"Ulbricht was found guilty of charges including conspiracy to commit drug trafficking, money laundering and computer hacking."

The next four years are going to be something... "The meme website says 80% of the supply is held by Trump Organization affiliate CIC Digital, and a CIC co-owned entity called Fight Fight Fight LLC."

MicroStrategy isnt the only business buying up bitcoin sherwood.news/crypto/ten-w...

New: Meta has deleted trans and nonbinary Messenger themes, as well as the blog posts announcing them. Happens the same week that it has changed its rules to allow users to say LGBTQ+ people are "mentally ill" www.404media.co/meta-deletes...

The wonderful @jonkeegan.com out here doing God’s work, figuring out how much time each ad-supported streaming platform spends on ads sherwood.news/tech/just-ho...

“You’re sort of living in hope, but at the same time, with anything like this, you bite the bullet and consider you will never get your money back.”

Looks like Do Kwon of "I don't debate the poor" fame will face charges in the US.

"Jump is said to have profited $1.28 billion from its arrangement with Terraform Labs."

Well, someone is impersonating me on here. Likely with the goal of running some crypto scam at a future date. @jackmnn.bsky.social is the fake. Block and report, please? Thanks!

Hoping for a merry Cryptomas.

“'I predict that the price of ETH will hit $10,000 in 2025,' Johansen said, adding that staking will be the foundation for new fixed-income products and financial services."

This is not good! "CoinDesk’s parent company Bullish has fired three senior editorial staffers, including Editor-in-Chief Kevin Reynolds as well as Deputy Editors-in-Chief Nick Baker and Marc Hochstein"

"From 2014 to 2023, crypto experienced the Santa Claus rally effect 8 out of 10 times post-Christmas, with total crypto market capitalization rallying between 0.69% to 11.87% over a one-week timeframe from December 27 to January 2."

“'If I want to buy influence with Trump as president,' Naylor hypothesized, 'I can do it that way,' through WLFI token purchases."

I... honestly did not see that coming?

"My personal take is that I just don’t see how anyone could have bought Hawk Tuah coin and expected any outcome other than immediately losing everything." - @jackraines.bsky.social

MARA buys up more bitcoin sherwood.news/crypto/marat..., while Microsoft shareholders say "no thanks" sherwood.news/crypto/micro...

BTC hits a hundo

Something is happening with engagement on Bluesky. I ran a little analysis looking at a few recent news stories from NYT, WSJ and CNN across X, Threads and Bluesky and it looks like engagement on Bluesky is much higher when you account for the size of the platforms. sherwood.news/tech/bluesky...

Notably, trading volume isn't expected to spike alongside the gloating.

"After Nov. 27, 2024, users will no longer be able to list, bid on or sell items on Kraken's NFT marketplace; they will only be able to withdraw assets."

Trump's crypto projects look to be missing out on the rally.

"According to the US Office of Government Ethics disclosure form, as of the August 7 update Kennedy had between $500,001 and $1,000,000 worth of bitcoin with Fidelity Crypto."

Gary Wang, FTX's former CTO, gets sentenced to time served.

Former exec at Alameda Research... "He also agreed to give up his 53-foot yacht, ‘Soak My Deck’, which he bought in March 2022 for $2.51mn. Trabucco appears to still be in San Francisco from the filing signature."

"supercycle" in crypto heds as a top signal 🤔 www.dlnews.com/articles/mar...

"Shaq and his son launched Astrals in March of 2022. The suit claimed that investors in the project had purchased unregistered securities, which Shaq reportedly hyped at his gigs as 'DJ Diesel.'"

Calling all degens.

“The market has spoken: as long as people want to make memes and make jokes with real money, meme coins are here to stay. Enjoy the ride if you’re in it, but know the risks always.”

"The state’s pause on permitting new crypto-mining operations is set to expire late next week on November 22. That’s the two-year anniversary of New York Gov. Kathy Hochul signing into law a moratorium on air-permit issuances and renewals for mining operations that run on carbon-based power sources"

"Over half of the crypto-related enforcement actions the SEC has taken since 2015 have come during Gensler’s tenure, according to an analysis by crypto venture capital firm Paradigm."

"Ilya 'Dutch' Lichtenstein was sentenced in Washington federal court Thursday, after he and his wife, Heather Morgan, pleaded guilty last year in a scheme to hide proceeds from the 2016 hack. [...] Morgan, known as 'Razzlekhan' in her rap videos, will be sentenced Nov. 18."

"The investigation appears focused on whether Mr. Coplan, 26, ran Polymarket as an unlicensed commodities exchange, allowing users in the United States to place bets in violation of a settlement with the U.S. government"

"The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics early Wednesday morning — just a week after the election-betting platform successfully predicted President-elect Donald Trump’s win, The Post has learned."

"Robinhood’s move to make solana and cardano available for trading is especially noteworthy, as the exchange delisted the tokens in June of last year on its US platform."

Great piece exploring the push to tokenize all aspects of the financial system by Crystal Kim. sherwood.news/crypto/token...

For staying up to speed on a rapidly changing industry 👇

👋 send us your crypto pitches 👀

Robinhood and Kalshi, which both serve US persons, offer US presidential election event contracts with roughly similar prices/odds. Polymarket, which prohibits US persons in its terms of use, has prices/odds on a similar event contract that increasingly appear to be outliers.

Polymarket's self-reported trading volumes are said not to match on-chain data. In the US presidential market alone, analysts point to a nearly $1B discrepancy. fortune.com/crypto/2024/...

time flies 🎈

This is very, very funny sherwood.news/crypto/grift...

Caroline Ellison, the former Alameda CEO whose testimony helped convict SBF, was just sentenced to 24 months of prison time. Judge Kaplan said official sentencing guidelines called for 110 years.

👀

"As the US presidential race heats up ahead of next week’s debate, crypto has for the first time taken a prominent place in the election convo." sherwood.news/snacks/crypt...

A dispute about what technically constitutes an SEC "approval" is ripping through a polymarket events contract with $12M+ on the line polymarket.com/event/ethere...

Super interesting case. Some context: sherwood.news/snacks/crypt...

yoooooo... we launched a website sherwood.news

This sentencing hearing is not going well for SBF...