Hello Defiers! Here’s what we are covering today!
News
Opinion
Podcast
Video
Today’s Sponsors
 |
Minima is a new mobile-native layer 1 blockchain. Join hundreds of thousands of node runners on Minima’s Incentive Program, to start earning $MINIMA every day until Mainnet launch. Get started at minima.global/get-involved. |
 |
Metis Andromeda is a permissionless & secure Ethereum Smart Layer 2 creating the decentralized finance foundations for the web3 economy. Bridge Free & explore our ecosystem during our first anniversary! |
 |
Chainalysis is on a mission to build trust in crypto for a global economy built on blockchains. Learn more about our blockchain data platform and the work ahead here. |
News
FTX Crisis
FTX Finds $1B in Hundreds of Company Bank Accounts
New Management Corral Assets Under Bankruptcy Process as SBF Returns to U.S.
By Samuel Haig
FTX, the insolvent CeFi exchange, has unearthed $1B worth of assets including $720M in cash stored in hundreds of bank accounts, the company said in a court hearing on Tuesday.
Read the full story in The Defiant
NFT Marketplaces
ApeCoin DAO Set to Cut Ties with Administrator Over Fees
New CEO Joins Yuga Labs From Activision Blizzard
By Owen Fernau
Decentralized organizations run entirely on blockchains have been one of crypto’s most promising, but also most challenging applications. In the latest chapter in the world of decentralized autonomous organizations (DAOs), ApeCoin DAO, which governs the APE community, is on the brink of terminating its relationship with the firm handling its administration.
Read the full story in The Defiant
Sponsored Post
Glo is the anti-poverty stablecoin. When its market cap goes up, extreme poverty goes down.
Glo is a nonprofit. When you hold Glo, you generate basic income for someone in extreme poverty. This happens completely automatically, at no cost to you.
On average, every ~$18K of Glo in circulation lifts one person out of poverty in countries like Kenya and Liberia.
Example. The ENS DAO (they govern .eth domains) holds $2.5 million of USDC in its treasury. If they use Glo instead, they’ll generate basic income for 140 people in extreme poverty. At no cost to the DAO.
That’s it. That’s the whole deal.
When stablecoins like USDT grow in market cap, the company behind the stablecoin profits. Glo works the same, except we donate 100% to people in extreme poverty via GiveDirectly.
Let’s show the world how crypto can give, not just take. We’re launching Q1 2023. Join the waitlist here.
DEXs
Uniswap Allies With MoonPay to Bolster Debit Card Transfers
DeFi Exchange’s Deal Also Supports Credit Cards and bank Transfers
By Samuel Haig
In a deal designed to grow its fiat business, Uniswap Labs, the team behind the No. 1 decentralized exchange by trade volume, joined forces with MoonPay, a crypto payments provider, the companies announced Tuesday.
Read the full story in The Defiant
Opinion
It May Take Time But Web3 is Coming — History Tells Us So
Technology Revolutions Take Time to Break Through and Web3’s Promise Remains Strong
By Jsson Xia
This year we’ve watched web3 morph from a hyped new chapter for the internet into an empty promise. The bear market and the series of crypto scandals — Terra, Celsius, FTX — did much of the damage.
Read the full story in The Defiant
Defiant Video
Daily Defiant
Can CZ’s Binance weather the storm?
[embedded content]
Defiant Podcast
BitGo’s Mike Belshe on What’s Next for WBTC & Crypto Custodians
[embedded content]
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://thedefiant.io/ftx-finds-1b-in-hundreds-of-company-bank-accounts/
