📊 While the Ren community expressed great confusion and frustration with Ren Protocol after the Alameda crash, the community submitted positive RFCs to save Ren Protocol from being infected by FTX. Current state:
- Ren Protocol only has $160,000 in treasury and won't be able to compensate the Ren Labs team after Q4. Ren Labs doesn't have enough time to find a solution.
- MakerDAO and Ren asset owners must burn and restore their native assets before the official shutdown of Ren 1.0.
- The lack of legal transparency on the part of Ren Labs regarding the intellectual property of the Ren Protocol worries the Ren community. The restructuring of the management structure of Ren DAO may lead to new legal issues.
- Ren Protocol only has $160,000 in treasury and won't be able to compensate the Ren Labs team after Q4. Ren Labs doesn't have enough time to find a solution.
- MakerDAO and Ren asset owners must burn and restore their native assets before the official shutdown of Ren 1.0.
- The lack of legal transparency on the part of Ren Labs regarding the intellectual property of the Ren Protocol worries the Ren community. The restructuring of the management structure of Ren DAO may lead to new legal issues.
🤡 The SBF claims that he "didn't know much" about Alameda's finances. Forbes reports that he sent them information about Alameda's assets as recently as August.
👀 Around $11 billion in GBTC assets under management pose a risk in a bear market, according to UBS.
theblock.com
theblock.com
👀 Current estimates show that the next bitcoin mining difficulty update will result in a 7% - 8% drop, making it the biggest difficulty drop this year. The adjustment is expected to take place in the early hours of next Tuesday.
theblock.com
theblock.com
🤔 BlockFi customers refuse to pay off their credit card debt after a bankrupt firm froze their funds.
benzinga.com
benzinga.com
This media is not supported in your browser
VIEW IN TELEGRAM
🙋♂️ The 3AC bankruptcy process is facing challenges due to the unknown whereabouts of the founders. The liquidators claim that Zhu Su and Kyle Davis are in Indonesia and the Emirates, where it is difficult to enforce foreign court orders.
cointelegraph.com
cointelegraph.com
🤖 CryptoAttack 🇬🇧
🌚 Apple has blocked the Coinbase Wallet app. Apple claims the gas fee required to send NFTs must be paid through their system so they can collect the 30%
🦊 MetaMask co-founder Dan Finlay says he's ready to stand up to Apple in solidarity with Coinbase Wallet: I'm guessing MetaMask and all other wallets will be next. I am ready to give up the Apple ecosystem. A 30% tax is an abuse of monopoly.
👀 The consulting company Teneo controlled part of the assets of Three Arrows Capital
👀 Yonhap News Agency: South Korean court rejects arrest warrant for Terra co-founder Daniel Shin bloomberg.com
👀 Insider: Alameda Research suffered FTX losses of up to $1 billion at the beginning of 2021. ft.com
👀 MetaMask co-founder: 30% tax on in-app purchases is an "abuse of monopoly power" and is ready to abandon the Apple ecosystem twitter.com
👀 Ankr: reserve funds will be used to compensate aBNBc liquidity providers and infrastructure services will not be affected twitter.com
👀 Encrypted Opera browser to launch NFT creation tools next January theblock.com
👀 Bloomberg: LedgerX is looking for a new buyer and has attracted at least 10 potential buyers bloomberg.com
👀 Former President FTX.US plans to raise $6 million for a new crypto startup at a $60 million valuation. theinformation.com
👀 Bloomberg: Thai venture fund V Ventures acquires Zipmex exchange for $100 million bloomberg.com