🌶️ Spicy… The DOJ said it might drop some of the charges against Sam Bankman-Fried if the Bahamian gov’t says they violate the terms of his extradition to the US. The FTX founder is awaiting trial over his role in the exchange’s implosion.
📸 Flashy… Charles Schwab and Nomura are among the Wall Street titans backing or building their own crypto companies. In a post-FTX world, finance institutions are hoping that customers will trust them more than they do crypto-native firms.
🪙 Coins… Tether (aka: USDT) now has a record $83B+ market cap. Tether’s share of the stablecoin market grew this year after regulators ordered its competitor to stop minting BUSD (a Binance-branded stablecoin).
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