Who's Really Behind FTX's Shady Deals? 🤫
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Who's Really Behind FTX's Shady Deals? 🤫
Also today: 🚩 Optimism's $157M token sale, 🙄 Mt. Gox delays again, 🤑 PayPal's stablecoin on Bybit, and more!
Dive into Overtime, explore your onchain web3 sportsbook. 40+ leagues. Token rewards. Smart contract security. Join thousands and get in the game today.
Stablecoin Studio: The All-in-One Toolkit built on Hedera that makes stablecoin application development easy with dedicated proof-of-reserve, seamless integration with custodians, and KYC/AML account flagging.
What’s Poppin’?
New Suit Claims That FTX Kept Its Fraud All in the Family
As Sam Bankman-Fried prepares for his day in court, a new suit filed Monday suggests that his parents encouraged – and even actively organized – fraudulent activity at FTX.
Optimism Sells $157 Million in OP Tokens in Private Sale
The foundation behind the Layer 2 blockchain said the sale of 116 million OP tokens was for “treasury management purposes.”
Mt. Gox Trustee Moves Repayment Deadline to October 2024
The Trustee for the defunct crypto exchange had delayed the deadline for repayments by one year.
PayPal Stablecoin Trading Goes Live on Bybit
The US dollar-pegged stablecoin PayPal USD, launched last month, is now listed and available for spot trading on the Dubai-based exchange.
On the Pod…
This week, Haseeb Qureshi and Tom Schmidt speak to Will Warren, cofounder of 0x Labs, to discuss why the CFTC issued them a Wells Notice, how they responded to regulatory scrutiny, and how other countries may offer a blueprint for crypto regulation.
Daily Bits…✍️✍️✍️
📢 GOP presidential contender Vivek Ramaswamy plans to unveil an extensive crypto policy framework by Thanksgiving, highlighting blockchain's potential and criticizing regulatory bodies.
🚨 Hong Kong authorities blocked JPEX's online platforms and detained 11 individuals in connection with an alleged fraud investigation involving the crypto exchange.
🗣️ Maxine Waters criticized the "anti-innovation stance" of Republicans, pointing to their opposition to a potential Federal Reserve-issued central bank digital currency.
🔒 Coinbase's Base Layer 2 unveiled Pessimism, a system designed to enhance security in the Optimism ecosystem by identifying threats and vulnerabilities in OP Stack-based networks and other EVM compatible chains.
🔗 dYdX collaborated with Axelar to facilitate seamless onboarding to its new version featuring a Cosmos ecosystem appchain, utilizing Squid for cross-chain transactions.
Today in Crypto Adoption...
🛒 Walmart aims to blend physical and virtual shopping experiences, allowing customers to acquire real versions of products available in their House Flip virtual environment.
The $$$ Corner…
💼 UAE's Fuze, a crypto firm from the Hub71 ecosystem, garnered $14 million in funding to enhance its digital assets infrastructure, led by Further Ventures and Liberty City Ventures.
📊 CoinScan, supported by major DraftKings shareholder Shalom Meckenzie, secured $6.3 million to offer data that mitigates crypto losses from scams and hacks.
🌐 VC firm a16z crypto spearheaded a $3.6 million seed funding round for Freatic, aiming to develop a decentralized information markets protocol leveraging cryptography and game theory.
What Do You Meme?
Recommended Reads
📈 Your Market Update 📉
Bitcoin Held Near $27K as Fed Left Interest Rate Unchanged - But Then It Plunged
Crypto market observers had widely expected the U.S. central bank not to raise the interest rate and that digital asset prices would not move much.
BTC is down 1.3%, trading at $26,741
ETH is down 2.1%, trading at $1,596
BTC dominance: 47.54%
Crypto market cap: $1.11 trillion
*All data as of today, 7:10 am ET
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