On the Pod…
What’s Poppin’?
Former FTX CEO Sam Bankman-Fried said he believes FTT had real value and has more value than other tokens with sizeable market capitalizations.
Serum, a decentralized exchange built on Solana, said that its mainnet program has become defunct after the collapse of FTX and Alameda Research.
Phantom, the largest self-custody wallet on Solana, is expanding to Ethereum and Polygon.
On-chain sleuths discovered that the FTX exploiter sent $4.1 million worth of crypto to the OKX exchange.
Coinbase’s crypto wallet will no longer support four major cryptocurrencies beginning next year.
Got crypto questions you still need answers to?
Tune in to Laura's chat with TED's Simone Ross at 1:30pm ET/10:30am PT!
More FTX fallout. The end of Serum, BlockFi's Chapter 11, Binance's recovery fund, and more... Join The Chopping Block's live stream on YouTube at 6pm ET/3pm PT!
In Other News…✍️✍️✍️
Digital Currency Group (DCG)-owned crypto media outlet CoinDesk has received multiple bids.
LedgerX, FTX Group's solvent subsidiary included in the bankruptcy filings will contribute $175 million for use in bankruptcy proceedings.
First-day bankruptcy hearing: FTX and Alameda owe BlockFi over $1 billion.
The Seoul Southern District Prosecutors Office is reportedly seeking an arrest warrant for Terraform Labs cofounder Daniel Shin.
Creditors of Genesis are pursuing options in order to prevent bankruptcy filing.
Former Texas Democratic gubernatorial candidate Beto O’Rourke returned a $1 million donation from Sam Bankman-Fried four days before the November election.
Mexican crypto exchange Bitso laid off an unspecified number of workers as part of a “strategic restructuring.”
Today in Crypto Adoption...
NFT marketplace OpenSea supports digital assets built on the BNB Chain blockchain.
Mobile game maker Aeria Canada Studio announced a partnership with Ready Games to migrate its most popular mobile titles to Web3.
France and Luxembourg used an experimental central bank digital currency (CBDC) to settle a bond worth 100 million euros.
The $$$ Corner…
Web3 gaming and software giant Animoca Brands plans to set up a $2 billion fund to invest in the metaverse.
Gaming studio Roboto Games garnered $15 million in a Series A round led by a16z.
Burn Ghost, a gaming startup focused on casual games that reward NFT prizes to players, raised $3.1 million in funding.
What Do You Meme
📈 Your Market Update 📉
BTC is up 2.25%, trading at $16,874
ETH is up 4.16%, trading at $1,265
BTC dominance: 36.92%
Crypto market cap: $878 billion
*All data as of today, 5 am ET
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