CRYPTO POLICY

Long-term holders are not impacted by the recent rally of Bitcoin since nearly 30% of their supply is being held at a loss, which according to the report, is high, historically.

Bankman-Fried, whose case has faced intense scrutiny due to explosive testimonies from former colleagues in recent weeks, will take the stand following the testimony of three defense witnesses.

If the government had sold the same number of Bitcoin at an average price of $35,000, it could have raked in $345,135,000, which meant it missed around $129,135,000 worth of gain.

In a court filing, Binance's lawyers argued that the Irish units of the business should not be named as defendants in the lawsuit considering that those entities are located outside of the jurisdiction of the CFTC.

BlackRock, whose spot Bitcoin ETF filing is at the center of speculations, maintained that the application in question is still within the SEC's "filing restriction period."

The substantial transfers worth over $10 million include 2,904 ETH ($5.18 million), 1,341 MKR ($2.02 million), 198,000 LINK ( $2.26 million) and 12,000 AAVE ($1.03 million).

Based on the analysis, BTC will continue to surge and could hit the $39,000 price level anytime soon.

Ripple Labs' landmark victory against the U.S. financial regulator, followed by the dismissal of the charges against its top executives, seemingly suggests that the long legal battle of the blockchain firm against the SEC is finally over.

This decision basically solidifies the court's earlier ruling on Aug. 29, which noted that the SEC was "arbitrary and capricious" in its decision to reject Grayscale's bid to convert its $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF.

Bitcoin rallied to $31,000 at the start of the week, but it seemed like the king of crypto was poised to surge to a much higher price level as it climbed to the $35,000 threshold later in the day until early Tuesday.

Early Monday morning, BTC was trading at $30,936.86 painting a huge gain of around 3% over the past 24 hours and a double-digit spike of over 10% in the past seven days.

Apollo was interested in investing in FTX, but it wanted to know how a popular crypto derivatives exchange had a $7 billion shortfall.

After reports were released revealing that Hamas and its ally, the Palestinian Islamic Jihad, received around $90 million worth of crypto in funding, Chainalysis released a blog, noting that the reports might have overblown metrics and used "flawed analyses."

Caroline Ellison is hoping to get leniency when the SBF trial ends in exchange for her cooperation.

According to the ETF analyst, the updated spot Bitcoin ETF prospectus also confirms that issuers are engaging in discussions with the financial regulator, signifying a positive indication of progress in the filings.

The successful conversion of GBTC into a Bitcoin ETF hinges on NYSE Arca's 19b-4 application approval and the SEC declaring Form S-3 effective.

Blockchain analysis firm Elliptic said Buy Cash used several wallet addresses, which cumulatively received crypto assets, amounting to over $30 million since 2015.

Paul Grewal also expressed his concern that establishing crypto tax reporting rules could put digital assets at a disadvantage, especially since the industry is just getting started.

In his interview with Vox released on Nov. 16, SBF, as the ex-CEO is more popularly known in the crypto space, revealed that Singh was "ashamed and guilty" of what happened.

Binance is currently looking for a partner authorized by the FCA, but since it has none at the moment, temporary restrictions will take effect along with the new U.K. regulations.

"We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF," Cointelegraph said.

The Australian Treasury, in a newly released consultation paper, noted the new regulatory framework intends to protect consumers by addressing potential harms, while ensuring support for the innovation of the digital asset industry.

Bankman-Fried's lawyers urged the court to adjourn the trial for a day if it could not provide the medication or issue an order allowing his counsel to provide his prescribed medication at the courthouse on trial days.

The SEC was given time until midnight last Friday to submit a challenge to the court's decision that found it was unjust for the financial regulator to reject Grayscale Investments' application to create a spot bitcoin exchange-traded fund. The SEC's decision now clears the way for the first spot Bitcoin ETF in the U.S. although a separate approval order from the regulator is still required.

Last month, Delaware District Judge John Dorsey approved an order to allow the now-bankrupt crypto empire to sell, hedge price movements, or generate yield through staking off the crypto assets it is holding to repay its creditors.

Despite the potentially imminent approval of spot Bitcoin ETF filings, some are concerned that the eventual arrival of traditional financial giants, including the mega-investment company BlackRock, could "fundamentally change" Bitcoin.

The CFTC alleged that Stephen Ehrlich and Voyager Digital defrauded customers by making them believe that the crypto brokerage firm is a "safe haven" to buy and store assets, with its CEO promising high-yield returns as high as 12%.

Bankman-Fried had previously blamed CZ for the FTX crash, describing it as "an extreme, quick, targeted crash precipitated by the CEO of Binance that made Alameda insolvent."

Earlier this week, TFL and Kwon's lawyers urged the court to ask Citadel Securities to provide documents containing its trading activities in May 2022.