Bitcoin Is Up 70% a Year After FTX Debacle, but ‘Alameda Gap’ in Liquidity Persists
The ‘Alameda gap’ refers to the worsening of order-book liquidity following the collapse of the FTX group a year ago.
News
‘Unanimous Verdict, Your Honor’: Sam Bankman-Fried’s Conviction Was Inevitable
Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm’s Matt Huang and Third Point’s Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn’t immediately receive the version of the indictment, they requested that too. And yet, they quickly decided that Bankman-Fried was guilty on all seven counts.
Solana’s Rally Marshalled by Buyers From Coinbase, Data Shows
SOL has gained over 50% in two weeks with buyers from Coinbase playing a major role in powering the cryptocurrency higher.
SEC Asks Court for Summary Judgement Against Do Kwon, Terraform
The request follows a move by Kwon’s defense team to do the same.
Sam Bankman-Fried Prosecutor Promises ‘Handcuffs for All’ Crypto Crooks
Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.
Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial
A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX’s operation and collapse.
Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K
Bitcoin [BTC] mining stocks soared Thursday amid stable bitcoin price near its 17-month highs and bullish equity markets.
Prisoners’ Dreams to Stash $54M in Crypto in Exotic Locales Dashed as Feds Grab Them for Treasury
Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement.
The Other FTX Case
Most of the charges facing SBF this week won’t ever be relevant to most crypto companies. But charges the government cannot pursue today could be, say Andrew C. Adams and Kane Smith, at Steptoe & Johnson LLP.
Coinbase Beats Q3 Earnings Estimates, But Trading Volume Fell
The crypto exchange’s third quarter transaction revenue rose/fell short from previous quarter.