Jack Morse

Meta Deletes Trans and Nonbinary Messenger Themes Amid a series of changes that allows users to target LGBTQ+ people, Meta has deleted product features it initially championed.

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...

Montenegro orders extradition of Terraform lab co-founder Do Kwon to United States Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, also wanted by South Korea, to the United States, the ministry said on Friday.

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

Jump’s crypto subsidiary agrees to a $123 million settlement as terraUSD’s fallout continues to sting Regulators said the firm mislead the public about the stability of an algorithmic stablecoin....

"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!

Bitcoin and meme coins ruled 2024, but ethereum bulls are ready for 2025 After a not-so-great year, experts say the winds are turning for ethereum and that all-time highs could be around the corner....

“'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."

He tried to prank the DMV. Then his vanity license plate backfired big time. It seemed like a good idea at the time.

reminds me of mashable.com/article/dmv-...

I believe that's just a draft from the Bitcoin Policy Institute.

The Trump administration is poised to be a boom for crypto. Here’s all his personal exposure in DeFi Trump faces “glaring” crypto conflicts of interest as he returns to the White House....

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

Options on bitcoin ETFs to begin trading today A new way to bet on bitcoin’s price is entering the trading scene....

Calling all degens.

yes! we pay.

Pepe, once a fringe meme coin, goes mainstream With popular exchanges now listing pepe, the price of the crypto is hopping up, though it’s still worth less (much, much less) than one cent....

“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.”

New York’s ban on bitcoin mining is set to expire, just in time for a new wave of crypto fever As bitcoin keeps breaking new record highs, companies are hoping to reopen facilities and cash in on the rally....

"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"

SEC chief Gary Gensler signals resignation in speech defending crypto record SEC chief Gary Gensler, widely assumed to be on his way out after Donald Trump’s election victory, defended his agency’s approach to crypto in a speech Thursday.

"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."

interesting. any examples you can share?

Leader of Crypto Heist Worth Billions Gets 5-Year Sentence The mastermind behind one of the biggest-ever Bitcoin heists was ordered to serve five years in prison for conspiring with his social-media rapper wife to launder money he stole by hacking into the Bi...

"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."

What if global trading wasn't tied to the working hours of bankers in New York? A radical plan wants to make trading anything faster and settled instantly. Can tokenization get off the ground?...

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 👇

thanks for putting this together!

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/...

Also, worthwhile to remember that Polymarket has explicitly banned US persons in its terms of use since a 2022 settlement with the CFTC.

time flies 🎈

Polymarket | Caroline Ellison sentenced to prison? Polymarket | Former CEO of Alameda Research Caroline Ellison is scheduled to be sentenced on September 24, 2024 (see https://www.coindesk.com/policy/2024/09/11/former-ftx-executive-caroline-ellison...

Quite the roller coaster over on Polymarket, which for most of today had odds that she got zero time polymarket.com/event/caroli...

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.

👀

Polymarket resolved it to a "yes", but many in the comment thread aren't happy. They're arguing the s-1 forms still need to be approved.

Polymarket | Ethereum ETF approved by May 31? Polymarket | This market will resolve to "Yes" if any spot Ethereum ETF receives approval from the SEC by May 31, 2024, 11:59:59 PM ET. Otherwise, this market will resolve to "No". The primary res...

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...

Sherwood News News for the next generation about markets, business, technology, and the culture of money.

yoooooo... we launched a website sherwood.news

Sam Bankman-Fried Sentenced to 25 Years in Prison Mr. Bankman-Fried, who was convicted of stealing $8 billion from customers of his FTX cryptocurrency exchange, faced a maximum sentence of 110 years.

Confirmed that SBF was sentenced to 25 years www.nytimes.com/2024/03/28/t...