DeSpace Newsletter Digest
Binance’s FTT Liquidation, MakerDAO Co-Founder’s Death, and More
DeSpace Weekly Newsletter #16 – November 7, 2022
Dear Despace community,
We have another amazing newsletter for you to read. Just like before, this week’s newsletter covers all the most important news from the crypto space from last week as well as recent important updates from DeSpace Protocol.
What Happened in the Crypto Market Last Week:
Binance Confirmed It Would Liquidate Its Entire FTT Holdings
Binance has confirmed it would liquidate its entire FTT holdings, according to its own CEO, CZ. While CZ did not want to say how much FTT Binance still has in its balance sheet, he said Binance held approximately $2.1 billion worth of FTT and its BUSD dollar-denominated stablecoin. Binance wants to liquidate its entire FTT holdings due to a recent leak which showed that FTX CEO’s crypto hedge fund Alameda Research has over $5.8 billion worth of FTT out of its total assets of $14.6 billion. CZ believes it’s risky to hold FTT due to this recent revelation.
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MakerDAO Co-Founder Was Found Dead, Conspiracy Theories Thrive
MakerDAO co-founder, Nikolai Mushegian, was found dead last week on a beach of San Juan, Puerto Rico. Prior to his death, Nikolai tweeted a conspiracy theory about Mossad, CIA, and “pedo ring”. On October 28, he said “CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death.”

Just a few days after this tweet, Nikolai’s body was recovered on Ashford Beach, in San Juan. Local authorities claimed there is no evidence of foul play.
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Google Cloud Is Now Officially a Solana Validator

Google cloud has announced it would offer “Blockchain Node Engine” which should support various popular blockchain platforms. After its initial announcement that included Ethereum, Google Cloud stated that it is also running a Solana validator, as part of Google’s plan to bring its Blockchain Node Engine to the Solana blockchain.
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What happened at DeSpace Last Week:
Refer Your Friend To DeSwap and Earn 100% of Referral Swap Fees
Refer a friend to DeSwap and earn 100% of their swap fees as rewards. It's easy to get a referral code, and as we're decentralized you don't even need a user account! Check out our guide for the details
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APR vs APY - Learn the Differences
Have you ever wondered why different DeFi apps might use different terms like APR and APY? Our new article on Despace University covers both and tells you the exact differences between the two.
Read More
This is our 16th newsletter, where we bring the latest and most interesting updates from both the crypto world as well as DeSpace directly to your inbox. Make sure you’re following our social channels so that you don’t miss any news the moment it goes live.
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