– The trial of former FTX CEO Sam Bankman-Fried began in New York, with allegations of fraud and misuse of customer funds.
– Alex Mashinsky, former CEO of Celsius, will face trial in September 2024 on charges of fraud and market manipulation.
– Binance’s market share continues to decline for the seventh consecutive month, with other exchanges benefiting from its slide.
– A report suggests that FTX and Alameda Research were using FTT tokens to prop up each other’s balance sheets.
– Valkyrie has backtracked on purchasing Ether futures contracts until receiving approval for its ETF.
– Bitcoin is at $27,880, Ether at $1,640, and XRP at $0.52. Trust Wallet Token, Avalanche, and Render are the top altcoin gainers, while ApeCoin, THORChain, and Curve DAO Token are the top losers.
– BitMEX founder Arthur Hayes predicts that the surge in bond yields will lead to mass liquidity injections and catalyze the next crypto bull market.
– A report shows a significant increase in crypto hacks and scams in Q3 compared to the previous year.
– Technical analysts warn of a potential BTC price crash to $20,000 based on chart patterns.
– The US Treasury has sanctioned crypto wallets connected to fentanyl-related criminal activities.
– Cointelegraph features articles on Bitcoin’s impact in Cuba and the use of blockchain in the music industry.
