Newsletter 24 hours last Wednesday - December 21 ๐ฅ๐ฅ
๐ฐ Elon Musk will resign as Twitter CEO, retire to run the software & server division
๐ฐ Sam FTX will be extradited to the US tomorrow with a series of criminal charges and a "loose" prison sentence.
๐ฐ Over 100 BTC related to QuadrigaCX exchange (which went bankrupt) suddenly moved out of cold wallets after 3 years of inactivity
๐ฐ Gemini exchange starts the path to recover $ 900M from Genesis and DCG
๐ฐ Founder (MM) Auros goes bankrupt because of being stuck at 20M$ on FTX
๐ฐ Wintermute revenue down nearly 80%, from $1 billion in 2021 -> $225 million in 2022, Market Makers are having a hard time
๐ฐ Cosmos DEX Sifchain is about to stop working, the project has received investment from Alameda
๐ฐ Waves will have a new stablecoin that "cannot lose peg" as an alternative to USDN
๐ฐ BitDAO proposes to buy back 100M$ of Bybit exchange token (BIT)
๐ฐ Uniswap cooperates with MoonPay to allow buying Crypto by card or cross-border bank transfer
๐ฐ Axelar (AXL) set up a fund of 60M$, cooperated with Circle and Polygon to develop web3