Regulation
Josh O'Sullivan Recent Articles
DeFi
Ren Bridge announces open source community led Ren 2.0 in response to Alameda fallout
Ren Protocol is set to launch Ren 2.0 and establish fully-decentralized and community-owned cross chain network in light of Alameda fallout.
Hacks
FTX forewarns exchanges to freeze stolen funds to prevent hacker cashing out
Exchanges cautioned to be on high alert in preparation to freeze assets should the hacker attempt to cash out.
Hacks
Transfer spoofing evident in FTX Exploiter wallet meme tokens transfers – ZachXBT
On-chain detective, ZachXBT, tackled misinformation on a Twitter thread regarding spoofed transactions, misplaced blame, and false identification by exchanges.
Bear Market
FTX Exploiter swaps 50K ETH to BTC swap sparking concern for Ethereum as ETH dips 3%
Concerns surrounding Ethereum emerge following the FTX Exploiter's movement of stolen funds out of ETH and into BTC.
DeFi
KuCoin CEO Johnny Lyu confirms exchange ‘fully liquid,’ talks regulation and the future of DeFi – SlateCast #31
The fallout of FTX from the point of view of a major crypto exchange, KuCoin
Tokenization
Upbots issues recovery plan in light of FTX, Alameda exposure
Upbots had stored part of its liquidity on FTX and tokens on Alameda; it announced plans to mitigate exposure to the companies' collapse.
Bear Market
Genesis sought $1B emergency loan but never got it
A confidential document uncovered by the WSJ depicts Genesis' request for $1 billion loan to recoup liquidity as a result of FTX fallout.
Research
Research: 78% of all staked ETH is across 4 centralized providers; 74% of all blocks are OFAC compliant
On-chain data reveals that approximately 8-9 million ETH is currently staked across four centralized providers.
Wallets
Nexo set to launch their own non-custodial smart wallet
The Nexo Wallet allows users to send, swap, receive, and store assets while maintaining their own identity ownership.
Lending
Circle drops Yield rates to 0%
Circle said despite $2.6 million outstanding in loans, its yield product is overcollateralized and secured by "robust collateral agreements."
Bear Market
FTX collapse sees Bitcoin, Ethereum to be shorted the second and third-most amount
The deep negative fund rates seen in recent history suggest further market depression before optimism can be established for a reversal.
Crime
Silvergate records reveal $425M in transfers to South American money launderers
Detective Benjamin Dusenbery subpoenaed Silvergate for multiple digital cryptocurrency trading platforms' bank account records and found 10 companies transferring illicit funds.