(One Part of) SBF’s Defense Strategy Starts Paying Off
The defense team landed some hits during its cross-examination of a key witness against Sam Bankman-Fried.
Financial
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Some analysts said the amendments show the U.S. Securities and Exchange Commission is holding active discussions with related parties.
Ether Could Continue to Underperform Bitcoin as U.S. Bond Market ‘Dis-Inversion’ Resumes
The spread between yields on 10-year and three-month Treasury notes has resumed the recovery toward zero. Ether has a strong inverse correlation with the yield spread than bitcoin.
Coinbase Trading Volume Slows Further as Crypto Winter Continues: Berenberg
Political headwinds could blunt the impact of the crypto exchange’s ramped-up lobbying efforts, the report said.
Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.
SBF Dined With Eric Adams at NYC Mayor’s Go-To Italian Restaurant
The erstwhile crypto titan and avowed vegan Sam Bankman-Fried was also scheduled to meet New York Gov. Kathy Hochul at The Capital Grille steakhouse, according to FBI trial testimony.
Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project
An email mentioning NFTs from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.
GBTC Discount Continues to Narrow as Investors Await ETF Conversion Decision
The fund’s shares have traded at a discount to NAV since December 2021.
Reddit-Based Tokens Plunge on Report of Wind Down of Community Points
MOON, BRICK and DONUT tokens prices are each lower by 60%-90%.