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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ahead of his Tuesday appeal hearing, Sam Bankman-Fried’s lawyers have claimed that the FTX co-founder was unfairly convicted and was not allowed to tell his full story during his 2023 trial. FTX Founder Claims Unfair Trial On Tuesday, the legal team of FTX’s co-founder and former CEO, Sam Bankman-Fried (SBF), is set to appeal his fraud conviction and 25-year sentence in a hearing at the 2nd US Circuit Court of Appeals in New York. According to a Bloomberg report, SBF’s lawyers have claimed in a previously filed…
The international Bitcoin ecosystem just got another major player. FUTURE (Future Holdings AG), a self-described “Bitcoin Treasury Company,” has raised CHF 28 million in a new funding round backed by some of Bitcoin’s best-known institutional investors. CHF 28 million is over $34 million. The Zurich-based firm says it wants to become Europe’s leading Bitcoin treasury platform — a kind of institutional bridge connecting Bitcoin with global capital markets. The round was anchored by Fulgur Ventures, Nakamoto, and TOBAM, three firms deeply tied to both traditional finance and Bitcoin investing. Led by a heavyweight team from the worlds of venture capital,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The bankruptcy estate of the now-defunct cryptocurrency exchange FTX has decided to withdraw its motion aimed at limiting creditor distributions to certain “potentially restricted foreign jurisdictions.” This decision follows substantial pushback from creditors and a wave of objections filed in bankruptcy court. FTX Trust Abandons Controversial Plan The FTX Recovery Trust, which filed a notice on Monday, had previously sought court approval to freeze payouts to creditors in 49 countries, including China, Saudi Arabia, Russia, and Ukraine, citing ambiguous or restrictive local regulations surrounding cryptocurrency. The trust’s…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Charles Hoskinson issued a rebuttal on November 3, rejecting circulating headlines that claimed he blamed Cardano’s users for the network’s decentralized finance shortfall. In a brief video, the Cardano founder said media outlets misrepresented his prior comments about participation patterns across the ecosystem, stressing that his point was a structural “mismatch” between who stakes and governs versus who takes part in DeFi—not blame. “I never once blamed anyone from the Cardano ecosystem for the DeFi [woes],” Hoskinson said, naming The Crypto Basic as an example of outlets…
In brief Former Rugby League star Trent Merrin was arrested and charged with dishonestly obtaining a financial advantage by deception. Police raided Merrin’s Barrack Point home, seizing electronic devices for forensic examination one year after beginning investigations. The arrest comes amid Australian regulators strengthening enforcement against digital currency crimes. Former Australian Rugby League star Trent Merrin has been arrested and charged over the alleged theft of $91,000 (AUD $140,000) in crypto, with police alleging the retired footballer used deceptive means to transfer funds from a victim’s account.The former Kangaroos and New South Wales Blues representative was taken into custody at…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US President Donald Trump warned this week that China is moving fast into the bitcoin and crypto area, and he urged the US to hold its lead in the market. He made the remarks in a televised interview, saying China “is getting into it very big right now,” and arguing that the US must act to keep its edge. US Vs China Crypto Stash According to figures cited in recent reports, the US is estimated to hold about 198,012 BTC, valued at roughly $21.32 billion, while China…
In brief Bitcoin fell 21% to $99,000, triggering over $2 billion in liquidations amid a broad market sell-off. Analysts cite dollar strength, tight liquidity, and the government shutdown as key drivers. Experts see potential support at $98,000, with a worst-case scenario target of $85,000. Global financial markets are facing a broad-based selloff this week as appetite for risk assets, including crypto and stocks, begins to wane.Bitcoin plunged below the historic $100,000 level on Tuesday, while the S&P 500 index and gold fell 3% and 10% from their respective peaks. On Wednesday, Bitcoin dropped to an intraday low of $99,110 before…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has broken below the $105,000 level, deepening market fears as selling pressure accelerates across the crypto landscape. The sharp move lower comes at a time when confidence is wavering, volatility is rising, and traders are bracing for possible further downside. Yet beneath the surface, a key on-chain indicator suggests that a critical liquidity shift may be approaching — one that has historically preceded major rebounds. According to data from CryptoQuant, the Stablecoin Supply Ratio (SSR) has now fallen back into the same low zone seen just…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Data shows the cryptocurrency derivatives market has been hit with nearly $1.4 billion in liquidations as Bitcoin and altcoins have crashed. Bitcoin Has Witnessed A Plunge Below $104,000 The first week of November has kicked off on a bearish note for the cryptocurrency sector as Bitcoin and other digital assets have plummeted. BTC is down to $103,800 for the first time since its brief dip in mid-October, sitting on a weekly loss of more than 9%. How the BTC price has changed over the last few days…
Zohran Mamdani has won the New York City mayoral election on Tuesday by a decisive margin, with crypto predictions markets again correctly guessing the outcome of a major political race.Mamdani took just over half the total votes, defeating former governor Andrew Cuomo, who finished with about 40%, according to unofficial results posted by the city’s Board of Elections.Data from Polymarket showed that about 92% of participants wagered on a Mamdani victory just before election day, including a $1 million position that implied near-consensus odds. Similar sentiment appeared on Myriad Markets, developed by Decrypt’s parent company Dastan.In June, Polymarket correctly predicted…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano has drawn attention once again following its current price decline that pushed it below $0.57, with network activity and investor confidence showing weakness. Reports have suggested that co-founder Charles Hoskinson blamed the Cardano community for the blockchain’s DeFi stagnation. However, Hoskinson has now publicly refuted those claims, calling them a misrepresentation of his comments. In a fiery response on the social media platform X, he criticized crypto media outlets for twisting his words, noting that he never blamed users for ADA’s DeFi struggles but instead highlighted…