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- 10/26/23: SBF Pulls An Elizabeth Holmes ⚖️🏦📜
10/26/23: SBF Pulls An Elizabeth Holmes ⚖️🏦📜
Top News
⚖️ SBF to take the stand and testify at his trial | New York Magazine
🏦 JP Morgan handles $1B daily transactions on JPM Coin | CoinDesk
📜 UK passes bill to make seizing & freezing crypto easier | CoinDesk

⌐◪-◪ → I know I said I’m getting tired of the SBF headlines, but this time it’s different. After sitting through his case silently, SBF is finally taking the stand. This could be the climax we’ve all been waitng for, with folks semi-joking that SBF may accidentally talk himself into the death penalty. Whatever he asserts/denies, he’ll be up against 3x witnesses according to his lawyer. In the meantime, check out the new SBF documentary, and Carlo⚖️.eth’s IRL experience at court in NYC.
⌐◪-◪ → $1B in daily transactions is pretty impreessive. For context, Uniswap did $961.57M of volume over the last 24 hours. But what exactly is trading? Onyx is JP Morgan’s platform for tokenizing traditional assets like US treasuries, mortgage backed securities, etc. - with participants including Goldman Sachs. Looks Onyx is finding product/market fit, and may very well completely decimate traditional business credit lines - unlocking true intraday liquidity.
⌐◪-◪ → You guys probably already know where I’m going with this, so without further adieu - not your keys, not your crypto. Seriously though, if it CAN be regulated it WILL be regulated. Blockchain was created to eliminate any single point of failure - or requirement of trust - in favor of an entirely peer to peer electronic cash system. So, while headlines like this might feel bearish, remember that you can (and should) always self custody your crypto.

Peripheral Vision
⛓️ Crypto & DeFi
Bitcoin developers torn on Lightning Network vulnerability | DLNews
$13.3M of SIM swap scams unraveled by ZachXBT | @zachxbt
Mastercard teams up with MoonPay on customer loyalty | CoinDesk
RUIN, a feature documentary about the SBF saga drops | Bloomberg
1st tokens on Uniswap, HayCoin, being collected | CoinDesk
CNBC anchor says, “prepare for the halvening” | @BitcoinMagazine
LayerZero introduces omnichain token | The Block
Elliptic says the scale of crypto terrorism funding is tiny | The Block
Unciphered offers to recover $244M in lost BTC | Cointelegraph
🏦 Wallstreet & VC
Ricardo Salinas says Bitcoin is a “way of life” | @BitcoinMagazine
Anboto Labs raises $3M for custodial trading platform | The Block
Deutsche Bank trials SWIFT alternative for stablecoins | CoinDesk
🏛️ Legal & Regulatory
Sen. Warren finds support in US House for crypto regs | The Block
Hashdex meets with SEC about ETF application | @BitcoinNewsCom
Bitwise updates ETF application after SEC feedback | @BTC_Archive
JPMorgan says SEC rejection of ETFs could cause lawsuits | The Block
Gensler, true to form, says crypto is full of fraud & scams | The Block
🌎 Rest of the World
Japan implements new law to regulate stablecoin issuance | CoinDesk
Freshman Mexican Senator wants to make BTC legal tender | Decrypt
Nigeria’s currency crisis leads to stablecoin adoption | DLNews
Circle partners with Taiwan’s BitoGroup and FamilyMart | The Block
Argentina’s 3rd-place candidate supports Milei | @BitcoinMagazine
🖼️ NFTs & Metaverse
ApeCoin DAO rejects prop to cut salaries 50% | @BoredApeGazette
Snofro Velocity Series mints out earlier today | @Tyler_Did_It
Lebron caught rocking RTFKT x Rimowa collab | @nftnow
Parallel Games adds 120+ NFTS to expansion pack | Decrypt
Memeland token sale hits $10M in just 42 minutes | CoinDesk

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