FTX founder Sam Bankman-Fried’s defense isn’t denying that he shared former Alameda Research CEO Caroline Ellison’s diary with the New York Times, and so he should be “detained pending trial,” the U.S. Department of Justice said again in a filing late Thursday. Source
The Securities and Exchange Commission (SEC) has issued a temporary restraining order against a Utah-based company, DEBT Box, accusing the firm and its principals of conning investors out of approximately $49 million through a crypto scheme. The Anderson brothers, Jason and Jacob, and 15 others allegedly orchestrated an extensive financial operation in March 2021 that raised significant funds from US investors in Bitcoin (BTC) and Ethereum (ETH). We obtained a temporary asset freeze, restraining order, and other emergency relief against DEBT Box and its four principals, Jason Anderson, his brother Jacob Anderson,…
The United States Securities and Exchange Commission (SEC) has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week. The latest ProShares ETF application was filed on Aug. 3 and proposes an equal weight Bitcoin (BTC) and Ether ETF. According to the filing, the fund will track “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.” UPDATE: Another one…. 11 ETFs Filed… Proshares filed for a…
CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week. When writing on August 3, CRV is trading at $0.59, rising double digits after dropping to $0.48 on August 1 following a damaging hack that saw liquidity providers in several pools lose funds. Whales Stepping In To Buy CRV This recovery is attributed primarily to strategic actions by notable crypto whales who have stepped in to…
If approved, the fund will measure “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.” Original
PLUS: A decrease in bitcoin supply active a year ago indicates that long-term holders have reduced their bitcoin exposure. Is hodling starting to wane? Original
Curve Finance (CRV) has issued a statement on Etherscan, addressing the hackers responsible for the recent exploit that resulted in the loss of over $60 million from the protocol. In the statement, Curve, Metronome & Alchemix have invited the hackers to discuss a potential bounty, offering a 10% reward for any stolen funds, which they can keep if they return the remaining 90%. Curve Finance Gives Hackers Ultimatum The group has emphasized that there will be no risk of them pursuing legal action or involving law enforcement if the hackers…
Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case. On its Aug. 3 second-quarter 2023 earnings call, Coinbase chief legal officer Paul Grewal expressed confidence the exchange would win the court case brought by the regulator. “With respect to the litigation with the SEC, I want to be very clear. We do think we can win. We expect to win.” The SEC sued the exchange on…
Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue. In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App platform, with gross profit from Bitcoin sales coming in at $44 million, a 7% increase from the same time last year. Block’s revenue for the quarter increased 25.6% from $4.4 billion to $5.53 billion year over year, meaning nearly half came from Bitcoin sales alone. Our…
Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). When Will An Ethereum ETF Be Approved? The topic of Ethereum futures ETFs has become hotter especially after Bitcoin futures ETFs received multiple approvals from the SEC since 2021. However, even two years after the first…