Capitulation Sign? 🧐

Plus: Bahamas regulators' defense, the supply of BTC on exchanges, Putin's proposal, Coinsquare's data breach and more... 🗞️

November 28, 2022

On the Pod…

What’s Poppin’?

The amount of Bitcoin held on exchanges has fallen under 7% for the first time since November 2018.

Research from Arkham shows that Alameda Research withdrew the most funds from FTX US in the days leading up to its collapse.

The Bahamas Attorney General Ryan Pinder defended the actions of the country’s regulators following FTX’s insolvency.

Russian President Vladimir Putin has called for a new system of international settlements based on blockchain and digital currencies.

Canadian crypto exchange Coinsquare suffered a data breach, but assets and customer funds are safe.

Forward to your crypto-curious friends!

Laura joins TED's Simone Ross for a live conversation about all things crypto.

What will the guys on The Chopping Block discuss this week? Tune in Wednesday on YouTube to find out!

In Other News…✍️✍️✍️

  • The Alabama Securities Commission and other states are investigating Genesis Global Capital.

  • Binance delisted three trading pairs of Serum, a token tied to FTX. 

  • Tiantian Kullander, cofounder of Amber Group, died in his sleep.

  • Cryptocurrency-related fraud in the United Kingdom rose by 32% in one year, according to a report by the Financial Times.

  • Binance released its proof-of-reserves system, which started with BTC.

Today in Crypto Adoption...

  • Ripio, a crypto exchange based in Argentina, expands its operations into the United States.

The $$$ Corner…

  • Institutional staking platform Kiln raised $17.6 million in an equity round led by Illuminate Financial. . 

  • XDao, a multichain DAO builder, closed a $2.3 million seed round at a $50 million valuation.

What Do You Meme

📈 Your Market Update 📉

  • BTC is down 1.96%, trading at $16,201

  • ETH is down 3.13%, trading at $1,170

  • BTC dominance: 36.67%

  • Crypto market cap: $848 billion

*All data as of today, 5 am ET

Recommended Reads

  1. ‘White Man’ by Arthur Hayes:

  2. Rohit Krishnan on VCs

  3. korpi on LUSD:

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