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Hodler's Digest: Sam Bankman-Fried Convicted, SEC Subpoenas PayPal, and More News from Oct. 19 - Nov. 4

Hodler’s Digest: Sam Bankman-Fried Convicted, SEC Subpoenas PayPal, and More News from Oct. 19 – Nov. 4

– Former FTX CEO Sam Bankman-Fried has been found guilty of all charges in his criminal trial and will face sentencing in March 2024.

– PayPal has received a subpoena from the SEC regarding its stablecoin and is cooperating with the investigation.

– The ticker for Invesco and Galaxy’s spot Bitcoin ETF has appeared on the DTCC website, indicating progress in the application process.

– Switzerland’s St.Galler Kantonalbank has partnered with SEBA Bank to offer Bitcoin and Ether trading to its customers.

– Jack Dorsey’s Block reported $5.62 billion in revenue and $44 million in Bitcoin profits in Q3.

– Bitcoin is at $34,634, Ether at $1,829, and XRP at $0.61. The top altcoin gainers are THORChain, Arweave, and Oasis Network, while the top losers are Quant, Pepe, and Mina.

– Memorable quotations include statements from Sam Bankman-Fried, Michael Saylor, and Stanley Druckenmiller.

– Bitcoin price predictions for 2024 suggest another 30% increase.

– SafeMoon executives have been charged with fraud and unregistered securities sales by the SEC.

– Bitget and Floki teams accuse each other of market manipulation after a token listing.

– Oyster Protocol founder Amir Elmaani has been sentenced to four years in prison for tax evasion.

– Controversial glitch artist Patrick Amadon stirs up controversy in the crypto community.

– The incredible rags-to-riches story of Polygon’s Sandeep Nailwal is highlighted.

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