Friend.Tech User Dumps Keys Worth $1.5M, Switches to Bitcoin dApp
Newer opportunities have stalled Friend.Tech’s initial growth wave, and applications such as New Bitcoin City are quickly emerging as one of the biggest bets.
Financial
Bitcoin Bears Lose $178M as Prices Break Past $34K
Traders on crypto exchanges Binance, Huobi and OKX were hit for $50 million each, suggesting a large amount of leverage used on those platforms.
Bitcoin in ‘Anti-Gravity’ Phase as ETF Approval Nears Finish Line
As bitcoin pushes 12% during Asia trading, there are parallels to the first Gold ETF and beyond, say, industry stakeholders and analysts.
Sam Bankman-Fried Proposes Financial Expert as Witness to Rebut DOJ Testimony
The defense intends to call Joseph Pimbley, a financial services expert and consultant, to testify about FTX’s and Alameda’s financials.
A Wild Few Minutes Drives Bitcoin Above $35,000 as ETF Excitement Starts to Thaw the Crypto Winter
BTC hasn’t seen these lofty levels since May 2022, when the cryptocurrency industry was just starting to get pummeled by scandals.
Large Crypto Trader’s $7M LINK Deposits to Binance Signals Profit-Taking as Token Hits 17-Month High
LINK surged 9% to $11 Monday, posting one of the best monthly returns among large-cap cryptocurrencies with a 43% gain.
FTX Creditors’ Lawyers Promote Deal Giving Investors 90% of What’s Left in SBF’s Empire
Lawyers for non-U.S. creditors of FTX are arguing that they’ve got a great deal in the exchange’s bankruptcy, giving those who had funds in FTX.com 90% of the liquidation.
Grayscale Court Victory Over SEC in Spot Bitcoin ETF Case Made Final
Grayscale’s application to convert its GBTC to a spot ETF will now be re-considered by the SEC.
Crypto Traders Suffer Over $100M of Short Liquidations as Bitcoin Hits 3-Month High Over $31K
BTC surged past $31,000 and other cryptocurrency prices soared sharply Monday, too, taking many leveraged traders by surprise.
All Spot-Bitcoin ETF Applications May be Approved Together, Crypto ETF Expert Predicts
Barton’s application expertise comes from a recent history of pulling off two regulatory firsts of sorts.