Worst Portfolio Ever? 📉

In today's edition: Sam Bankman-Fried's new lawyer, ConsenSys updated terms, LINK staking goes live, xSushi fees, and more...

December 07, 2022

On the Pod…

What’s Poppin’?

Former FTX CEO Sam Bankman-Fried has hired Jeffrey Epstein associate Maxwell’s defense lawyer Mark Cohen to represent him.​​

MetaMask owner ConsenSys clarified that the flagship wallet’s controversial data tracking would be limited over the coming months.

The hugely popular oracle network Chainlink has introduced a way to stake its native token.

SushiSwap’s CEO Jared Grey has controversially proposed diverting 100% of fees paid to xSUSHI stakers to the decentralized exchange’s Treasury.

Set your calendars for the next livestream of The Chopping Block! Tune in Wednesday 12/14 on YouTube.

In Other News…✍️✍️✍️

  • The Financial Times revealed the venture capital portfolio of Alameda Research.

  • Signature Bank will reduce its deposits tied to cryptocurrencies by as much as $10 billion.

  • Taylor Swift reportedly rejected a $100 million sponsorship deal with FTX.

  • Despite layoffs and insolvency rumors, Amber Group says it’s “business as usual.”

  • Hedge fund Fir Tree Capital Management is suing Grayscale Investments in order to obtain information about “potential mismanagement and conflicts of interest” at the investment firm.

  • Three US Senators are looking into crypto bank Silvergate’s ‘egregious failure’ on FTX.

  • It’s come to light that Nishad Singh, FTX’s former director of engineering, donated over $13 million to the Democratic Party from the start of the 2020 presidential election. 

  • Apecoin (APE) holders are losing their staked coins after selling Bored Ape NFTs.

  • The judge overseeing the bankruptcy case of Three Arrows Capital has approved subpoenaing the company’s cofounders Su Zhu and Kyle Davies. 

  • Crypto venture capital firm Andreessen Horowitz has hired former CFTC Commissioner Brian Quintenz as head of policy.

Today in Crypto Adoption...

  • Warner Music Group partnered with Polygon to release music NFTs through Polygon’s upcoming marketplace LGND Music.

  • Web3 developer platform Alchemy wants to build a decentralized application store.

  • Nike unveiled its web3 sneakers with the help of RTFKT, the digital fashion and collectibles firm owned by the sports company.

The $$$ Corner…

  • Hack VC and Blockchain Capital led a $15 million Series A round for Bitwave, a crypto accounting, tax and compliance platform.

  • East African Bitcoin miner Gridless raised $2 million in a round co-led by Jack Dorsey’s Block and Stillmark.

What Do You Meme

📈 Your Market Update 📉

  • BTC is down 1.11%, trading at $16,829

  • ETH is down 2.18%, trading at $1,229

  • BTC dominance: 37.19%

  • Crypto market cap: $870 billion

*All data as of today, 5 am ET

Recommended Reads

  1. CNCB’s MacKenzie Sigalos and Rohan Goswami on why SBF could go to prison:

  2. CryptoDoctor on MEV:

  3. CoinDesk’s Preston Byrne on ICOs and the SEC:

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