gm on the first weekend of the new year. While the past week has sadly brought more layoffs from crypto companies including Silvergate, Genesis, SuperRare, and Huobi, it also brought green to the screen. All of the top 20 cryptocurrencies have risen over the past seven days, and no coin more than Solana. Enjoy your weekend after you catch up on the news below.
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Disgraced FTX founder Sam Bankman-Fried showed his face in New York federal court on Tuesday, pleading not guilty to eight counts of financial crimes related to the November collapse of the crypto exchange and sister firm Alameda Research.
It’ll be quite some time before the actual trial gets underway, however, with a date set for October 2—nine months away. SBF’s attorneys also convinced the judge not to reveal the names of the other bond signatories besides his parents, citing potential threats to their safety. Bankman-Fried is in truly odd company here: his attorney Mark S. Cohen previously did the same for socialite Ghislaine Maxwell, the convicted sex trafficker and Jeffrey Epstein ally.
💰 Coin of the Moment
The latest dog-themed token to skyrocket in value is BONK on Solana, and it’s seeing the same kind of volatile surges and steep drops that have marked meme precursors like Dogecoin and Shiba Inu in the past.
BONK launched last month and began spiking this week, though it has had volatile ups and downs. Momentum around BONK appeared to lift the fortunes of Solana (SOL) itself, with the coin rebounding 30% in the past week.
Zora sees itself as more than just an NFT marketplace; its next era is about helping people easily launch a DAO. Zora Co-founder Jacob Horne joined Dan Roberts and Andrew Hayward to talk competition, the NFT speculative boom and bust, how Zora and Nouns are connected, and why Zora thinks DAOs are the future.
Sander on the Street is back! Decrypt’s Sander Lutz walked the red carpet and accosted attendees as they arrived at the inaugural Crypties awards gala in December 2022 at Art Basel in Miami, presented by Decrypt Studios.
