FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.
The Protocol: Coinbase Blockchain’s Viral Use Case Puts Focus on Optimism’s Tech
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase’s new Base blockchain, Shiba Inu community’s “Shibarium” network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
Hacked Crypto Exchange Cypher Plans to Hold Public Token Sale
Cypher’s IDO will test whether it can recapture momentum.
Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading
Nate Chastain, the former head of product at NFT platform OpenSea, has received a three month prison sentence for making tens of thousands of dollars worth of insider trades during his tenure at the NFT company.
Binance Needs to Get Off Twitter
Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)
Balancer Depositors Pull Nearly $100M in Crypto After Vulnerability Warning
Ethereum-based DeFi major Balancer learned of a “critical vulnerability” that imperils a slice of the protocol’s user-deposited crypto.
BNB Token Stumbles to 1-Year Low Amid Mounting Scrutiny Over Binance
BNB, formerly known as Binance Coin, dropped to as low as $204, lowest since late June 2022.
Meet Botto, the AI-Artist That Mints Its Own NFTs
Botto is part AI, part human community, part DAO, and part experiment on the way to artistic singularity. Jeff Wilser meets its creator, Mario Klingemann.
Privacy Mixer Tornado Cash Is an Entity, Judge Says
(iamthedave/Unsplash)