cryptocurrencyexchange
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đš NEWS ALERT đš
đđIn a significant market development, Crypto.com has surpassed Coinbase in trading volume, driven by growing institutional demand.
đą The surge in volume was largely fueled by new #Traditional finance (TradFi) institutions entering the market, along with the launch of the first spot Ether ETFs.
This milestone marks a notable shift in the competitive landscape of #cryptocurrencyexchange , highlighting Crypto.com's increasing appeal to institutional investors.
đŽ Key Highlights:
đ Trading Volume: #crypto.com surpasses #CoinbaseExchange. .
đ Drivers: Increased participation from TradFi institutions and the introduction of spot Ether #ETFs. .
đ Market Impact: Demonstrates the growing influence of institutional demand in the crypto market.
đą This development underscores the expanding role of traditional financial players in the cryptocurrency space, contributing to greater market liquidity and maturity.
đđIn a significant market development, Crypto.com has surpassed Coinbase in trading volume, driven by growing institutional demand.
đą The surge in volume was largely fueled by new #Traditional finance (TradFi) institutions entering the market, along with the launch of the first spot Ether ETFs.
This milestone marks a notable shift in the competitive landscape of #cryptocurrencyexchange , highlighting Crypto.com's increasing appeal to institutional investors.
đŽ Key Highlights:
đ Trading Volume: #crypto.com surpasses #CoinbaseExchange. .
đ Drivers: Increased participation from TradFi institutions and the introduction of spot Ether #ETFs. .
đ Market Impact: Demonstrates the growing influence of institutional demand in the crypto market.
đą This development underscores the expanding role of traditional financial players in the cryptocurrency space, contributing to greater market liquidity and maturity.
đš NEWS ALERT đš
Russia is gearing up to launch two government-backed #cryptocurrencyexchange , according to a report by Kommersant.
The initiative, which is a significant move in the countryâs #digitalfinance landscape, also includes plans to introduce stablecoins pegged to the Chinese Yuan and the forthcoming #BRICS currency.
#NewsAboutCrypto #CryptoNewsCommunity
Russia is gearing up to launch two government-backed #cryptocurrencyexchange , according to a report by Kommersant.
The initiative, which is a significant move in the countryâs #digitalfinance landscape, also includes plans to introduce stablecoins pegged to the Chinese Yuan and the forthcoming #BRICS currency.
#NewsAboutCrypto #CryptoNewsCommunity
Sam Bankman-Fried Appeals Fraud Conviction, Prosecutors âEager for Quick Headlinesâ
Sam Bankman-Fried Appeals Conviction: Sam Bankman-Fried, founder of #FTX. has filed for a new trial, claiming he was denied a fair hearing during his initial fraud conviction.
Claim of Media Focus by Prosecutors: His legal team argues that federal prosecutors were more focused on securing quick headlines rather than ensuring justice during his trial.
Conviction and Sentence: Bankman-Fried was convicted of fraud and money laundering related to the collapse of FTX, leading to a 25-year prison sentence.
FTX Collapse: FTX, once a major #cryptocurrencyexchange , collapsed in 2022, causing billions in customer losses. Prosecutors accused Bankman-Fried of diverting funds to cover financial shortfalls in his hedge fund, #AlamedaResearch .
Allegations of Unfair Narrative: #SamBankman-Fried legal team argues the narrative presented at trial was inaccurate and new evidence shows FTX was not insolvent, with sufficient assets to repay customers.
Sullivan & Cromwell (S&C) Involvement: The filing criticizes the role of the law firm Sullivan & Cromwell, accusing them of bias and over-involvement in prosecutorial work for financial gain.
Caroline Ellisonâs Legal Situation: Caroline Ellison, former CEO of Alameda Research, is seeking leniency, with her legal team advocating for time served due to her cooperation with authorities.
Claim of Media Focus by Prosecutors: His legal team argues that federal prosecutors were more focused on securing quick headlines rather than ensuring justice during his trial.
Conviction and Sentence: Bankman-Fried was convicted of fraud and money laundering related to the collapse of FTX, leading to a 25-year prison sentence.
FTX Collapse: FTX, once a major #cryptocurrencyexchange , collapsed in 2022, causing billions in customer losses. Prosecutors accused Bankman-Fried of diverting funds to cover financial shortfalls in his hedge fund, #AlamedaResearch .
Allegations of Unfair Narrative: #SamBankman-Fried legal team argues the narrative presented at trial was inaccurate and new evidence shows FTX was not insolvent, with sufficient assets to repay customers.
Sullivan & Cromwell (S&C) Involvement: The filing criticizes the role of the law firm Sullivan & Cromwell, accusing them of bias and over-involvement in prosecutorial work for financial gain.
Caroline Ellisonâs Legal Situation: Caroline Ellison, former CEO of Alameda Research, is seeking leniency, with her legal team advocating for time served due to her cooperation with authorities.
