Bankless

FTX Co-Founder Gary Wang Receives No Prison Time Wang pleaded guilty to fraud charges in December 2022 Gary Wang pleaded guilty to fraud charges in December 2022; he will face no prison time in connection with his role at the collapsed crypto exchange. What’s the Scoop? Key Role: Gary Wang was described as the "easiest cooperator" during the investigation into FTX's collapse. He provided critical insights into how Sam Bankman-Fried misappropriated customer funds while operating both FTX and Alameda Research, a critical piece of evidence in the prosecution's case. Broader Fallout: Other executives, including Nishad Singh and Caroline Ellison, also pleaded guilty and cooperated with authorities, receiving varying degrees of leniency in their sentences. Bankless Take: While justice was served in the case against Sam Bankman-Fried, the broader crypto industry suffered significant fallout. The FTX scandal deeply tarnished the reputation of the space, eroding public trust. However, in the time since, the crypto industry has shown resilience, gradually regaining trust from global communities, governments, and even world leaders. This restoration signals a turning point, though the road to widespread confidence remains a work in progress.

Join the Bankless Podcast team! We’re looking for a Podcast Video Editing wizard 🧙🎬 Someone with 1-2 years of experience & a deep understanding of crypto culture preferred If someone you know fits this description, send 'em our way or tag 'em 📥 🔗 https://lnkd.in/edy_Tni6

BREAKING: Bitcoin hits a new all-time high of $94,000

PREMIERE -- How Crypto AI Agents Will Take Over the World 🤖 w/ Ejaaz Ahamadeen Is AI x Crypto the next big wave or just hype? Is any of it investible? Ejaaz, former Coinbase product manager and current Crypto-AI fund operator, shares what’s real, what’s not, where VCs are allocating their capital and much more. Tune in 👇 https://lnkd.in/eWinQFaB

Markets are pumping and Robinhood just listed four new crypto tokens. It's time to start paying attention. See which tokens were listed below the cut 👇 ----------------------------------------------------------------------------- Stock and crypto trading app Robinhood has added Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP to its platform, bringing its total cryptocurrency offerings for U.S. users to 19. What's the scoop? Delisted Offerings: Robinhood had previously delisted SOL, ADA, and others last year when the SEC identified them as possible securities in lawsuits against Binance and Coinbase. Political Calculations: The additions follow the recent U.S. presidential election, in which Donald Trump secured a return to the White House. His win has fueled industry optimism around the potential for a more supportive regulatory environment. Bankless take: Robinhood’s move signals a confident shift toward a more comprehensive crypto offering at a time when political winds appear to be shifting in favor of digital assets. This post-election optimism could pave the way for broader adoption of crypto majors and memecoins, while pushing the boundaries of what’s possible for U.S. crypto platforms. Whether this new era will bring the sought-after regulatory clarity remains to be seen, but for now, market players seem ready to embrace a potentially friendlier landscape.

This ATH was literally a week ago... How long until we hit $100k BTC?

BREAKING: New BTC all-time high of $92,500

Dogecoin Moons with Elon Musk in the Limelight DOGE is trading higher than it has in years, in part thanks to Elon Musk's rising influence. Dogecoin, the OG memecoin, has surged from $0.15 to $0.43 over the past week, marking a 120% climb and hitting its highest level in over three years to become the sixth-largest cryptocurrency by market cap. What's the scoop? -- Some of the price spike here likely stems from indirect buzz around Dogecoin's biggest advocate, Elon Musk, who is reportedly advising Trump on White House staffing decisions. -- The President-elect’s past remarks about creating a new government department focused on efficiency—the "Department of Government Efficiency" (D.O.G.E.)—have fueled speculation around Dogecoin, especially given Musk’s past endorsements of the coin. Bankless take: Zooming out, if we are on the verge of the next raging bull market, then perhaps Dogecoin has plenty more room to run from here. But whatever happens, the token's latest surge illustrates how market movements can be readily influenced by the visibility of high-profile figures like Musk, for better or for worse. Beyond Dogecoin, the broader crypto market’s upswing in response to political developments underscores the growing entanglement of crypto and mainstream politics. As the industry matures, its integration into political discussions and governance agendas will pose big opportunities and big challenges for crypto believers and regulators alike.

BlackRock’s Bitcoin ETF Hits Record Volume As Bitcoin's price surge continues, BlackRock’s Bitcoin ETF is seeing significant attention from investors, blowing through volume records yesterday. What’s the Scoop? -- Record Volume: BlackRock’s spot #Bitcoin ETF generated an impressive $4.5 billion in trading volume on Monday, marking a new high. -- Bitcoin’s Price Surge: Since last week's election results, Bitcoin has continued to rally, reaching new all-time highs and approaching the $90,000 mark. Bankless Take: A key driver of Bitcoin’s appeal is former President Trump’s favorable stance on the crypto space. While no concrete action has been taken, his outlook has increased investor confidence. Additionally, concerns over inflation are prompting investors to seek assets that may preserve value, with Bitcoin seen as a strong alternative. BlackRock’s ETF offers an on-ramp for those interested in the crypto ecosystem, making it easier than ever to explore and invest in this evolving space.

PREMIERE: How to Prepare for the 2025 Bull Market What is Arthur Hayes buying for 2025? We recorded this on the U.S election day so we don’t know who won at the time of recording. Regardless, Arthur says the election doesn’t matter. To him, the outcome is the same no matter who’s in power, they will print money. We talk about the Chinese property bubble and the coming money cannon which Arthur thinks will be bigger than the COVID stimulus. The Fed’s next move, why the treasury is sucking all the oxygen out of the room. We get into his crypto portfolio, what he’s holding and why. Tune in. Tune in 👇 https://lnkd.in/e6gFQymB