SBF: A Bad EX-ample

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gm Scrollers,

It’s Friday so get your mouse ready and begin scrolling! Below you’ll find our favorite headlines from the past few days including: Caroline Ellison testifies, BTC being labeled as best crypto by Fidelity, the terrible year of crypto startup funding, and crypto relations in the Israel vs. Hamas conflict. Enjoy your scroll and see you Monday ✌🏼

• Gary Wang and Caroline Ellison plead guilty in FTX fraud trial (AX)

• Caroline Ellison is revealing information on SBF’s control of FTX (AX)

• Spot Bitcoin ETFs are at a critical point for receiving approval (BRNS)

• USDR stablecoin depegged 50% (D)

• JP Morgan carried out its first blockchain-based collateral transaction (CD)

• Trillion dollar asset manager Fidelity labels ‘Bitcoin most secure and decentralized crypto’ (WGURU)

• WOO Network buys back shares / tokens from Three Arrows Capital (CD)

• Untangled Finance goes live following $13.5M financing round (@CoinDesk)

• Republik, a web3 social media, hits $75M valuation during recent $6M funding round from OKX Ventures, Comma3 Ventures, and other investors (CN)

• Parsec Finance raises $4M in strategic capital from Galaxy Ventures and others (@parsec_finance)

• Ostium Labs raises $3.5M to bring DEX swaps to oil and gold (TB)

• L1advisors raises $1M strategic funding pre-seed capital from Vaneck U.S. for on-chain wealth management (@L1advisors)

• Kraken founder blames ‘incompetent VCs’ for fraudulent FTX activities (CS)

• Blockchain gaming has brought in $2.3B from investments in 2023 (@thedropnft)

• Crypto startup funding has dropped 63% YoY (BBG)

• US State Regulators intervene in Coinbase unregistered securities case (CD) 

• The Commodity Futures Trading Commission sues former Voyager Digital executive for fraud (AX)

• One of Caroline Ellison’s jobs was to get regulators to crack-down on Binance (WGURU)

• Israel authorities freeze crypto linked to Hamas (DT)

• Hamas has received $41M in crypto since 2021 (P)

• Elliptic believes Russian hackers were part of the $400M hacking event to FTX in November 2022 (CD)

• Hacken partners with Radix for audits (TD)

• Stars Arena has recovered 90% of lost funds (CD)

• $8.5B of ETH unloaded since February (DH)

• LIDO Finance must pay 20 ETH fine before liquidating ETH from slashed validators (DT)

• Uniswap launches Android mobile Ethereum wallet (DT)

• ETH hits 15 month low (TD)

• ETH takes 4% drop this week with nearly entire crypto market being red

• Trader Joe’s grocery chain sues Trader Joes decentralized exchange (BW)

• JP Morgan is all in on BTC mining (X)

• Crypto HODLers stash $1.3B BTC each month (CD)

• Immutable joins AWS’ ISV accelerate program (D)

• BAYC announces major restructuring (TD)

• Trezor is launching 3 new wallets (D)

• Blockchain developer Robin Linus releases whitepaper on BitVM, an improvement for Bitcoin smart contracts (BLOCK)

• What altcoins are whales buying? (Y)

• A16Z’s ‘Crypto Startup School’ application deadline is coming up (@a16zcrypto)

• How BTC is fundamentally different from other cryptocurrencies (CD)

• BitVM Whitepaper: Compute Anything on Bitcoin (BitVM)

• Deem founder Toby Rush spills on the web3 mobile movement and NFT mobile storage (BZSPT)

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