First SBF prison photo appears!
#5 Crypto Crib Newsletter
Welcome folks, we bring you another week of endless drama in the crypto world. In a recent interview with Tiffany Fong, an ex-cellmate of Sam Bankman-Fried revealed first photo of him straight out of prison.
Saylor to continue buying Bitcoin Michael Saylor is a true bull and it’s evident in his latest statement where he said he will continue buying Bitcoin in the future as it “is technically superior” and there’s “no reason to sell the winner to buy the losers”.
Bitcoin Futures OI hits $22.9B, highest since Nov 21 In technical aspects, Bitcoin Futures Open Interest hit $22.9B, which is the highest it has ever been in over 2 years. This signals a significant momentum shift in the market.
Do Kwon to be extradited to the US Imprisoned entrepreneur and founder of Luna (Terraform Labs) is likely to be extradited to the US following his arrest last year in the aftermath of Luna death spiral. It was long expected to happen and he may share the prison with SBF, infamous founder and CEO of fraudulent exchange FTX.
Reddit invests in BTC, ETH with excess cash; Uniswap token pumps 40% post revenue share proposal Reddit has revealed that they have been investing their excess cash in BTC and ETH and they will continue to do so. This sets a positive precedent for other companies to follow suit signalling a brighter future ahead. On the other hand, Uniswap Token jumped 40% right after a new governance proposal was placed seeking significant switch in fee (revenue) distribution aimed at sharing more with the $UNI token holders creating utility for it.
Well, that’s it for this week from us, hope you enjoyed the not-very-long but engaging newsletter update.
We hope to see you soon with more summarised updates, until then, be safe, be green!