Business
Neptune Digital was the first firm to confirm acquiring SOL from the FTX estate at a 67% discount to market price.
Regulation
A large element of Judge Kaplan’s 25-year prison sentence for Sam Bankman-Fried stemmed from the FTX founder’s philosophy on expected value.
As the disgraced founder is handed a quarter of a century behind bars, the crypto world debated the fairness of the sentence and its implications.
Judge Lewis Kaplan said he felt Bankman-Fried needed to have a long sentence because of his approach to viewing actions in terms of “expected value.”
Ethereum
It’s been just under two weeks since Ethereum’s Dencun upgrade brought down gas fees for layer 2 networks with blob carrying transactions, but a new protocol called Ethscriptions is reversing much of that effect.
BlackRock’s Larry Fink is still optimistic about the asset manager’s chances of listing an ether ETF even if the SEC considers the asset to be a security.
Increased developer activity, active meme culture, and its relationship with the largest crypto exchange in the U.S. are three reasons that have fueled a 130% rise in Base’s total locked value this year to more than $1 billion.
Sentencing guidelines call for criminals receiving longer than a 20-year sentence to serve in either a high-security or medium-security facility, but experts say there’s a good chance SBF will avoid those unpleasant scenarios even if he gets a lengthy sentence.
One of the biggest fraudsters in history is about to face the consequences of his incredibly poor decisions.
The court’s rejection of Coinbase’s motion sets the stage for a prolonged legal battle in which the legal status of up to 12 tokens will be addressed.
