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Binance Nearing DOJ Deal?
gm Bankless Nation,
CZ might want to stop saying "4" pretty soon.

Today's issue⬇️

  1. ☀️ Need to Know: Binance Deal?
    Binance's DOJ problem sounds expensive.
  2. 📊 Today in Markets: DeFi Sneak Attack
    Mass liquidations hit dYdX.
  3. 🗞️ Analysis: Magic Eden's Moment
    Is Magic Eden an OpenSea killer?
  4. 🎧 Latest Pod: Unpacking OpenAI
    Silicon Valley's living nightmare.

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. . .
NEED TO KNOW
Binance Nearing DOJ Deal?
Image of CZ, Coindesk logo and Sam Altman side by side

  1. 4️⃣ CZ Says 4. Binance is reportedly nearing a resolution with the DOJ that would come with a $4 billion fine and chances of criminal charges for CZ.
  2. 🤑 CoinDesk gets sold. Little-known crypto exchange Bullish has bought CoinDesk from DCG in an all-cash deal.
  3. 🤖 Tech waits for OpenAI resolution. Sam Altman's surprise firing has upended Silicon Valley. Will threatened resignations of 90% of the staff bring him back to power?

. . .
TODAY IN MARKETS
DeFi Sneak Attack

📊 dYdX Attacked: Mass liquidations hit dYdX’s V3 Yearn Finance (YFI) market over the weekend. YFI is down 40%, dYdX’s insurance fund was forced to pay out $9M, and the exchange’s founder is calling it an attack!

Prices as of 4pm ET
Crypto $1.42T
BTC $37,489
ETH $2,028
24hr
↗ 0.7%
↗ 1.3%
↗ 2.2%
7d
↗ 1.4%
↗ 2.6%
↘ 1.8%

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. . .
Analysis
Magic Eden's Moment
Bankless Author: William Peaster
Image of Magic Eden mascot sitting on the 3D letters GM

OpenSea has had an awfully rough year, and Magic Eden is ready to take its shot at the NFT throne with its own flavor of NFT buying and selling.

Here's what you need to know about the multi-chain market 👇

Get the Full Rundown

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. . .
Latest Podcast
Unpacking the OpenAI Drama
Image of Podcast Episode with David and Ryan side by side

Sam Altman was fired as CEO of OpenAI, joining Microsoft this morning and sending the internet into a spiral. What does this mean?

Here's what you need to know about the multi-chain market 👇

Watch the Full Episode

. . .
GO BANKLESS
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