611:Ripple's win, Synthetix's Product, Lummis's Warning & BRICS

Overnighters,

Episode 611:
Lummis, Ripple, and the Crypto Landscape
Synthetix Unveils Infinex
TrueUSD Changes Owners
and More

The TL;DL

Lummis, Ripple, and the Crypto Landscape - Ripple's XRP token not a security, says court ruling. Senator Lummis calls for clear crypto regulations.

Synthetix Unveils Infinex - Synthetix announces Infinex, a new derivatives front-end for decentralized trading, aiming to compete with centralized exchanges.

ChainGPT’s New DEX product - ChainGPT launches Pad, an AI-powered platform for crypto startups, aiming to revolutionize the Initial DEX Offering (IDO) landscape.

BlockFi CEO Ignored Warnings - BlockFi's CEO disregarded risk management team's advice, leading to disastrous lending to Alameda Research and eventual bankruptcy.

TrueUSD Changes Owners - Stablecoin TrueUSD's operations transitioning to Asian-based owners, Techteryx Ltd, raising concerns about transparency and risk.

BRICS Oil Deals - BRICS and GCC nations bypass U.S. sanctions on Russia, using Chinese Yuan for oil deals, potentially challenging U.S. dollar's global dominance.

Crypto Overnighter Podcast (7/16/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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