BTC and ETH prices are barely changed from last Saturday, but that looks like a lucky escape considering the damage some other top coins have seen in the past week amid continued FTX contagion effects. Speaking of FTX, after a series of back-and-forth, weirdly performative tweets between SBF and Maxine Waters, SBF appears to have agreed to testify in a congressional hearing on Tuesday. We’ll be covering it closely for you. Will Sam say anything more revealing than the same excuses he’s repeated in multiple media interviews over the past two weeks?
Masterworks : Hedge against inflation with multimillion-dollar artworks Fine art has: Outperformed the S&P 500 by 174% over the past 25 years. A low correlation (0.12) to the S&P 500. Historically shown strong appreciation in high inflation periods. Since 2018, Masterworks has generated an eye-popping 29.03% net annualized realized returns.
Called ConstitutionDAO2 (clever!), the new organization is trying to buy a different copy of the historical document that Sothebyâs will auction on December 13. With just days before the sale, however, this new organizationâa coalition of other existing DAOsâhasnât generated anywhere near the same kind of buzz as the first attempt. Just $175,000 has been publicly raised so far.
đ° Coin of the Moment
One of this weekâs biggest gainers is definitely unexpected, given its performance over the past several months. Axie Infinityâs AXS governance token is up about 18% over the past seven days, coming close to the $10 mark for the first time in a month but falling slightly since. Axie Infinity was the darling of the NFT world in 2021, but its play-to-earn model collapsed early this year, and AXS lost 95% of its value since its 2021 peak.
Tezos co-founder Kathleen Breitman has been in crypto since the beginning and has seen a lot of cycles and failures. She joined Stacy Elliott and Dan Roberts and brought the fire on FTX and Sam Bankman-Friedâs mismanagement, âdecentralization theater,â Tezosâs reputation and positioning, crypto sports marketing, and NFTs.
Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco on November 3 for an extensive panel on raising venture money during Crypto Winter.
We don’t know quite what to say about this one, but BitMEX founder Arthur Hayes retweeting this image someone else made of him eating SBF and calling SBF “soy boy” was Very Crypto Twitter. (Source)
