Will SBF Plead Guilty? 😱

In today's edition: SBF's plea, Alameda's movement of funds, Argo Blockchain's bailout, and more!

December 29, 2022

On the Pod…

Crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the year 2022 in the crypto industry and share their biggest winners and losers of the year, what were the best mechanisms, the biggest surprises and the best memes, and their predictions for the upcoming year.

What’s Poppin’?

Former FTX CEO Sam Bankman-Fried plans to enter a plea next week. Whether he plans to plead guilty or not guilty is not yet known. 

Crypto bot trading service 3Commas confirmed an API leak on Wednesday after weeks of denying any breach of its database.

Alameda Wallets made a series of transfers through coin mixing services days after Sam Bankman-Fried was granted bail.

Argo Blockchain will receive a bailout from Galaxy Digital in order to continue its Bitcoin mining operations.

My crypto explainer is available to watch on TED! 

Fielding questions about crypto left and right? Feel free to send this TED link to your curious (or skeptical) friends who are trying to make sense of crypto in this crazy news cycle. 🗞️

In Other News…✍️✍️✍️

  • A group of FTX customers filed a lawsuit against the failed exchange, arguing that customers should not have to share the remaining assets with other creditors.

  • Crypto exchange Gemini was sued by investors for allegedly not registering its interest-earning crypto products in accordance with U.S. securities law.

  • Ryder Ripps and Jeremy Cahen, the defendants in a lawsuit filed by Yuga Labs, filed a counterclaim denying the accusations.

  • MicroStrategy sold 704 bitcoin worth $11.8 million on December 22nd for tax benefit purposes. Two days later, the company bought 810 BTC.

  • Solana’s token SOL fell below the $10 mark and it is currently at a 96% loss compared to its all time high. 

  • Coinbase's stock (COIN) dropped to a new low of $32.40 per share, a 6% decrease over the past five days.

Today in Crypto Adoption...

  • Next week's Rose Parade will feature a float and costumed characters based on the Nouns NFT project, funded by the Nouns DAO and created by actor Seth Green's production company.

What Do You Meme

📈 Your Market Update 📉

  • BTC is down .75%, trading at $16,580

  • ETH is down .33%, trading at $1,198

  • BTC dominance: 38.67%

  • Crypto market cap: $825 billion

*All data as of today, 5 am ET

Recommended Reads

  1. Sandy Carter, senior vice president and channel chief of Unstoppable Domains, on how Web3 helps with digital identity

  2. The Block looks back at 2022 through the lens of NFTs

  3. The Year That Crypto Shattered by The Information’s Akash Pasricha

⛓️ 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.

If you liked what you read: