Bitcoin Price Volatility Likely to Stay Depressed After Fed Rate Decision
The Fed will announce its rate decision on Wednesday at 14:00 ET. The way bitcoin options are priced suggests the cryptocurrency may not move more than 3% by Friday.
Financial
Stanford University Will Return ‘Gifts’ Donated by FTX: Report
FTX sued Joshua Bankman and Barbara Fried for misappropriating millions, including $5.5 million in donations to Stanford University.
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.
Ether Drops to 14-Month Low Against Bitcoin as Vitalik Buterin, Ethereum Whales Send $60M ETH to Exchanges
The recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.
Bitcoin Hangs on Just Above $27K Ahead of Fed Rate Decision
The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell’s press conference for clues about the direction of future policy.
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
David Hirsch, who runs the agency’s office that handles crypto enforcement, says that apart from Coinbase and Binance, there are other exchanges and DeFi straying from the law.
Crypto Wants a De Minimis Tax Exemption in the U.S.
The industry weighed in on a Senate committee request for comment, hitting common themes.
Binance’s Bitcoin Trading Volume Plunges 57% as Regulatory Pressure Mounts
Coinbase may be a beneficiary, with volumes at that exchange higher by 9% this month.
Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved
The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.
Appeal Court Punts on Bankman-Fried’s Bid to Secure Release from Jail
The one-time crypto exchange executive has made several arguments to get out of jail before his trial.