Solana’s Rally Marshalled by Buyers From Coinbase, Data Shows
SOL has gained over 50% in two weeks with buyers from Coinbase playing a major role in powering the cryptocurrency higher.
Financial
SEC Asks Court for Summary Judgement Against Do Kwon, Terraform
The request follows a move by Kwon’s defense team to do the same.
Sam Bankman-Fried Prosecutor Promises ‘Handcuffs for All’ Crypto Crooks
Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.
Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial: Reuters
The jury reached the verdict on the first anniversary, coincidentally, of the CoinDesk scoop that spurred the former crypto mogul’s downfall.
Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K
The bitcoin derivatives market shows signs of overheating, one observer noted.
U.S. Seizes Drug Ring’s $54M Crypto Stash as Prisoners Hatched Big Plans for Assets
While convicted traffickers sought the best off-shore destination for crypto riches, U.S. authorities say they listened in and pounced on the ill-gotten gains from darknet drug sales.
Coinbase Beats 3Q Earnings, Sales but Trading Revenue Fell
The crypto exchange’s third quarter transaction revenue fell 12% from previous quarter.
Solana Is Down 15% Since Hitting a 14-Month High. Is the Rally Over?
The token is up more than four-fold in 2023 after starting the year at around $10.
Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing
Recent reports that terrorism organizations such as Hamas pocketed as much as $130 million in crypto funding have been proved incorrect but were resurrected in Congress today.
Will Hashdex’s ‘Undeniable’ Distinctions Help Win Bitcoin ETF Race? Some Analysts Think So
Hashdex’s decision to use CME, a regulated exchange, per the SEC’s requirement of a surveillance-sharing agreement (SSA), might set it apart from the group.