• The article discusses the recent surge of the BALD token on Coinbase-backed Base network and the speculation that it’s connected to Alameda Research.
• Head of Research at Wintermute, Igor Igamberdiev, conducted an investigation into who deployed the BALD token and concluded that it was likely a member of Alameda but not necessarily Sam Bankman-Fried.
• Tether also reported a $170M increase in Bitcoin reserves alongside a drawdown in precious metals allocation.
Recent Surge of BALD Token
The BALD token experienced an explosive surge of over 10,000% on the Coinbase-backed Base network before plummeting recently, sparking rumors and investigations on Twitter about its potential link to Alameda Research.
Investigation by Head of Research at Wintermute
Igor Igamberdiev, Head of Research at Wintermute, conducted an in-depth analysis of the BALD deployer and concluded that it is “definitely someone from Alameda” but not necessarily Sam Bankman-Fried – former CEO of FTX who is currently under house arrest.
Tether Reports Increase in Bitcoin Reserves
Tether also reported a $170M increase in Bitcoin reserves alongside a drawdown in precious metals allocation.
Coinbase Distance from CEO’s Comments
Coinbase has distanced itself from CEO Brian Armstrong’s comments on SEC investigation as well as Richard Heart publicly disparaging SEC as securities fraud case moves forward.
German Privacy Watchdog Investigating Worldcoin
German privacy watchdog has been investigating Worldcoin since November 2022 while Digital Currency Group is nearing settlement with Genesis creditors and reports $216M Q2 revenue as new CFO takes helm.