⛔ More Fraud Charges! 🧑‍⚖️

In today's edition: 🧑‍⚖️ New charges for FTX director, Ethereum 💙 Shanghai, 📉 WBTC, and more!

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🎆 Unchained Relaunched: Guides ✍️🤓

by Fateh Mann

Discover the easy and secure way to stake Ethereum and earn rewards while supporting the network's security.

by Lipsa Das

Decentralized exchanges—DEXes—are catching up with their centralized counterparts. How do these self-governing marketplaces work?

On the Podcast…

🗻 ETH Denver: Coming!

What’s Poppin’?

The SEC and CFTC have laid a series of charges against the former director of engineering at FTX, Nishad Singh, after he pleaded guilty to six counts of fraud and conspiracy in a federal court on Tuesday.

Ethereum testnet Sepolia has successfully implemented the Shapella upgrade, enabling validator withdrawals from the Beacon Chain.

OKX has frozen five accounts associated with manipulating the price of CELT, and plans to compensate users with an airdrop of $3 million in USDT.

Celsius has burned 11,500 WBTC worth $270 million, taking the tokenized asset’s supply to a 22-month low.

In Other News…✍️✍️✍️

  • Reuters reported that Mastercard and Visa have temporarily delayed their plans to integrate with crypto but the head of crypto at Visa called it “inaccurate.” 

  • MyAlgo, an Algorand-based wallet, advised users to withdraw funds from mnemonic wallets after an attack caused a theft of approximately $9.2 million.

  • The Ohio Division of Securities joined a $22.5 million settlement against Nexo (disclosure: a former sponsor) for the company's Earn Interest Product (EIP) after an investigation by state securities regulators, North American Securities Administrators Association, and SEC.

Today in Crypto Adoption...

  • The French National Assembly approved a set of regulations for cryptocurrency companies in the country, which align with European Union standards, as part of a larger bill.

The $$$ Corner…

  • Avalon Corp, a Web3 gaming company formed by video game industry veterans, raised $13 million in funding in a round led by Bitkraft Ventures.

  • Crypto wallet startup ZenGo is seeking $10 million in a Series A extension round through convertible notes at a valuation of $100 million.

  • Ether.Fi, a liquid staking protocol, garnered $5.3 million in a round led by North Island Ventures and Chapter One. 

  • Electric Capital led a $2.5 million funding round for Term Labs to bring its fixed-rate DeFi offering to market.

What Do You Meme? 

📈 Your Market Update 📉

  • BTC is up 2.53%, trading at $23,770

  • ETH is down 2.15%, trading at $1,653

  • BTC dominance: 40.71%

  • Crypto market cap: $1.13 trillion

*All data as of today, 5 am ET

Recommended Reads

  1. NYMAG: Arthur Hayes, the Original King of Crypto, Is Back

  2. Christine Kim from Galaxy on zkEVMs

  3. Decentralised.co on creator economy in gaming:

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