AI-powered summaries of the day's top crypto events
Sam Bankman-Fried has petitioned the Supreme Court to overturn his fraud conviction related to the collapse of FTX. His legal team argues that he was unfairly barred from presenting evidence that FTX had sufficient assets to cover customer losses and that the $11 billion forfeiture is excessively punitive.
Bitcoin's price briefly surged past $79,000 before stabilizing below $77,000 amid new US CPI data indicating a rise in bond yields. The inflation data has prompted concerns over potential Federal Reserve rate hikes, contributing to market volatility.
Blockstream has refused to pay a ransom for the return of 598.5 BTC stolen during the Liquid Network hack. The company is working with law enforcement and other entities to recover the funds, emphasizing that paying the ransom would legitimize theft.
India's Securities and Exchange Board (SEBI) has launched the Demat 2.0 pilot, issuing over $100 million in tokenized corporate bonds. The initiative uses a wholesale CBDC for settlement, with plans for secondary trading and retail access in future phases.
Bitcoin ETFs have seen accelerated outflows, with $449 million withdrawn over three days. ARK 21Shares accounted for a significant portion, with Ether and Solana funds also experiencing net outflows, reflecting investor caution amid market volatility.