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FTX Mayhem: One Year Later $

gm Bankless Citizens, we're still here. And so are you.
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Nov 6, 20233 min read
FTX Mayhem: 1 Year Later
Published on Nov 6, 2023
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Sponsor: Kraken — Sign up for an account and see what crypto can be.

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NEED TO KNOW
UK Wants Stables
  1. 🇬🇧 UK pushes for Stablecoins. UK regulators are pushing forward proposals to bring stablecoins into the "real economy," wen USA?
  2. 🦧 Yuga taking on OpenSea? The BAYC maker is partnering with Magic Eden to build a marketplace that enforces royalties.
  3. 🌝 Simpsons skewer NFTs. The Simpsons turned Bart into an NFT this week, and it honestly feels like a bottom signal. See what NFT projects you can spot!
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TODAY IN MARKETS
Illegal Shorts

📊 Sayonara Shorts. South Korean financial authorities banned short-selling until next June. Korean tech index KOSDAQ posted its largest single-day gain in history, but the move begs the question: is crypto the only free marketplace?

Prices as of 4pm ET 24hr 7d
Crypto $1.33T ↗ 0.6% ↗ 4.7%
BTC $34,986.85 ↘ 0.1% ↗ 1.6%
ETH $1,893.08 ↗ 0.4% ↗ 4.9%
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OPINION
What Did FTX Teach Us?
Bankless Writer: William Peaster

One year ago, FTX collapsed. The industry lost plenty of money in the following days, but it also lost plenty of trust. 1 year later, what demons have we conquered, and where do we still have work to do?


FRIEND & SPONSOR: KRAKEN

Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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LATEST PODCAST
The Bull Case for $COIN
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This is our first time ever covering a TradFi stock! However, Coinbase is a different beast… it's a behemoth.

Today, we’re bringing on two analysts–independent researcher Jay (0xJaypeg) and Delphi Digital analyst Michael Rinko.

Today’s episode is all about $COIN, the asset. Down from its ATH of $342/share in Nov. 2021 to $85 today—and with a current market cap of $17.8B— are you bullish $COIN? Why or why not?


🗣️ Want to hear all of Ryan and David's thoughts on their latest conversation about $COIN? Bankless Citizens get the extra scoop every week.

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ALPHA OF THE WEEK
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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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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