It is not yet clear whether prosecutors want to move forward with the ex-crypto mogul's second trial in March, where he will be tried for five charges.
On the eve of the potential approval of multiple spot Bitcoin ETF filings, rumor has it that the major issue now concerns whether the SEC would allow in-kind creations.
With the authorization, the crypto exchange platform that has more than 80 million global users, can now offer UK-localized e-money products.
Although timelines on the approval of spot Bitcoin ETF filings are uncertain, Grayscale said it remained "focused on uplisting GBTC to NYSE Arca as a spot Bitcoin ETF."
The crypto market is currently a sea of green, as Bitcoin, the world's largest crypto asset by market cap, leads the digital assets in a price rally that benefited most crypto holders.
The king of crypto pushed through the $41,000 price level without much resistance with short positions on BTC contracts, immediately liquidating as much as $54 million.
This project is historic, especially for the crypto industry, as it is the first satellite launch to be fully funded in DOGE cryptocurrency.
However, Bitcoin's latest move also caused $190 million worth of liquidated derivates, $150 million of which was in short positions.
Bitcoin was up 5.2% for the week, followed by the Russell 2000 small caps index, which was up 3.5%. These gains outperformed the 0.2% tech-heavy Nasdaq 100 Index gains and the S&P 500 index's 0.9% gains.
During a hearing at a Manhattan court last Thursday, lawyers for Kwon said that unnamed whistleblowers, one of them from Jump Trading Group, had helped federal regulators in building their fraud case against the Terra co-founder.
Some market makers already knew about the historic settlement agreement roughly a couple of months before it took place, as per a Bloomberg report.
U.S. Chief District Judge Robert Shelby ordered the major Wall Street regulator to explain the statements it made while implementing and maintaining a temporary restraining order (TRO) against the crypto project DEBT Box.
Aside from charges in the U.S. and in his home country, Kwon could be facing another class-action lawsuit in Singapore.
Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world's biggest cryptocurrency.
In an interview with a crypto blogger, mob enforcer-turned-informant Gene Borrello talked about Bankman-Fried and his condition inside the Brooklyn Metropolitan Detention Center as he awaits his sentencing next year.
The price rally of Bitcoin, which started in October, also fueled speculations that it would touch $40,000 or higher by the end of 2023.
Circle CSO Dante Disparte said the firm cannot be involved in such activities as it is subject to regulatory regimes and laws centered on money laundering and countering terror financing.
The recent COIN share sale by ARK's Fintech Innovation exchange-traded fund (ETF) is the biggest since July 25, 2023, when the ARK Next Generation Internet ETF sold over 53,000 COIN shares.
The latest BTC acquisition is MicroStrategy's second consecutive BTC purchase in the past couple of months since it acquired 155 BTC for around $5.3 million at the start of November.
FTX's stakes in these trusts would be sold in a manner that increases their value and does not impact the broader digital investment market, the court filing read.
Bloomberg Intelligence ETF analysts predict that there is a 90% likelihood that the U.S. Securities and Exchange Commission will approve the much-awaited spot Bitcoin ETF applications by Jan. 10.
Binance had previously made an announcement on this matter in August, stating that it would "gradually" phase out support for the stablecoin after the stablecoin issuer, Paxos, was ordered to stop minting the coin earlier this year.
With BlackRock's revised in-kind model proposal, it remains to be seen if the SEC would change its mind.
Zhao has been under fire since he pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement agreement with the Department of Justice and other agencies last week.
The crypto entrepreneur immediately released a statement defending his crypto businesses after the decline the value of TRON dropped and TrueUSD de-pegged.
The SEC's latest move on Franklin might also apply to Hashdex, analyst James Seyffart said, adding it might set in motion what industry watchers, including ARK Invest's Cathie Wood, have been discussing earlier about a potential full wave of approvals.
The platform warned customers that it may respond to the regulator's subpoena unless it is reversed by a court by Thursday.
The decision keeps Zhao from playing any role in Binance.US, including in the exchange's governance.
These metrics show Bitcoin holders' reluctance to sell while buyers look for BTC supply, which is one of the factors why the king of crypto reached a new year-to-date high of $38,410 on Nov. 24.
Last week, American investment management firm ARK Invest sold more GBTC shares, specifically 163,722, to earn $5.02 million.
