After Sam Bankman-Fried, once the head of FTX, petitioned the court for a five-day-a-week release from incarceration, the overseeing judge swiftly denied the plea. On Tuesday, Bankman-Fried pleaded not guilty in response to the most recent charges. Meanwhile, his legal team emphasized that he was subsisting solely on bread and water within the confines of…
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Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate,” and says he won’t take it into account in his decision for an independent examiner. The judge handling FTX’s bankruptcy has reportedly slammed a joint letter from four United States senators calling for an independent examiner in the case. As reported by Cointelegraph, the senators sent…
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The market gave up last week’s gains from Bitcoin’s surge to $45,000, but derivatives metrics suggest retail traders are more bullish than market makers and whales. The phrase “hindsight is 20/20” is a perfect expression for financial markets because every price chart pattern and analysis is obvious after the movement has occurred. For example, traders…
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