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SBF’s cohorts at FTX get last SEC hit, Ellison barred from corporate roles for decade

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Three of the top former executives at FTX and its affiliates have accepted final penalties from the US Securities and Exchange Commission as the agency resolves its enforcement actions related to the stock exchange’s collapse, the SEC said in a filing Friday. As former CEO Sam Bankman-Fried continues his federal prison sentence for his fraud […]

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Bitcoin Could Hit $143,000 in a Year, Citi Says, Citing ETF and Regulatory Windfall

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Amid the recent bearish price action, the headline is Citigroup’s 12-month outlook for bitcoin BTC$87,996.38 at $143,000 — or about 62% up from the current $88,000 — will raise some eyebrows. “We foresee increased adoption of digital assets, spurred by potential US digital asset legislation in the second quarter, with bitcoin likely to enter the

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Circle (CRCL), Bullish (BLSH) and Coinbase (COIN) Citi’s top picks in crypto

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Wall Street bank Citigroup updated its digital asset equity coverage to reflect recent general declines in crypto, but remains bullish on the sector. “Despite recent token volatility, we remain bullish on digital asset stocks,” analysts led by Peter Christiansen wrote in a Friday report. USDC stablecoin issuer Circle Financial ( CRCL ) remains Citi’s top

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DraftKings enters prediction markets with a CFTC-approved app for real-world events

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DraftKings has unveiled a new standalone app for real-money prediction markets, becoming the latest major player to enter a field that includes crypto-native platforms like Polymarket and Robinhood’s event contracts. The product, called DraftKings Predictions, lets users trade on the outcomes of real-world events, starting with sports and finance, the company announced Friday. It is

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Oracle (ORCL) TikTok deal lifts AI mining stocks as BTC marks $88,000

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Oracle ( ORCL ) shares rose more than 6% in premarket trading to around $190 after Bloomberg reported that TikTok signed binding agreements to form a new U.S. joint venture led by Oracle that will help ease investor concerns about AI-driven valuation risks. The upbeat reaction spread across risk assets. Bitcoin BTC$87,892.69 jumped above $88,000,

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: Crypto Diary Americas

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By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$88,067.04 rose above $88,000 even after the Bank of Japan raised interest rates to the highest in nearly 30 years, a move that would have been expected to strengthen the yen and make the carry trade less attractive. Instead, the currency weakened on concerns that

: Crypto Diary Americas Read More »

Terraform’s Bankruptcy Boss Sues Jump Trading For $4B Over Terra Crash

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The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion collapse, according to the Wall Street Journal. Todd Snyder, tasked with winding down what’s left of the crypto empire, is seeking $4 billion in damages from the

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