– Caroline Ellison, former CEO of Alameda Research, 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 won’t appeal the court decision favoring Grayscale Investments, requiring them to review the firm’s spot Bitcoin ETF application.
– Terraform Labs accused Citadel Securities of playing a role in the collapse of its stablecoin, TerraUSD, and filed a motion to compel the production of trading 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 of the week.
– Ethereum’s price against Bitcoin hit a 15-month low, raising concerns about further downside risks in 2023.
– A CrypToadz NFT was bought for $1.6 million, raising questions about potential money laundering.
– USDR stablecoin lost its peg to the USD after a rush of redemptions, resulting in a complete loss on investment for some traders.
– HTX recovered stolen funds and issued a bounty to the hacker.
– Zero-knowledge proofs show potential beyond crypto, from voting to finance.
– Eleanor Terrett gained popularity for her commentary on the SEC v. Ripple lawsuit.
– SBF allegedly bribed Chinese officials with $150 million, Binance clarified its account freeze policy, and the Huobi hacker returned stolen assets.