JPMorgan’s crypto forecast suggests a 20% drop in Bitcoin’s hashrate after the next halving. Some even connected the price of Bitcoin to McRib and stocks, while Jim Cramer predicted a sharp decrease. However, experts claim that no decline is expected. Binance’s $1 billion industry recovery fund, set up after the FTX disaster, underperformed and the trading volume dropped 52%, to its lowest level since public listing. The movie ‘The Quiet Maid’, funded by NFTs, secured a global sales deal.
In the legal event of the crypto century, Sam Bankman-Fried made astonishing revelations at the start of the trial. Twitter Thread was drafted to announce the possible closure of Alameda Research two months before the FTX collapse. Caroline Ellison made claims about Alameda Research’s ties to international government officials and a former engineer said poor security practices cost the company $200 million due to phishing attacks. Also, a Coinbase director said Alameda Research traded over $39.55 billion USDT in 2021.
In Brazil, four people were indicted by the congressional committee, including Binance’s senior executives. Meanwhile, a US federal court ordered mediation in the BlockFi dispute and Three Arrows Capital had a dispute over the $284 Million Payments. Trader Joe’s supermarket sued the Trader Joe DEX for trademark infringement federally. BarnBridge DeFi protocol opened token-holder voting in response to SEC actions and fines. Binance and Revolut were sanctioned by the FCA for not updating their apps to conform with its new regulations. Binance UK’s partner, RebuildingSociety.com, was fined for financial promotions and added 143 crypto exchanges to its warning list. Cyprus announced hefty penalties on unregistered crypto asset service providers.
Circle announced that it will begin minting USDCs directly on the Polygon network. Bitstamp revealed that the three largest corporations were in discussions with European JPMorgan about crypto services. BlackRock conducted the first blockchain collateral settlement. Barclays is part of a consortium of Japanese companies that are set to launch a digital currency based on the yen in July 2024. Russia’s Central Bank argued that its digital ruble allows citizens to make payments abroad without using SWIFT. Nigeria’s e-naira, its digital currency, will not be a danger.
A businessman in India had his crypto taken by a thief linked to Hamas. In the run-up to the attack, the attackers received $41,000,000 in cryptocurrency. Hong Kong Police issued an alert following 11 Binance phishing scams. Crypto exchange HTX recovered the $8 million that was lost due to a recent security breach. Avalanche-based Star Arena recovered 90% of the stolen funds and offered a 10% bounty.
It’s time for a joke! GM, Cryptoverse!
How was everyone’s week? Let’s check out the market. Oh, the times they have changed. And another! How can you own stuff and still be happy? What’s wrong with you, then? We’ve reached out to ETH holders for a comment. And discuss. Are they, though? Zero mercy. You can also look like her! Fall 2023 is the courtroom season. In case you weren’t following. Looks legit. Every story is twisted. Sure. …I can’t even… Sustainable. Remember, it’s a race. Some things are difficult to believe. And a documentary about auditors following auditing. Livestream footage.
