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  • 💥 Winklevii Call Genesis’s Actions ‘Fraud’ 👀

💥 Winklevii Call Genesis’s Actions ‘Fraud’ 👀

In today's edition: Gemini terminates yield product, DCG updates shareholders, Binance.US gets preliminary approval, BUSD’s system flaws, and more!

January 11, 2023

On the Pod…

After the recent arrest of Avi Eisenberg on charges of fraud and market manipulation, Gabriel Shapiro, General Counsel at Delphi Labs and Collins Belton, Managing Partner at Brookwood P.C., explore the implications the case could have on the DeFi and DAO governance sphere.

What’s Poppin’?

The public fight between Gemini, the crypto exchange founded by the Winklevoss twins, and Digital Currency Group (DCG), keeps escalating, with Cameron Winklevoss alleging fraud.

On Unchained Premium

Kevin Kelly, the cofounder and head of research at Delphi Digital, presents his outlook on the potential expansion and advancements in the spheres of NFTs, gaming, DeFi and related areas in 2023.

In Other News…✍️✍️✍️

  • A court granted preliminary approval for the $1 billion sale of Voyager Digital's assets to Binance.US. 

  • Crypto exchange Binance admitted to having flaws in its system that left its stablecoin BUSD undercollateralized. 

  • FTX stockholders include Tom Brady, Robert Kraft's companies, and crypto firms like Blackrock, Coinbase, Lightspeed, Pantera and Tezos Foundation, as per Delaware bankruptcy court documents.

  • A group of four U.S. senators sent a letter to Judge John Dorsey requesting for an independent examiner to be appointed in the FTX bankruptcy case.

  • ConsenSys, one of the biggest players in the Ethereum ecosystem, is laying off 100 employees.

  • Crypto.com (disclosure: sponsor of Unchained) will delist USDT, the largest stablecoin by market capitalization, in Canada due to regulatory concerns. 

  • e-Money, the issuer of euro-pegged stablecoin EEUR, will no longer issue the token due to market conditions. Users will be able to redeem their stablecoins until March 6.

  • Nikhil Wahi, a former Coinbase product manager’s brother, has been sentenced to 10 months in prison for insider trading.

  • Pomerantz LLP, a law firm based in New York, is investigating Bitcoin miner Core Scientific over a potential fraud. 

  • BitDAO announced the launch of “Wadsley”, a testnet for a new Ethereum layer 2 network called Mantle. 

  • South Korean authorities are investigating whether crypto exchange Bithumb complied with tax regulations.

Today in Crypto Adoption...

  • DeFi protocol Ondo Finance launched tokenized US Treasuries and bonds. 

What Do You Meme

📈 Your Market Update 📉

  • BTC is up 1.19%, trading at $17,461

  • ETH is up .36%, trading at $1,336

  • BTC dominance: 37.81%

  • Crypto market cap: $889 billion

*All data as of today, 5 am ET

Recommended Reads

  1. Ram Ahluwalia on DCG CEO’s update to shareholders: 

  2. Salomon Crypto on account abstraction:

  3. Teng Yang, researcher at Delphi Digital, on his NFT predictions:

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