FFATH 😈 FTX Partners with "The Mooch"👸 Making $ off the Queen's Death 🏀 Golden State Warriors
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Headlines
⚖️ Bank of Russia agrees to legalize crypto for cross-border payments
⚖️ Australian federal police forms cryptocurrency unit to tackle money laundering
🇳🇬 Binance helping Nigeria to build the next crypto city
🏀 Sorare is going to NBA and Golden State Warriors’ co-owner to start fantasy sports-style NFT Game
⚽ FIFA’s NFTs are ready for the World Cup
👸 Queen Elizabeth II Ethereum NFT tribute project holds final auction
📺 LG Electronics launches NFT platform with Hedera
📈 Metaverse ETF for European investors
🇯🇵 Japanese gov't issues NFTs to reward local authorities' work
👟 Puma launches metaverse Black Station to show off its new sneaker NFT collection
🏎️ The Sandbox partners with Renault Korea to offer digital automotive experiences in the metaverse
🏎️ Ford prepares to enter the Metaverse with virtual automobiles and NFTs
📖 "Altcoin," "Metaverse," and "Unbanked” were added to the dictionary
👉 Reddit NFT avatars selling for a premium on OpenSea
🎵 Harry Styles and Adele's record label files trademarks for NFT-backed media
⚠️ India: Hackers delete educational data, demand $1M in crypto
Featured Story
👉FTX is making moves with the Mooch, Gamestop and I don’t know how to feel about it.
This week was big news for Sam Bankman-Fried’s crypto venture FTX. This week FTX made headlines that it will buy a 30% stake in SkyBridge Capital - the fund of ex-Trump aide Anthony Scaramucci. Apparently, the writers of the simulation we all live in have decided that the Mooch deserved a callback.
However, this decision to purchase SkyBridge may have some Bankman-Fried fanboys worried as the Mooch has a history of suspending withdrawals from its funds with crypto exposure, as SkyBridge Capital did in 2019. This behavior is not uncommon to FTX either. Last August we reported that FTX froze user accounts interacting with Aztec Network claiming that the DApp was a mixer.
Keep in mind, this is the same Bankman-Fried that FFATH reported on in June who has taken the Giving Pledge, a public commitment to give away the majority of his wealth to philanthropy either during his lifetime, or postmortem. So maybe he just wants to see the world become a better place, or maybe he has a solid PR team.
In an odd coincidence, this past June rumors began to spread that FTX was also planning to buy Robinhood, the defamed and shamed stock-trading platform that shut off the buy button during the so-called meme stock short-squeeze in January 2021. Bankman-Fried has so far remained silent on his intentions for Robinhood, and this week in a weird revenge-like twist Gamestop and FTX started an official new partnership. The partnership promises to introduce GameStop’s customers into the FTX ecosystem and sees that Gamestop will become FTX’s “preferred retail partner in the United States” selling FTX gift cards in their stores and website.
All in all, this looks like an avenue for FTX to onboard many more people onto the crypto space. If you have been keeping up with FFATH, you know we prefer decentralized solutions over traditional finance. Do I trust the Mooch and Bankman-Fried with my hard-earned money? Certainly not, but I do like the idea of more people onboarding to the crypto environment. Thus continues the battle between centralized and decentralized networks.
What does this mean for you and me? Fuck if I know. This week FTX President Brett Harrison agreed to host an AMA on reddit (r/superstonk) for the Gamestop enthusiasts where many questions are being posed about the partnership with both Gamestop and SkyBridge Capital. The development of this AMA seems a bit too convenient but we will just have to see how the simulation plays this one out. One thing’s for sure; FTX being in bed with the Mooch is the kinda cringe that just makes sense.
Insider News
👉 Binance will auto-convert USDC, USDP, TUSD to BUSD on Sept 29
👉 Binance Introduces Ether Staking in US (6% APY)
👉 Frax Finance launches Fraxlend, its own borrowing and lending market
🔥 Canto is on fire (an EVM compatible Layer 1 blockchain built on Cosmos SDK specialized in DeFi)
👉 Ethereum activates Bellatrix upgrade
🔎 LayerZero Scan: an omnichain blockchain explorer
👉 Carbon announces money market and new stablecoin for Cosmos
🔥 BNB chain going into ZK!
👉 The first soulbound token on BNB Chain
👉 Niftify releases groundbreaking no-code NFT store and marketplace platform builder
👉 Cardano, Vasil upgrade will be live on Sept 22
👉 Coinbase releases governance proposal that could increase MakerDAOs revenue by $24 million
⛏️ Crypto miner Poolin pauses BTC and ETH withdrawals
👉 X Marketplace's new platform streamlines the licensing of NFT IPs
👉 An easier way for creators to license NFTs by Miles Jennings, general counsel at a16z crypto
⚠️ Bankrupt Voyager Digital to hold asset auction on September 13
Reads
📚 Should there be demand-based recurring fees on ENS domains? by Vitalik
📚 For the War by Arthur Hayes
📚 The "Free to Own" (F2O) Business Model for Games by Alok Vasudev
📚 Introducing Inspire: The Web3 Culture Hub by Beniamin Mincu
📚 Tornado Cash: What web3 Needs to Know by Katie Haun
📚 DeFi Narrative: Real Yield and Cash Flow Tokens by Brandon
Data
📊 DappRadar Blockchain Industry Report
📊 CoinMarketCap and Spartan Labs: State of the DeFi Industry Report
📊 KPMG report
📊 Coincub annual crypto tax ranking 2022
🦙 DeFiLlama new feature (Volume in all DEXs)
Builder and tools
🛠️ Curve Stablecoin Repo
🛠️ Start learning Cairo
🛠️ Smart Contract Development — Move vs. Rust
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