Category: Bitcoin News

Terraform Labs co-founder Do Kwon asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022. In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment he has already served and the penalties he has agreed to accept, according to Bloomberg. Kwon pleaded guilty in August to two counts of wire fraud and conspiracy to defraud after being extradited from Montenegro,…

Equities and cryptocurrency markets may be setting up for a year-end reversal as liquidity improves and US monetary policy turns more supportive following the end of the record government shutdown. Improving market conditions will be driven by the increasing liquidity, which has already returned $70 billion into markets since the end of the US government shutdown, with another $300 billion expected to return over the next five to six weeks as the Treasury General Account normalizes, according to investment management company ARK Invest. Another potential catalyst will arrive on Dec.…

Continued selling pressure from Bitcoin whales could result in the asset falling further, cautioned analysts at CryptoQuant.  Bitcoin (BTC) exchange inflows reached a peak of 9,000 on Nov. 21 as the price of Bitcoin declined to $80,600 on Coinbase, its lowest in seven months, it said in a market summary on Wednesday.  When crypto exchange inflows increase, it is often a sign that investors are preparing to sell, while the opposite is the case when exchange outflows are increasing. CryptoQuant data indicates that 45% of the total BTC sent to…

The US Securities and Exchange Commission shouldn’t grant broad regulatory relief to crypto companies launching tokenized stock offerings, as it risks the market and investors, argues a stock exchange advocacy group.  The World Federation of Exchanges (WFE) said in a letter to the SEC on Friday that it was “alarmed at the plethora of brokers and crypto-trading platforms offering or intending to offer so-called tokenized US stocks.” “These products are marketed as stock tokens or the equivalent to stocks when they are not,” the group said. “This development poses multiple…

The Nasdaq International Securities Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to increase the position limits for options on BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund to 1 million.   Position limits exist to prevent any one investor from controlling too many option contracts on the same stock, thereby reducing the risk of manipulative schemes that could affect prices, according to the notice and copy of the filing from the SEC on Wednesday.    The Nasdaq has requested in its filing, which it sent on Nov.…