What to Expect When Caroline Ellison Takes Stand in Sam Bankman-Fried’s Trial
Sam Bankman-Fried (left) and Caroline Ellison (CoinDesk archives, @carolinecapital, modified by CoinDesk)
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Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may also be tied to the exchange. The DOJ also announced over the weekend that prosecutors intend to call former FTX customers from around the world and investors as witnesses during the trial.
EmSam, Jury Questions and Another Denial for Bankman-Fried
In a rare display of candor – or as part of a calculated exercise in reputation management – Sam Bankman-Fried delved deep into his mental health struggles in a trove of unposted tweets obtained by CoinDesk’s Christine Lee and published for the first time on Friday. “I don’t really know what ‘happiness’ means,” he said in one of the tweets, which he wrote just weeks after his crypto empire blew up last year, as he was facing down a tidal wave of public scorn.
U.S. Shutdown, Assuming It Doesn’t Run Long, Will Slow, Not Cripple Crypto Efforts
The crypto industry’s business in Washington is coming to a head just as a looming congressional budget impasse could shut down an array of federal services next week. But the digital assets sector can expect its most important matters won’t go entirely dark, experts suggest, even if they’re dragged out longer than crypto firms had hoped.
Sam Bankman-Fried Sort of Had a Rough Day
Yesterday was arguably not a great day for Sam Bankman-Fried. First, the judge overseeing his case rejected all seven of his proposed expert witnesses*, questioning at least one’s qualifications and saying some others really wouldn’t be relevant to the case.
Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%
Falling revenues have led some market commenters to say the platform has “gone dead.” But has it?
A Crypto President? Top U.S. 2024 Contenders Aren’t Fans, and Rivals Are Way Behind
Crypto was on fire as a topic in the early U.S. presidential campaigning, but the first Republican debate last week showed it may not be an issue that has legs with candidates trying to grasp mainstream attention. While we wait to see whether digital assets come up at the Republican primary debate next month, here’s how the major candidates from both parties shake out on the topic:
No, Elon Musk’s SpaceX Isn’t the Cause of This Multi-Billion-Dollar Bitcoin Bloodbath
Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets.
Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.
As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress during the Leaders’ Summit in September.