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Bankman-Fried's Parents Seek Trump Pardon Following 25-Year Sentence
Stanford professors Joseph Bankman and Barbara Fried are pursuing a presidential pardon from Donald Trump for their son Sam Bankman-Fried, who was recently sentenced to 25 years for FTX fraud. The effort follows Trump's pardon of Silk Road founder Ross Ulbricht and comes amid successful FTX bankruptcy proceedings.
Tesla's Bitcoin Holdings Surge $600M Under New Accounting Rules
Tesla reported a $600 million increase in Bitcoin value during Q4 2024 due to new FASB accounting standards allowing fair market value reporting. The EV maker's crypto holdings jumped to $1.08 billion, though the company still faced challenges meeting earnings expectations.
SEC Acknowledges First Post-Ethereum Altcoin ETF: Canary Capital's Litecoin Filing
The SEC's formal acknowledgment of Canary Capital's Litecoin ETF application sets a 240-day review timeline, marking a significant milestone for altcoin ETFs. The development, which triggered a 12% LTC price surge, could serve as a benchmark for future altcoin ETF approvals.
Bitcoin Rallies to $105,000 as Fed Chair Powell Signals Support for Crypto Banking
Bitcoin surged 4.5% following the Federal Reserve's decision to maintain interest rates, reaching $105,000. The rally was amplified by Fed Chair Powell's unexpected pro-crypto comments supporting banks serving cryptocurrency customers, marking a significant shift in regulatory stance.
Ethereum Network Activity Soars with 37% Surge in Active Addresses
Ethereum's network sees dramatic growth with active addresses jumping 37% to 575,000 amid rising DeFi activity and institutional interest. World Liberty Financial's $47M ETH purchase and Paradigm's advocacy highlight growing institutional confidence in the platform.
World Liberty Financial Expands Ethereum Portfolio with $130M Investment
World Liberty Financial has made a significant move in cryptocurrency markets, purchasing 39,242 ETH at an average price of $3,312 per token. The fund's total Ethereum holdings now stand at 78,722 ETH valued at $257M, despite facing short-term unrealized losses amid market volatility.
UK Government Weighs $6.27B Bitcoin Sale from Seized Criminal Assets
The UK Treasury is contemplating the sale of $6.27 billion worth of seized Bitcoin to address national debt, following Germany's precedent. The cryptocurrency assets, mainly confiscated from money launderer Jian Wen, could provide significant financial relief if liquidated.
CFTC's New Leadership Launches Public Forums to Shape Crypto Regulation
Acting CFTC Chair Caroline Pham initiates a series of public roundtables to develop comprehensive cryptocurrency policies with industry stakeholders. The initiative aims to balance innovation and market protection while maintaining U.S. competitiveness in digital assets.
SEC's Ripple Case Takes New Turn as Bitcoin Surges Past $100K
The cryptocurrency world watches closely as Ripple-related litigation information vanishes from the SEC website, sparking speculation about potential appeal withdrawal. The development coincides with a crucial closed SEC meeting and comes as XRP maintains stability at $3.05 while Bitcoin trades above $100K.