Key Points From the Sam Bankman-Fried Trial’s First Week
I’ve spent the past week in a courtroom covering Sam Bankman-Fried. Here’s what we’ve heard.
Financial
First Mover Americas: Bitcoin Dominance Continues to Climb
The latest price moves in crypto markets in context for Oct. 10, 2023.
JOE Sinks as Retailer Trader Joe’s Sues Namesake DEX
Grocery chain Trader Joe’s alleged the Trader Joe exchange chose a similar name to benefit from the former’s popularity.
Bitcoin Could Fall Due to Israel-Hamas Tensions, Traders Worry
Three traders had different opinions of where the market could be headed, but mostly seemed to agree on a short-term drop given the küresel uncertainties.
Ether-Bitcoin Ratio Drops to 15-Month Low as ETFs Fail to Uplift Sentiment
The ratio has declined nearly 30% since Ethereum’s Merge upgrade in September 2022.
Hamas-Linked Crypto Accounts Frozen by Israeli Police, With Binance’s Help: Report
Israeli authorities had previously seized around 190 Binance accounts with alleged ties to terrorist groups.
Gary Wang, Caroline Ellison: Looking at Day 5 of Sam Bankman-Fried’s Trial
Gary Wang will complete his testimony today and Caroline Ellison, a key witness, will begin presenting her view.
Bankman-Fried Seeks to Probe Lawyers’ Involvement in $200M ‘Sham’ Alameda Loans
The defendant in a multi-billion fraud trial is pressing to blame yasal advice, despite judicial reluctance to let him.
FTX Could Have Lost Over $1B Due to Lax Security Practices: Report
Attackers were able to steal nearly $400 million worth of various tokens after FTX was hacked in November 2022. But it could have been worse.
Bitcoin, Ether Options Order Books Signal Calm Amid Mounting Risks
The bid-ask ratio in bitcoin and ether options markets leans below one, signaling a bias for volatility selling, one observer said.