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  • 10/27/23: Bored Apes Win In Court 🐵🤬👶

10/27/23: Bored Apes Win In Court 🐵🤬👶

Top News

  • 🐵 Yuga wins $1.6M in landmark IP case vs. Rider Ripps | @nftnow

  • 🤬 Kraken to share user data with IRS next month | The Block

  • 👶 SBF blames his counsel repeatedly in self-testimony | Coindesk

⌐◪-◪ → Big win for Yuga as they battle test their IP in court. While Pauly & Ryder were certain they’d win due to the “satirical” nature of their ripp-off (pun intended), the courts disagreed. Now they have to pay $1.4M in profits, $200k in damages, Yuga’s attorney fees, and handover keys to all smart contracts. For their sake, let’s hope they didn’t invest all their profits into NFTs at the peak.

⌐◪-◪ → While it’s easy to get angry at Kraken for divulging user data, this could theoretically happen to any centralized exchange. At a certain point, you can’t say no to the government. Fortunately, Kraken pushed back on behalf of user privacy and narrowed a much broader inquiry to only transactions > $200k between 2016-2020.

⌐◪-◪ → SBF spent most of his testimony shifting the blame to FTX’s legal counsel. Meanwhile, the former prosecutor for Bernie Madoff’s case says this is not a valid legal defense; it’s an excuse. Lucky for Sam, though, his disastrous testimony wasn’t heard by the jury as the judge sent them home (a rare occurrence). Ultimately, this case isn’t about crypto; it’s about fraud.

Peripheral Vision

⛓️ Crypto & DeFi

  • Mastercard ships first batch of custom-NFT debit card | CoinDesk

  • dYdX chain officially launches on mainnet | The Block

  • LayerZero skips over Lido Finance’s governance | Decrypt

  • Solana launches incubator to drive protocol adoption | The Block

  • Arbitrum’s Orbit is ready for mainnet deployment | The Defiant

  • Floki devs launching TokenFi today, focused on RWAs | CoinDesk

  • Bitboy declares himself the Sultan of Solana | @BenArmstrongsX

  • Phishing scammers clone Etherscan, it doesn’t work | Cointelegraph

🏦 Wallstreet & VC

  • Citadel Securities denies it triggered LUNA collapse | Blockworks

  • Goldman Sachs says ETH’s Dencun will lower gas costs | CoinDesk

  • Access Labs raises $1.2M for Solana monetization | CryptoSlate

  • Moonveil raises $5.4M to develop web3 games | The Block

🏛️ Legal & Regulatory

  • Senator asks DOJ to criminally charge Binance | @WatcherGuru

  • FTX has likely sold at least $59M so far | @lookonchain

  • Satoshi imposter wins appeal case for billions of Bitcoin | CoinDesk

  • SBF “not sure” who sent customer funds to Alameda | @WatcherGuru

  • SBF thought it was legal to take FTX customer funds | @WatcherGuru

🌎 Rest of the World

  • Bank of England gets 50,000 responses on digital pound | CoinDesk

  • Google searches for “Buy Bitcoin” surges 826% in UK | Cointelegraph

  • Taiwan officially proposes crypto bill | The Block

  • Zodia Markets wins virtual asset registration in Ireland | CoinDesk

  • Over 80 BTC companies make El Salvador HQ | @BitcoinMagazine

🖼️ NFTs & Metaverse

  • NFT trading volumes 3x from 3 weeks ago | @Tyler_Did_It

  • ThankYouX land solo exhibit at Sotheby’s LA | @Sothebys

  • VeeFriends partners with Chuck E. Cheese | @veefriends

  • Claynosaurz launches plushies, like Pudgy Penguins | @Claynosaurz

Spectacular Shoutout

Thanks for the shoutout, Drew!

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