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- 10/25/23: Vitalik Bets On Privacy Tech 😶🌫️🤨👎
10/25/23: Vitalik Bets On Privacy Tech 😶🌫️🤨👎
Top News
😶🌫️ Vitalik invests in Nocturne Labs for privacy on Ethereum | The Block
🤨 FTX in talks with bidders to revive infamous exchange | Coindesk
👎 DTCC listing $iBTC doesn’t guarantee approval | Blockworks

⌐◪-◪ → There seems to be a newfound interest in privacy tech from VCs, with this round being co-led by Bain Capital and Polychain Capital. Vitalik has clearly put a lot of thought into privacy and even published a paper on privacy pools last month. There are a lot of players working on novel smart contract-supported blockchains like Tari, Aleo, Secret Network, and more. The trick is figuring out who the winner(s) will be.
⌐◪-◪ → I’ve grown pretty tired of the SBF, FTX, and Alameda headlines, but I suppose it’s pretty hard to top the legendary Thai Prostitutes moment. Regarding the recent bids, it sounds like discussions are pretty serious, with investment bankers already narrowing an initial round of bidder down to 3 prospective buyers. While this is good news FTX’s creditors, I selfishly wish FTX would go silently into the night.
⌐◪-◪ → Crypto investors are pretty much frothing at the mouth after the DTCC listed, removed, and re-listed BlackRock’s Bitcoin ETF on their website. In fact, people were so excited that the DTCC website went down. While this is definitely exciting, it’s also standard practice for the DTCC to add securities to it’s “eligibility file” in preparation of a new potential ETF. Let’s not prematurely celebrate, former SEC attorney says approval is definitely not a given.

Peripheral Vision
⛓️ Crypto & DeFi
Binance withdrawals back online after “technical issue” | CoinDesk
Reddit founder Alexis Ohanian says BTC is the new gold | Bloomberg
“Crypto King” Tom Emmer drops out of US Speaker race | BBC
Jack Dorsey building BTC mining circuit board | @BTC_Archive
Vodafone & Chainlink experiment with blockchain for trade | CoinDesk
Billionaire Ricardo Salinas says sell bonds, buy BTC | @BTC_Archive
Maestro telegram trading bot exploited for $500k | The Block
Fantom launches testnet for “Sonic” upgrade | CoinDesk
Polygon deploys new POL contract to Ethereum | The Defiant
Ledger launches cloud-based key recovery tool | Cointelegraph
dYdX announces its own blockchain | CryptoPotato
🏦 Wallstreet & Venture
BlackRock’s Bitcoin ETF is re-listed on DTCC | @Watcher Guru
Rumors of Ark ETF being listed on DTCC are false | Decrypt
DTCC website goes down amid yesterday’s madness | @WatcherGuru
Grayscale launches Crypto Sector Index Series | The Block
Hytopia raises $3M, led by Delphi Ventures | Blockchain Gamer
Rymedi raises $9M from Avalanche’s Blizzard Fund | The Block
Triple-A raises $10M for white-label crypto payments | TechCrunch
Shrapnel raises $20M for Call of Duty style game | The Block
🏛️ Legal & Regulatory
SEC charges BlackRock $2.5M for improper disclosures | Reuters
Senators introduce PROOF act for proof of reserves | Decrypt
BlockFi back from bankruptcy, enables withdrawals | Cointelegraph
FTX moves $8.6M to Binance for asset recovery | The Block
Ex-SEC attorney says ETF approval isn’t a given | @BitcoinMagazine
IRS extends comment period on new crypto tax rules | Blockworks
🌎 Rest of the World
Binance applying for crypto license in Hong Kong | The Block
World Bank rolls out first digital bond on Euroclear | Blockworks
India leads crypto adoption per Chainalysis report | The Defiant
🖼️ NFTs & Metaverse

Spectacular Shoutout
Thanks for the shoutout @IRCAdam1!
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I get almost 2000 emails a week related to crypto, but Specs is the one I make time for most. It's super simple, quick to scan through & easy to deep dive without feeling like I'm missing out on other areas- With Specs, I feel I get the rounded daily… twitter.com/i/web/status/1…— Adam (@IRCAdam1)
4:40 PM • Oct 11, 2023