To Frog or Not to Frog, That is The Question

READING TIME: 4 mins 43 secs

Diving deep into today's web3 currents:

>Crypto Community’s Intrigue up After Ripple CTO’s Cryptic Frog Post

>Sam Bankman-Fried May Testify to Role of Lawyers “Good Faith” Efforts, Filing Says

>Mastercard Partners With Crypto Payment Firm MoonPay for Web3 Services

>Polygon Labs Announced POL Token Upgrade Live on ETH Mainnet

A cryptic social media post from David Schwartz featuring frog motifs has generated enthusiasm and intrigue within the crypto community.

The Ripple CTO caused quite the stir in the cryptocurrency community with a mysterious frog-themed social media post. The post garnered enthusiastic reactions from both PEPE and XRP supporters. This added to the excitement surrounding Ripple’s announcement made earlier this week that it will enter a strategic partnership with Uphold, a Web3 financial platform.

The defense team’s Wednesday filings and the Department of Justice documents suggest potential defense arguments that Bankman-Fried might employ.

The defense in Bankman-Fried’s case aims to assert that he had no intention of defrauding customers or investors. However, attorney Mark Cohen plans to question Bankman-Fried about his “good faith intentions” in transferring FTX assets to the Securities Commission of the Bahamas immediately after the company’s bankruptcy filing.

MoonPay has revealed a collaboration with Mastercard, with a focus on exploring innovative methods for engaging with Mastercard’s users in the Web3 space.

Mastercard is continuing its exploration of the cryptocurrency realm by teaming up with the crypto payment platform MoonPay. Their collaboration was announced on 25 October with the aim of identifying potential Web3 tools to enhance experiential marketing and to form connections with Mastercard’s vast user base. The partnership was formally revealed by MoonPay’s Enterprise President, Keith Grossman, and Mastercard’s Chief Marketing and Communications Officer, Raja Rajamannar, at the Money20/20 event in Las Vegas,

On Wednesday, Polygon’s team announced the launch of their new token, POL, on the Ethereum mainnet.

According to Polygon Labs, POL is an advanced token designed to support a wide network of Zero-Knowledge-based Layer 2 chains. It achieves this through a built-in re-staking protocol, allowing POL holders to validate multiple chains and take on various roles within those chains. The firm also revealed the Ethereum contact address for the POL token in a follow-up X post.

Meme of the week

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