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FTX Collapse
Gensler Says SEC Is Fine Going After Crypto With Its Current Authority
As a new Congress prepares to work on uncertain crypto legislation next year, the SEC chairman says his agency needs nothing apart from more money and more reach overseas.
Be Patient: Sam Bankman-Fried Could Go to Prison for a Very, Very Long Time
The former wonder boy could be behind bars for life, according to U.S. federal sentencing guidelines.
DeFi Project Mercurial Plots Revamp and New Tokens Following 'Toxic' Association With FTX
Mercurial would launch some of its popular products as a separate project under the name Meteora.
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s FTX-induced insolvency.
Scottie Pippen on NFT Sneaker Collection Launch: 'We're the Trailblazers'
NBA Hall of Famer Scottie Pippen joins "First Mover" to discuss his crypto journey and partnering with Web3 firm Orange Comet in launching a limited NFT sneaker collection inspired by his basketball career. "We're bringing something different... we're the trailblazers," Pippen said. Plus, Orange Comet CEO Dave Broome discusses the future of the NFT industry in the wake of FTX's collapse.
Goldman Sachs to Spend 'Tens of Millions' on Discounted Crypto Investments After FTX Implosion: Report
The investment bank sees a bigger need for trustworthy and established players in the crypto market.
Silvergate CEO Attempts to Address Concerns in Public Letter
Shares of the crypto-focused bank have been reeling in part due to links with failed crypto exchange FTX and sister company Alameda Research.
New FTX CEO Testimony ‘False,’ Bankman-Fried Says
The crypto exchange’s founder said documentation existed, despite John Ray bemoaning poor record-keeping.
Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in 2021: FT
That FTX was having to navigate such losses in the pre-bear market days of 2021 may go some way to explain its frail position that would ultimately bring about its collapse.
FTX Japan Plans to Restart Local Customer Withdrawals
The crypto exchange's subsidiary has confirmed Japanese customer funds will remain separate from the ongoing bankruptcy proceedings in the U.S.
