October 21, 2022       /       Unchained Daily       /       Laura Shin

What’s Poppin’?

Ripple Claims a Major Win on its Case Against the SEC

by Juan Aranovich

Stuart Alderoty, General Counsel at Ripple, confirmed that the company obtained the Hinman documents in the case against the Securities and Exchange Commission.

Mango Markets $42M Reimbursement Proposal Passes

by Samyuktha Sriram
The Mango Markets DAO has readied $42 million worth of USDC to reimburse the protocol’s depositors after last week’s exploit.

Tether’s “USD₮” Tokens Are Now Available Across 24,000 ATMs in Brazil

by Samyuktha Sriram
Tether’s USD₮ tokens are now available in Brazil’s Banco24Horas ATMs through SmartPay. Tether CTO Paolo Ardoino expects the integration to include more people in the financial system.

Ethereum Records First Deflationary Month In History

by Samyuktha Sriram
Ethereum’s net issuance has fallen below its burn rate, marking the first month of the blockchain being deflationary since the Merge.

Ethereum Transaction Fees Fell 79% in Q3

by Samyuktha Sriram
The average transaction fee on Ethereum declined 79% over the last quarter to a low of $2.61.

In Other News… ✍️✍️✍️

  • Crypto exchange Kraken restricted Russia-linked accounts to comply with sanctions.
  • Law firm Roche Freedman parts ways with its founder Kyle Roche following the Ava Labs scandal.
  • Craig Wright, the man who claims he is BTC creator Satoshi Nakamoto, lost a lawsuit against Hodlonaut.
  • State securities regulators filed cease-and-desist orders against Slotie NFT, a metaverse casino, for allegedly selling NFTs illegally.
  • The token of Axie Infinity AXS may be under pressure due to a $215 million unlock.
  • DeFi platform SushiSwap is proposing to update the structure of its DAO.
  • The head of the Federal Deposit Insurance Corporation suggested limiting stablecoins to permissioned blockchains.
  • PancakeSwap, the largest decentralized exchange on the BNB Chain, is looking to expand to newly launched blockchain Aptos.

Today in Crypto Adoption…

  • Warner Bros will release NFTs for its famous film “Lord of the Rings.”
  • Coinbase removed fees to buy stablecoin USDC with any fiat currency on its platform.

The $$$ Corner

  • Edge Capital Management, a crypto hedge fund, raised $66.8 million for two DeFi funds.
  • Multicoin Capital led a $7.5 million funding round for Mercury, a sport fan experience platform.
  • DeFi investment app Boku raised $6.5 million but a co-founder denies it.

What Do You Meme?

Recommended Reads

  1. tunez.eth on 40 truths about crypto
  2. Delphi Ventures on modular blockchains and Celestia
  3. The Tie on the future of app-chains

On The Pod…

Fat Man Terra, the anonymous Twitter account dedicated to bringing Do Kwon to justice, reacts to my recent interview with Do Kwon and says what he thinks it revealed about his personality. Show highlights:

  • why Fat Man Terra created the Twitter account
  • whether Terra was used to enrich insiders
  • how Fat Man believes Do Kwon evaded questions in the interview with Laura
  • whether Do lied about Chai to misrepresent the success of UST and LUNA
  • why Fat Man believes some people will never admit wrongdoing
  • what he thinks of Do’s response to the stories of people losing everything and whether he is actually sorry
  • what he calls Do’s lack of transparency about his history
  • what he believes is the need to make an example out of the collapse of Terra and Do’s failure

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