🎱 Shakeout… Yuga Labs, the biz behind Bored Ape NFTs, said it’s laying off employees. Its revenue took a hit with the rise of Blur, a marketplace that offered lower per-transaction royalty fees to NFT creators than competitor OpenSea.
🤔 Sus… Caroline Ellison, prosecutors’ star witness in Sam Bankman-Fried’s trial, took the stand. She said that SBF directed her to commit crimes and that Alameda Research took ~$14B from FTX’s customers. Speaking of Ellison…
📸 Flashy… SBF’s ex-girlfriend and former CEO of Alameda testified that SBF thought his hair was “very valuable” and directly contributed to his success. Ellison also said that SBF believed he had a 5% chance of being elected US president.
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