Dogecoin Beats Bitcoin in Price Stability Amid Crypto Trading Lull

DOGE’s new-found stability reflects a lack of investor interest in trading alternative cryptocurrencies.Source

Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making It a Real Thing

A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.Source

FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million

The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million.Source

Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M

Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release.Source

Ethereum’s Shanghai Upgrade Has Been ‘Disappointing,’ JPMorgan Says

Daily transactions, daily active addresses and total value locked on the blockchain have all fallen since the upgrade, the report said.Source

Japanese Exchange GMO to Offer XRP Users Yen for Delayed Songbird Airdrop

The handouts are part of a token airdrop whose snapshot took place in 2020.Source

Binance, U.S. Affiliate, Changpeng ‘CZ’ Zhao File to Dismiss SEC Lawsuit

Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn’t “plausibly alleged” various securities-related violations.Source

Vote if You Want, but Remember ‘Cypherpunks Write Code’

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Sam Bankman-Fried Will Remain in Jail Through the Start of His Trial

An appeals court rejected his attorneys’ attempt to free him in the run-up to the trial.Source

Nouns DAO’s $27M Revolt Reveals Toxic Mix of Money-Hungry Traders and Blockchain Idealists

It wasn’t only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project’s treasury.Source