The R Roundup: Vitalik’s Proof-of-Stake Book Coming Soon — Issue #52
Vitalik’s made the headlines for more than one reason this week and the headline we CAN cover is the release of his proof-of-stake book that will be released on September 27th 2022.
Many see coordination between the book release and the infamous Ethereum “Merge” which will see the network’s consensus mechanism move to proof-of-stake, the topic of Vitalik’s book.
Vitalik isn’t like your average crypto founder with his eccentric nature and commitment to writing which once again is highlighted through the release of this book. The contents of the book are compiled with essays from before and during his rise of Ethereum giving all most a timeline of his journey in creating a new “internet-native world”.
There are signed copies from Vitalik which are also available to purchase digitally!
Stake Faces $400m Suit🎰👨⚖️
The popularity of crypto betting on Stake has been advanced by celebrities like Drake consistently posting their winnings however away from their marketing, Stake has been hit with a $400m lawsuit.
The past few months have seen a range of exchanges, venture firms and protocols crumble and face lawsuits but the latest to join the list of bad actors is Stake as former partner Christopher Freeman claimed that he was deceived into straying away from the formulation of Stake.
While Stake claims that Freeman’s claims are “inconsistent” and “misleading”, Freeman claimed to be left in the dark as the founders of Stake urged Freeman to move to Australia in order to contribute to the casino's operations.
Bitcoin betting has grown to become almost an independent platform in itself and the success of Stake is part of why Stake claims that the allegations are provably false.
FTX Revenue Up 1,000% 🔺
Some were prepared for the crypto winter and evidently, others were not but big bag Sam Bankman-Fried (FTX Founder) has emerged as playing a vital role in how and why the company is up 1,000%.
Last year the growth in the crypto economy couldn’t be understated and FTX from 2020 managed to grow from below $90m to more than $1 billion in revenue as crypto peaked at all-time heights.
Founder SBF has additionally been acquiring struggling start-ups in the bear which is evidence of the success FTX has accrued. Internal documents seen by CNBC allowed for the news to break of audited financials that show how profitable FTX was and how quickly it was spreading across the globe.
Revenue may take a halt with the current crypto winter however FTX was on track in 2022 to do roughly $1.1billion in revenue however the state of the estimation isn’t clear due to the cascade in price.
FTX declined to comment on the leaked documents.
The R Roundup Rebrand 🌱
For all of the loyal readers of our weekly issues that may not be aware of the changes, we have rebranded to The R Roundup!
This decision is to realign our platform with our intentions in the space and reaffirm our strive for authenticity and eliminate any indication of a bias.
Nothing will change but the aesthetic experience of our platform! The content stays the same!
Sudo Distributes To $XMON Holders🔒
Token release alert! The crypto market has a habit of rewarding when unexpected and the latest to create anticipation around a token distribution is Sudoswap!
The governance token of the sudoAMM protocol $SUDO has been announced to come to market and the team announced that 41.9% of the token supply will be allocated to $XMON holders.
The team stated that $XMON holders will have the opportunity to participate in a lockdrop event to receive $SUDO and they will have the ability to get involved in the governance of the sudoAMM protocol.
This led to a pump for the $XMON token as the $SUDO token is one that has been highly anticipated for some time!
⚠️: The Token Hasn’t Been Released Yet & There Are Active Scams Trying To Drain Your Wallets. Always Verify With The Team’s Official Links!
As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies. At no point should this be regarded as financial advice, feel free to familiarise yourself with our NFA disclaimer.
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