Sam Bankman-Fried pleaded "Not Guilty" to all federal charges

News • 2023/01/04 • by Remitano

New memecoin, BONK token pump 10x in the first three day of 2023

Considered as the new rival of Dogecoin, BONK token has soared up 1,000% in only 3 days. The dog-theme meme coin increased from a price of $0.00000009625 to a new all-time high of $0.0000001249. Since trading began on December 29, the website’s whitepaper was not linked, and little background information regarding the project was displayed on CoinMarketCap. However, because of this remarkable performance, BONK got the highest trading volume in the Solana ecosystem after USDC and SOL in the past 24h. One of the reasons why the BONK price increased sharply is because the project decided to airdrop 50% of its token supply. And this has most likely sparked a lot of community interest. The BONK surge also made the price of SOL go up by around 20%, from $8 on Friday to above $13 on Tuesday.

Top 10 prediction of Hashrate Index: The Bitcoin bear market will come to an end in 2023

The professional mining data organization Hashrate Index has made 10 predictions for the crypto market in 2023, based on their mining data. According to the organization, the bitcoin bear market will come to an end, but we won’t see another full-scale bull market yet. Bitcoin price growth is primarily driven by new capital flowing into the space. In 2023, we will likely see few outsiders starting to allocate capital to crypto and Bitcoin, as the extreme market chaos and outright scams of 2022 have scared many away from the sector. Regulators will keep targeting bitcoin mining. Bitcoin’s hashrate growth will slow down. And ASICs will become dirt cheap

Sam Bankman-Fried pleaded not guilty to all federal charges

Sam Bankman-Fried, or SBF, the founder of bankrupt crypto exchange FTX, pleaded 'Not Guilty' on all counts at his court hearing in the Southern District of New York on Tuesday. Charges against Bankman-Fried include money laundering, conspiracy to commit wire fraud and securities fraud, 8 felony counts in total. Accordingly, SBF is accused of illegally investing FTX user funds into the hedge fund, Alameda Research, which he co-founded and which was run by his ex-girlfriend, Caroline Ellison. SBF also allegedly used FTX customer money to buy property and donate to political campaigns. Then, it all imploded spectacularly in a “liquidity crisis.”

A large $GMX holder got hacked

GMX officials reported that a GMX whale wallet was hacked and the hacker sold the stolen 82,519 $GMX($3.4M) for 2,627 $ETH. Then cross-chained all $ETH to the Ethereum network with Hop Protocol and Across Protocol. The hack doesn't seem to have had much of an impact on the GMX price. At the press time, GMX is trading near $41.82, decreasing by 0.7% in the last 24h according to Coingecko. GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades, and is currently active on the Arbitrum and Avalanche networks. With its native token is GMX, the project has been one of the most outstanding projects in the space this year.
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