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SBF's Blame Game $

gm Bankless Nation, SBF passed the blame & Ryan and David got dressed up for Halloween.
Bankless Bankless Oct 27, 20233 min read
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SBF's Blame Game $
SBF's Blame Game
Published on Oct 27, 2023
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Sponsor: Kraken — Sign up for an account and see what crypto can be.

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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 saying, "I don’t want to own the bonds of any country. Buy bitcoin."

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LEARN
Bankless Guide to Mantle

Mantle is an optimistic-style rollup based on a fork of Optimism. Unlike traditional L2s, 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.

Learn all about Mantle with out latest update to Bankless Guides!


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LATEST PODCAST
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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ALPHA OF THE WEEK
What We're Buying
  • 🟠 BTC: Dominance up!
  • 🔵 SNX: Fee-generating machine!
  • ⚫️ FXS: Soaking in V3 launch!
  • 🟣 SOL: Diversifying L1 exposure!
  • ⚫️ DYDX: Front running V4!

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