena related to the hedge fund's collapse.
🏛️ Miami Mayor Francis Suarez, a prominent Bitcoin advocate who takes his salary in the cryptocurrency, has officially entered the 2024 presidential race as a Republican candidate.
📝 Coinbase sent a letter to the U.S. Securities and Exchange Commission, stating that it's not feasible to regulate decentralized exchanges (DEXs) in the same manner as centralized ones.
🗳️ Decentralized finance platform MakerDAO's community is voting on reducing the amount of Gemini's GUSD stablecoin in its DAI stablecoin reserve, potentially impacting around 88% of the total GUSD circulating supply.
🔒 Floating Point Group, a crypto institutional trading desk, reported a cyber attack leading to a loss between $15 million and $20 million.
🐒 The monthly salary of $20,833 for ApeCoin DAO's Special Council members has incited debates among ApeCoin holders, despite the organization's intent to ensure smooth governance.
🍎 Apple rejected the non-custodial Lightning-enabled Bitcoin wallet Zeus, citing a lack of necessary licenses and permissions, a day after a dispute with the Lightning-enabled Bitcoin app Damus.
💻💸 Trading firm Hashflow is experiencing a continuous exploit, resulting in the loss of over $600,000 in ether (ETH) and arbitrum (ARB).
Today in Crypto Adoption...
🚀 EigenLayer, a re-staking protocol, initiated operations on Ethereum with an initial limit of 9,600 liquid staking tokens, approximately worth $16.7 million.
The $$$ Corner…
💰 Bit2Me, a Spanish crypto exchange, closed a $15 million funding round led by Investcorp, with participation from Telefónica Ventures, Stratminds VC, Cardano, and YGG Fund.
🔄 Connext Labs, a protocol focused on building a communication layer across different blockchain networks, secured $7.5 million in funding, raising its valuation to $250 million.
👥 Bitcoin nonprofit Brink received a $5 million grant from Jack Dorsey's Smart Small funding initiative, intended to support independent Bitcoin developers over the next five years.
🎙️ Behind-the-scenes interviews, in which I talk with crypto experts and entrepreneurs to learn all about the latest developments in the industry.
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