NEXT WEEK IN CRYPTO: A Glimpse into the Upcoming Events
As we bid adieu to the first quarter of the year, the crypto sphere braces for a significant week ahead. Here’s what’s on the horizon:
- Sam Bankman-Fried’s Sentencing: The final chapter of Sam Bankman-Fried’s legal saga unfolds as he faces sentencing in court. Following a tumultuous fifteen months since FTX’s collapse, Bankman-Fried’s fate hangs in the balance. Scheduled for Thursday, March 28, the sentencing by Judge Lewis Kaplan promises to be a pivotal moment in the crypto landscape.
- FTX’s Ongoing Drama: The spotlight doesn’t dim on FTX as investigations intensify. The recent green light given to Robert Cleary to probe FTX’s legal representation, Sullivan and Cromwell, adds another layer of intrigue to the unfolding narrative. Allegations of ethical breaches loom large, indicating more twists in FTX’s tale.
- Token Unlocks Galore: Optimism and dYdX lead the charge in token unlocks, injecting a hefty $200 million into the market. Layer 2 network Optimism and decentralized exchange dYdX are set to unlock significant amounts, while other players like Yield Guild Games and SingularityNet also join the unlock spree.
- Do Kwon’s Uncertain Future: Amidst the legal tumult, Do Kwon, founder of Terraform Labs, steps back into the limelight. Released from Montenegrin prison, his extradition fate remains uncertain, with South Korea and the United States vying for jurisdiction over his case.
As the crypto landscape brims with anticipation, next week promises to be nothing short of eventful. Stay tuned for the latest developments shaping the future of digital finance.
