Sam Bankman-Fried’s Lawyers Test the Judge’s Patience

It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.Source

Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan

The increase in staking has reduced the appeal of ether from a yield perspective, the report said.Source

Bitcoin at ‘Risk of Falling,’ Ether ETFs Lackluster Performance Dismays Traders

Data shows that broader crypto markets lost just under 1% in the past 24 hours.Source

THORSwap Pauses Platform After Series of FTX Hack-Linked Trades

A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk.Source

A Better Way to Distribute Crypto Ecosystem Grants

Token project treasuries, foundations and grant programs are a necessary lifeline during the bear market. But this funding could be more fairly disbursed, Lunar Strategy’s Tim Haldorsson writes.Source

Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z

The target audience is restaurant users, but the blockchain-based project comes with its own “Flypaper” and fungible FLY tokens.Source

3 Times Bankman-Fried Allegedly Lied Before He Was Famous

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Bitcoin Enters ‘Quiet Bull Market’ as Safe Haven from Bond Market Turmoil, Analyst Says

Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.Source

Bitcoin Financial Services Firm Swan Unveils ‘Collaborative Custody’ Service

Swan and Blockstream’s aim is to allow users to retain ultimate control of their bitcoin (BTC) while knowing that is stored in a highly secure way.Source

Michael Lewis Was Charmed by Sam Bankman-Fried – But So Was Everyone Else

Michael Lewis is getting slammed for a relatively sympathetic portrayal of SBF. The larger question is: Why did so many people fall under Sam’s spell?Source