Rawan Alamin
3AC’s Su Zhu To Be Released; Faces Questions on Fund’s Collapse
Co-founder Su Zhu of bankrupt hedge fund Three Arrows Capital is reportedly expected to be released this month based on standard provisions for good behavior. As reported by Bloomberg, Zhu...
Binance and Zhao Counter SEC’s Notice and Legal Tactics
Binance and former CEO Changpeng Zhao filed a response to the U.S. Securities and Exchange Commission’s (SEC) recent notice of supplemental authority filed on December 8, describing it as an...
Sam Bankman-Fried Deviated From the Planned Defense Strategy: SBF’s Lawyer
In the legal defense of Sam Bankman-Fried, attorney David Mills asserted that the founder of FTX exhibited the most challenging cross-examination performance he had ever witnessed. Bloomberg reported that Bankman-Fried...
FTX Clashes with US Tax Authorities Over ‘Enormous’ $24B Tax Demand
The Internal Revenue Service (IRS) in the United States has put forth a tax bill of $24 billion against the bankrupt cryptocurrency exchange, FTX. FTX, in response, has contested the...
Charles Hoskinson Unintentionally Boosts an NFT; Ethereum Sees Decline in NFT Volume
The founder of Cardano, Charles Hoskinson, inadvertently sparked a surge in interest for the NFT project named Freya when he shared a now-deleted picture on X featuring himself and his...
5,000 SPVs Established in Abu Dhabi by Wealthy Individuals in 2023
Changpeng Zhao, Gautam Adani, hedge fund billionaire Ray Dalio, and Russian steel magnate Vladimir Lisin are among the high-net-worth individuals who have established special purpose vehicles (SPVs) in Abu Dhabi’s...
ProBit Global Announces Montage Token (MTGX) IEO Round 3 with Bonus Offers
ProBit Global, a leading crypto exchange, has announced the launch dates for the third roundof the Montage Token (MTGX) initial exchange offering (IEO). The exchange has stated thatpurchases will qualify...
Do Kwon Faces Extradition to the US Rather Than South Korea: WSJ
In the latest developments regarding the legal proceedings involving Mr. Do Kwon, Co-Founder and CEO of Terraform, there are indications that plans for his extradition may involve the United States...
A16Z Crypto Shares Anticipated Developments in the Crypto Industry in 2024
Prominent venture capital fund A16Z Crypto outlined several anticipated developments in the field of cryptocurrency for the year 2024. The first update is about the chain’s decentralization. Miles Jennings, the...
Binance’s Changpeng Zhao Plea Deal Approved by US Judge
A U.S. judge has granted approval to the negotiated plea deals between U.S. prosecutors, Binance Holdings, and its former chief, Changpeng Zhao. According to court documents, on Wednesday, December 6,...
Terraform Labs Founder Appeals Extradition Decision in Montenegro
Do Kwon, the founder of Terraform Labs, has filed an appeal against the extradition decision of the High Court of Podgorica, the capital of Montenegro, according to reports. According to...
Bitcoin Developer: Ordinals and BRC-20 Will No Longer Exist
Bitcoin Core developer Luke Dashjr alerted the Bitcoin community in a public service announcement about a vulnerability in Bitcoin Core related to inscriptions. He claimed that after fixing the vulnerability,...
Crypto Investor Foresees Trillions in Capital Inflows with Ethereum ETF Potential
Hayden Adams, the founder of Uniswap, has asserted that Ethereum’s value is derived from developers creating innovative and practical applications on its platform. Adams, in a recent statement, claimed that...
US Warns Crypto Firms: Crack Down on Illicit Finance or Exit US Market
The U.S. government claimed that they would ban cryptocurrency companies from the U.S. economy and market if they failed to report and block illicit money flows. Deputy Treasury Secretary Wally...
ENS Developer Nick Johnson Moves $1.71M Worth of ENS to Binance
A wallet associated with Nick Johnson, the lead developer of Ethereum Name Service (ENS), deposited 200,000 ENS to the Binance exchange on November 28, as reported by the on-chain analysis...
Cryptocurrencies to ‘Eventually Leave the Scene,’ Says MAS Director
“Cryptocurrencies have miserably failed the test of money because they can’t keep value,” said Ravi Menon, managing director of the Monetary Authority of Singapore. At a panel discussion on the...
Former Binance CEO Changpeng Zhao Faces Potential 10-Year Sentence
A recent filing in the legal case against the former CEO of Binance, Changpeng Zhao, revealed that Zhao could face a substantial prison sentence of up to 10 years. On...
Paytience Unveils All-Inclusive Trading Suite and Membership
Paytience is set to launch an all-inclusive trading indicator suite and membership on November 24. Developed with custom-built and proprietary algorithms, this suite aims to provide traders with analytical insights...
Ark Invest Cuts Bitcoin Trust Holdings Despite Bullish Predictions
Ark Next Generation Internet ETF, an actively managed fund from the team at Ark Investment Management, is reducing its holding of the Grayscale Bitcoin Trust, according to Bloomberg. It was...
XRP Poised for December Surge, CEO Kaj Leroy Claims
Kaj Leroy, CEO and founder of XPUNKS NFTs and onXRP, finds the current narrative around XRP “very interesting.” He shared a list of reasons why he believes “chances would be...
Austin Campbell Distinguishes Between ‘Historical and Current Binance’
Austin Campbell, founder and managing partner of Zero Knowledge Consulting, highlighted the difference between the “current Binance and the historical Binance.” Campbell claimed that Binance before 2021 had ineffective controls...
$97.5M in BLUR Tokens Claimed and $2.95M Deposited on Exchanges
Lookonchain, a market on-chain analytics platform, reported that millions of the claimed BLUR tokens from Blur’s ‘Season 2’ airdrop had been deposited in exchanges. The analytics platforms shared that 307.6...
Osaka Digital Exchange to Launch Japan’s First Digital Securities Trading
Japan’s Osaka Digital Exchange will commence Japan’s first digital securities trading next month in the form of security tokens issued by Tokyo-based real estate investment companies Ichigo and Kenedix. On...
Analyst Predicts Prolonged Upswings Amid Short-Term Corrections for Altcoins
The analyst compared Ethereum’s price action with Chainlink and Arbitrum. Van de Poppe recommended considering entry points during corrections of 30-50%. Michaël van de Poppe emphasized that altcoins are experiencing...
Austin Campbell Highlights a Claimed Discrepancy Between USDC and USDT Pegs
Austin Campbell, founder of Zero Knowledge Consulting, highlighted a claimed discrepancy in market sensitivity between the pegs of USD Coin (USDC) and Tether (USDT). Campbell mentioned one behavior when one...
