Op-ed: Why Sam Bankman-Fried did us all a favor
Op-ed: Why Sam Bankman-Fried did us all a favorThe former FTX CEO has been vilified for his role in orchestrating the fraud, however, a deeper look into the overall situation shows he actually did us a favor.
Happy Saturday!The global crypto market cap is $1.01 trillion with a 24-hour volume of $38.6 billion. The price of Bitcoin is $21,680.99 and BTC market dominance is 41.4%. The price of Ethereum is $1,516.04 and ETH market dominance is 18.4%. The best performing cryptoasset sector is Adult, which gained 11%.
Latest NewsOp-ed: Why Sam Bankman-Fried did us all a favor
The former FTX CEO has been vilified for his role in orchestrating the fraud, however, a deeper look into the overall situation shows he actually did us a favor. PayPal puts its stablecoin project on holdChanges in the regulatory landscape seem to have stalled the project. Binance, Coinbase, Kraken, and eToro confirm they have no Super Bowl adsTwo of those companies — Coinbase and eToro — advertised last year. Kraken co-founder Jesse Powell comments on staking and SEC settlementPowell explained why Kraken didn't fight the SEC and expressed hope for the future. Wall street institution Cantor Fitzgerald reportedly manages $39B of Tether’s reservesTether reported that it held assets worth $67.04 billion as of Dec. 31 — the assets included $39.2 billion of U.S. Treasury bills. Uniswap BNB deployment passes with 66% yes votes despite a16z rejectionThe proposal to deploy UniswapV3 to BNB Chain was accepted with 66% on Feb. 10, even though Andreessen Horowitz used 15M votes to oppose it. US financial committee demands SBF-related documents from SECThe lawmakers wrote that the timing of the SEC's charges against SBF raises "serious questions about its process and cooperation" with the US Department of Justice (DoJ). Ordinal Punks NFTs called out as ‘sketchy’A look into the world of Bitcoin NFTs reveals an inadequate infrastructure and strong FOMO, even for clone collections. Only 58% of American crypto investors reported tax returns in 2022 – CoinLedgerThe survey was conducted by CoinLedger in December 2022 and included 305 American adults who own or invest in crypto. Optimism sheds 10% following 11M token airdropOptimism's OP token fell 13% in the last 24 hours to $2.33 as of press time, according to CryptoSlate data.
Read CryptoSlate in the app Listen to posts, join subscriber chats, and never miss an update from CryptoSlate.
|
Older messages
SEC under fire for regulation by enforcement in Kraken staking action
Friday, February 10, 2023
The US securities regulator was blasted for its ham-fisted approach to staking regulation.
Research: BTC, ETH address momentum shows significant divergence
Thursday, February 9, 2023
The new address momentum metrics indicate a sturdy network growth for BTC while showing an opposite sentiment for the ETH network.
IRS broadens tax requirements for crypto to encompass everyone
Wednesday, February 8, 2023
The IRS said tax and reporting requirements are now mandatory for everyone who received, earned, transferred, or sold cryptocurrencies.
Turkish watchdog stretches rules and allows crypto wallets to collect aid
Tuesday, February 7, 2023
A Turkish singer convinced the country's watchdog to allow three wallets to collect funds, even though the act isn't currently legal in Turkey.
Binance is suspending USD-based bank transfers
Monday, February 6, 2023
Binance said its users' could use all other methods of buying and selling crypto, including bank transfers in other fiat currencies like Euros.
You Might Also Like
What is DeFAI? The AI-enabled DeFi narrative looking to take 2025 by storm
Wednesday, January 15, 2025
AI-driven DeFi projects aim to simplify finance with real-time insights, trading, and personalized strategies, but face hurdles in transparency and security. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈Solana’s daily DEX trading volume beat Ethereum’s by 84%; Sony launched its L2 blockchain, …
Wednesday, January 15, 2025
Solana's daily DEX trading volume beat Ethereum's by 84%. Sony launched its L2 blockchain, Soneium. Compound integrated Ethena's stablecoin and Mantle's liquid staking token. ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈Solana’s daily DEX trading volume beat Ethereum’s by 84%; Sony launched its L2 blockchain, …
Wednesday, January 15, 2025
Solana's daily DEX trading volume beat Ethereum's by 84%. Sony launched its L2 blockchain, Soneium. Compound integrated Ethena's stablecoin and Mantle's liquid staking token. ͏ ͏ ͏ ͏ ͏
OKX Founder's Full Speech: "Always Hold Bitcoin"
Wednesday, January 15, 2025
January 14, 2025, OKX CEO Star delivered a speech via video link. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
JPMorgan believes Solana, XRP ETPs could attract $15 billion in net inflows
Tuesday, January 14, 2025
Both assets register $2.5 billion in assets under management currently, with a little over $500 million in inflows registered last year. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Coin Metrics’ 2025 Crypto Outlook
Tuesday, January 14, 2025
Key Trends & Outlooks Shaping Digital Assets in the Year Ahead ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin’s sharp rise and fall starts week with $418 million in liquidations
Monday, January 13, 2025
Crypto positions unwind with $245M in longs liquidated across major exchanges. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
₿ US-based entities hold 65% more BTC reserves than non-US entities; Crypto.com launched stocks and ETFs trading i…
Monday, January 13, 2025
US-based entities hold 65% more BTC than non-US entities; Crypto.com launched stocks and ETFs trading in the US; South Korea is reportedly planning to gradually allow institutional crypto trading ͏ ͏ ͏
Crypto Crash Imminent As US DOJ Sells Over 69K BTC
Monday, January 13, 2025
Monday Jan 13, 2025 Sign Up Your Weekly Update On All Things Crypto TL;DR Crypto Crash Imminent As US DOJ Sells Over 69K BTC Senator Lummis To Head New Crypto Subcommittee Dogecoin Fails To Break
2024 Cex Annual Report: Binance's lead narrowed, while Bybit spot and Bitget contracts grew significantly
Monday, January 13, 2025
In December, major exchanges recorded a 14% increase in spot trading volume, with Bitget leading at 102% growth, and a 6% rise in derivatives trading volume, where Gate saw the largest increase at 111%