October 18, 2022       /       Unchained Daily       /       Laura Shin

What’s Poppin’?

FTX US and Sam Bankman-Fried Are Under Investigation by Texas Regulator

by Juan Aranovich

Sam Bankman Fried and his companies FTX and FTX US are being investigated by regulators of the State of Texas, which could prevent FTX’s purchase of Voyager Digital’s assets.

Aptos Mainnet Goes Live But the Crypto Community Is Skeptical

by Samyuktha Sriram
On Oct. 17, Aptos Labs confirmed the launch of its mainnet – Aptos Autumn, but some industry watchers have raised questions about the blockchain’s tokenomics and transaction speed.

Terra Developers Revise Expansion Proposal With 95M LUNA Allocation

by Samyuktha Sriram
Developers have proposed a revised expansion plan for the Terra ecosystem, citing a few issues with the structure of the original proposal.

Ethereum Developers Can Test New EIPs on Pre-Shanghai Testnet ‘Shandong’

by Samyuktha Sriram
The Ethereum Foundation has launched a pre-Shanghai testnet dubbed “Shandong” that will allow developers to test EIPs scheduled to be deployed with the upcoming network upgrade.

Malicious Miner Produces Empty Blocks on Bitcoin SV

by Samyuktha Sriram
A malicious miner with the majority of hash rate is producing empty blocks on Bitcoin SV which has led to mempools being filled with millions of transactions.

Mastercard Launches Crypto Trading for Banks

by Samyuktha Sriram
Mastercard has launched a new program called “Crypto Source” for banks to integrate crypto trading functionalities with their existing systems.

In Other News… ✍️✍️✍️

  • The SEC and the CFTC are probing bankrupt crypto fund Three Arrows Capital.
  • Billionaire Gemini co-founder Cameron Winklevoss resigned as a director of Gemini Europe.
  • Bitcoin miner Digihost risks being delisted from the NASDAQ after violating the exchange’s listing compliance.
  • Frax Finance, a decentralized stablecoin issuer, will launch its own liquid staking derivative on ether within two weeks.
  • Amid ongoing crisis in the sector, Binance will offer a crypto cloud mining product from next month.
  • The liquidators of Three Arrows Capital are seeking to issue subpoenas to the company founders in alternative ways.
  • Executives from BNY Mellon said the bank launched crypto services due to client demand.
  • Ripple tested its XRP Ledger Ethereum compatible sidechain.
  • The government of Japan toughened anti-money-laundering rules for crypto.
  • Coinbase threatened to sue users who profited from a pricing flaw in Georgia.
  • LiveArt, an NFT platform, burned 197 Seven Treasures NFTs that were stolen in a hack over the weekend.

The $$$ Corner…

  • Polychain, Hypersphere and Arrington led a $4 million seed round  for Tapio Protocol.
  • Yoloyolo, a platform that connects NFT owners and brands to sell merchandise, raised $3.5 million in seed funding.

What Do You Meme?

Recommended Reads

  1. Tom Wilson and Angus Berwick from Reuters on Binance CEO Changpeng Zhao
  2. exlawyer.eth on central bank digital currencies
  3. forecastooor on Ribbon Finance

On The Pod…

o Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices, and much more. Show highlights:

  • whether Do finds the charges based on the Capital Markets Act legitimate
  • why he doesn’t want to discuss his location
  • whether the South Korean government is lying about the accusations against him
  • what happened with the BTC held by the Luna Foundation Guard
  • whether Do regrets being so arrogant in his tweets
  • what he would say to the people who lost huge amounts of money in Terra or family members of people who committed suicide due to its collapse
  • the decision to set Anchor’s yield near 20%
  • why Terra had a large SDT pre-mine that was not proactively disclosed
  • whether Do’s actions show he didn’t think that the algorithmic mechanism was sufficient to keep UST pegged to the dollar
  • whether Terraform Labs cashed out $2.7 billion using Degenbox
  • why there were no disclosures about Chai terminating its agreement with Terra
  • why the Terra blockchain went through a hard fork without a public discussion
  • the failure of the basis cash stablecoin, also worked on by Do Kwon
  • whether an algorithmic stablecoin can work
  • the week of the UST depeg and what happened to the funds held by LFG
  • where the 3 million Luna unlocked per month by Project Dawn went
  • when the LFG will return funds to UST holders
  • what Do would do differently if he had the chance to go back

Book Update

My book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze, which is all about Ethereum and the 2017 ICO mania, is now available!

You can purchase it here: http://bit.ly/cryptopians