📰📰📰 Here are some of the latest crypto updates as of Sunday, November 5, 2023:🔥🔥🔥
Sam Bankman-Fried was found guilty of fraud and conspiracy charges. The former CEO of FTX is facing up to 10 years in prison for his role in the collapse of the cryptocurrency exchange.
The global assets in spot bitcoin ETFs hit $4.16 billion. This represents a significant increase in investor interest in bitcoin ETFs.
Bitcoin is currently trading at around $35,000. This is up from $27,500 earlier in few weeks.
Altcoins are also seeing a boost, with many tokens up double digits in the past week. This is likely due to the recent surge in bitcoin prices.
Here are some additional crypto news stories:
BlackRock is reportedly considering offering bitcoin trading to its clients. This would be a major development for the cryptocurrency industry.
The Matrixport investment firm is predicting that bitcoin could reach $56,000 by the end of the year. This is based on the firm's analysis of technical indicators.
South Korean investors are reportedly showing a preference for altcoins over major cryptocurrencies. This is likely due to the recent outperformance of altcoins.
Bitcoin is surging to all-time highs in Turkey and Nigeria. This is likely due to the high inflation rates in these countries.
Bitcoin funding fee arbitrage trades are offering over 10% yield. This is a relatively high yield for a relatively low-risk investment.
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