Federal prosecutors told a judge that a letter purportedly sent by Sam Bankman-Fried from prison was actually sent via FedEx from a completely different location, suggesting someone on the outside was impersonating him. The case adds an unusual wrinkle to Bankman-Fried’s post-conviction battle. The FTX founder, who was sentenced to 25 years for fraud and […]
Prosecutors flag SBF letter sent from Bay Area, not prison Read More »
Everything sells. Bitcoin sells the least. Gold fell for a ninth straight day on Monday to around $4,360, the longest losing streak in years. Asian stocks fell for a third session and are set to enter correction territory. Bond yields rose as the protracted war threatened to fuel inflation and push central banks toward rate
Bitcoin trades at $68,300 as gold crashes for ninth day Read More »
Leveraged traders on decentralized exchange Hyperliquid favor traditional commodities like oil and silver and trade them more aggressively than crypto tokens like XRP (XRP) and solana (SOL). Perpetual futures contracts linked to benchmark crude oil, WTI and Brent, have recorded a combined trading volume of more than $500 million in the past 24 hours. The
XRP, solana (SOL) lags oil and silver in trading volumes on Hyperliquid Read More »
A stablecoin is supposed to be worth one dollar. Resolv’s USR is worth 27 cents and the math to fix it doesn’t work. An attacker exploited a flaw in Resolv’s USR stablecoin minting contract around 2:21 UTC Sunday, creating approximately 80 million unbacked tokens across two transactions and extracting about $25 million, according to multiple
Resolv stablecoin plunges 70% as attacker grabs $25M in ETH Read More »
Bitcoin Price Today: Drops to $68,000 as Iran Fears Triggering Broad Risk-Off Movement
Bitcoin Price Today: Drops to $68,000 as Iran Fears Triggering Broad Risk-Off Movement Read More »
Bitcoin BTC$68,691.61 started the year on a painful note, although the stock markets remained good. But stock traders’ luck is now running out as rising bond yields pressure valuations. Prices for bitcoin fell to nearly $60,000 from around $90,000 in the first five weeks of the year, according to CoinDesk data. The drop marked a
Shares catch up to BTC’s earlier crash to $60,000 as bond yields rise Read More »
XRP fell below the $1.40 level after a sharp wave of selling and is still struggling to recover, with buyers unable to push prices significantly higher. The weak bounce suggests selling pressure remains stronger than demand, keeping the token under pressure as traders look for signs of stabilization near current levels. News background XRP moved
What next as the Ripple-linked token breaks below $1.40 signals downside risk Read More »
Barbara Fried and Joseph Bankman, the parents of FTX founder Sam Bankman-Fried, who was convicted after the stock exchange’s collapse, used their first television interview to challenge the core premise of his conviction, arguing that no client money was ultimately lost. “The money was always there,” Bankman said during a weekend interview with CNN’s Michael
As platforms like Polymarket gain mainstream visibility during US election cycles and major geopolitical events, their prices are increasingly cited as real-time signals of truth. The pitch is seductive: let people put money behind faith and the market will converge on reality faster than polls or pundits. But that promise collapses when a contract creates
If a trader can force the outcome of a prediction market, it should not be tradable Read More »
The US Securities and Exchange Commission and the Commodity Futures Trading Commission released interpretive guidance explaining how they can define what is or is not a security in crypto; The CFTC also issued a “no-action” letter to a non-deposit pool provider to facilitate transactions in derivatives and predictive markets; Arizona files criminal charges against prediction
SEC explains how it views a crypto security: Crypto condition Read More »
