Worst Portfolio Ever? 📉
In today's edition: Sam Bankman-Fried's new lawyer, ConsenSys updated terms, LINK staking goes live, xSushi fees, and more...
On the Pod…
Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It?
What’s Poppin’?
Sam Bankman-Fried Hires Ghislaine Maxwell’s Defense Lawyer: Report
by Samyuktha Sriram
Former FTX CEO Sam Bankman-Fried has hired Jeffrey Epstein associate Maxwell’s defense lawyer Mark Cohen to represent him.
ConsenSys to Update MetaMask Data Tracking Policy After Privacy Debacle
by Samyuktha Sriram
MetaMask owner ConsenSys clarified that the flagship wallet’s controversial data tracking would be limited over the coming months.
Blockchain Oracle Chainlink Launches LINK Token Staking
by Samyuktha Sriram
The hugely popular oracle network Chainlink has introduced a way to stake its native token.
SushiSwap Votes to Redirect All xSUSHI Fees to Treasury
by Samyuktha Sriram
SushiSwap’s CEO Jared Grey has controversially proposed diverting 100% of fees paid to xSUSHI stakers to the decentralized exchange’s Treasury.
Set your calendars for the next livestream of The Chopping Block! Tune in Wednesday 12/14 on YouTube.
In Other News…✍️✍️✍️
The Financial Times revealed the venture capital portfolio of Alameda Research.
Signature Bank will reduce its deposits tied to cryptocurrencies by as much as $10 billion.
Taylor Swift reportedly rejected a $100 million sponsorship deal with FTX.
Despite layoffs and insolvency rumors, Amber Group says it’s “business as usual.”
Hedge fund Fir Tree Capital Management is suing Grayscale Investments in order to obtain information about “potential mismanagement and conflicts of interest” at the investment firm.
Three US Senators are looking into crypto bank Silvergate’s ‘egregious failure’ on FTX.
It’s come to light that Nishad Singh, FTX’s former director of engineering, donated over $13 million to the Democratic Party from the start of the 2020 presidential election.
Apecoin (APE) holders are losing their staked coins after selling Bored Ape NFTs.
The judge overseeing the bankruptcy case of Three Arrows Capital has approved subpoenaing the company’s cofounders Su Zhu and Kyle Davies.
Crypto venture capital firm Andreessen Horowitz has hired former CFTC Commissioner Brian Quintenz as head of policy.
Today in Crypto Adoption...
Warner Music Group partnered with Polygon to release music NFTs through Polygon’s upcoming marketplace LGND Music.
Web3 developer platform Alchemy wants to build a decentralized application store.
Nike unveiled its web3 sneakers with the help of RTFKT, the digital fashion and collectibles firm owned by the sports company.
The $$$ Corner…
Hack VC and Blockchain Capital led a $15 million Series A round for Bitwave, a crypto accounting, tax and compliance platform.
East African Bitcoin miner Gridless raised $2 million in a round co-led by Jack Dorsey’s Block and Stillmark.
What Do You Meme
📈 Your Market Update 📉
BTC is down 1.11%, trading at $16,829
ETH is down 2.18%, trading at $1,229
BTC dominance: 37.19%
Crypto market cap: $870 billion
*All data as of today, 5 am ET
Recommended Reads
CNCB’s MacKenzie Sigalos and Rohan Goswami on why SBF could go to prison:
CryptoDoctor on MEV:
CoinDesk’s Preston Byrne on ICOs and the SEC:
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