Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid Assets
On-chain data suggests that USDR’s treasury was drained of liquid assets, leading to a run on the stablecoin.Source
SBF’s Lawyers Want to Ask Caroline Ellison About FTX’s Anthropic AI Stake
Sam Bankman-Fried’s attorneys asked Judge Lewis Kaplan, who’s overseeing the case, to grant them permission to ask former Alameda Research CEO Caroline Ellison about whether she deleted Signal messages at FTX lawyers’ advice and what Anthropic AI’s recent fundraise means for FTX creditors.Source
Tokenized RWA Platform Untangled Goes Live, Gets $13.5M Funding to Bring Private Credit On-Chain
Tokenized real-world asset (RWA) marketplace Untangled Finance went live Wednesday on the Celo network after securing a $13.5 million venture capital boost to bring tokenized private credit to the blockchain, the company told CoinDesk.Source
U.K. Group Calls for NFT Copyright Infringement Safeguards and Code of Conduct
The Culture, Media and Sport Committee, which includes representatives from several political parties, started an inquiry into non-fungible tokens in November.Source
Bitcoin Hovers Above $27,000 as U.S. Stocks Advance
Meanwhile, bitcoin’s dominance continues to climbSource
BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation
Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case.Source
Israeli Crypto Firms Scramble to Deal With War, in Between the Sirens
Few operational disruptions were reported, but some crypto employees were getting called up for reserve duty. Executives and developers coped with the stress of attending funerals, responding to security warnings and encountering supermarket shortages.Source
Star Witness Caroline Ellison Says Sam Bankman-Fried Directed Her to Commit Fraud
Caroline Ellison, the former CEO of crypto hedge fund Alameda Research, is the government’s star witness in its prosecution of alleged crypto fraudster Sam Bankman-Fried.Source
Billionaire Paul Tudor Jones Backs Bitcoin and Gold as Geopolitical Risks Rise
Jones said the U.S. in moving towards an “untenable fiscal position.”Source
Binance’s U.K. Partner Can’t Approve Crypto Ads, Regulator Says
The Financial Conduct Authority may have derailed Binance’s plans to comply with the new crypto marketing regime by imposing restrictions on the firm’s recently enlisted local partner.Source