– Former Alameda Research CEO Caroline Ellison testified at Sam Bankman-Fried’s trial, revealing her plans to step down before the collapse of Alameda but fearing a bank run on FTX.
– Evidence presented in court showed that Bankman-Fried was concerned about buying shares in Snapchat, raising capital from Saudi royalty, and getting regulators to crack down on Binance.
– The SEC reportedly will not appeal the court decision that favored Grayscale Investments, requiring the SEC to review the firm’s spot Bitcoin ETF application.
– Terraform Labs accused Citadel Securities of playing a role in the depegging of its TerraUSD stablecoin and filed a motion to compel the production of trading activity documents.
– Mastercard completed a successful trial involving wrapping central bank digital currencies (CBDCs) on different blockchains.
– Bitcoin is at $26,892, Ether at $1,551, and XRP at $0.48. Loom Network, Trust Wallet Token, and Tether Gold are the top altcoin gainers, while Mantle, Rocket Pool, and Avalanche are the top altcoin losers.
– Notable quotations include Grace Sabandar on blockchain education, the European Securities and Markets Authority on crypto-assets’ risks, and Caroline Ellison on her concerns about customer withdrawals from FTX.
– The price of Ethereum’s Ether token is trading at a 15-month low against Bitcoin, with potential downside risks in 2023.
– A CrypToadz NFT was bought for $1.6 million, raising questions about potential money laundering.
– Real estate-backed stablecoin USDR lost its peg to the USD after redemptions drained its liquid assets.
– Huobi Global’s HTX exchange recovered stolen funds and issued a bounty to the hacker.
– Zero-knowledge proofs show potential in areas such as voting and finance.
– Eleanor Terrett gained popularity for her commentary on the SEC v. Ripple lawsuit.
– SBF allegedly bribed Chinese officials, Binance clarified its account freeze policy, and the Huobi hacker returned stolen assets.