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Sam Bankman-Fried has filed a pro se motion for a new trial in federal court, arguing newly discovered evidence and alleged constitutional violations warrant revisiting his FTX fraud conviction. First reported by Inner City Press, the motion was docketed Feb. 10 in the U.S. District Court for the Southern District of New York, according to … Read more
Backpack, founded by former FTX employees, secures a reported $1 billion valuation and unveils a staged 1‑billion‑token launch tied to a U.S. Initial Public Offering (IPO). Backpack, a crypto exchange founded by former FTX employees, is reportedly in talks to raise $50 million and has reached a $1 billion valuation, aiming to expand tokenized asset … Read more
On Monday, Strategy founder Michael Saylor disclosed that his bitcoin treasury firm has once again topped up its balance sheet with an additional allocation of bitcoin, staying perfectly on brand while signaling steady conviction. According to Saylor’s Monday morning announcement, Strategy (Nasdaq: MSTR) now controls a total of 714,644 BTC, further cementing the firm’s status … Read more
South Korea’s Financial Supervisory Service announced a planned targeted investigation into high‑risk crypto market manipulation tactics — including large “ whale” trades, exchange withdrawal halts used to rig prices, API‑based manipulation, and coordinated social‑media misinformation. The regulator also said it will develop artificial intelligence (AI) analytics to detect suspicious rapid price spikes and suspect groups, … Read more
ENS announced Feb. 6 that it will deploy ENSv2 exclusively on Ethereum L1 and cease development of its planned Namechain layer 2, saying recent Ethereum scaling — including a fusaka-driven gas limit increase to 60 million and a 99% drop in ENS registration gas costs over the past year — made L1 the preferable platform. … Read more
Payments firm Block Inc., led by Jack Dorsey, is preparing to cut as much as 10% of its workforce as it pushes deeper into an efficiency drive, according to a report from Bloomberg. Bloomberg reported this weekend that Block has begun notifying hundreds of employees during annual performance reviews that their roles may be eliminated, … Read more
South Korean cryptocurrency exchange Bithumb mistakenly distributed approximately 620,000 bitcoins, worth around $44 billion, to 695 customers during a promotional event. The company quickly acted to restrict trading and withdrawals, claiming to have recovered 99.7% of the erroneously distributed cryptocurrency within 35 minutes of the incident. The exchange emphasized that the mistake was not caused … Read more
Polymarket’s parent company has submitted multiple trademark applications for “POLY,” indicating a strategic move toward launching a native cryptocurrency token for its prediction market platform. The filings represent a significant potential expansion of the company’s business model, exploring new monetization strategies amid the evolving cryptocurrency landscape. The trademark applications come at a critical time for … Read more
U.S. Sen. Cynthia Lummis urged American banks to embrace stablecoins and digital assets, arguing they represent a new financial product rather than a threat as Congress struggles to advance stalled crypto legislation. Banks should see stablecoins as a way to expand services, not defend turf, Lummis said during a Feb. 6 appearance on Fox Business, … Read more
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, announced a significant strategic realignment, including workforce reductions and geographic market exits. The company will withdraw from operations in the United Kingdom, European Union, and Australia while reducing its workforce by approximately 25%, following previous staff cuts that had already reduced the team to about … Read more
