First Mover Americas: Bitcoin Vapid; Toncoin Leads Weekly Gains
The latest price moves in crypto markets in context for Sept. 22, 2023.
Financial
Sam Bankman-Fried Sort of Had a Rough Day
Bankman-Fried suffered two procedural losses.
Dogecoin Beats Bitcoin in Price Stability Amid Crypto Trading Lull
DOGE’s new-found stability reflects lack of investor interest in trading alternative cryptocurrencies.
Crypto Exchange Bybit to Suspend UK Operations Next Month
New regulations on marketing that take effect Oct. 8 require firms to be registered with the FCA. Bybit is not on the FCA’s crypto register.
Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making it a Real Thing
A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.
FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
In the run-up to FTX’s bankruptcy filing, known as the Preference Period, the defendants received the benefit of withdrawals that constitute preferential transfers, the filing said.
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
The deal will see Bitmain receive $53.9 million worth of common CORZQ stock.
Ether Prices to Stabilize as Options Market Makers Hedge Their Books, Analyst Says
Ether options dealers have built a net positive or long gamma exposure and are likely to buy low and sell high, arresting the price volatility ahead of next Friday’s derivatives expiry.
Ethereum’s Shanghai Upgrade Has Failed to Boost Network Activity, JPMorgan Says
Daily transactions, daily active addresses and total value locked on Ethereum have all fallen since the upgrade, the report said.
Japanese Exchange GMO to Offer XRP Users Yen for Delayed Songbird Airdrop
The handouts are part of a token airdrop whose snapshot took place in 2020.