⚖️ SBF Convicted on All Charges for Defrauding Customers
In today’s edition: MicroStrategy Adds BTC➕, Aragon Association Unwinds 🧵, Coinbase earnings surpass expectations ✈️ 🧑🏻💻, SOL Token Retreats 📉, and more!
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👨⚖️ Sam Bankman Fried’s Trial Coverage
A Manhattan jury took only a few hours to decide that former FTX founder Sam Bankman-Fried was guilty of defrauding the crypto exchange’s users of billions of dollars.
SBF Found Guilty on All Counts
A Manhattan jury found the former FTX CEO guilty on seven charges of fraud and conspiracy.
On the Pod
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt and Robert Leshner chop it up about the latest news. This week, the gang sits down with guest Nic Carter of Castle Island Ventures, whose tweet thread pushed the Wall Street Journal to correct its story that Hamas had raised tens of millions in crypto. Carter discusses the challenges in tracking how much crypto Hamas has actually received, the declining prospects for Sam Bankman-Fried’s acquittal, and ongoing dramas surrounding staking protocol Lido and decentralized exchange dYdX.
📚 The Cryptopians - Out in Paperback!
Find out the inside story of the rise of Ethereum in Laura’s book, “The Cryptopians.”
What’s Poppin’?
by Brandy Betz and Samyuktha Sriram
MicroStrategy Bought 155 Bitcoins in October for $5.3M
The software firm now has a total of 158,400 Bitcoin purchased for $4.69 billion. August.
Aragon Association Unwinds, Plans to Distribute $155 Million to ANT Holders
The entity behind the Aragon DAO plans to dissolve and return $155 million worth of ANT tokens to holders.
Coinbase Records $674 Million Revenue in Q3 Despite Fall in Trading Volumes
Coinbase reported earnings and revenue ahead of analyst expectations, despite trading volume declining 17% quarter over quarter.
PayPal Received SEC Subpoena Over PYUSD Stablecoin
The payments giant disclosed the Nov. 1 subpoena in a regulatory filing but provided few details.
Daily Bits…✍️✍️✍️
☀️ Solana dropped about 7% over the past 24 hours, but is up more than 27% for the week to outperform all major altcoins.
🐒 The total stablecoin supply has climbed, indicating that crypto inflows are rising, according to The Block’s data dashboard.
👀 Despite an ongoing debate discrediting the volume of crypto funding support for terrorists, the ranking Democrat at a hearing in the U.S. House of Representatives quoted a figure of $130 million in digital assets flowing to these groups.
🚔 Federal law enforcement authorities seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring who used various wallets to try to launder money from drug trafficking proceeds.
🌊 The surge in bitcoin and other crypto prices has added $300 billion to the digital asset market’s overall market capitalization in a month.
Today in Crypto Adoption...
🇦🇪 Abu Dhabi has taken initial steps to legalize the operations of decentralized entities, unveiling a new regulatory framework for decentralized autonomous organizations (DAOs) and other entities built on distributed ledger technology (DLT).
The $$$ Corner…
💲Toposware, a research and engineering company focused on zero knowledge technology, closed a $5 million strategic seed extension round led by Evolution Equity Partners and participation from Triatomic Capital, K2 Access Fund and Polygon's founder and Chairman Sandeep Nailwal, among others.
💰 Gamified Web3 exploration platform Intract raised $3 million in a seed funding round from Tokentus Investment AG, Alpha Wave Global and Polyon, among other investors.
What Do You Meme?
Recommended Reads
Kathryn Haun, CEO of Haun Ventures, on SBF’s likely prison sentence
CoinDesk: The Other FTX Case
📈 Your Market Update 📉
BTC is down 3.2%, trading at $34,272
ETH is down 2.3%, trading at $1,792
BTC dominance: 50.7%
Crypto market cap: $1.32T
*All data as of today, 05:45 am ET
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