Crypto prime broker FalconX has reportedly acquired a majority stake in Monarq Asset Managementâs parent company, previously owned by bankrupt exchange FTX. According to a June 2 report from Bloomberg, the move seeks to expand the firmâs institutiona
In an interview with Korean crypto researcher Juhyuk Bak, also known as @JuhyukB, Capriole Investments CEO Charles Edwards laid out a striking divergence in the crypto asset markets: while Bitcoin could double this year, altcoins remain structurally
The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requiremen
A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation.According to May 21 reporting from the courtroom, in the US District Court for the Easte
Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who faces federal campaign finance charges, is pushing for dismissal on the grounds that US prosecutors deceived her husband in a plea deal.In a May 7 filing in the US District
Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughterâs wedding regardless of the outcome of his May 8 sentencing hearing.In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koe
Changpeng Zhao âCZâ, the former CEO of Binance believes that Bitcoin could reach between $500,000 and $1 million during the current market cycle.Speaking on the âFarokh Radioâ YouTube channel in an episode published Monday, CZ discussed the state of
Crypto users are weighing in as Alex Mashinsky, the former CEO of Celsius Network, prepares to stand before a judge on May 8 to face sentencing for commodities fraud and a fraudulent scheme to manipulate the price of the platformâs token.In a May 2 f
The Federal Reserve has reversed its 2022 Supervisory Letter, which had required banks to give advance notice before engaging in any cryptocurrency activities. This follows many regulatory bodies in the United States, which are taking a different sta
Sam âSBFâ Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institutionBankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously,
Arthur Hayes, the co-founder of BitMEX who now runs the family-office-style fund Maelstrom, believes the macro cocktail that ignited Bitcoinâs six-fold advance from late 2022 into early 2025 is being mixed again. Speaking on the âForward Guidanceâ po
Changpeng âCZâ Zhao, former CEO of Binance, has denied claims that he agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).In an April 11 report, The Wall Street Journal
FTX, 27 months following the exchange's dramatic collapse in early November 2022, is set to begin repaying claims worth more than $50,000 on May 30, moving the long and controversial bankruptcy process one step closer to its end. Bankruptcy attorney
Top Stories of The WeekMarket is underestimating how quickly Bitcoin will hit new ATH: AnalystBitcoin will break past its $109,000 all-time high sooner than expected despite recent volatile US macroeconomic conditions, according to a crypto analyst.Â
U.S. lawmakers peppered potential incoming Securities and Exchange Commission Chair Paul Atkins about his ties to bankrupt crypto exchange FTX while also criticizing the agency's former chair, Gary Gensler.Senate Banking Committee Chair Tim Scott, R-
The Delaware bankruptcy court handling the FTX estate approved a petition on Thursday from Three Arrows Capital (3AC) to significantly expand its claim against the estate from $120 million to $1.53 billion, marking a major development in the ongoing
Understanding liquidity crises A liquidity crisis occurs when an organization lacks sufficient liquid assets, such as cash or assets readily convertible to cash, to meet its short-term financial obligations.Major hacks in the cryptocurrency exchang
Deribit's options market for Solana's SOL token has become active, with whales engaging in bearish bets as the token's price continues to decline ahead of an impending multi-billion dollar unlock.Last week, SOL block trades totaling $32.39 million in
The FTX crypto exchange going down will forever be remembered as a dark day in crypto. But props to the company for finally starting to repay creditors. It went through with its first round of repayments on February 18, where it paid out the âConveni
A court document from a US District Court shows the extent of Sam âSBFâ Bankman-Friedâs accumulated property forfeited: roughly $1 billion in assets, including two private jets, many political donations, countless crypto balances, and a healthy stake