The Block
Quick Take The SEC and Tai Mo Shan, a subsidiary of Jump Trading’s crypto unit, have reached an agreement for the latter to pay about $123 million in fines after it spent $20 million to help prop up the TerraUSD stablecoin in May 2021. Tai Mo Shan will pay the penalty without admitting to or denying the SEC’s findings, pursuant to the agreement.
Quick Take Interpol has issued a “Red Notice,” on behalf of Finland, for Hex and PulseChain founder Richard James Schueler, a.k.a. Richard Heart, on charges of gross tax evasion and assault. A list of Europol’s most wanted criminals also features Schueler, and claims he physically assaulted a 16-year-old victim by knocking them to the ground and punching them repeatedly. “It feels great to be wanted. Nothing can stop an idea whose time has come,” Schueler posted on X Saturday night, in a post that may be r
Bitcoin’s price continues to rise following the election of Donald Trump as the 47th president of the United States on Nov. 5.The cryptocurrency was breaking all-time highs even before his victory was official, first starting with $74,000 on Election Day.
Of the 6,500 A1566 miners, 500 miners have been immediately delivered and are scheduled for installation.Canaan’s NASDAQ-traded stock was up 32% in Monday morning trading.
Dogecoin, cardano, and shiba inu have outperformed bitcoin over the past week, surging 80%, 85%, and 50% respectively, amid a broader altcoin rally, amid reduced regulatory uncertainty, analysts said.Bitwise Europe reports that bitcoin whales have recently resumed accumulation, moving a net -17,400 BTC off exchanges, while miners’ limited exchange activity is helping stabilize prices.
MicroStrategy added approximately 27,200 bitcoin for roughly $2.03 billion in cash at an estimated $74,463 per coin.The bitcoin purchases were conducted between Oct. 31, 2024, and Nov. 10, 2024.
Quick Take Paradigm’s VP of Regulatory Affairs explains why it was a mistake for the Democratic Party to alienate crypto voters in the US
Quick Take With bitcoin continuing to break new all-time highs above $80,000 following Donald Trump’s election victory last week, analysts at research and brokerage firm Bernstein urged investors to add exposure to the crypto industry “as soon as possible.” Business intelligence firm and the largest corporate bitcoin holder, MicroStrategy, has acquired another 27,200 BTC for $2.03 billion at an average price of $74,463 per coin. The FTX bankruptcy estate filed a $1.76 billion lawsuit against Binance and it
Quick Take Former Alameda Research co-CEO Sam Trabucco also agreed to hand over two apartments worth $8.7 million, according to the proposed settlement. Trabucco filed $70 million worth of proofs of claim against FTX, Alameda Research and other entities in June 2023.
Quick Take Bitcoin options traders are paying significant premiums for call options, indicating growing optimism about future price gains, an analyst said. Meanwhile, implied volatility has eased post-election, and traders see this as an opportunity to acquire ‘cheap’ optionality as bitcoin’s spot prices shift into new price discovery, the analyst added.
