Key Takeaways The US Court of Appeals for the Second Circuit denied Sam Bankman-Fried’s request for release, citing his prior witness tampering. Bankman-Fried’s defense, invoking the First Amendment, was insufficient to sway the court. Bankman-Fried, convicted on multiple charges, will remain in custody until next year’s sentencing.
Key Takeaways BlackRock and Nasdaq met with the SEC to discuss the listing of a spot Bitcoin ETF, with BlackRock proposing two redemption models. The SEC’s decision to approve a spot BTC ETF is highly anticipated and could significantly impact mainstream crypto adoption. The SEC has a history of long consideration periods linked to …
Key Takeaways Nansen reported no major fund movement from Binance following a $4.3 billion DOJ settlement. Binance experienced a significant Ethereum outflow but maintained overall strong financial holdings. Amidst regulatory and leadership changes, Binance continues to face legal challenges, including the SEC lawsuit.
Tether and Bitfinex place a high value on transparency, a core principle within the cryptocurrency industry. Our commitment to transparency is evident through our past actions, such as Tether dropping opposition to a New York Freedom of Information Law (FOIL) request brought by Coindesk earlier this year. However, it’s essential to clarify that transparency …
Key Takeaways Tether and Bitfinex have withdrawn their opposition to a New York FOIL request by major news outlets. The companies affirm a commitment to transparency but caution against full document disclosure. The background of the FOIL request is linked to Tether and Bitfinex’s 2021 legal settlement with the New York attorney general involving …
Key Takeaways Montenegro court approves Do Kwon’s extradition to South Korea or the US. The decision follows Kwon’s sentencing for using a forged passport. Kwon faces severe legal allegations in both South Korea and the US linked to the Terra ecosystem collapse.
This week in Bitfinex Alpha, we analyse a number of different metrics that demonstrate to us that we continue to see huge conviction among Bitcoin holders to maintain their positions, even as the price continues to reach new highs for the year. An unprecedented 13.65 million Bitcoin, approximately 70 percent of the total circulating …
Welcome to The Market’s Compass US Index and Sector ETF Study, Week #466. As always it highlights the technical changes of the 30 US Index and Sector ETFs that I track on a weekly basis and normally publish every third week. Paid subscribers will receive this week’s unabridged Market’s Compass US Index and Sector …
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