LensLinks: Issue 38

Today in LensLinks:

• Alameda accumulates $93MM in Crypto Assets in a Single Wallet

• 10 Potential Metaverse Features to Be Excited About

• Coinbase Stock Hits All-time Low

• How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world

• World’s First eCommerce Metaverse Fashion Mall

• 101: What are DeFi Coins?

• And Happy Thanksgiving - LensLinks Returns on Monday

For Business Insider, we examined the significance of this moment for crypto media, and took a lot at how these outlets plan to keep the momentum alive after this chaotic news cycle wanes.

I teamed up with my my colleague Steven Perlberg to talk to a dozen senior crypto news editors and comms execs about the challenges ahead, today’s difficult market environment, some readers’ troubling conspiracy theories — and what’s at stake as these sites try to keep winning. Here’s what we discovered.

Many people are still skeptical about the Metaverse and what it can actually contribute to society, but these Redditors are incredibly excited about these particular features and uses.

I had intended today to talk about the work the Bank of England, is doing with the Treasury, the FCA on the regulation of crypto stablecoins and our work on a potential central bank digital currency in Sterling.

That remains the bulk of what I will talk about today. But between beginning to draft these remarks and delivering them today, we have seen what is probably the largest – and certainly the most spectacular – failure to date in the crypto ecosystem, by which of course I mean the collapse of the crypto trading platform FTX and most of its associated businesses.

“Bigger is Bigger (when Betting is Better),” he wrote in a Jan. 12, 2021, tweet thread explaining how gambling strategies influenced Alameda’s trades. It was the same series of posts in which Trabucco bragged that he may — or may not — have been banned from three casinos.

Metaverse & Gaming - A Little More...

Blockchain, Tokens & Defi - A Little More...

Crypto Trading - A Little More...

Dear reader: You made it to the bottom. How about forwarding LensLinks to a friend or reposting/re-tweeting? Click the handy links at the top to do so easily. Thanks for reading.

Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.