coinstack.beehiiv.com Open in urlscan Pro
2606:4700::6812:4528  Public Scan

Form analysis
1 forms found in the DOM

POST /post_like

<form method="post" action="/post_like" class="group relative top-[3px]"><input type="hidden" name="post_id" value="ec87e443-ff64-43b2-b74e-9be5d216ea11"><input type="hidden" name="subscription_id" value="171947104"><input type="hidden"
    name="user_id" value=""><button type="submit">
    <div class="text-wt-text-on-background opacity-50 group-hover:opacity-100 flex items-center">
      <div class="rounded-full p-1 hover:bg-[#f3f4f6]"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" stroke-width="1.5" stroke="currentColor" class="h-7 w-7 outline-none h-4 w-4 stroke-1">
          <path stroke-linecap="round" stroke-linejoin="round" d="M21 8.25c0-2.485-2.099-4.5-4.688-4.5-1.935 0-3.597 1.126-4.312 2.733-.715-1.607-2.377-2.733-4.313-2.733C5.1 3.75 3 5.765 3 8.25c0 7.22 9 12 9 12s9-4.78 9-12Z"></path>
        </svg></div><span class="hidden text-transparent text-sm font-medium group-hover:opacity-100">0</span>
    </div>
  </button></form>

Text Content

Coinstack



0

 * Coinstack
 * Posts
 * Was the SBF Sentence Too Harsh? ⚖️


WAS THE SBF SENTENCE TOO HARSH? ⚖️


THE JUDGE SENTENCED SBF TO 25 YEARS IN JAIL AND ORDERED HIM TO PAY BACK UP TO
$11 BILLION IN INVESTOR AND LENDER LOSSES. PLUS THE NEWS, REPORTS, STATS, AND
TOP FUNDING ROUNDS OF THE WEEK.

Ryan Allis
April 03, 2024



Social Links: Twitter | Telegram | Newsletter

Learn More at www.amphibiancapital.com and www.gryphondigitalmining.com and
www.dimitra.io

Issue Summary: Welcome back to Coinstack, the weekly newsletter for
institutional crypto investors and industry insiders. We review the top news,
stats, and reports in the digital asset ecosystem for our 250k weekly
subscribers. This week, SBF was sentenced, KuCoin laundered $9B, Bitwise filed
for spot Ethereum ETF, and big new venture rounds for Xion ($25M) and Peaq
($15M). 




Price performance since we began writing Coinstack in January 2021




PUBLISHED BY COINSTACK PARTNERS



Coinstack Partners helps crypto/web3 companies raise funding from crypto venture
capital firms and family offices for Series Seed/A/B/C rounds of $1M to $50M.
The firm has relationships and access to all of the top 300 crypto venture
capital firms across North America, Asia, and Europe. To discuss venture capital
fundraising services for your company, please review our deck and schedule a
free consultation.

Schedule a Free Consultation


THANKS TO OUR 2024 COINSTACK SPONSORS…



Amphibian Capital is a market/delta neutral fund of the world's leading crypto
funds, returning approximately 7.11% net for Q1 2024, 202%+ net (pro-forma)
since '19 and aim to deeply mitigate downside. Amphibian offers BTC, ETH and USD
share classes. Deck here: www.amphibiancapital.com



Gryphon Digital Mining (NASDAQ: GRYP) is the industry leader in green Bitcoin
mining. They use 100% renewable energy and were one of the first to receive the
Sustainable Bitcoin Certificate. Gryphon is also a leader in Bitcoin Efficiency,
posting 68 BTC/EH, and is headed by a team of former executives of the
industry’s top public bitcoin miners. To learn more about Gryphon Digital Mining
visit www.gryphondigitalmining.com or follow @GryphonMining.



Dimitra is enhancing agricultural productivity for smallholder farmers
worldwide, setting the Agtech standard with cutting-edge AI, blockchain, and
real-world application technologies that ensure transparency and optimized
yields. Visit their website at dimitra.io or follow them on X for more
information @dimitratech. 


BECOME A COINSTACK SPONSOR

To reach our weekly audience of 250,000 crypto insiders, view our sponsor deck
and schedule a call to discuss sponsoring Coinstack.

Become a Coinstack Sponsor
Book a Call




💵 WEEKLY CRYPTO FUNDRAISES & DEALS

Here are all the crypto fundraises we heard about this week, ranked by size…

 1. Xion, The web3 infrastructure firm, has raised $25M in funding, led by
    Animoca Brands

 2. Peaq, a Layer 1 Blockchain project, for decentralized physical
    infrastructure networks (DePINs), has raised $15M in a pre-launch
    multi-tranche funding round, co-led by Generative Ventures and Borderless
    Capital

 3. FLock, The web3 artificial intelligence training firm, has raised $6M in
    seed funding, led by Lightspeed Faction and Tagus Capital

 4. Camp Network, a layer 2 blockchain, has raised $4M in a seed funding round,
    led by Maven 11

 5. Ethena, the "synthetic dollar" protocol , has raised $300,000 in an 
    investment, led by Ser Shokunin





🗞️ CRYPTO NEWS RECAP: THE TOP 5 STORIES

Welcome back to This Week in Crypto… everything you need to know in one
scannable format. Here are the top 5 stories of the week… 

 1. ⚖️ FTX Founder Sam Bankman-Fried Was Sentenced To Serve up to 25 Years in
    Prison: FTX founder Sam Bankman Fried was sentenced to nearly 25 years in
    prison on Thursday, marking the conclusion of a criminal fraud trial
    involving the loss of $8 billion by retail investors. He is likely to
    actually serve between 18 and 22 years based on potential credit for good
    behavior. Above all — it is a strong lesson to people in the space to not
    co-mingle customer exchange deposits with a risky trading hedge fund — a
    needed lesson.
    
    1. The question remains: since many FTX creditors are on track to get back
       much of their money by the end of 2024 (at least based on Nov 2022 values
       at the time of bankruptcy) due to crypto prices rising and the rapidly
       rising FTX venture investment in Anthropic — was 25 years too harsh of a
       sentence? And was the real shame the forced selling of all the FTX assets
       by the bankruptcy firm at the bottom of the market rather than simply
       HODLing until the inevitable bull cycle. If only Terra UST wouldn’t have
       crashed, would FTX had made it? Questions we may never know the answer
       to.
       
       

 2. ⚖️ Crypto Exchange KuCoin “Laundered $9B, Flouted Anti-Money Laundering
    laws”: DOJ indictment: The DOJ unveiled the indictment on Tuesday against
    KuCoin and two of its founders Chun Gan and Ke Tang over charges related to
    operating an unlicensed money-transmitting business and and violating the
    Bank Secrecy Act. The Department says the exchange failed to maintain an
    adequate anti-money laundering program and failed to have "reasonable
    procedures" in place to confirm customers' identities and also failed to
    file suspicious activity reports.
    
    

 3. ⚖️ Bitwise files for spot Ethereum ETF amid SEC approval uncertainty:Bitwise
    has filed for the right to issue a spot ether exchange-traded fund even as
    questions continue to swirl around when the Securities and Exchange
    Commission might give such products the green light.
    
    

 4. 💸 Base Transactions and DEX Volumes Surge to New All-time Highs: Activity
    on the Coinbase-incubated layer two blockchain Base remains hot as March
    nears its close, with daily transactions and trading volumes surging to
    record highs.
    
    

 5. ⚖️ FTX Bankruptcy Estate Aiming to Begin Repaying Creditors by the End of
    2024: The FTX bankruptcy estate has set a goal to begin repaying customers
    by the end of 2024, according to notes from a meeting of FTX Digital's Joint
    Official Liquidators in the Bahamas. 
    
    




COINSTACK DAILY

We’re launching a new daily edition Coinstack that covers all the day’s news and
funding announcements. If you’d like to join our daily edition, subscribe here.





💬 TWEET OF THE WEEK

Source: @jjcmoreno





📊 KEY STATS OF THE WEEK

Here are the most important and interesting stats in crypto this week...


1.  CONSENSYS LAYER 2 ZKEVM LINEA INTEGRATED BLOBS TO THEIR MAINNET IN AN EFFORT
TO REDUCE DATA AVAILABILITY COSTS AND HELP DRIVE SCALABILITY. LINEA IS NOW THE
SECOND LARGEST CONSUMER OF BLOBS, POSTING 1,700 TODAY AND TRAILING ONLY ARBITRUM
(1,751). OVERALL, LINEA ACCOUNTS FOR 24% OF ALL DAILY BLOBS POSTED.

Source: @DavidShuttleworth


2. THE TOTAL AMOUNT OF STABLECOINS IN CIRCULATION ON COINBASE LAYER 2 NETWORK
BASE HAS NOW SURPASSED $1B FOR THE FIRST TIME EVER, AND HAS INCREASED MORE THAN
275% OVER THE PAST MONTH. 

Source: @DavidShuttleworth


3. ACTIVITY THROUGHOUT THE COINBASE BASE ECOSYSTEM CONTINUES TO ACCELERATE, AS
BASE HAS JUST ACHIEVED AN ALL-TIME HIGH IN TERMS OF DAILY TRANSACTIONS, HANDLING
OVER 2.16M TRANSACTIONS ON THE DAY. 

Source: @DavidShuttleworth


4. PRIOR TO DENCUN GOING LIVE ON MARCH 13TH, ABOUT 1.23M DAILY TRANSACTIONS WERE
SETTLED ON ETHEREUM WITH $28.7M IN GAS FEES ($23.33/TX). FAST-FORWARD TWO WEEKS
LATER AND WE'RE STILL SEEING 1.23M DAILY TRANSACTIONS BEING SETTLED ON THE
NETWORK, BUT WITH JUST $7.71M IN GAS FEES BEING PAID ($6.27/TX). THIS REPRESENTS
A 73% REDUCTION IN GAS FEES THAT USERS ARE PAYING TO USE THE NETWORK. 

Source: @DavidShuttleworth


5. OVERALL, LINEA HAS JUST HANDLED OVER 4.7M DAILY TRANSACTIONS (UP 478% ON THE
MONTH) WITH 576K DAILY ACTIVE USERS (UP 136% ON THE MONTH). MEANWHILE, DAILY
FEES ARE DOWN 71% ON THE MONTH. PERHAPS JUST AS IMPORTANT, ROUGHLY 5,000 NEW
CONTRACTS HAVE BEEN DEPLOYED TO THE NETWORK EACH WEEK THROUGHOUT MARCH, AN
INCREASE OF 316% COMPARED WITH FEBRUARY. 

Source: @DavidShuttleworth


6. TOP MOVING COINS FROM THE TOP 100






📝 HIGHLIGHTS FROM THE TOP CRYPTO REPORTS

Here are the top highlights from the best crypto research reports this week…


AEVO - VERADIVERDICT - ISSUE #288

About the Author: Paul Veradittakit, is a Managing Partner at Pantera Capital,
one of the oldest and largest institutional investors focused on investing into
blockchain companies and cryptocurrencies. This is an excerpt from the full
article, which you can find here.

Key Takeaways:

 * Pantera recently invested into Aevo, a decentralized derivatives exchange
   platform focused on options and perpetual trading. Previous investors include
   Paradigm, Dragonfly Capital, and Coinbase Ventures.

 * Aevo runs on Aevo L2, a custom Ethereum rollup built with the Optimism stack.

 * Aevo’s main products offered on the exchange are perpetual futures, options,
   and pre-launch tokens.

Introduction

Aevo is a decentralized derivatives exchange platform focused on options and
perpetual trading. It runs on Aevo L2, a custom Ethereum rollup built using the
Optimism stack. This enables Aevo to support over 5,000 transactions per second
and handle over $30 billion in trading volume so far.

The exchange uses a hybrid model - an off-chain central limit order book for
matching trades, combined with on-chain settlement of the actual trades using
smart contracts on Ethereum L2. This allows Aevo to provide a high-performance,
low-latency trading experience similar to centralized exchanges while
maintaining the security and transparency of decentralized settlement.



Aevo offers three main products currently:

 1. Perpetual Futures - Allows users to long or short crypto assets with up to
    20x leverage. Aevo supports a variety of crypto perpetuals including BTC,
    ETH, SOL, AVAX and more.

 2. Options - Provides an on-chain options order book where users can buy and
    sell call/put options on crypto assets with various strike prices and
    expires.
    
    This includes ETH and BTC options with weekly, biweekly and monthly expiries

 3. Pre-Launch Token Futures - Aevo offers futures markets for tokens that have
    not launched yet. Once the token launches on a CEX, the pre-launch future
    converts into a regular perpetual future.

These have special parameters like 50% initial margin, no index price, and no
funding payments. Price is fully speculative, based on market demand.

Aevo is the go-to place for pre-launch markets now, earning the name the
“Coingecko/Coinmarketcap of Pre-Launch tokens”. Recent successful pre-launches
include Jupiter and Starknet. 

Transition from Ribbon Finance to Aevo

Aevo was created by the same team behind Ribbon Finance, a pioneering DeFi
options protocol that has processed over $10 billion in options volume through
automated options vaults. Ribbon's options vaults have an all-time high TVL of
over $350 million and have earned over $50 million in options premiums for
depositors.

In late 2023, the Ribbon team decided to expand from options vaults into a
full-fledged decentralized options and perpetuals exchange. This led to the
creation and launch of Aevo.

The Ribbon team brought their deep experience and track record in DeFi options
to Aevo. The exchange has quickly gained traction, with over $30 billion traded
in just a few months since launch. Aevo aims to build on Ribbon's success to
create the leading decentralized derivatives exchange.





🎧 TOP CRYPTO PODCASTS OF THE WEEK

Here are the crypto podcasts that are worth listening to this week...

 1. Bankless - Blackrock's $10T Bet on Ethereum | BUIDL Fund

 2. The Defiant - Content Creators and Doomscrollers Are Getting Paid With
    Drakula

 3. Coin Bureau - Solana Price Potential?! Watch THIS Update If You Hold SOL!!

 4. Nathaniel Whittemore: The Hallmarks of the New Bitcoin Cycle with Ian Rogers

 5. Glassnode: Delphi's Hivemind: ETFs, 4844, Solana L2s & Ethena




ADDITIONAL COINSTACK SPONSORS



Hive Digital is a leader in providing SEO and PPC services for blockchain, DeFi,
Web3, and crypto companies. If you want to expand your organic presence and paid
leads from Google and Facebook, get a proposal from Hive Digital at
www.hivedigital.com.





💬 JOIN THE COINSTACK TELEGRAM COMMUNITY

Join our Telegram Channel here to chat with our community, ask questions, and
learn more about the future of money as we move to a decentralized internet and
the creation of a new open global monetary system that works for everyone.





💬 THE PEOPLE WE’RE FOLLOWING CLOSELY ON TWITTER

 1.  Vitalik Buterin

 2.  Justin Drake

 3.  Hayden Adams

 4.  Hasu

 5.  Ryan Adams

 6.  Vance Spencer

 7.  Camila Russo

 8.  Ryan Selkis

 9.  Anthony Sassano

 10. Lyn Alden

 11. Gavin Wood

 12. Cathy Wood

 13. Beniamin Mincu

 14. Barry Silbert

 15. David Hoffman

 16. Preston Pysh

 17. Willy Woo

 18. Ultra Sound Money List

 19. Polkadot Ecosystem List





📚 HOW TO GET STARTED WITH CRYPTO LEARNING

 1.  Crypto: Explain It Like I’m 5 (Article)

 2.  The Infinite Machine by Camila Russo (Book) 

 3.  Crypto Theses for 2021 by Messari (PDF)

 4.  Bankless - The DeFi community (Substack + Podcast + Discord)

 5.  Understanding Polkadot - The Next Generation Blockchain Tech (Website)

 6.  The Ethereum 2.0 Report from Messari (PDF)

 7.  Blockgeeks Video Tutorials (Video)

 8.  The Coinstack Website (Website)

 9.  2008 Bitcoin Whitepaper (PDF)

 10. 2013 Ethereum Whitepaper (PDF)




📰 THE COINSTACK NEWSLETTER:

Tracking the most important blockchain stories of the 2020s, including a
decentralized internet and the creation of a new open global monetary system
that works for everyone. As always, published for informational purposes only.
Please do your own research. Just our opinions. Not intended as financial advice
as we are not financial advisors. We may own some of the digital assets we write
about as we believe strongly in the sector. Please do your own research.
Published and written weekly by Ryan Allis and Mike Gavela. 

Coinstack is a news and analysis newsletter for the digital asset industry. None
of the information here is a recommendation to invest in any securities or other
types of investments. Past performance is no guarantee of future results. Any
historical returns, expected returns, or probability projections may not reflect
actual future performance. All investments involve risk and may result in loss.

Comments and thoughts are welcome on our Telegram channel:

 * Website at Coinstack.co

 * Substack at Coinstack.substack.com

 * Twitter at twitter.com/coinstackcrypto

 * Telegram channel at t.me/thecoinstack

 * Sponsors: See our Coinstack sponsor deck

Please share with your friends and colleagues.

Learn More at www.amphibiancapital.com and www.gryphondigitalmining.com and
www.dimitra.io



KEEP READING


BITCOIN ETFS AMASS OVER 100K BTC

BlackRock’s spot bitcoin ETF (IBIT) leads with 40,213 in holdings. Plus the top
news, stats, fundraises, and reports from this week.







BITCOIN SOARS TO NEW ALL-TIME HIGH ABOVE $69K

Bitcoin reached a new ATH this week of $69,200. The bull market has begun. Plus
the top news, stats, fundraises, and reports from this week.







BLACKROCK OVERTAKES GRAYSCALE

BlackRock’s Bitcoin ETC overtook GBTC for the first time



View more


FOOTER

COINSTACK

The Institutional Crypto Newsletter


HomePostsAuthors
Account
Manage SubscriptionReferrals

© 2024 Coinstack.

Privacy Policy

Terms of Use
Powered by beehiiv