December 7, 2022

Democratic congressman Ritchie Torres is calling for an independent investigation into the SEC’s failure to prevent the collapse of crypto exchange FTX.

• In a letter addressed to the GAO, Torres criticizes SEC chair Gary Gensler for claiming exclusive regulatory dominion over crypto exchanges while simultaneously failing to meaningfully regulate them. •...
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Solana Serum replacement found in OpenBook

•Solana devs are rebuilding after Sam Bankman-Fried’s FTX exchange and Serum platform collapsed. • They are replacing Serum with OpenBook, and trying to plot a course for the future of...
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Warner Music Group Launches Web3 Music Platform While Winamp Joins 

New potential ways to earn in web3 for musicians •Warner Music Group is launching a web 3.0 music platform in collaboration with e-commerce platform builder LGND.io and Polygon. • The...
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Republican Madison Cawthorn Fined for promoting anti-president crypto

•Madison Cawthorn, a GOP congressman from North Carolina, has been fined by the House Ethics Committee for promoting a cryptocurrency in which he had invested $150,000. • The cryptocurrency in...
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Grayscale’s Troubles with Hedge Fund Fir Tree Capital

•Hedge fund Fir Tree Capital is suing Grayscale Investments over potential mismanagement and conflicts of interest at the firm’s flagship Bitcoin fund. • The lawsuit comes as Grayscale Bitcoin Trust’s...
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CZ States Sam Bankman-Friend Is A “Master Manipulator”

CZ says that Sam Bankman-Fried was a “master manipulator” and a “fraudster.” • CZ believes that FTX’s collapse was caused by SBF stealing user funds. • CZ denies any responsibility...
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What We Know About Alameda Research’s Illiquid Investments

Who or what has been brought to light? •In the months before FTX’s collapse, it was revealed that the crypto exchange had diverted $4 billion of company funds to prop...
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