- Unchained Daily
- Posts
- Who Will Be the Key Witnesses? 👀
Who Will Be the Key Witnesses? 👀
In today's edition: 🚫 Judge says no to SEC's Ripple revisit, 🛑 SEC fights Coinbase's dismissal bid,💸 Jump Trading's $206M FTX fiasco, 📅 Mashinsky's day in court: 2024, and more!
Unlock your application’s full potential with the LayerZero interoperability protocol. Connect to 40+ blockchains. Enable cross-chain contract execution and native asset transfer. Secure by Google Cloud, Polyhedra and more.
VaultCraft by Popcorn is your no-code, DeFi toolkit for building automated, non-custodial yield strategies. Learn more on vaultcraft.io about how you can supercharge your crypto portfolio!
Get the easiest KYC for crypto – privacy-safe and fully compliant for 165+ markets with JS/SDK/API integration. Conversion increase guaranteed. Submit your site for an interactive demo!
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.
👨⚖️ Sam Bankman Fried’s Trial Coverage
During the first day of Sam Bankman-Fried’s criminal trial, the judge made it clear it’s Bankman-Fried’s decision alone on whether to testify. And the government revealed why negotiations over a possible plea never occurred.
With Laura in the courtroom and a team dedicated to the trial, we will be releasing updates every day of the trial! We hope you enjoy it.
Federal judge Lewis Kaplan quizzed potential jurors about their knowledge of crypto and Sam Bankman-Fried. The FTX founder and former CEO faces seven charges, including wire fraud and conspiracy to commit money laundering.
What’s Poppin’?
by James Rubin, Brandy Betz and Samyuktha Sriram
In a July decision, the court ruled that Ripple had not crossed federal securities laws in making XRP available to retail customers through programmatic sales to exchanges.
Mashinsky, who headed the crypto lender when it went bankrupt in July 2022, is charged with wire fraud and other crimes.
The market making firm is one of the largest creditors of bankrupt crypto exchange FTX, according to Michael Lewis’ book.
The U.S. securities regulator argued that its original complaint against Coinbase successfully makes the case that crypto assets offered on the platform are securities.
On the Pod…
This week, Haseeb, Tom, Tarun, and Robert discuss the wildest claims in Michael Lewis’ new book on Sam Bankman-Fried, debate whether SBF’s effective altruism was ever genuine, and whether Ethereum should enshrine more features onto its protocol.
Daily Bits…✍️✍️✍️
🏛️ Crypto advocate Rep. Patrick T. McHenry assumed the temporary House Speaker role after Rep. Kevin McCarthy's removal.
💊 U.S. DOJ charged Chinese businesses with using crypto for illicit fentanyl transactions, with related assets frozen.
🤖 Anthropic's potential valuation rise could benefit FTX creditors due to Sam Bankman-Fried's investment.
⚖️ The DOJ stated that current laws are adequate to charge Sam Bankman-Fried for alleged fraud.
🔗 Ripple secured a license from Singapore's Monetary Authority to offer regulated digital asset services.
🔚 DeFi's Yield Protocol announced its closure by year-end, citing dwindling demand and regulatory challenges.
⛓️ Three individuals were sentenced for their roles in the AirBit Club crypto-related Ponzi scheme.
💱 The Bank of Korea collaborates with BIS to begin testing wholesale CBDC.
What Do You Meme?
Recommended Reads
📈 Your Market Update 📉
BTC is up .2%, trading at $27,597
ETH is down .5%, trading at $1,647
BTC dominance: 47.64%
Crypto market cap: $1.13T
*All data as of today, 7:50 am ET
NEW: On Unchained Premium 💎
👯♀️ Refer Unchained with a friend and earn a Premium subscription
⛓️ Join Unchained Premium to get access to:
🎙️ Behind-the-scenes interviews, in which I talk with crypto experts and entrepreneurs to learn all about the latest developments in the industry.
💬 A subscriber-only Telegram group, where you can talk with the other members of the Unchained community, build a network in crypto, and talk directly with me and the Unchained team!
📰 Transcripts of all the shows, for subscribers only.
Thank you for reading Unchained. This post is public so feel free to share it. 📩📤