Former FTX Executive Caroline Ellison’s Sentencing Hearing Set for Sept. 24
Ellison ran Alameda Research, the FTX-affiliated hedge fund, and testified that she committed fraud at founder Sam Bankman-Fried’s direction last year.
Financial
Financial
Financial
Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst
The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said.
Financial
Bitcoin ETFs Are Fine Despite Suffering Their Worst String of Outflows, Says Expert
Investors during late August and early September pulled roughly $1.2 billion out of the funds over eight consecutive days, the longest streak of exits so far.
Financial
Ethena’s Yield Machine Sees $1B Outflows as Crypto Market Cools – But There’s Good News
The protocol faced a challenging environment as yields from arbitraging bitcoin and ether funding rates tumbled to near-zero. Even so, its USDe token held steady to its $1 peg.
Financial
PayPal, Venmo to Accept ENS’s Human-Readable Blockchain Names
The news could signal a renewed interest from traditional payment platforms in cryptocurrencies and blockchain technologies.
Financial
Solo Bitcoin Miner Wins Big After Securing an Entire Block Reward
The emergence of new mining rigs may have created an opportune environment for solo miners, according to CryptoQuant.
Financial
Second U.S. Firm tZero Said to Become Crypto Broker Dealer Under SEC Oversight
The company expects to launch wider crypto securities services next year, it said, joining controversial firm Prometheum as a potentially U.S.-compliant digital assets securities firm.
Financial
Core Scientific Is Uniquely Placed to Deliver AI Data Center Scale in the Near Term: Bernstein
The bitcoin miner benefits from readily available sites and power, less competition and the ability to hire strong veri center talent, the report said.
Financial
Polygon to Buy $5M of Servers With Computer Chips Devoted to Zero-Knowledge Cryptography
The purchase is part of a deal with hardware maker Fabric, which is also producing custom zero-knowledge chips for Polygon’s AggLayer.
Financial
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed British pounds 2.6 million ($3.4 million) in crypto transactions across various locations.