Author: American Coins & Gold

Sam Bankman-Fried’s Defunct Exchange FTX Receives Multiple Bids for Restart
Options also include a sale of the exchange, which boasted 9 million users before going bankrupt.

Sam Bankman-Fried's Defense May Depend on Character and Fact Witnesses
Sam Bankman-Fried’s defense presentation won’t kick off until later this week, but it’s already clear his defense may hinge on one key witness: himself. That’s according to Kevin O’Brien, a partner at Ford O’Brien LLP and a former assistant U.S. attorney who specializes in white collar criminal cases.

Bitcoin's Surging Perpetual Funding Rates Make Arbitrage Trades Attractive
The funding fee arbitrage involves selling perpetual futures while simultaneously buying the cryptocurrency in the spot market. The strategy currently offers an annualized yield of over 10%.

Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport
While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said.

Bitcoin Spot ETFs Could See Inflows of .4B in First Year, Galaxy Says
An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said.

Trader Who Called Last Year's Crypto Crash Covers Bearish Altcoin Bets
I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year’s market meltdown.

Cathie Wood’s ARK Sells Grayscale Bitcoin Trust Holdings, Coinbase for Second Day
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.

Coinbase Says SEC is Attempting to ‘Redefine Definition of an Investment Contract’
Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.

BlackRock Bitcoin ETF Has, Since August, Appeared on DTCC Site That Belatedly Moved Markets This Week
Impulsive trading in crypto markets is nothing new and the movement in the price of bitcoin (BTC) over the past two days over the addition – and then removal – of BlackRock’s proposed ticker for its spot bitcoin ETF on the Depository Trust & Clearing Corp.’s website is just another example.

Sam Bankman-Fried Defense Has 6 Witnesses to Open With: DOJ