2024

SushiSwap

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Punk

<p>Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.</p>
<p><em>Every week, crypto.news brings you #hashtag hearsay, a gossip column of scoops and stories shaping the crypto world. If you have a tip, email Dorian Batycka at dorian@crypto.news</em></p>
<h2 class="wp-block-heading" id="strong-drama-at-sushiswap-strong"><strong>Drama at SushiSwap</strong></h2>
<p>New reports have surfaced that several community members of Sushi’s core team have paid themselves undisclosed salaries and bonuses. According to a Mar. 7 story in the <a href="https://thedefiant.io/sushi-community-decries-core-team-deleting-governance-forum-and-ignoring-snapshots" target="_blank" rel="noopener noreferrer nofollow">Defiant</a>, Naim Boubziz, a core contributor to Sushi, claimed that DEXs treasury funds allow only select DAO members access to the team’s pay and bonuses, leading to calls that the treasury is being mismanaged.&nbsp;As an internal proposal said:</p>
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 <p>“The failure to govern Sushi funds in a transparent manner is of the utmost concern and requires immediate action from the DAO to protect its assets from ungovernable spending of treasury assets by the Sushi operations team.”</p>
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<p>Jared Grey, Sushi’s “head chef,” and Neil Bhasin, half of Sushi’s two-man compensation committee, responded in the Sushi forum <a href="https://forum.sushi.com/discussion/16089-transparency-surrounding-treasury-funds-and-the-operations-team?comment=80420" target="_blank" rel="noopener noreferrer nofollow">saying</a> that the proposal’s author was a contributor to the rival Ramses Exchange, <a href="https://forum.sushi.com/discussion/16089-transparency-surrounding-treasury-funds-and-the-operations-team?comment=80411" target="_blank" rel="noopener noreferrer nofollow">accusing</a> them of seeking to “stir up drama within a competing DAO.”</p>
<p>True/False? In this case probably true, the drama at Sushi has been going on for quite some time.</p>
<h2 class="wp-block-heading" id="strong-the-buyer-of-punk-3100-for-4-5k-eth-strong"><strong>The buyer of Punk 3100 for 4.5k ETH</strong></h2>
<p>@gmmoneyETH has a theory the buyer of the rare alien punk is none other than Alexandre Arnault, son and heir of luxury scion Bernard Arnault.</p>
<p>The French billionaire just sold a crypto punk a few weeks ago in February at a profit of just 1 ETH, claiming he didn’t feel a connection to the piece anymore. According to @gmmoneyETH, nevertheless, the rumor “on the street is that he’s bidding on this alien,” due mostly to the fact Arnault also apparently shares an affinity for blue head bands.</p>
<p>True/False? Who has the kind of money to spend 4.500 ETH on a CryptoPunk? Someone whose dad owns Tiffany’s and Louis Vuitton, that’s who.&nbsp;Either that or a wash trader.</p>
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   <p lang="en" dir="ltr">2/ Not long ago he sold his Punk 3167 for 161 ETH, with 1 ETH “profit” that some people even laughed at. But you have to know that rich people like to haggle, that’s how they stay rich. Also, allegedly he included the punk pendant in this sale, the very first punk pendant, to… <a href="https://t.co/Ez9tlFDpPH" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Ez9tlFDpPH</a></p>— gmmoney.9dcc.eth (@gmmoneyETH) <a href="https://twitter.com/gmmoneyETH/status/1763279242388017159?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 29, 2024</a>
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<h2 class="wp-block-heading" id="strong-rumors-that-jeff-bezos-unloaded-amazon-stock-for-crypto-strong"><strong>Rumors that Jeff Bezos unloaded Amazon stock for crypto&nbsp;</strong></h2>
<p>On Feb. 21, Bloomberg broke the news that everyone’s favorite retail mogul Jeff Bezos offloaded 20 million Amazon shares worth an estimated $8.5 billion dollars. Sitting on that much cash may be smart for some, but with interest rates low and the US dollar still causing widespread global inflation, speculation started churning online that Bezos had eyed this moment as an entree to Bitcoin.</p>
<p>The source of the rumour? An X post by Apollo co-founder Thomas Fahrer, who conjures several spurious and one unsubstantiated rumour: Bezos was spotted dining with Michael Saylor, a rumour that was later dispelled.</p>
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   <p lang="en" dir="ltr">Is Jeff Bezos piling into <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> right now? <br><br>Mingling with Michael Saylor? ✔️<br><br>Just liquidated $8.5 billion in Amazon stock? ✔️<br><br>Sitting on cash? Unlikely, he's sharper than that. ✔️<br><br>Bitcoin's price pump, hinting at billionaire FOMO?✔️<br><br>Something's up. 🤔 <a href="https://t.co/C4Aq3QKUPR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/C4Aq3QKUPR</a></p>— Thomas | heyapollo.com (@thomas_fahrer) <a href="https://twitter.com/thomas_fahrer/status/1762786958454280584?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 28, 2024</a>
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<p>True/False? Is Bezos secretly hedging exposure to Amazon stock <em>and </em>the US dollar by LARPing into the original cryptocurrency? Maybe. When Buffet/Pelosi now?</p>
<h2 class="wp-block-heading" id="strong-edward-snowden-posits-a-theory-that-a-government-may-be-secretly-stacking-crypto-strong"><strong>Edward Snowden posits a theory that a government may be secretly stacking crypto</strong></h2>
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   <p lang="en" dir="ltr">Prediction: A national government will be revealed this year to have been buying Bitcoin—the modern replacement for monetary gold—without having disclosed that fact publicly.</p>— Edward Snowden (@Snowden) <a href="https://twitter.com/Snowden/status/1762915456694784497?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 28, 2024</a>
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<p>Who could it be? Recall the rumour that Bitcoin may have been created by the NSA? Snowden’s former employer, the NSA. Did the NSA invent Bitcoin? Probably <a href="https://news.bitcoin.com/did-the-nsa-invent-bitcoin-a-1996-research-paper-reignites-the-debate/#" data-type="link" data-id="https://news.bitcoin.com/did-the-nsa-invent-bitcoin-a-1996-research-paper-reignites-the-debate/#" target="_blank" rel="noopener noreferrer nofollow">not</a>.</p>
<p>True/False? Unlikely, but not 0.</p>
<h2 class="wp-block-heading" id="strong-memes-of-the-week-strong"><strong>Memes of the week</strong></h2>
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   <p lang="ht" dir="ltr">Lmao <a href="https://t.co/W97z8HI8u1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/W97z8HI8u1</a></p>— Cozy ⓣhe Caller 🔥💃🏻 (@cozypront) <a href="https://twitter.com/cozypront/status/1765787921389420716?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 7, 2024</a>
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   <p lang="en" dir="ltr">ok gn <a href="https://t.co/TlXT5Ohczq" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TlXT5Ohczq</a></p>— barkery🔻 (@barkery91) <a href="https://twitter.com/barkery91/status/1765945782237040751?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 8, 2024</a>
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   <p lang="en" dir="ltr">RIP my forever King. <a href="https://t.co/jN4DXfo57H" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/jN4DXfo57H</a></p>— King 💹 (@0xgodking) <a href="https://twitter.com/0xgodking/status/1765838002947768345?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 7, 2024</a>
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<p>Read more: <a href="https://crypto.news/lessons-from-2023-the-ftx-trial-and-crisis-management-for-crypto-projects-opinion/" rel="noopener noreferrer nofollow"> Lessons from 2023: the FTX trial and crisis management for crypto projects | Opinion </a></p>

Jeff Bezos’s $8.5b for buying crypto? 4.5k ETH for alien punk? And more succulent crypto gossip | Opinion

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