Set to be sentenced next week, disgraced FTX founder Sam Bankman-Fried is facing charges that carry a total maximum penalty of over 100 years in prison – but what sentence will he actually get? In the defense’s sentencing recommendation released late last month, Bankman-Fried’s camp pushed for a maximum prison sentence of just over six...
The U.S. dollar dropped against its most major counterparts in the New York session on Monday, as investors looked ahead to the release of key U.S. inflation reading this week for further clarity on the rate outlook. The PCE price index, which is the Fed\'s preferred measure of inflation, is due on Friday. The core...
The South Korean exchange Bithumb is looking to step up its IPO plans – and could look to launch a fast-tracked initial public offering as the crypto bull market continues. Per Hanguk Kyungjae, Bithumb is looking to “accelerate” its proposed KOSPI listing. Bithumb IPO: Exchange Takes Decisive Steps The media outlet reported that Bithumb announced...
European stocks turned in a mixed performance on Monday with investors awaiting more economic data, including U.S. personal income and spending report, for directional clues. Also, with investors appeared a bit reluctant to go on any big buying ahead of a long weekend. The cautious mood was also due to an escalation in the trade...
The Russian Ministry of Finance says it wants to settle its long-standing crypto policy differences with the nation’s Central Bank. According to the media outlet RBC, Finance Minister Anton Siluanov said he was “sure” his ministry and the bank would soon “come to an agreement” on crypto regulation-related matters. Russian Central Bank Eager to Break...
Bitcoin spot exchange-traded funds (ETFs) in the United States have witnessed a three-day streak of net outflows, with a total of $261.5 million leaving the ten approved funds on March 20. This brings the cumulative net outflows over the three days to $742 million, as data from Farside Investors indicates. On March 18 and 19, net...
Swiss stocks stayed weak right through the day\'s session Monday with investors staying largely cautious amid a lack of triggers. The benchmark SMI ended down by 14.94 points or 0.13% at 11,637.05, after moving in a very tight range between 11,583.39 and 11,640.86. Swiss Life Holding, ABB and Sonova ended lower by 2.56%, 2.34% and...
Marathon Digital Holdings CEO Fred Thiel warned that smaller miners will face financial strain following the Bitcoin halving event in April. In a CNBC interview published Friday, Thiel highlighted the disparity in access to capital and equipment financing between smaller and larger miners in the current mining market cycle. He noted that while larger miners...
The Grayscale Bitcoin Trust’s (GBTC) exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21. This follows a week of substantial outflows, with March 18 witnessing the largest single-day outflow of $642 million, according to data from Farside Investors. The latest figures bring the total outflows...
The Canadian market failed to hold early gains and ended lower on Monday, pulled down by losses in healthcare, industrials, utilities and consumer discretionary stocks. A firm display by energy stocks helped limit market\'s downside. The overall mood remains a bit cautious with investors awaiting a slew of crucial U.S. and Canadian economic data. The...