WASHINGTON, D.C. — Heather “Razzlekhan” Morgan, who helped launder the proceeds of the 2016 Bitfinex hack led by husband Ilya “Dutch” Lichtenstein, has been sentenced to 18 months in prison in the incident that drained almost 120,000 bitcoin from the exchange. Source
After Cobb issued her decision, the CFTC requested that she stay her order while they appealed it. Cobb declined to do so. When the regulator then asked a U.S. federal appeals court to temporarily block the election-related events contracts, the appeals court also declined, issuing a unanimous decision denying the CFTC’s emergency motion to stay and arguing that the CFTC had provided “no concrete basis” to conclude that election contracts could harm the public interest. Source
Second, build useful applications. During the hearing, representatives asked about financial and non-financial use cases. It was a privilege to answer questions and discuss The Value Prop, an open database cataloging use cases for blockchain-based applications across all crypto networks, like Ethereum, Bitcoin and more. I’ll say the quiet part out loud: For many, speculation is fun. But if the industry only chases the pump, it will never demonstrate the transformative value of DeFi. Source
Prediction markets are usually structured as yes/no bets on a given outcome; each share pays out $1 (in cryptocurrency, in Polymarket’s case) if the bet proves correct, and zero if not. The price of a share, expressed in cents on the dollar, indicates the market’s assessment, when translated into percentage terms, of the prediction coming true. Source
The CoinDesk 20 gained 6.5% over the weekend with all but two assets trading higher. Source
The new digital identity platform, Y, forgoes World Network’s controversial biometric authentication for a system based on users’ online activities. Source
Semler Scientific raised $21.5 million through its at-the-market equity offering, purchased 215 BTC. Source
Solana’ SOL topped $240 for the first time in three years as bitcoin (BTC) took a breather above $90,000. SOL advanced 4.3% in the past 24 hours, outperforming the broad-market benchmark CoinDesk 20 Index’s 1.6% gain. Bitcoin, meanwhile, pulled back slightly to just above $90,000 before U.S. trading hours as investors digested the monster rally to records since Donald Trump’s election victory. Still, the largest crypto’s pause may be only temporary: BTC may potentially climb as high as $200,000, according to BCA Research analysis of fractal patterns. Source
MARA holdings announced a $700 million convertible senior note due 2030, plans to acquire more bitcoin. Source
Since establishing the Frequency blockchain, Project Liberty has recruited 1.3 million users. SOAR’s Family and Citizens will bring tens of millions more in the future, as people look for alternatives to existing all-powerful social media platforms, said Tomicah Tillemann, Project Liberty’s president. As well as bringing decentralization it’s a chance “to do AI right,” he said. Source