Crypto markets recover a bit — Ethereum is up 4.2% to $1165 and Bitcoin is back to $16.5k, a +2.3% move on the day. Overall crypto market cap has risen +5% to $860B. SBF has sent an email to ex-FTX employees detailing his interpretation of events and apologizing for breaking their trust. CT (Crypto Twitter) wasn’t having any of it, calling SBF a liar and fraud, reminding people he should be in jail. Elizabeth Holmes is getting 11 years in jail for her blatant lies while running Theranos — perhaps a precursor to SBF’s fate. Genesis Capital has hired the investment bank Moelis to help them with their ongoing fundraising for $1B.
Crypto volumes spike as a new project, Valhalla, makes its debut with $7M in turnover. Ignoring this volume, things are stale at $12M as ETH-NFTs were $10M and Solana-NFTs at $1.5M. BAYC posts up $2.6M across 35 trades, while CryptoPunks has $1.4M on 14 trades. DeGods has $650k but LILY is nowhere to be found. Gods Unchained puts ImmutableX on the map with $800k in turnover.
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