TLDR Crypto

TLDR CRYPTO 2023-04-28

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01MARKETS & BUSINESS

coindesk.com1 min read

02INNOVATION & LAUNCHES

03GUIDES & TUTORIALS

04MISCELLANEOUS

FBI SEARCHES HOME OF TOP FTX EXECUTIVE

The FBI searched the home of Ryan Salame, a former FTX executive and major Republican campaign donor. Salame has recently come under scrutiny due to the $24 million in campaign contributions he made during last year’s primaries. These contributions were part of an aggregate $90 million worth of donations made to political campaigns by former FTX employees. The crux of the scrutiny is that authorities and court filings are claiming most of these funds were misappropriated from FTX exchange users. The search indicates the ongoing investigation into FTX's collapse, as federal prosecutors prepare for the trial of Sam Bankman-Fried, the cryptocurrency exchange's founder, who faces charges of fraud and illegal campaign finance schemes.

archive.ph4 min read

SUI PERFORMANCE UPDATE

As it gears up for mainnet launch on May 3, Sui has achieved a peak throughput between 10,871 to 297,000 transactions per second with 100 globally distributed validators as it has been running tests on the network. The time to finality is around 480 milliseconds. Sui uses Programmable Transaction Blocks (PTB), allowing complex, composable sequences of transactions with atomic execution. PTB supports up to 1024 transactions, enabling unbounded expressivity and efficiency. Sui plans to refine scalability and benchmark tooling, horizontal scalability for intra-validator scaling, and resilience to individual validator under-performance in the future.

blog.sui.io5 min read