U.S. prosecutors have asked a court for permission to seize cryptocurrency that FTX co-founder Sam Bankman-Fried allegedly bribed Chinese officials with.In a Nov. 12 lawsuit filed in U.S. District Court in New York, prosecutors allege that the Binance account (worth about $8.6 million as of Dec. 12, 2023, but that jumped to about $18.5 million due to the market-wide rally): It was claimed that it was used for this purpose. Laundered funds used for bribes before FTX collapsed in late 2022.In 2021, Chinese law enforcement froze two of Alameda Research’s accounts on Chinese cryptocurrency exchanges that held $1 billion in…
Author: Crypto Flexs
Read More
The spot Ethereum (ETH) exchange-traded fund (ETF) recorded inflows of $295.5 million on November 11, its highest daily net flow since launch and down $29 million from positive net flows. Yes.According to Farside Investors dataFidelity’s FETH led inflows with $115.5 million, while BlackRock’s ETHA recorded the second-highest inflows with $101.1 million.Grayscale’s Ethereum Mini Trust recorded the third highest inflows, capturing $63.3 million during the trading day.sunny day aheadBloomberg Senior ETF Analyst Eric Balchunas highlighted Grayscale’s Ethereum Trust (ETHE) has not registered an outflow in the past six days, which was taken as a sign that ETHE’s unlocking was over.He added:“There…
Yorg Healer November 13, 2024 04:15 Bitfarms reschedules its third quarter 2024 financial results conference call for November 13, 2024. This conference call will take place at 8:00 AM ET and materials will be available in advance. Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announced a reschedule of its third quarter 2024 financial results conference call. According to GlobeNewswire, the call is scheduled to take place on November 13, 2024, coinciding with the release of financial results before the market opens. Conference details Management will host a conference call…
SUI token has recently experienced a price decline. SUI’s performance last week was broadly positive. The Sui network has been on a positive trajectory in recent months. Cryptocurrency markets have seen impressive gains over the past week, with notable gains across a variety of assets. Among the top performers was the native token of layer 1 blockchain Sui, which capitalized on the positive momentum to shake off a year-long slump and reach new highs.But the recent decline is now threatening the newly built gains.Sui retreats from peakThe recent uptrend of the SUI token suffered a glitch, halting the positive momentum.…
Rebecca Moen November 11, 2024 16:00 UBET introduces UAMM, a decentralized algorithmic pricing mechanism for sports prediction markets, providing fairer odds and improved liquidity through blockchain technology. UBET, a decentralized sports betting platform, plans to transform the sports betting market landscape by leveraging the power of Automated Market Makers (AMMs) and blockchain technology. According to Polygon.technology, UBET’s Automated Market Maker (UAMM) promises a fairer, safer, and trustless environment for sports betting. UAMM Edge: Decentralization Meets Sports Prediction Markets UBET’s UAMM stands out with its algorithmic pricing mechanism that sets it apart from traditional AMMs.…
Ether (ETH) price has surged more than 37% over the past seven days, trading at highs not seen since July 24, as expectations rise about a cryptocurrency-friendly business environment in the United States following Donald Trump’s presidential victory.ETH/USD daily chart. source: TradingViewAt the time of this writing, Ether is trading at $3,392 due to increased demand via the spot Ethereum ETF, and on-chain indicators suggest the altcoin’s upward trend remains intact.Ethereum open interest has reached an all-time high.Ether’s rally over the past seven days has led to an increase in open ETH long positions in the futures market. Ethereum’s total…
Crypto asset manager Bitwise announced the launch of the Aptos (APT) staking exchange traded product (ETP) (APTB) on the SIX Swiss exchange. According to a press release, the ETP will represent the world’s first Aptos Stake ETP, which aims to enable both institutional and retail investors to participate in the Aptos smart contract platform. Hunter Horsley, Bitwise CEO and co-founder, said: “For seven years, Bitwise has been a committed partner to investors working to understand and access opportunities in new cryptocurrency asset classes. With the launch of Bitcoin and Ethereum spot ETPs in the United States, many investors began researching…
james ding 11 November 2024 16:32 Following Donald Trump’s re-election, Bitcoin experienced a 23% price surge, hitting new highs above $82,000. Institutional demand and ETF inflows strengthen market momentum. Bitcoin (BTC) reached unprecedented highs, surpassing $82,000 following Donald Trump’s re-election as US President. According to Bitfinex, this milestone is a 23% increase from the cryptocurrency price just before the election. Institutional demand and ETF inflows The notable rise in the value of Bitcoin was mainly due to significant investment inflows through exchange-traded funds (ETFs), which recorded a record inflow of $2.28 billion over three…
DeFi Technologies, a company that bridges traditional finance and cryptocurrencies by providing exposure to digital assets, announced a new platform that aims to add Solana to its balance sheet. DeFi Technologies said in an announcement on November 12 that it has created a spin-off company called SolFi that will focus on adopting Solana (SOL) financial strategies. According to a blog post, SolFi will provide investors with direct exposure to Solana and its ecosystem, including “proprietary trading, operating validator nodes, and investing in the ecosystem.” The company seeks to follow in the footsteps of MicroStrategy, whose Bitcoin (BTC) strategy has inspired…
TAO approaches the important $685 resistance level after a surge in volume and technical strength. Market sentiment is supported by rising open interest, rising MA crossover, and low social dominance. Bit Tensor (TAO) It recently experienced a significant surge in 24-hour trading volume exceeding $500 million, reflecting strong interest and market activity. A surge in activity signals has fueled interest, with TAO’s trading price rising 8.01% over the past 24 hours to $599.66. As a result, TAO’s market cap has reached $4.43 billion at press time, indicating new momentum as it approaches the key resistance level of $685. On the…