๐Ÿ” Market Summary

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Sam Bankman-Fried Moved to Oklahoma Prison Transit Facility โ€” WSJ

Sam Bankman-Fried Moved to Oklahoma Prison Transit Facility โ€” WSJ

By Alexander OsipovichDisgraced cryptocurrency tycoon Sam Bankman-Fried has been removed from the federal jail in New York City where he has been held since August 2023, after officials started the process of transferring him to a prison where he will continue serving his fraud sentence.The Federal โ€ฆ

Trump-Backed World Liberty Unveils Stablecoin โ€” WSJ

Trump-Backed World Liberty Unveils Stablecoin โ€” WSJ

By Vicky Ge HuangWorld Liberty Financial, a crypto project backed by President Donald Trump and his family, said it will launch a new stablecoin.Named USD1, the token will be backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents, the company said Tuesday. โ€ฆ

Ripple CEO Says SEC Will Drop Its Appeal on Crypto Firm; XRP Token Jumps โ€” WSJ

Ripple CEO Says SEC Will Drop Its Appeal on Crypto Firm; XRP Token Jumps โ€” WSJ

By Vicky Ge HuangThe price of the Ripple-linked XRP token jumped more than 10% Wednesday morning after Ripple Chief Executive Brad Garlinghouse said the Securities and Exchange Commission will withdraw its appeal of a previous ruling.In October, the SEC appealed a court decision that Ripple's sales โ€ฆ