As contagion from the FTX collapse continues—it claimed BlockFi this week, and Genesis remains on health watch—Sam Bankman-Fried has been far from silent, giving interviews to the New York Times, Good Morning America, New York Magazine, and multiple Crypto Twitter influencers. His explanations of FTX’s failure have not gone over well with the crypto community. As regulators circle and threaten more oversight, Bitcoin, Ethereum, and other leading coins went up in the past week, seeing healthy gains for the first time in quite a while.
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Apple find itself at war with crypto apps. Crypto companies are joining the pushback against Apple and its 30% fee on App Store transactions, joining the likes of Epic Games and Elon Musk in complaining about the tech giant’s walled garden tax.
On Thursday, Coinbase said that it was forced to remove NFT transfers from its iOS wallet app, because Apple wanted a 30% cut of the Ethereum network gas fees that users pay to make transactions. Coinbase said it’s “not possible” to accommodate that request.
MetaMask co-founder Dan Finlay joined the growing movement on Friday, tweeting that he assumes his popular wallet app is next to be targeted and that he will “absolutely stand in solidarity” with Coinbase and other Web3 allies. “I’m ready to dump the Apple ecosystem,” he wrote. “The 30% tax is an abuse of monopoly.”
💰 Coin of the Moment
Meme coins are prone to volatile market swings, and Dogecoin has certainly proved that out since Musk’s Twitter takeover. Over the last week, DOGE jumped 23% in value amid continued speculation that the social media giant will indeed integrate DOGE for payments, despite recent reporting that it had paused work on a crypto wallet.
Even with that recent bump, DOGE is still down by more than 30% from November’s peak price, and has fallen a whopping 86% from last year’s all-time high price set in May 2021.
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-Fried’s mismanagement, “decentralization theater,” Tezos’s reputation and positioning, crypto sports marketing, and NFTs.
