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- 10/19/23: Elizabeth Warren's Battlecry Against Crypto 🚨⛓️🗽
10/19/23: Elizabeth Warren's Battlecry Against Crypto 🚨⛓️🗽
Top News
🚨 Sen. Warren tells White House crypto is a national security threat
⛓️ Aptos experienced a malfunction which led to a 5-hour outage
🗽 New York Attorney General suing Genesis, Gemini, and DCG

⌐◪-◪ → I’m sorry, but no. If crypto is a national security threat because terrorists are using it, then so is the US Dollar. Chainalysis (the IRS’ partner in crime) even says that reports are overestimating crypto’s role in terrorist financing
⌐◪-◪ → If Solana taught us anything, blockchain outages are an incredibly difficult thing to recover from reputationally. With that said, despite many reliability issues, Solana surprisingly remains in the fight. As for me - I’m not touching this centralized garbage.
⌐◪-◪ → The crypto legal world is popping off between this case, Coinbase vs. SEC, and of course the infamous SBF criminal trial. The NYAG’s complaint is focused on Gemini’s Earn product, which involved lending money to Genesis, which was ultimately lost to Three Arrows Capital. I just hope the SEC doesn’t use this as an excuse to delay BTC ETF decisions.
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Peripheral Vision
⛓️ Crypto & DeFi
Tesla did not sell any BTC in Q3 and still holds $275M
Gas station in Florida becomes 1st in US to accept BTC lightning
Stablecoins can now issued on BTC with new Taproot Assets protocol
Bitfinex CEO believes RGB is the best way to issue stablecoins on BTC
Reddit mods dump reward tokens hours before public announcement
Polygon proposes council for decentralized governance, names 13
🏦 Wallstreet & VC
BlackRock CEO says BTC will transcend all international currencies
Grayscale takes necessary steps to convert GBTC to spot BTC ETF
Morgan Stanley says the crypto winter may be over
Pantera Capital leads $22M round in SynFutures for perpetual futures
🏛️ Legal & Regulatory
Gary Gensler says the SEC is reviewing all BTC ETF applications
Elon Musk & Mark Cuban team up vs. SEC with Supreme Court filing
Cathie Wood says “SEC’s behavior has changed” in favor of BTC ETFs
Grayscale submits new spot BTC ETF filing after pivotal court ruling
FTX’s stake in AI startup Anthropic is worth between $2.5B - $3.6B
Federal Reserve Governor Bowman says CBDC benefits are unclear
🌎 Rest of the World
Standard Chartered to launch crypto custody service in Dubai
Ava Labs bets on India for Avalanche growth with key hires
Coinbase picks Ireland as its main EU regulatory hub
European Central Bank makes preparations for CBDC
🖼️ NFTs & Metaverse
William F1 launches NFT collectible and grid pass with Kraken
Macy’s steps into the metaverse with new digital fashion platform
Yuga Labs, Magic Eden, and OMA3 join forces to fix royalties
CryptoPunks launches collab with Avant Arte to create punk prints
France passes “Sorare law” to regulate NFTs and Crypto Games
Getty Images and Candy Digital launch NFT collection

Spectacular Shoutout
Today’s shoutout is from my BAYC brother, Morelif3!
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