SBF's Blame Game $
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- 😾 SBF passes the blame. SBF gave jury testimony, saying "a lot of people got hurt," but he didn't defraud anyone. SBF blamed everything on his lawyer.
- 👯♀️ Gemini sues Genesis. Gemini filed a lawsuit against Genesis over 60M GBTC shares being held as collateral, worth $1.6B.
- 👨⚖️ Yuga wins big. Yuga's suit against a Bored Apes copycat ended in $1.5M+ in damages and control over the smart contract.
| Prices updated at 4:00 pm ET | 24HR |
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Crypto Market Cap $1.24T | ↘ 0.7% |
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Bitcoin $33,688 | ↘ 1.0% |
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Ethereum $1,774 | ↘ 1.0% |
📈 Bondless. Crypto with a slight retrace but up big on the week. Gold on a tear breaking $2k. Long-term treasuries ETF near 20-year lows. This all has Arthur Hayes saying, "I don’t want to own the bonds of any country. Buy bitcoin."
Mantle is an optimistic-style rollup based on a fork of Optimism. Unlike traditional L2s, Mantle is pioneering a unique approach by setting up to leverage EigenLayer's upcoming EigenDA data availability solution, which is a first in the rollups scene. Since its mainnet launch in July 2023, Mantle has already amassed over $136M in total value locked, making it the 7th-largest L2 at the time of writing.
Learn all about Mantle with out latest update to Bankless Guides!
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Ryan and David unpack the week's biggest news in their Halloween costume best! Big news items of focus for the week include the WSJ's epic screw-up, SBF's moment at the stand and the week's massive market pump led by Bitcoin.
- 🟠 BTC: Dominance up!
- 🔵 SNX: Fee-generating machine!
- ⚫️ FXS: Soaking in V3 launch!
- 🟣 SOL: Diversifying L1 exposure!
- ⚫️ DYDX: Front running V4!
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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