The Latest Breaking News from FTX

“As we thought about expanding to Ethereum, the core reason is that our customers have been asking for it,” Nick Neuman, Casa cofounder and CEO, told Fortune.

With the collapse of the cryptocurrency exchange FTX, the media shined a spotlight on the personal lives of founder Sam Bankman-Fried and his inner circle.

Despite being well-positioned for long-term growth, the application software industry has near-term headwinds to deal with. Hence, avoiding fundamentally weak stocks Robinhood (HOOD), Monday.com (MNDY), and Matterport (MTTR) could be wise, while fundamentally strong software stock Progress Software (PRGS) could be a great buy right now. Continue reading….

The former FTX CEO discussed in greater detail donations he made as Democratic Sen. Ron Wyden of Oregon called on crypto exchanges to be more transparent.

Embattled FTX founder was top donor to Democrats in 2022 midterms

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Alexander Pack said he and his Dragonfly team met with Alameda executives, including Bankman-Fried, more than a dozen times over a five-to-six-month period from 2018 to 2019.

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

What founders should expect from the VC funding environment, and what to do about it.