Business
Conor Grogan, Coinbase Director, claims that former FTX CEO Sam Bankman-Fried received 15% of the circulating supply of Raydium’s native token, RAY, before it was listed on the exchange in 2021.
DeFi
SushiSwap will close down its lending protocol Kashi and token launchpad Miso, due to design flaws and a lack of resources.
Bitcoin
Bitcoin core developer Luke Dashjr, who recently had $3.6 million worth of BTC stolen after his PGP (Pretty Good Privacy) key was compromised, advised Bitcoin Knots wallet users to not upgrade old versions of the software.
The Stock-to-Flow (S2F) model for predicting Bitcoin’s price has seen its largest deviation from reality to date, with BTC trading $90,000+ lower than the model’s estimates.
NFTs
A government-backed digital asset marketplace will be launched on Jan. 1 despite a blanket ban on trading cryptocurrencies still in place.