FFATH ๐ J.P. Morgan is using DeFi โฝ Visa is ready for the World Cup โ๏ธ CZ vs SBF
We are very Far From All Time High
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Headlines
๐ J.P. Morgan has executed its 1st *LIVE* trade on public blockchain using DeFi
โฝ Visa jumps on World Cup NFTs
๐ Binance CEO Zhao considering buying banks
๐ Steph Curry files trademark for the Curryverse
๐๏ธ Nissan has filed 5 trademark applications for some of its most iconic car models like GTR, SKYLINE, and Z
๐ Chain follows NFL Patriots deal with Miami Heat
๐ MoneyGram debuts crypto purchases on Mobile App
๐ธ๐ฌ Singapore pilots tokenized fiat with smart contract capabilities
๐ธ๐ฌ Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction
๐ New York Fed completes experiment using on-chain digital dollar
๐ Revolut launch โLearn & Earnโ DeFi course with 1inch and Revolut chat function will integrate NFT profile pics
๐ Goldman Sachs is looking to develop a crypto classification service for institutional investors
๐ UBS AG unveils publicly traded digital bond that settles on blockchain
๐ฎ๐ณ India to test if digital rupee can cut fees when trading government securities
๐ Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC
๐ Stasis integrates euro-backed stablecoin with XRP Ledger
๐ฅ Mastercard adds 7 blockchain startups to its crypto accelerator
โ๏ธ South Korean prosecutors accuse Do Kwon of manipulating Terraโs price. Do Kwon faces $57M class-action lawsuit in Singapore
Featured Story
โ๏ธ Forgetting the point of decentralized finance, everyone is talking about SBF vs CZ
After a tough week being mocked online after stammering through some easy questions posed on last weekโs Bankless โdebateโ (see last weekโs newsletter),ย Sam Bankman-Fried (and investors that trust him) is receiving another public smackdown.
On Sunday, Binance founder Changpeng โCZโ Zhao said his exchange will liquidate the remainder of its FTT holdings, the native token issued by SBFโs rival FTX exchange. Speaking to the public CZ wrote CZ on Twitter โWe will try to do so in a way that minimizes market impact,โ โDue to market conditions and limited liquidity, we expect this will take a few months to complete.โ
The current drama surrounding CZ selling off FTT tokens wouldnโt be too alarming on its own. Binance is, after all, a competitor with FTX. The move, however, follows this monthโs damaging leak of the balance sheet belonging to Bankman-Friedโs crypto hedge fund Alameda Research. It lists over $5.8 billion of its $14.6 billion in assets are held in FTT tokens. At the same time, users of FTX exchange have been experiencing slower-than-usual withdrawals of FTT and stablecoins in particular.
Users of FTX exchange and those holding its native token FTT have expressed alarm on Twitter and Reddit likening the situation to Celsius halting withdrawals and misleading its users prior to the platformโs collapse.
According to SBF and the leadership at FTX, โeverything is fineโ and this drama can be chalked up to billionaire bully battles. Although, if billionairesโ personal bouts have the ability to lift off or sink my measly life savings, then why am I in this crypto game?
Isnโt the whole point of blockchain to decentralize control and ownership thus avoiding the effect an oligarchy can have over regular folksโ responsibly held savings? Maybe Binance, FTX, and the rest of the centralized exchanges should live in a smaller, much more niche place in the blockchain landscape.
There is a lot to this story. Stay tuned to FFATH for more headlines surrounding this story as it unfolds.
Links: CZ's Binance to liquidate its entire holding of rival FTX's native token | Fortune
Insider News
๐บ NFT project Art Gobblers rakes in $13 million two hours after launch (Rick and Morty Style)
โ๏ธ Game of Thrones NFTs are coming
๐ฒ You can send crypto to any email or phone number with FTX
๐ Copymint detection system by Opensea
๐ฅ Co-founder of Balancer Labs and developer at MakerDAO died after posting this... Rest In Peace Nikolai
๐ Kraken launches new โGaslessโ Marketplace
๐ Beefy is live on Ethereum!
๐ฎ GameStop officially launches NFT marketplace
๐ฎ GameStop Adds Web3 Gaming NFTs to Marketplace With Immutable X
โ ๏ธ Loopring (LRC) experiences DDOS attack amidst major price jump
๐ ๏ธ zkSync 2.0; itโs called mainnet but you cannot access it ;)
๐ฅ Introducing the DegenScore Beacon
๐ Can we share ETH security?
๐ ๏ธ Create your own DeFi product?
๐ How can Degis be used to insure $GMX liquidity?
๐ 1 000 Solana validators go offline
โ ๏ธ Rogue actor disrupts Lightning Network with a single transaction
โ ๏ธ Lightning Network developers fix critical bug that caused node downtime
๐ฒ HUSD stablecoin sharply loses peg even further, drops to just $0.30
Data
๐ State of Polygon Q3 2022
๐ State of BNB Chain Q3 2022
๐ State of Staking Q3 2022
Builder and tools
๐ ๏ธ How to find new contracts early and catch a 100X
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