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A U.S. court has established a deadline for the government to respond to Sam Bankman-Fried's motion for a new trial. The former FTX CEO is seeking to overturn his conviction on fraud and conspiracy charges. The court has set the response date for December 1, 2023, with
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REX has launched an income exchange-traded fund (ETF) that is linked to Coinbase and focuses on technology stocks. The ETF aims to provide investors with exposure to the cryptocurrency market while generating income through dividends. By incorporating Coinbase, the fund seeks to capitalize on the growth of digital assets and
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A recent surge in high-yield bonds indicates increasing risk appetite among investors, which may positively impact sectors like Bitcoin (BTC) mining and AI infrastructure. The demand for these high-yield bonds suggests that investors are seeking higher returns despite potential risks. This trend could lead to increased funding and investment in
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Circle, the issuer of USDC, reported a significant increase in earnings, showcasing a strong performance in the crypto sector. The company highlighted a 50% rise in revenue year-over-year, driven by increased demand for its stablecoin and expanded services. This financial boost comes amid a broader positive trend in the cryptocurrency
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The CoinDesk 20 index has declined by 1.4%, with all of its constituent cryptocurrencies trading lower. This downturn reflects a broader trend in the crypto market, where major assets have experienced price drops. The decline comes amid ongoing market volatility and regulatory scrutiny. Investors are closely monitoring these developments
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MetaMask has launched its Crypto Debit Mastercard across the United States, allowing users to spend their cryptocurrency directly from their MetaMask wallets. The card can be used at millions of locations that accept Mastercard, enabling seamless transactions in both crypto and fiat currencies. Users can convert their digital assets into
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Crypto investigator ZachXBT has accused an employee of the trading platform Axiom of engaging in insider trading. The allegations suggest that the employee used non-public information to make profitable trades before the official announcement of a significant partnership. This incident raises concerns about the integrity of trading practices within the
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Goliath Ventures CEO has been arrested in connection with a $328 million cryptocurrency Ponzi scheme. Authorities allege that the scheme defrauded thousands of investors by promising high returns on crypto investments that were never realized. The CEO reportedly used funds from new investors to pay returns to earlier investors, a
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A former executive from Solana is launching a new venture aimed at accelerating global cryptocurrency trades by implementing strategies inspired by Wall Street practices. The initiative focuses on enhancing the speed and efficiency of transactions in the crypto market, addressing current delays and inefficiencies. This move comes as the demand
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American Bitcoin, a cryptocurrency mining company backed by the Trump family, reported a significant quarterly loss of $59 million. The company's financial struggles come amid a challenging market environment for crypto mining, characterized by rising energy costs and increased competition. Despite the losses, American Bitcoin remains focused on
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Analysts have dismissed claims that Jane Street, a major trading firm, was responsible for a significant Bitcoin price drop at 10 am, asserting that the cryptocurrency market is not easily manipulated. They argue that the volatility in Bitcoin prices is influenced by a variety of factors, including market sentiment and
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Bitcoin's price experienced a slight decline, dropping below $27,000 amid market volatility. Ethereum also saw a decrease, with its value falling to around $1,600. In regulatory news, the SEC announced new guidelines for cryptocurrency exchanges, aiming to enhance investor protection. Additionally, several major altcoins faced losses,