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FTX Mayhem: One Year Later $

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FTX Mayhem: One Year Later $
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FTX Mayhem: 1 Year Later
Published on Nov 6, 2023

Sponsor: Kraken — Sign up for an account and see what crypto can be.

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NEED TO KNOW
UK Wants Stables
  1. 🇬🇧 UK pushes for Stablecoins. UK regulators are pushing forward proposals to bring stablecoins into the "real economy," wen USA?
  2. 🦧 Yuga taking on OpenSea? The BAYC maker is partnering with Magic Eden Magic Eden to build a marketplace that enforces royalties.
  3. 🌝 Simpsons skewer NFTs. The Simpsons turned Bart into an NFT this week, and it honestly feels like a bottom signal. See what NFT projects you can spot!
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TODAY IN MARKETS
Illegal Shorts

📊 Sayonara Shorts. South Korean financial authorities banned short-selling until next June. Korean tech index KOSDAQ posted its largest single-day gain in history, but the move begs the question: is crypto the only free marketplace?

Prices as of 4pm ET 24hr 7d
Crypto $1.33T ↗ 0.6% ↗ 4.7%
BTC $34,986.85 ↘ 0.1% ↗ 1.6%
ETH $1,893.08 ↗ 0.4% ↗ 4.9%
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OPINION
What Did FTX Teach Us?
Bankless Writer: William Peaster

One year ago, FTX collapsed. The industry lost plenty of money in the following days, but it also lost plenty of trust. 1 year later, what demons have we conquered, and where do we still have work to do?


FRIEND & SPONSOR: KRAKEN

Kraken Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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LATEST PODCAST
The Bull Case for $COIN
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This is our first time ever covering a TradFi stock! However, Coinbase is a different beast… it's a behemoth.

Today, we’re bringing on two analysts–independent researcher Jay (0xJaypeg) and Delphi Digital analyst Michael Rinko.

Today’s episode is all about $COIN, the asset. Down from its ATH of $342/share in Nov. 2021 to $85 today—and with a current market cap of $17.8B— are you bullish $COIN? Why or why not?


🗣️ Want to hear all of Ryan and David's thoughts on their latest conversation about $COIN? Bankless Citizens get the extra scoop every week.

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Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

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