Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous inquiries about his whereabouts throughout the ongoing turmoil. In his message, Trabucco referred to Salame as his “best friend” […] Source CryptoX Portal
The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution. The Senate voted 60-38 on the effort to overturn the policy, commonly referred to as SAB 121, though the crypto industry may not breathe a sigh of relief over the initiative’s banking constraints, because Biden said that letting the rule be removed this way would disrupt “work to protect investors…
First there was “The Bait.” Then there was “Unblinding the block,” followed by “The Search,” and ultimately “The Propagation.” U.S. prosecutors detailed an incredibly complicated Ethereum exploit in an indictment. Source
The notice appears to hint at a possible coming enforcement action against the platform, reminding investors that the AMF “reserves the right, under the terms of the Monetary and Financial Code, to take legal action to block the website of this platform” and that retail investors should “take all necessary measures to avoid being unable to access their assets.” Source
The Shiba Inu (SHIB) price has exhibited a notable increase, rising by 6.5% in the last 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the daily SHIB/USD chart reveals a descending trend line where price has been rejected on every single daily close for the past two months. However, today’s price movements have led to a shift. The descending trend line that previously governed Shiba Inu’s downward trajectory has recently been breached, suggesting a potential reversal or at least a…
Financial advisors seeking to navigate the crypto custody landscape must understand the full spectrum of crypto custody options, balancing innovation with risk management to optimize client portfolios. Source
The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing. Source
According to 13F filings with the U.S. Securities and Exchange Commission (SEC), Millennium Management, a highly successful hedge fund, holds nearly $2 billion in spot bitcoin exchange-traded fund (ETF) shares. This week, it was further revealed that Morgan Stanley, a giant multinational investment and financial services firm, also has exposure to spot bitcoin ETFs. Top […] Original
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering. Source
As of March 31, 937 institutions had invested over $11 billion in U.S. spot Bitcoin ETFs. Senior Analyst at K33 Research Vetle Lunde says that $11.05 billion equals 18.7% of the total funds managed by BTC-based products. For comparison, only 95 firms invested in gold ETFs over the same period. According to 13F reporting, 937 professional firms were invested in U.S. spot ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter (Bitwise). Retail owns a majority of the float. Professional investors…