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Did SBF pull off another rugpull?

The sudden rug-pulling of the heavily hyped meme coin “BALD” has caught the attention of the crypto community, with speculation arising about the possible involvement of Sam Bankman-Fried, the founder of failed crypto exchange FTX and sister trading firm Alameda Research.

Blockchain analysts on Twitter, later validated by CoinDesk, revealed intriguing on-chain data indicating interactions between BALD’s deployer contract and a wallet linked to Alameda Research.

Igor Igamberdiev, head of research at Wintermute, identified another wallet (0xccFa05) as belonging to Alameda, pointing out the owner’s strong technical capabilities and expertise in decentralized finance (DeFi) activities, including early involvement with dYdX, Oasis, SushiSwap, Yearn Finance, and Cream.

You can read more on the matter here.

What’s going on?

• Biden Administration Unveils New Student Loan Repayment Plan (theDeepDive)

• Another Bank Failure: Kansas Heartland Tri-State Fails, Will Reopen As Dream First (theDeepDive)

• Stellantis to Launch Hybrid Ethanol Cars in Brazil by 2024 (Bloomberg)

• Why Is Florida Insurance So Expensive? (theDeepDive)

• Musk's X sues nonprofit that fights hate-speech (Reuters)

• Food Chains Accused Of Fixing Meat Prices "To Increase Profits" (theDeepDive)

• Chaos Looms as $1.5 Trillion Student-Loan Pause Abruptly Ends (Bloomberg)

• Mali, Burkina Faso Will Join Niger Coup Plotters In “War” If ECOWAS, France Intervene (theDeepDive)

• Leprosy Cases Surge in Florida: CDC Warns of Possible Endemic Status (theDeepDive)

A US-China chip war

The stock market and stuff

• Is Google Deleting Two-Year Inactive Accounts? (theDeepDive)

• Teck Resources is Still Assessing Offers From Potential Buyers Amid Hostile Takeover Bid From Glencore (theDeepDive)

• US opens probe into 280,000 new Tesla vehicles over steering issue (Reuters)

In the juniors

• TerrAscend Reports Preliminary Q2 Revenues Of $72.1 Million (theDeepDive)

• Patriot Battery Metals Sees Albemarle Take 4.9% Stake For $109 Million (theDeepDive)

• West Red Lake Hits 50.52 g/t Gold Over 4.0 Metres At Rowan (theDeepDive)

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