DOJ’s Proposed 50-Year Sentence for Sam Bankman-Fried ‘Disturbing,’ FTX Founder’s Lawyers Say
Bankman-Fried’s defense team attacked prosecutors’ lengthy prison term recommendation in a new letter Tuesday.
Financial
Financial
Financial
Ether ETFs Likely Won’t Get Approved in May, Bloomberg Analyst Predicts
James Seyffart says the U.S. Securities and Exchange Commission really hasn’t engaged with potential issuers, unlike the extensive talks in the run-up to bitcoin ETF approvals.
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BlackRock Creates Tokenized Asset Fund, SEC Filing Shows
The fund was seeded with $100 million in USDC stablecoin using the Ethereum network, blockchain veri shows.
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Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
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Polygon Labs Paid $4M to Host Starbucks’ Failed Foray Into Crypto: Sources
The blockchain developer gave the coffee giant a $4 million grant as part of their 2022 deal to build an NFT-powered loyalty program that is now being shuttered.
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Optimism Finally Starts Testing ‘Fault Proofs’ at Heart of Design – and of Criticism
A version of the new proof system, which will help secure withdrawals from Optimism and other networks based on its tech, will be deployed to Ethereum’s Sepolia test network on Tuesday.
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Sygnum Tokenizes $50M of Fidelity International Fund as Matter Labs Moves Reserves to Blockchain
The move was part of zkSync developer Matter Labs’ long-term goal to move its treasury reserves to a blockchain.
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Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
The settlement comes days after a New York judge denied motions by Genesis and crypto exchange Gemini to stop the SEC case.
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Coinbase’s Allies Join Crypto Firm’s Case Against SEC
Paradigm, the Crypto Council for Innovation and others weighed in to support Coinbase’s effort to push the U.S. securities regulator for crypto rules.
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Luxor Looks to Help Bitcoin Miners Hedge Halving Risk With New Hashrate Futures
The firm partnered with CFTC-approved exchange Bitnomial to offer cash-settled hashrate futures.