Business
As part of his sentence, SBF was ordered to forfeit a whopping $11 billion in assets, but what will he really end up paying? And how much time will he actually spend in prison?
Polygon’s chief information security officer says he was disqualified from Arbitrum’s new Security Council election despite having the highest number of votes due to conflict of interests.
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.
