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📢 FTX co-founder Gary Wang testifies in Sam Bankman-Fried's trial, revealing Alameda's $100 million debt to FTX and special privileges allowing the crypto hedge fund to spend $8 billion of exchange customers' money. Wang claims he wrote the code enabling this spending under Bankman-Fried's direction. The trial continues with former Alameda Research CEO Caroline Ellison expected to testify later this week. What are your thoughts on these revelations? 💬 Let's discuss below!

📢 FTX co-founder Gary Wang testifies in Sam Bankman-Fried's trial, revealing Alameda's $100 million debt to FTX and special privileges allowing the crypto hedge fund to spend $8 billion of exchange customers' money. Wang claims he wrote the code enabling this spending under Bankman-Fried's direction. The trial continues with former Alameda Research CEO Caroline Ellison expected to testify later this week. What are your thoughts on these revelations? 💬 Let's discuss below!

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📣 In an unusual alliance, Wall Street banks, crypto companies, and Congress members are urging President Biden to reconsider his pledge to veto a resolution that would overturn the SEC's controversial crypto accounting policy, SAB 121. The policy requires banks to treat customers' digital assets differently, insisting they be included on a bank's balance sheet. Critics argue this could hinder banks from offering digital asset custody at scale. Biden's veto threat is based on concerns that erasing the rule could limit the SEC's ability to ensure appropriate crypto regulations in the future. Biden's final decision is expected by Monday. What are your thoughts? 🤔 Let's discuss below!
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🚨Crypto Update: Uniswap Foundation has announced a delay in their proposal upgrade vote which would have rewarded UNI token holders who staked and delegated their tokens. The decision comes after a stakeholder raised a new issue that needs further review. Uniswap's UNI token took a hit, dropping 8.75% to $10.20 following the news. Stay tuned for more updates on this developing story. What are your thoughts on this move by Uniswap? Share in the comments below! 💭💡
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