- BTC Tops $37k With FTX Exploring Sale & Reboot
BTC Tops $37k With FTX Exploring Sale & Reboot
SBF found guilty, BTC tops $37k as we approach April halving, and 3 bids placed to buy and reboot FTX -- plus the top news, stats, and reports of the week in crypto.
Price performance since we began writing Coinstack in January 2021
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💵 Weekly Crypto Fundraises & Deals
Here are all the crypto fundraises we heard about this week, ranked by size…
🗞️ Crypto News Recap: The Top 5 Stories
Welcome back to This Week in Crypto… everything you need to know in one scannable format. Here are the top 5 stories of the week…
Bitcoin Tops $37K for First Time Since May 2022 as 'Short Squeeze' Bumps Prices Amid BTC ETF Optimism - Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices. Bitcoin has surged recently amid optimism U.S. regulators will approve ETFs that hold BTC, something some experts believe will lure a flood of investment money into the original cryptocurrency.
FTT Token Jumps 90% as Gensler Seemingly Paves Way for FTX Reboot - There are reportedly several groups in the running to take over FTX following last week's trial that saw the company's founder, Sam Bankman-Fried, receive a guilty verdict on seven criminal charges. FTX has received multiple bids for a potential restart, investment banker Kevin Cofsky of Perella Weinberg Partners said Tuesday. At least three bidders are in the running to buy the exchange, which traded tens of billions of dollars a day at its peak."Do it within the law," Gensler said in relation to reports of buyers emerging for the failed crypto exchange. FTT is currently trading at a seven-month high of $2.30 with trading volume over the past 24 hours exceeding $300 million,
⚖️ Guilty: Sam Bankman-Fried Convicted of FTX Fraud:A jury of nine women and three men found FTX founder Sam Bankman-Fried guilty of seven fraud and conspiracy charges on Thursday in the former crypto mogul’s high-profile criminal case.
⚖️ SEC seeks summary judgment in lawsuit against Terraform, Do Kwon: The Securities and Exchange Commission has asked a New York judge to make a decision in its lawsuit against Terraform Labs and its co-founder Do Kwon without a full trial.
⚖️ PayPal hit with SEC subpoena over its PYUSD stablecoin: Payments giant PayPal is currently under regulatory scrutiny by the United States Securities and Exchange Commission in connection with its PYUSD stablecoin.
⚖️ US Supreme Court agrees to take up Coinbase case involving arbitration jurisdiction: The U.S. Supreme Court announced on Friday that it would hear a case involving Coinbase and whether a dispute involving a Dogecoin sweepstakes can be settled through arbitration.
⚖️ Sam Bankman-Fried Lambasted by Prosecutor Right Before Jurors Began Deciding His Fate: SBF Thought 'He Could Fool the World': The jurors were dispatched Thursday afternoon to do their duty – reviewing the seven fraud and conspiracy charges Bankman-Fried faces – after Judge Lewis Kaplan finished reading them 60 pages of instructions.
💬 Tweet of the Week
📊 Key Stats of the Week
Here are the most important and interesting stats in crypto this week...
1. BTC dominance has declined from 53.1% to 51.5%, caused by non-ETH altcoins pushing higher. Simultaneously, Bitcoin derivatives markets are growing more optimistic.
2. Since September Solana has been a clear outperformer, with the SOL/ETH ratio back to pre-FTX levels.
3. Aptos Network ended Q3 strong with a notable surge in usage.
4. October was the second biggest month for DEX Volume on Solana since January 2022.
5. After looking dead in the water, Friend.tech (FT) activity revived from the dead over the last week. Impressively, the friend.tech app saw more volume than the entire Ethereum NFT market.
📝 Highlights from the Top Crypto Reports
Here are the top highlights from the best crypto research reports this week…
Dojo is a Cairo-based on-chain game engine for Starknet, aiming to use Cairo’s STARK-friendly language trait, to provide a best-in-class developer platform for high-quality blockchain games.
Dojo combines ECS game-dev with a blockchain dev stack, consisting of Torii (automatic indexer), Katana (gaming sequencer), and Sozo (development and deployment toolchain)
Dojo ecosystem applications span the range of open-economy RTS, MMO, TCG, and RPG games, especially where resources can be traded between players. Examples include Realms Eternum, Roll Your Own, Briq
Dojo creates blockchain-recorded, user-defined “autonomous worlds” that provide a new medium for creative expression, and Dojo and Starknet are well-positioned to become the industry-leading tech stack in this vertical
Dojo is a provable on-chain game engine for Starknet, providing developers with a toolkit to create high-quality games where all in-game assets, user actions, and transactions all take place on-chain on Starknet . Let’s explore Dojo’s use of the Cairo language, before discussing Dojo’s features and functionality. We will then examine some of the applications built using this novel on-chain gaming framework, and finally discuss some of Dojo’s implications for the evolution of on-chain gaming.
Dojo Features and Functionality
Dojo as a game engine contains a wide variety of subcomponents, including a Cairo-native ECS (Entity Component System), the Torii automatic indexer, the Katana gaming sequencer, and the Sozu development and deployment toolchain. Let’s walk through each of these in brief.
Entity Component System (ECS)
🎧 Top Crypto Podcasts of The Week
Here are the crypto podcasts that are worth listening to this week...
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Tracking the most important blockchain stories of the 2020s, including a decentralized internet and the creation of a new open global monetary system that works for everyone. As always, published for informational purposes only. Please do your own research. Just our opinions. Not intended as financial advice as we are not financial advisors. We may own some of the digital assets we write about as we believe strongly in the sector. Please do your own research. Published and written weekly by Ryan Allis and Mike Gavela.
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