If you were kicking yourself last year for not getting in on the NFT craze, we’ve got good news... but if you have a stockpile of Bored Apes collecting digital dust, maybe skip to the Saturday crossword. 

Driving the news: A new report from crypto company dappGambl found that ~95% of all NFTs are now essentially worthless, with ~23 million people holding onto these “assets.”

In what would be the most shocking comeback since Michael Jordan returned to the NBA (pick either time that it happened), bankrupt crypto exchange FTX wants a fresh start. 

What happened: Current CEO John Ray III has begun looking for interested parties to help revive its flagship international crypto exchange, per The Wall Street Journal. 

The cryptocurrency sector is facing an existential crisis courtesy of Uncle Sam.

Driving the news: The Securities and Exchange Commission (SEC) set the stage for a high-stakes showdown with the biggest players in crypto last week, filing lawsuits against Binance and Coinbase, the largest crypto exchanges in the world and the US, respectively.

Like the Blue Jays in 92/93, the US Securities and Exchange Commission (SEC) has gone back-to-back. Back-to-back with crypto lawsuits, that is.

Would you let a company scan your eyeball in exchange for some digital tokens? OpenAI CEO Sam Altman is betting that your answer will be: “Yes, absolutely, where do I sign?!”

From trading hiccups to stablecoin woes, the world’s largest crypto platform has had a rough 2023. And now, after a new report, regulators are circling like sharks before a feeding frenzy.

Former FTX CEO and ex-“Next Warren Buffet” Sam Bankman-Friend (known by friends and the entire internet as SBF) maintained his innocence in court yesterday while facing charges that could land him up to 115 years in the big house.

$2.4 million worth of bitcoins were mysteriously transferred from virtual wallets linked to QuadrigaCX, the bankrupt Canadian crypto exchange that was revealed to be a Ponzi scheme. 

The strange part? Those wallets were previously thought to be inaccessible, and we don’t know where the bitcoins have gone. 

If you thought things couldn’t get worse for the crypto world, think again.