SBF Funded The Block

All defi news in one scroll

December 12, 2022

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop.

gm, we hope everyone has a great start to their week!

  • Breakdown of SBF privately funding the media company, The Block, of nearly $50 million (AX)

  • Crypto-holders are removing their assets in record numbers from centralized exchanges (FT)

  • More FUD around Crypto.com due to CEO's previous history of exits and bankruptcy (CNBC)

  • Starbucks launches web3 'Odyssey' loyalty program (CD)

  • A look at Ledger new wallet stax (@thedropnft)

  • Canada's Outlier Ventures states that venture funding is still being dumped into crypto at "strong pace" (YF)

  • Web3 video platform, Shibuya, secures $7 million in backing from a16z and Paris Hilton (F)

  • Small venture fundings of $4-$15 million have been the story of Q4 '22 of crypto startups (BW)

  • Shibuya gets $6.9M for web3 content studio (Shibuya)

  • Bitwave gets $15M to build accounting and tax software for crypto (Bitwave)

  • Perennial gets $12M for DeFi derivatives protocol (Perennial)

  • SEC Chair Gary Gensler is being considered the "Crypto-nite" for digital asset regulation (CT)

  • Senator Elizabeth Warren looks to push bill that gives some control and regulation power to the SEC and Fed (CT)

  • Stephanie Avakian, former top crypto regulator with SEC, will be representing Caroline Ellison from Alameda as her attorney (CT)

  • SBF will testify at U.S. house hearing Tuesday (CNBC)

  • SEC guidance on companies disclosing cryptocurrency risk (CNBC)

  • Crypto.com releases Proof of Reserves on asset backing (CD)

  • How do crypto wallet firms make money? (CT)

  • How ChatGPT is exploiting crypto bug bounties (Portswigger)

  • How attackers made $15M exploiting staking platform Helio (CD)

  • Ethereum developers are still shooting for March timeframe for staking withdrawals (BW)

  • Jordan Belfort (The Wolf of Wall Street) has high expectations for BTC and ETH

  • The biggest Blockchain event on Ethereum (CD)

  • Vitalik on the future of Ethereum after the Merge (CD)

  • Binance's finances exposed after digging further into their proof of reserves (CT)

  • Miami Mayor Francis Suarez still has dreams for Miami to be the leading city of crypto activity (WP)

  • SBF tries to charm the crypto community saying he wants to start more businesses to pay back all FTX victims (UW)

  • Coinbase offers free trading on USDT to USDC (TD)

  • Unusual Whales is set to discuss FTX details with SBF on Twitter today (@unusual_whales)

  • ChatGPT shocks the world with over 1 million users in less than a week, and could be a great lead to opportunities in Web3 (CD)

  • How institutional investors feel about Bitcoin (CD)

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