Decrypt
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Polygon Paid y00ts NFT Collection $3 Million to Leave Solana
Both DeGods and y00ts are leaving Solana—but y00ts got millions to do so.
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AVAX Slips 2% As Grayscale Dumps Avalanche From Large Cap Fund
As part of its regularly scheduled rebalancing, Grayscale sold its AVAX and used the cash to purchase Bitcoin, Ethereum, ADA, MATIC, and SOL.
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Sam Bankman-Fried Files Request to Keep Hold of $450M in Robinhood Stock
The United States Department of Justice recently seized the FTX founder's stake in the popular trading app.
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Crypto Exchange Huobi to Lay off 20% of Staff: Report
The layoffs would see Huobi join crypto exchanges including Coinbase, Crypto.com and Kraken in making sweeping cuts to staff numbers.
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Developers Burn 5 Trillion BONK as Solana-Based Meme Coin Slides
The downturn continues for the Doge-themed Solana-based meme coin BONK, despite the team’s massive token burn.
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DCG Confirms Shutdown of Wealth Management Subsidiary HQ
The news comes the same day as another DCG subsidiary, crypto broker Genesis, announced a massive wave of layoffs.
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DOJ Files Charges Against Alleged Mutant Ape Planet NFT Rug Pull
Authorities arrested the collection’s founder, Aurelien Michel, at JFK airport on Wednesday evening.
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3AC Founders Kyle Davies and Su Zhu Tagged in Tweet Delivering Court Subpoena
After keeping a relatively low profile, the collapse of FTX brought the Three Arrows Capital cofounders back into the public eye.
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Solana’s Doge-Themed BONK Drops 54% After Bonkers 3,300% Gains
BONK is still massively outperforming other coins this week, fueling Solana’s own price surge despite the meme coin’s volatility.
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New York Attorney General Sues Ex-Celsius Boss Alex Mashinksy for Fraud
Mashinsky allegedly duped hundreds of thousands of investors out of billions of dollars of cryptocurrency.
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Shopify Merchants Can Now Sell Avalanche NFTs Through Their Online Stores
Venly’s Avalanche app is now available to all Shopify merchants, letting them mint and sell NFTs through a no-code interface.
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LG Doubles Down on Smart TV Metaverse Push at CES 2023
The Korean tech giant made a plethora of announcements relating to its metaverse ambitions at the 2023 Consumer Electronics Show.
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Animoca Slashes Target For Metaverse Fund to $1 Billion: ‘It Could Be Less’
The chairman of Animoca Brands had previously suggested that its metaverse fund raise could reach as much as $2 billion.
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CoinDeal Scammers Nailed By SEC in $45 Million Fraud Case
The Commission has charged the defendants with wire fraud, selling unregistered securities, and using investor funds to finance a lavish lifestyle.
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Regulators Seize Millions in Robinhood Shares from FTX
Sought by FTX creditors and BlockFi, shares held by the collapsed firm have now been confiscated.