🔒 Sam Bankman-Fried-in-25-Years

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As most of you have seen by now, yesterday a judge sentenced FTX and Alameda founder + fraudster Sam Bankman-Fried to 25 years in prison accompanied by a $11B forfeiture. We have plenty of deep dives and headlines below, but that’s not the only worthy story happening in crypto and web3 right now 👀 Tons of venture capital investments this week (20+). Updates on SEC vs. Coinbase case. Information about the $336M of crypto lost to hacks in Q1. And a phenomenal spoof of investing in Shitcoins. Keep on Scrolling for more 🙌

• SBF sentenced to 25 years in prison for FTX fraud (MR)

• VCs are returning to crypto from BTC big rally (TB)

• Hong Kong asset managers are applying for BTC ETFs (CD)

• Over $1B of U.S. Treasury Notes has been tokenized on the blockchain so far (CD)

• Coinbase Bitcoin reserves reaches lowest level in 9 years (@martypartymusic)

• Larry Fink talks about Bitcoin ETF is the fastest growing in BlackRock’s history (WG)

• Bitcoin finishes the week nearing $70k once again with Ethereum topping $3.5k

• 1kx raises new $75M Fund with the backing of Marc Andreessen, Galaxy Digital, and Accolade Partners (CGP)

• Helika launches $50M blockchain gaming accelerator (DT)

• Outlier Ventures and Saudi Arabias NTDP announce web3 accelerator (TB)

• Web3 investment firm Borderless Capital acquires CTF Capital to bring AI (TC)

• Succinct Labs closes massive $55M Series A led by Paradigm (@SuccinctLabs)

• 0G raises $35M to fuel AI integration with web3 (NB)

• Peaq raises $15M for web3-enabled public infrastructure (TE)

• Square Enix backs $14M seed round for web3 firm Elixir Games (TB)

• King River Capital, Spartan and Animoca invest $12M into crypto gaming firm Illuvium (CN)

• MyShell, an AI Web3 platform, gets $11M backing led by Dragonfly (NFTG)

• Build on Bitcoin raises €9.2M led by Castle Island Ventures for Bitcoin and Ethereum hybrid L2 (SA)

• Yolo Investments backs Toncoin and Ton ecosystem with $8M investment (AW)

• Flock.io lands $6M investment from Targus Capital and Lightspeed Faction for decentralized AI training platform (SA)

• Tensorplex picks up $3M seed round from Collab+Currency and Canonical Crypto (@TensorplexLabs)

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• SEC can sue Coinbase for offering unregistered securities (TV)

• House demands SEC explanation on platform Prometheum (CD)

• Nigerian Central Bank reports it does not control its crypto regulation (NBTC)

• Insights and answers to EU crypto regulation from former chairman (CN)

• The Carribean is taking a lead in crypto regulation (BW)

• Crypto is still under-regulated in most of the world (PYMNT)

• Blast NFT game Munchables recovers $62M in exploit (M)

• Prisma Finance hit with $11.6M ‘whitehat rescue’ hack including on-chain messages from the hacker (CT)

• The Apple Chip exploit that steals crypto (M)

• Q1 finishes with $336M of losses from crypto-related hacks (BLOCK)

• Ethereum’s new data storage system ‘Blobscriptions’ and its skyrocketing fees (CD)

• Vitalik answers Elon Musk on why he left twitter (D)

• Buterin’s take on what’s to follow for Ethereum after recent Dencun upgrade (BW)

• Fidelity believes Ethereum’s rising validator count is a concern (CD)

• BlackRock deploys $100M onto Ethereum blockchain (FY)

• Ethereum futures open interest reaches (bullish) new all time high (CT)

• Three AI Tokens Fetch.ai, Singularity, and Ocean Protocol have plans to merge (TB)

• NEAR launches tool for signing transactions on different blockchains (BW)

• BlackRock tokenized investment fund BUIDL received $160M inflows in first week (TB)

• Nilam Resources sees stock jump 1,800%+ following announcement of $1.7B Bitcoin purchase plans (@BitcoinNewsCom)

• Memecoin ‘Sam Baseman Fraud’ on Base blockchain nearly 250x’d following yesterday’s ruling (GT)

• Google has begun indexing blockchain data with Google search 👀

• Bitcoin Halving could accelerate consumer adoption of BTC (CD)

• What is Immutable X and the reason for gaming on Ethereum (DT)

• Bitcoin halving’s impact on Bitcoin L2s (BW)

• What has happened in crypto in the last 24 hours (CT)

• Uncovering less-publicized information on SBF’s crypto history (@jconorgrogan)

• Details into the final ruling of SBF’s 25 year sentence and $11B forfeiture (TC)

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