The U.S. CFTC indictment said that Alameda enjoys special access to the FTX trading backend, and it can execute transactions faster than other customers; SBF considered closing Alameda in September, but the closure of Alameda would weaken FTX’s liquidity. Not closed finally.
BREAKING: 🇺🇸 US Senator Warren introduces bill to KYC self-custody #Bitcoin wallets, surveil users and crack down on privacy tools.
A direct attack on freedom and privacy 🚨
A direct attack on freedom and privacy 🚨
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Binance Will Delist MITH, TRIBE, REP and BTCST on 2022-12-22
https://www.binance.com/en/support/announcement/35a4169422154c838f012331f5f4b425
https://www.binance.com/en/support/announcement/35a4169422154c838f012331f5f4b425
QCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month. TheBlock reported. QCP is also one of the most active partners of Three Arrows Capital.
#cryptonews: Microsoft won't allow its customers to mine #cryptocurrencies on its online services without prior written permission.
Top10 News
1. U.S. CPI data released for November link
The U.S. released November CPI data of 7.1%, expected 7.30%, and the previous value of 7.70%. The data continued to fall and was the smallest increase since December 2021. On the 14th, the Fed will announce its interest rate hike decision, which is expected to increase by 50bps.
2. Fed hikes rates by 50bps link
The U.S. Federal Reserve raised interest rates by 50bps, and the interest rate level is a new high since 2007. This year, the cumulative interest rate hike is 425bps. Powell said that the FOMC continues to believe that inflation risks tend to rise, and that interest rate hikes are still some way off. The size of the rate hike next February will depend on incoming data and the labor market.
3. U.S. Justice Dept is split over charging Binance as crypto world falters; Binance sees stablecoin-related asset flow link
Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the Binance. The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions. The charges are unlicensed money transmission, money laundering conspiracy and criminal sanctions violations. No final decisions have been made, the DOJ could bring indictments against Binance and its executives, negotiate a settlement, or close the case without taking any action. According to defillama data, the total assets of Binance on December 14 was about $60.4 billion, and the 24-hour net outflow of stablecoin was about $3 billion, mainly due to users’ FUD on Binance.
4. SBF's weekly summary
a. SBF arrested in the Bahamas, will be extradited to the U.S. link
Bahamian authorities arrested FTX founder SBF at the request of the U.S. Government, based on a sealed indictment filed by the United States District Court for the Southern District of New York, which expected to move to unseal the indictment. SBF is the only person charged in the indictment. The charges included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering. The U.S. SEC has authorized separate charges relating to SBF's violations of securities laws, to be filed publicly in SDNY.
b. SBF could face up to 115 years in prison, if convicted link
SBF is facing eight federal indictments carrying a maximum sentence of 115 years in prison. Professionals expect a 10-year sentence. SBF's charges include wire fraud, securities fraud, money laundering, and more. TIMES reported.
5. Crypto trading firm QCP Capital has at least $97 million stuck on FTX link
QCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month. TheBlock reported. QCP is also one of the most active partners of Three Arrows Capital.
6. Employees in the bottom 20% of Binance's performance rankings may not receive year-end bonuses link
Binance may significantly reduce this year’s year-end bonus, and some teams have been announced that the bottom 20% of employees in this year’s performance ranking will have no year-end bonus. According to several employees. Binance bonuses will be distributed before the Chinese New Year, end of january. Last year, some Binance team bonuses even exceeded 20 months. Regular employees also have bonuses for more than ten months. Since the beginning of this year, the global crypto industry has laid off more than 10,000 people. Binance continues to recruit, and the number of employees worldwide has exceeded 8,000. That means more than 6,000 employees are still eligible for year-end bonuses.
7. Stablecoin USDD unpegged, its official website shows the value of the reserve TRX is significantly exaggerated link
1. U.S. CPI data released for November link
The U.S. released November CPI data of 7.1%, expected 7.30%, and the previous value of 7.70%. The data continued to fall and was the smallest increase since December 2021. On the 14th, the Fed will announce its interest rate hike decision, which is expected to increase by 50bps.
2. Fed hikes rates by 50bps link
The U.S. Federal Reserve raised interest rates by 50bps, and the interest rate level is a new high since 2007. This year, the cumulative interest rate hike is 425bps. Powell said that the FOMC continues to believe that inflation risks tend to rise, and that interest rate hikes are still some way off. The size of the rate hike next February will depend on incoming data and the labor market.
3. U.S. Justice Dept is split over charging Binance as crypto world falters; Binance sees stablecoin-related asset flow link
Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the Binance. The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions. The charges are unlicensed money transmission, money laundering conspiracy and criminal sanctions violations. No final decisions have been made, the DOJ could bring indictments against Binance and its executives, negotiate a settlement, or close the case without taking any action. According to defillama data, the total assets of Binance on December 14 was about $60.4 billion, and the 24-hour net outflow of stablecoin was about $3 billion, mainly due to users’ FUD on Binance.
4. SBF's weekly summary
a. SBF arrested in the Bahamas, will be extradited to the U.S. link
Bahamian authorities arrested FTX founder SBF at the request of the U.S. Government, based on a sealed indictment filed by the United States District Court for the Southern District of New York, which expected to move to unseal the indictment. SBF is the only person charged in the indictment. The charges included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering. The U.S. SEC has authorized separate charges relating to SBF's violations of securities laws, to be filed publicly in SDNY.
b. SBF could face up to 115 years in prison, if convicted link
SBF is facing eight federal indictments carrying a maximum sentence of 115 years in prison. Professionals expect a 10-year sentence. SBF's charges include wire fraud, securities fraud, money laundering, and more. TIMES reported.
5. Crypto trading firm QCP Capital has at least $97 million stuck on FTX link
QCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month. TheBlock reported. QCP is also one of the most active partners of Three Arrows Capital.
6. Employees in the bottom 20% of Binance's performance rankings may not receive year-end bonuses link
Binance may significantly reduce this year’s year-end bonus, and some teams have been announced that the bottom 20% of employees in this year’s performance ranking will have no year-end bonus. According to several employees. Binance bonuses will be distributed before the Chinese New Year, end of january. Last year, some Binance team bonuses even exceeded 20 months. Regular employees also have bonuses for more than ten months. Since the beginning of this year, the global crypto industry has laid off more than 10,000 people. Binance continues to recruit, and the number of employees worldwide has exceeded 8,000. That means more than 6,000 employees are still eligible for year-end bonuses.
7. Stablecoin USDD unpegged, its official website shows the value of the reserve TRX is significantly exaggerated link