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The Week of October 2, 2023
Sam Bankman-Fried’s Federal Trial Begins
FTX's Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge
We may not know for weeks whether Sam Bankman-Fried will take the stand at his own trial. He may want the chance to explain himself to the jury, but his lawyers are surely wary of the withering cross-examination such a tactic would invite. No matter: the unconventional former crypto executive has already said – publicly – plenty about what went down in FTX’s final days. [Follow Live Coverage and Updates Here]
Get in the Crypto Know!
Bitcoin reached a six-week high on Monday, brushing $28,600 before shedding part of those gains. (Bloomberg)
The NFT collection Pudgy Penguins rose 241% in trading volume after Walmart announced it would sell a toy offshoot of the brand in 2,000 stores. (The Block)
Grayscale, along with NYSE Arca, asked the SEC to convert its Grayscale Ethereum Trust into a spot market ETF. (CoinDesk)
On the Legal Front
🏦 Federal Reserve's OIG stated Silvergate Bank took fatal crypto risks while examiners failed to act adequately.
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SAVE THE DATE | OCT. 24th | Virtual Book Launch Party
The future of digital money is about to be unveiled!
Join me, the Advantage Evans Academy community and special guests on October 24th for the highly anticipated virtual launch of Digital Money Demystified. RSVP NOW
And guess what? Bestselling author and our dear friend, Minda Harts, will be gracing the event as the host!
General Admission (8-10P ET): Dive deep into the digital currency revolution, enjoy electrifying discussions, and stand a chance to win some exciting giveaways. Plus, all general admission ticket holders will receive opportunity to participate in a virtual VIP event and receive a complimentary autographed first edition of Digital Money Demystified!
I’m working on a premium ticket opportunity for those who want to enjoy an elevated VIP experience on launch day. Consider it the pre-party!
Here's a little sneak peek of what the DMD VIP Experience holds for you:
An autographed copy of Digital Money Demystified.
Complimentary access to our premium DMD Membership for 3 months.
A chance to win a coveted Power UP! Your Portfolio Platinum Pass to our Puerto Rico Holiday Retreat.
Tools, tips and tricks from some of the industry's finest (we promise you'll be star-struck!
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GENERAL ADMISSION: RSVP NOW
Covering this week’s news and busting crypto myths. Tune in and drop your questions and reflections in the comments.
THIS WEEK ON TECH INTERSECT
This week, we continue our Digital Money Demystified Series with Bitcoin developer, educator and author, Jimmy Song. We discuss everything from the environmental impact of Bitcoin mining and how it relates to other mining to the role of stablecoins and central bank digital currencies in the future of money. We also examine the differences between Fiat and Bitcoin and why Bitcoin is the future of financial wealth.
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