Daily Brief

Crypto's Misinformation War

gm Bankless Nation, crypto has some new drama to deal with in DC.
Oct 26, 2023 โ€ข 3 min read
Crypto's Misinformation War
Published on Oct 26, 2023
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Terror Financing Fiction
  1. ๐Ÿ—ž๏ธ WSJ under fire: Elliptic, the analytics firm that the WSJ cited in their much-criticized report on crypto terror financing, says that its data was misinterpreted.
  2. ๐Ÿš” Binance gets heat. A crypto-friendly Senator wants the DoJ to prosecute Binance over terror financing. The referenced WSJ report is wrong, but Binance has a complicated history.
  3. ๐Ÿ‘จโ€โš–๏ธ SBF takes to the stand. SBF kicked off testimony to a jury-less court Thursday as the judge determines what will be off-limits.

Prices updated at 4:00 pm ET 24HR
Crypto Market Cap $1.26T โ†˜ 1.1%
Bitcoin $34,139 โ†˜ 1.8%
Ethereum $1,796 โ†— 0.2%

๐Ÿ“ˆ Decoupling from TradFi Crypto is up 24% from September lows while the S&P 500 is down 8% in a clear decoupling. BlackRock CEO Larry Fink might call it a Flight to Quality.

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Bull vs Bear: UNI
Bankless Authors: Jack Inabinet and 563

There's been plenty of grumbling from $UNI holders over the past couple weeks after Uniswap Labs launched a small swapping fee on their frontend.

The $UNI fee switch has always been a spicy topic of governance debate. In today's Bankless article, two analysts on our research team take opposite sides on whether or not $UNI has a bright future ahead of it.

Click through below for the full analysis (Citizen's Only!)


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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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