The crypto market is ablaze with activity as several altcoins stage bull runs. In an additional spur, discussions on who would succeed Gary Gensler as SEC Chair have spiked quite the interest. Prominent journalists such as Eleanor Terret speculate that Paul Atkins will be the next SEC Chair. Meanwhile, the
FTX Token (FTT) soared to $2.64 today, marking a remarkable 30.96% price increase in the last 24 hours. The trading volume skyrocketed by 232.33%, reaching $196.99 million, reflecting strong investor interest. FTT’s market cap stands at $869.28 million, with a 21.45% volume-to-market cap ratio. This significant surge comes as the
This day might rise as a remarkable milestone in crypto history, for two coinciding events taking place. Bitcoin has come closest to hitting the $1 million target with a new all-time-high standing at $99,000. This has led to a full-fledged bull run in the crypto market. The overall market cap
The trading platforms fraud case against Gary Wang, a former senior executive of the now-defunct FTX exchange, will not result in a prison sentence. Judge Lewis Kaplan of the United States District Court issued an unusually lenient ruling in Manhattan Federal Court. Wang had already entered a guilty plea for
The U.S. Department of Justice (DOJ) has registered a civil forfeit lawsuit to recover $16 million worth of crypto assets, assumed to be linked to the controversial crypto exchange, FTX and its founder Sam Bankman-Fried. Among the crypto assets, more than half of the assets were held in Solana (SOL),
FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, in a bid to recover nearly $1.8 billion. The lawsuit, filed on November 10, alleges that Binance and Zhao received these funds as part of a fraudulent share repurchase deal in July 2021. This move marks another
In a legal filing made public on October 24th, the FTX bankruptcy estate announced a $228 million settlement with the Bybit exchange. The estate had first sued the exchange in 2023, attempting to recoup monies owed to creditors and former clients. The filing states that FTX will be able to
Nishad Singh, a former executive at the FTX cryptocurrency exchange, is making a plea to avoid prison time as he prepares for his sentencing on October 30. Singh’s legal team has described him as an “uncommonly selfless individual” in their recent filing, which includes over 100 letters of support from
Satoshi Nakamoto’s identity and the HBO documentary are the day’s talks for the crypto community. The HBO documentary has attempted to uncover the true identity of the creator of Bitcoin. Meanwhile, Ryan Salame, the former FTX executive’s 7-and-a-half-year prison sentence began in the past day. In reflection, the FTX token
The Web3 community after a recent slump has begun to stir up its activity. Meanwhile, the looming US elections and FED reports have influenced the sector’s different aspects. While prices have shown mixed signals, the industry itself has become vibrant. A recent report stated that almost 7.51% of the global
