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SBF's Blame Game
Published on Oct 27, 2023

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NEED TO KNOW
SBF Passes Blame
  1. 😾 SBF passes the blame. SBF gave jury testimony, saying "a lot of people got hurt," but he didn't defraud anyone. SBF blamed everything on his lawyer.
  2. 👯‍♀️ Gemini sues Genesis. Gemini filed a lawsuit against Genesis over 60M GBTC shares being held as collateral, worth $1.6B.
  3. 👨‍⚖️ Yuga wins big. Yuga's suit against a Bored Apes copycat ended in $1.5M+ in damages and control over the smart contract.

Prices updated at 4:00 pm ET 24HR
Crypto Market Cap $1.24T ↘ 0.7%
Bitcoin $33,688 ↘ 1.0%
Ethereum $1,774 ↘ 1.0%

📈 Bondless. Crypto with a slight retrace but up big on the week. Gold on a tear breaking $2k. Long-term treasuries ETF near 20-year lows. This all has Arthur Hayes Arthur Hayes saying, "I don’t want to own the bonds of any country. Buy bitcoin."

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Bankless Guide to Mantle

Mantle is an optimistic-style rollup based on a fork of Optimism. Unlike traditional L2s, Mantle Mantle is pioneering a unique approach by setting up to leverage EigenLayer's upcoming EigenDA data availability solution, which is a first in the rollups scene. Since its mainnet launch in July 2023, Mantle has already amassed over $136M in total value locked, making it the 7th-largest L2 at the time of writing.

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A Weekly Rollup Halloween

Ryan and David unpack the week's biggest news in their Halloween costume best! Big news items of focus for the week include the WSJ's epic screw-up, SBF's moment at the stand and the week's massive market pump led by Bitcoin.

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Keine Finanz- oder Steuerberatung. Die Inhalte von Bankless dienen ausschließlich Bildungszwecken und stellen keine Anlageberatung oder Aufforderung zum Kauf oder Verkauf von Vermögenswerten dar. Dieser Newsletter ist keine Steuerberatung. Konsultiere deinen Steuerberater. Recherchiere selbst.

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