FTX burned, crypto crashed, and SBF's ex is...relieved? Why?
![What Happened in Crypto Today? [Oct. 12]](https://academy-public.coinmarketcap.com/optimized-uploads/a1cd5696ad36477ab3bb63c5368dc1b8.png)
- Co-author: Davier M
Hello again crypto comrades, crypto's been snoozing, but Caroline Ellison woke things up by blubbering about FTX's downfall in court. CoinMarketCap is buzzing in with that drama and more headlines.
But first, a lightning-round recap of the need-to-know crypto news:
- Caroline cracks on the stand, and admits relief after FTX's downfall 🫠
- Tangible stablecoin loses its footing, plummets 50% 📉
- Ethereum ghost town: Gas fees reach 2022 low 😶
- JPMorgan pats itself on the back over the blockchain pilot 👏
- Woo Network scores 3AC tokens on the cheap 💲
Alright, let's unpack all that!
Caroline Cracks on the Stand, Admits Relief After FTX Downfall 🫠
SBF's ex Caroline Ellison sobbed over the FTX collapse, claiming she felt "relief" when the lies finally ended. Our hearts bleed for this poor little COO who helped siphon billions. Was she really just following orders? Read the full story here!
Tangible Stablecoin Loses Its Footing, Plummets 50% 📉
Whoopsie! Tangible's real estate-backed USDR stablecoin just blew its dollar peg, plunging 50% in value. Turns out those property tokens weren't so stable after all. Check the details behind this de-pegging disaster.
Ethereum Ghost Town: Gas Fees Reach 2022 Low 😶
Tumbleweeds are rolling through Ethereum's ghostly quiet landscape as gas fees tumble to 2022 lows. Even degens are cutting back in this bear market. Can cheap fees raise spirits or will ETH have to wait for the next bull run? Read the full story here!
JPMorgan Pats Itself on the Back Over Blockchain Pilot👏
JPMorgan's blockchain Onyx keeps notching wins, completing a cross-border payment pilot with First Abu Dhabi Bank. Adoption is growing, but is it just banking theater or real innovation?
Read the full story here!
WOO Network Scores 3AC Tokens on the Cheap 💲
WOO Network scores 3AC's tokens and equity on the cheap after its collapse. Here are some details on how it pulled it off!
That's all the headlines for now. Join us tomorrow as CoinMarketCap delivers fresh crypto news to your inbox.
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