Regulation
“The truth is, there were never losses. The money has always been available,” said Sam Bankman-Fried’s lawyers in a letter opposing the government’s proposed 50-year prison term for the former FTX CEO.
Business
Grayscale Investments plans to add staking to its proposed spot Ethereum ETF, following a similar move from Fidelity Investments earlier this week.
James Seyffart and Eric Balchunas based their assessment on the lack of recent contact between fund issuers and the SEC.
Ethereum
Arrington Capital’s token distributions were spread amongst several wallets in amounts just below the minimum threshold for locking the tokens into vesting schedules.
The much-criticized co-founder of the bankrupt crypto hedge fund thinks of himself as the crypto analogue to the former Goldman Sachs CEO.
The SEC charged Genesis and partner institution Gemini for failing to register the Gemini Earn Program before its collapse.
Bitcoin
BitMEX says it is investigating unusual trading activity on its BTC/USDT spot market after large sell orders saw the price of bitcoin momentarily fall to $8,900.
A U.S. District Court has sanctioned the SEC for misleading the court in relation to its lawsuit against crypto firm Debt Box, with the judge concluding that the securities regulator’s actions constituted a “gross abuse of power entrusted to it by Congress.”
Changpeng Zhao took to X on Monday to tease the launch of a new project, but offered little detail beyond revealing that there would be no token.
DeFi
The decentralized exchange aggregator is the second-largest DeFi protocol on Solana by the amount of gas it consumes—a sign of substantial trading on the platform.
