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Stanford University Goes Full Ex-Girlfriend on FTX's Millions 💲
Also today: 🚨Balancer website compromised, 🎯 Tough times ahead for exchanges and DeFi projects?, and more!
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The university plans to return the entirety of the funds it received from the bankrupt crypto exchange.
David Hirsch, head of the SEC’s Crypto Assets and Cyber Unit, said the agency is keeping an eye on other businesses operating similarly to Coinbase and Binance.
Last month, the protocol urged users to withdraw their funds after discovering a critical security vulnerability.
On the Pod…
Zeke Faux, author of 'Number Go Up,' shares his findings after making a deep dive into the world of crypto.
From skepticism to a full-blown investigation, Faux recounts his journey that led him to the heart of crypto, meeting some of the most eccentric characters in the industry. As a Bloomberg investigative reporter, Faux brings a critical eye to the crypto sphere, unearthing the bizarre, the risky, and the downright facets of what the crypto community calls a financial revolution.
👨👩👦 A court filing in FTX's bankruptcy case hinted at familial disputes over compensation, with Joe Bankman, Sam Bankman-Fried's father, reportedly involving his spouse in negotiations for higher remuneration from the crypto firm.
📅 An appeal court delayed a decision on Sam Bankman-Fried's request for pre-trial release on federal fraud charges.
📜 Binance CEO Changpeng "CZ" Zhao refuted the U.S. SEC's claims that Binance.US utilized the contentious unit Ceffu for handling customer assets, denouncing the allegations as fabricated on X.
📉 Following its August bankruptcy, Prime Trust disclosed that it may lay off 62 employees within the coming two months, marking another reduction in its workforce.
⚖️ A UK judge mandated the anonymous operator of Bitcoin.org, Cøbra, to reveal their identity to contest $700,000 legal fees levied by Craig Wright.
🌍 Binance experienced a 57% decline in Bitcoin trading volume amidst increasing legal and regulatory pressures, while rival Coinbase saw a 9% rise in trading activities this month, reports K33 Research.
📰 Grayscale Investments proposed a new ETF tracking ether futures, following recent progress in their bitcoin ETF application with the SEC.
The $$$ Corner…
📈 Oak Grove Ventures accumulated $60 million in initial funding to concentrate on Web3, AI, and biotech sectors amid a crypto bear market.
🔗 Jiritsu garnered $10.2 million in funds to enhance verifiable computing solutions, introducing the Tomei RWA, an asset tokenization platform.
What Do You Meme?
The Blind Men and the Coin by Boaz Sobrado
Unchained: CeFi vs. DeFi: What Is the Difference?
📈 Your Market Update 📉
The U.S. central bank is expected to leave the Federal funds rate unchanged on Wednesday but may indicate that it is going to raise rates again later this year.
BTC is down .5%, trading at $27,039
ETH is down 1.3%, trading at $1,626
BTC dominance: 47.44%
Crypto market cap: $1.11 trillion
*All data as of today, 6:45 am ET
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