— Blockchain, Brazil
Rancher puts cows on the blockchain for clout
This weekend’s viral blockchain story about tokenizing cows to collateralize loans for farmers in Brazil fails to hold up to scrutiny.
Aaron Wise
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Inside the mystery of BitMEX’s insurance fund
The BitMEX insurance fund was marketed as protection but a new lawsuit alleges it grew on collateral stripped from customers.
Intel posts record $16B growth, workers rewarded with job cuts
Intel beat its own forecasts, posted a massive $16B in revenue, but still found a raft of jobs to terminate.
Andrew Tate’s memecoin down 97% while he tweets from cell
Andrew Tate's memecoin DADDY halved after US Marshals detained him and his brother pursuant to a UK criminal extradition.
Grayscale filing reveals 100 wallets hold 90% of Worldcoin
Grayscale’s S-1 for its Worldcoin ETF admits that just 100 wallets hold roughly 90% of all WLD tokens in circulation.
SpaceX IPO banks yell ‘buy’ as stock craters
SpaceX has shed over $1.1T since June 16, but the banks that split $500M selling its IPO still rate the stock a "buy."
Jack Mallers leaves Twenty One after overseeing 91% decline
Jack Mallers claims he took "no severance" for leaving Twenty One, yet he took $1.6M in cash for a separation agreement.
— BitLicense, Crypto
OKX hires the architect of the BitLicense it never won
Andrew Cuomo’s administration invented the BitLicense. OKX, a crypto exchange New York hasn’t licensed, just appointed him to its board.
Michael Saylor has sold $14 billion MSTR under 2.5x mNAV
Michael Saylor’s 2.5x mNAV anti-dilution pledge lasted less than three weeks. Strategy has sold $14.3B of MSTR below that mNAV since.
Apple overtook Nvidia as largest public company this morning
Apple surpassed Nvidia at 9:40am New York time to become the world’s largest public company, then handed back that crown within an hour.