Keith A. Grossman, president at TIME joins MoonPay as President, Enterprise.

His words: In 2020, I noticed a trend too big to ignore - web3 - which provided an evolution from online “rentership” to “ownership.”

At that point, I knew I needed to move from the comforts of being an "observer" to that of "participant" in this adoption.

Full thread: https://twitter.com/KeithGrossman/status/1597199228891455491 (17 tweets but totally worthy to read especially if you are into web3).

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Treasury Dept. Announces Settlement With Crypto Exchange Kraken: BBG

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Bluechip NFT collection stats from ATH to current floor.

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😄

(Parody)

Silvergate Provides Statement on Minimal Exposure to BlockFi.

Silvergate Capital Corporation (the "Company" or "Silvergate") (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced a business update, citing that its deposit relationship with BlockFi Inc. (“BlockFi”) is limited to less than $20 million of its total deposits from all digital asset customers as of November 28, 2022.

Press Release: https://www.businesswire.com/news/home/20221128005747/en/

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'Minimal Exposure' should be the 'crypto term of 2022'.

Solana monthly metrics are struggling.

So far, the sum across daily active addresses on the network comes in at 11.92m, on track to be 13.24m, marking the lowest count since August 2021.

It’s a similar story for both the non-vote transaction count and number of new addresses. Non-vote transactions are on pace to be the lowest since May, currently sitting at 488 million. The number of new addresses has reached only 3.5 million so far and will likely be the lowest monthly count since September 2021.

Solana-based stablecoins also saw an exchange halt amidst the drama, although it proved to be temporary in some cases. Tether also committed to moving 1 billion USDT from Solana to Ethereum.

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Aave has passed a governance vote to temporarily freeze markets on v2 for assets with low liquidity and high volatility.

Apart from these, the protocol also suspended the following stablecoins: sUSD, Pax Dollar (USDP), Liquidity USD (LUSD), Gemini Dollar (GUSD) and RAI. With the assets frozen, users cannot take loans on the assets or deposit their assets to the protocol.

According to the proposal, the aim of the move is to reduce the risk for Aave v2 and promote the eventual migration to v3.

Proposal overview: https://app.aave.com/governance/proposal/?proposalId=121

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Bitcoin, Ethereum are not Securities: Belgian Regulators.

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Bitcoin miners’ behavior will always be linked to their operating costs. More specifically, the electrical cost associated with BTC mining is the primary driver behind miners’ base expenses and profitability.

Interestingly enough, the electrical expenditure to mine 1 BTC has historically represented a dynamic price floor for Bitcoin since its inception.

In fact, Bitcoin’s price has only matched the raw electrical cost of production (denoted by the red-dotted line in the charts above and below) 5 times over the past 5 years: December 2018, March 2020, June 2020, June 2022, and most recently this November.

While the fallout from the FTX collapse spreads, BTC finds itself in limbo. In case of a significant price move, the BBWP indicator can set expectations and provide important context.

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If your entire revenue model is selling your token, you are doing a disservice to yourself, your blockchain, and your supporters.

— Fantom's Andre Cronje

Over $643,000,000 in Solana (SOL) Now Controlled by Liquidators as Part of Alameda Research Bankrutpcy Process: On-Chain Data.

Source: https://solanacompass.com/tokenomics

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Elon Musk’s Twitter Takeover Will Bring 200,000,000 More Users to Crypto, Says Cardano Creator Charles Hoskinson.

https://dailyhodl.com/2022/11/28/elon-musks-twitter-takeover-will-bring-200000000-more-users-to-crypto-says-cardano-creator-charles-hoskinson/

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Mastercard has filed for another crypto and Web3 trademark application with a focus on crypto security.

Mastercard filed for 15 trademarks focused on the metaverse and NFTs in April.

The crypto winter persists but has not hindered institutional investors.

https://www.cryptopolitan.com/mastercard-files-a-web3-and-crypto-trademark/

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Would you watch a TV series on what happened with FTX?

Amazon is doing it: Amazon Orders FTX Limited Series From Russo Brothers‘ AGBO, ’Hunters’ Creator David Weil (EXCLUSIVE)

An eight-episode limited series about the FTX scandal from Joe and Anthony Russo’s production company, AGBO, has been set up at Amazon.

https://variety.com/2022/tv/news/amazon-ftx-limited-series-russo-brothers-agbo-1235441141/

Crypto exchange Bitfront is shutting down! The exchange has set March 31, 2023, as the deadline to clear all the deposits and withdrawals of investors.

The current challenging market pushed Bitfront into making a choice. They chose to close their services in order to continue growing the LINE blockchain ecosystem and LINK token economy.

Bitfront is backed by Japan-based LINE Corporation. Bitfront is facing its downfall less than 3 years of its launch.

https://www.livemint.com/market/cryptocurrency/explained-why-is-crypto-exchange-bitfront-shutting-down-11669708786464.html

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With the collapse of Alameda, the Solana core DEX Serum became defunct. As upgrade authority is held by FTX, security is in jeopardy. Led by Mango's Max, OpenBook, a community-wide effort to fork Serum is going. The future of SRM token is also uncertain.

https://twitter.com/ProjectSerum/status/1597463158947721221

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A few hours ago Crypto.com transferred 1.8T $SHIB($16M) to Binance.

Crypto.com holds 58T $SHIB($531M), accounting for nearly 20% of total assets.

Dump?

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