White House: Trump Will Not Pardon SBF
The White House has officially declared that former President Donald Trump will not issue a pardon for Sam Bankman-Fried (SBF). Bankman-Fried was found guilty of seven felony charges, including wire fraud and money laundering, in November 2023, following the collapse of FTX and Alameda Research in late 2022. He awaits sentencing in March 2024, facing a potential decades-long prison term.
Machi Big Brother Suffers $74M Loss on Leveraged ETH
Blockchain analytics firm Arkham has reported that crypto investor Machi Big Brother lost $74 million from leveraged long Ethereum (ETH) trades over the past six months. These positions, initiated on the decentralized perpetual exchange Hyperliquid when ETH was approximately $4700, depleted funds within his associated Hyperliquid account, reducing its balance to approximately $8,500.
Mt.Gox Payouts Fuel Bitcoin Hard Fork Speculation
Rumors are circulating regarding a potential Bitcoin (BTC) network hard fork to create a new chain specifically for compensating victims of the historical Mt.Gox hack. Reports question the feasibility and broader implications of such a significant network alteration solely for these payouts. The Mt.Gox exchange ceased operations in 2014 following a major hack, initiating a long-standing rehabilitation process. This speculation contributed to current bearish sentiment, with BTC sentiment dropping to 45% bullish.
BlackRock ETF Tokenization Rumor Emerges
A rumor indicates BlackRock is exploring the tokenization of all its Exchange Traded Funds (ETFs).