SBF wants FTX jurisdiction to stay in the Bahamas, a lot of implications from that
This FTX situation is down right awful. It gets messier and messier by the day. Yesterday the new CEO, John Ray, published his findings and it appears as if FTX was a slush fund for Top Executives. There were no procedures in place for anything. Despite all these findings, it’s important to note that there are still amazing companies in this space doing incredible things. We cannot shortfall them in these moments.
Below are some of the top sentiment changers and news
Projects Sentiment Movers:
Big sentiment moves alway have news behind it, here’s the biggest movers and why
ConsenSys (+123): Launched Ethereum Climate Platform (ECP) to help reduce carbon footprint
SuperRare (+60): RarePass: Genesis debuted and raised $4.5M
Frax (+162): Entered Balancer ecosystem
These are a few of the top sentiment movers for today. Click on the project’s name to read more trending stories or go to the top project page here.
NFTs Sentiment Movers:
Royal (+49): Introduced the music rights marketplace, next phase in their development
Illogic (+25): Festive Friday today where you can win prizes and money
These are a few of the top sentiment movers for today. Click on the project’s name to read more trending stories or go to the top project page here.
News
Genesis is said to be seeking $1B in credit by Monday
FTX “fair value” of crypto that they hold is actually $659,000 (type in tweet below, which he admits in a thread). That’s down just a little bit from SBF claiming they had $5.5B
FTX New CEO, John Ray, released his first findings and let’s just say, it’s not pretty
There were rumors circulating yesterday that Jump Crypto was winding down, they released a statement that says otherwise
One of the first VC to try and invest in SBF speaks out about why they passed on the investment opportunity
Uniswap introduces Permit2 & Universal Router which makes token approval and ERCO20s & NFT swaps into one
The Debtors have credible evidence that the Bahamian government is responsible for directing unauthorized access to the Debtors’ systems for the purpose of obtaining digital assets of the Debtors—that took place after the commencement of these cases.
This is going to get very interesting as it appears Bahamian Government directed FTX to transfer funds to them
Meme of the day:
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