2 Small Wins For Sam Bankman-Fried
Bankman-Fried had a few small wins in court, but his big challenge – securing a temporary release – may be decided later today.
Financial
Trader Says Bitcoin and Crypto Markets Need ‘Chaos’ for Price Growth
The crypto sector could need banking problems or uncertainty about the solvency of governments to generate sustainable growth momentum.
CZ Denies He Owns CommEX, Binance Russia’s New Owner
Binance’s CEO sought to quell speculation about the mysterious, day-old, crypto company found as part of a hasty Russian exit
Maker Token’s Exchange Balance Spikes After 45% Price Surge
The exchange balance has jumped 5% in the past 24 hours, hitting the highest in nearly a month.
SEC’s Gensler Throws More Crypto Punches in Congressional Hearing
Gary Gensler, while avoiding answers on bitcoin ETFs, argues in testimony that crypto firms dangerously mix assets in a way outlawed in other corners of the financial system.
U.S. Department of Justice Opposes Sam Bankman-Fried’s Latest Move for ‘Temporary Release’
The FTX founder’s defense team asked for Bankman-Fried to be released into his attorneys’ custody during the trial.
SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs
SEC recently extended deadlines for ARK, GlobalX spot bitcoin ETFs due to a looming government shutdown.
Crypto Exchange Kraken to Explore Stock Trading: Bloomberg
The service could launch as soon as 2024, Bloomberg reported, citing a person familiar with the matter.
Jade Protocol Faces Calls to Liquidate $31M Token Treasury
A longtime member says the DAO “poses a major investment risk to all token holders,” and should shut down.
Sam Bankman-Fried Can Use an ‘Air-Gapped’ Laptop in Court, Judge Rules
Judge Lewis Kaplan will also allow Bankman-Fried to appear in a suit for the trial.