As of 9 a.m. EDT on Monday, the crypto market experienced a $ 1.15 billion loss in derivatives positions, with $ 975.93 million of these being long positions. Of that total, approximately $ 403.82 million came from BTC positions, while $ 364.98 million resulted from ETH positions being liquidated. Mass Liquidation …
Financial watchdog group Better Markets has called on the U.S. Securities and Exchange Commission (SEC) to reject spot bitcoin exchange-traded funds (ETFs), warning that they “will inflict massive investor harm.” The organization features U.S. Senator Elizabeth Warren’s testimonial on its website. Its president, who is reportedly close to SEC Chairman Gary Gensler, warned the securities […]
Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors on Tuesday. Trial of FTX Co-Founder SBF Unveils Juror Crypto Losses on Day One […]