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Daily Brief

Binance Nearing DOJ Deal?

gm Bankless Nation, CZ might want to stop saying "4" pretty soon...
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Nov 20, 20233 min read
Binance Nearing DOJ Deal?
Published on Nov 20, 2023
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NEED TO KNOW
Binance Nearing DOJ Deal?
  1. 4️⃣ CZ Says 4. Binance is reportedly nearing a resolution with the DOJ that would come with a $4 billion fine and chances of criminal charges for CZ.
  2. 🤑 CoinDesk gets sold. Little-known crypto exchange Bullish has bought CoinDesk from DCG in an all-cash deal.
  3. 🤖 Tech waits for OpenAI resolution. Sam Altman's surprise firing has upended Silicon Valley. Will threatened resignations of 90% of the staff bring him back to power?
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TODAY IN MARKETS
DeFi Sneak Attack

📊 dYdX Attacked: Mass liquidations hit dYdX’s V3 Yearn Finance (YFI) market over the weekend. YFI is down 40%, dYdX’s insurance fund was forced to pay out $9M, and the exchange’s founder is calling it an attack!

Prices as of 4pm ET 24hr 7d
Crypto $1.42T ↗ 0.7% ↗ 1.4%
BTC $37,489 ↗ 1.3% ↗ 2.6%
ETH $2,028 ↗ 2.2% ↘ 1.8%
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ANALYSIS
Magic Eden's Moment
Bankless Author: William Peaster

OpenSea has had an awfully rough year, and Magic Eden is ready to take its shot at the NFT throne with its own flavor of NFT buying and selling.

Here's what you need to know about the multi-chain market 👇


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LATEST PODCAST
Unpacking the OpenAI Drama

Sam Altman was fired as CEO of OpenAI, joining Microsoft this morning and sending the internet into a spiral. What does this mean?

Here's everything you need to know 👇

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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