RTFKT, the digital wearables NFT startup Nike acquired in 2021, is shutting down by the end of January 2025; DefiLlama: RTFKT brought in nearly $50M in earnings
an early Web3 fashion success story — is folding Jason Newey / NFT News Today : Nike-Owned RTFKT to Shut Down Operations by January 2025 Brayden Lindrea / Cointelegraph : Nike-owne...
A US bankruptcy judge approves repaying FTX customers, and FTX is in talks over $1B in seized US assets; in June 2024, FTX had $12.6B, which may rise to $16.5B
Bloomberg :
OpenAI's Ilya Sutskever “deeply regret[s]” participating “in the board's actions” and says he “never intended to harm OpenAI” and wants to “reunite the company”
I deeply regret my participation in the board's actions. I never intended to harm OpenAI. I love everything we've built together and I will do everything I can to reunite the compa...
Satya Nadella says Sam Altman, Greg Brockman, and OpenAI staff will join Microsoft's new “advanced AI research team” and Microsoft remains committed to OpenAI
Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” …
OpenSea lays off ~50% of staff and is moving to “OpenSea 2.0”; after laying off 20% of its workforce in July 2022, the NFT marketplace said 230 staff remained
A company representative told Decrypt that approximately 50% of employees were impacted across the company.
At SBF's trial, the personal dynamics between him and his friends are a vital component of the case, making clear how much his inner circle has turned on him
The FTX founder's criminal trial has made clear just how much his inner circle has turned against him. X: @lylepratt , @jespow , @bradydale , @runnerxbt , @zekefaux , @ritwik_priya...
Caroline Ellison's well-prepared testimony painted Sam Bankman-Fried as the ultimate decision-maker at FTX and a corrupting influence on his subordinates
- Government prosecutors completed their direct examination of former Alameda Research CEO Caroline Ellison on Wednesday in the fraud trial of Sam Bankman-Fried.
Meta plans to wind down its work on NFTs “for now” to focus on other ways of supporting creators and will continue working on Meta Pay
- Meta is ditching its NFT efforts, for now, according to executive Stephane Kasriel. — Meta is ditching its pursuit of NFTs as the company looks …
The SDNY says ex-Alameda CEO Caroline Ellison and FTX CTO Gary Wang pleaded guilty to federal charges, both are cooperating, and releases them on a $250K bond
Caroline Ellison and Gary Wang helped disgraced crypto mogul divert funds and are now aiding prosecutors
A look at SBF's desperate efforts to raise $7B+ from Sequoia, Apollo, TPG, the Saudis, and others; FTX's internal accounting software hid FTX-Alameda transfers
As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked …
Meta begins rolling out NFT support on Instagram in 100 countries after launching Coinbase Wallet and Dapper integrations and support for the Flow blockchain
Meta begins rolling out NFT support on Instagram in 100 countries after launching Coinbase Wallet and Dapper integrations and support for the Flow blockchain
Oliver Knight / CoinDesk :
The DOJ charges ex-OpenSea head of product Nate Chastain with wire fraud and money laundering tied to a September 2021 NFT insider trading scheme, a DOJ first
Department of Justice officials say it's the first time they've pursued an “insider trading” charge in digital assets. Source: U.S. Department of Justice .
Yuga Labs, the creator of Bored Ape Yacht Club, acquires NFT collections CryptoPunks and Meebits from Larva Labs, along with 400+ CryptoPunks and 1.7K+ Meebits
Jacob Kastrenakes / The Verge : Source: Yuga Labs .
Yuga Labs, the creator of Bored Ape Yacht Club, acquires NFT collections CryptoPunks and Meebits from Larva Labs, along with 400+ CryptoPunks and 1.7K+ Meebits
Jacob Kastrenakes / The Verge : Source: Yuga Labs .
OpenSea acquires crypto lending APIs startup Dharma Labs, which will shutter its wallet in 30 days; source says the deal was valued between $110M and $130M
Frank Chaparro / The Block :
Marc Andreessen blocked Jack Dorsey on Twitter following his tweets critical of a16z and Web3; Dorsey then tweeted “I'm officially banned from web3”
The venture capitalist blocked the former Twitter CEO, and Dorsey said he's now ‘banned from Web3’
Marc Andreessen blocked Jack Dorsey on Twitter following his tweets critical of a16z and Web3; Dorsey then tweeted “I'm officially banned from web3”
The venture capitalist blocked the former Twitter CEO, and Dorsey said he's now ‘banned from Web3’
Marc Andreessen blocked Jack Dorsey on Twitter following his tweets critical of a16z and Web3; Dorsey then tweeted “I'm officially banned from web3”
The venture capitalist blocked the former Twitter CEO, and Dorsey said he's now ‘banned from Web3’
Marc Andreessen blocked Jack Dorsey on Twitter following his tweets critical of a16z and Web3; Dorsey then tweeted “I'm officially banned from web3”
The venture capitalist blocked the former Twitter CEO, and Dorsey said he's now ‘banned from Web3’