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'Napoleon Dynamite' Star Jon Heder Reflects on FTX Collapse, Focus on 'Altruistic Philosophy'
Verified Labs co-founder Jon Heder, who is also an actor known for the smash hit comedy “Napoleon Dynamite," reflects on the FTX implosion after being cast in the animated parody inspired by the crypto exchange's collapse. "It's pretty much Greek to me," Heder said. "I'm trying to make sense of it all as we go along."

Bitcoin Traders Move Past $1B Liquidation Event
Market intelligence platform Santiment notes that bitcoin's (BTC) price flirted with $26,800 in the past 24-hours, as large holders are returning to the market. The comes a week after $1 billion worth of crypto futures were liquidated after a sudden sell-off that hit trading volumes and the broader market recovery. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

FTX Saga Satirized by Web3 Studio in Interactive Series Called 'FORTUN3'
Verified Labs co-founder Jon Heder, who is also known for the smash hit comedy “Napoleon Dynamite,” joins Verified Labs CEO Justin Trevor Winters on "The Hash" to discuss the upcoming animated comedy about the FTX debacle called "FORTUN3," debuting this fall. Plus, the two discuss their plans to bridge the gap between entertainment and Web3.

How Charges Against Tornado Cash Developers Could Alter Future of DeFi
The Department of Justice alleged that two Tornado Cash developers, Roman Storm and Roman Semenov, have laundered "more than $1 billion" with the crypto privacy mixer, including "hundreds of millions" for North Korea's Lazarus Group. "The Hash" panel discusses the indictment and what it could mean for the future of decentralized finance.

Bankrupt FTX Wants Mike Novogratz’s Galaxy to Manage its Crypto Holdings
Bankrupt crypto exchange FTX is seeking to hire Mike Novogratz’s Galaxy as an advisor to help sell, stake and hedge its sizable crypto holdings, according to court filings. "The Hash" panel discusses the latest developments and the financial conditions of the defunct exchange as the bankruptcy case is burning as much as $1.5 million every day in legal costs.

Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy
Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing parallels to the legal considerations of Napster and Silk Road. Plus, what to make of the latest developments around Sam Bankman-Fried as the FTX founder settles on a defense strategy ahead of his criminal trial this October.

Crypto Developers Are Being Charged Because They 'Opened the Door' to Illegal Activity: Lawyer
Tully & Weiss criminal defense attorney Joseph Tully weighs in on Tornado Cash developers Roman Storm and Roman Semenov facing allegations of money laundering and sanctions violations. "This is sort of along the same lines of law that we've seen starting with Napster, BitTorrent...even Silk Road, where developers are being charged not for things that they did, but because they opened the door, so to speak, for illegal activity," Tully said.

Tornado Cash Devs Charged With Money Laundering and Sanctions Violations
Tornado Cash developers Roman Storm and Roman Semenov were charged with violating sanctions and helping exploiters launder more than $1 billion, including "hundreds of millions" for North Korea's Lazarus Group, according to a statement from the U.S. Attorney's Office of Southern District of New York. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses what the legal developments could mean for the future of crypto privacy mixers.

Australia's CBDC Pilot Shows 'Path Forward' for a Tokenized Economy: Canvas CEO
Australia won't be introducing a CBDC for some years, according to a new report from the country's central bank. David Lavecky, CEO and co-founder of fintech firm CANVAS, which facilitated the first-ever foreign exchange transaction using an Australian Central Bank Digital Currency, shares insights into Australia's eAUD pilot. "It's really shown that there is a path forward tokenizing the economy and having a ecosystem of both CBDCs and privately-issued stablecoins," Lavecky said.

Crypto Bull Market Base Is 'Being Built' as Bitcoin Price Briefly Tops $26.7K: CoinRoutes CEO
Bitcoin (BTC) is paring some earlier gains after topping $26,789 in the last 24-hours. CoinRoutes CEO and co-founder Dave Weisberger discusses his crypto markets analysis and the next catalysts to watch that could move price action. "The bull market's base is being built at these levels rather strongly," Weisberger said. Plus, his AI-related tokens outlook after Nvidia posted its latest quarterly earnings results.
