Wed. Sep 20th, 2023
Bitcoin stable below $30k as SBF goes back to jail

Good morning. Here’s what happens:

the prices: Bitcoin was flat at just under $30,000.

ideas: The sad saga continues for Sam Bankman-Fried as a judge on Friday revoked the former FTX CEO’s bail. CoinDesk columnist David Morris explained why the decision is almost inevitable.

Update: Judge Lewis Kaplan now has it Sam Bankman-Fried’s bail has been voided And they put him back in prison.

the prices

CoinDesk Market Index (CMI)


−0.1 0.0%

Bitcoin (BTC)


−59.3 0.2%

Ethereum (ETH)

1847 USD

−1.3 0.1%

Standard & Poor’s 500


−4.8 0.1%



+31.3 1.6%

Nikkei 225 index


+269.3 0.8%

BTC/ETH prices per CoinDesk Indicatorsas of 7 a.m. ET (11 a.m. UTC)

bitcoin (BTC) fixed at less than $30,000.

“Price stabilization is a positive sign, indicating consolidation around these levels that could support another push,” Joe DiPasquale, CEO of crypto hedge fund BitBull Capital, told CoinDesk in an email on Sunday.

DiPasquale said she was still digesting her PayPal ad last week A new stablecoin pegged to the US dollar.

“This is a significant advance because it is the first release of its kind by a traditional global payments service with hundreds of millions of users,” DiPasquale said. “We believe that such developments are likely to shape market behavior going forward, even if the overall response has been relatively muted at this point.”


Sam Bankman-Fried’s almost inevitable return to prison

This story by CoinDesk columnist David Morris was published shortly before Judge Louis Kaplan canceled Sam Bankman-Fred’s bail and sent him back to prison.

Sam Bankman-Fried has spent 2021 and much of 2022 talking about the role of the cryptocurrency mogul. Today’s hearing will decide whether he has now spoken himself from the comfort of house arrest to a dungeon of concrete and steel.

latest news: FTX founder Sam Bankman-Fred jailed before trial

The immediate impetus for today’s courtroom hearing was for District Judge Louis A. Kaplan is a Bankman-Fried session Share private diaries Caroline Ellison, whom Bankman-Fried appointed as nominal CEO of FTX and later alleged ordered to engage in fraud. Prosecutors allege the intention of the leak was to discredit or intimidate Ellison before trial, when she would be expected to testify as a cooperating witness.

But this is only the straw that breaks the camel’s back: Sam Bankman-Fried uses deceptive public arguments and back-door private communications to manipulate his trial Since the moment of the collapse of FTX.

He made seemingly countless interviews and public appearances in the weeks leading up to his arrest. During his house arrest, he continued to give interviews in which he declared his innocence, albeit to a lesser extent. Well before the release of Ellison’s memoirs, he allegedly communicated with several of those he expected to testify against him.

Find the full story here: Sam Bankman-Fried can go back to prison thanks to his huge mouth

important events.

2 p.m. Hong Kong time / Hong Kong time (6 a.m. UTC): Germany Wholesale Price Index (July/monthly/yearly)

CoinDesk TV

In case you missed it, here’s the latest episode of “first mover” on CoinDesk TV:

Greed and Fear Indicator Points to a Bull Rebound in Bitcoin; Could FTX’s Sam Bankman-Fried go to jail?

FTX founder Sam Bankman-Fred is scheduled to appear in court today. Matrixport’s Bitcoin Greed and Fear Indicator, which has a proven track record of identifying trend reversals, is pointing to a bullish recovery in bitcoin. Anthony Georgiadis, Innovative General Partner at Capital, shared his view on the cryptocurrency markets. Bakkt CEO Gavin Michael discussed the cryptocurrency trading company’s recent quarterly results. Matthew Swayze, Chief Strategy Officer at Smart Token Labs, also joins the conversation.


A Bitcoin Warning Sign Explodes Over Increased Interest in the Shiba Inu: Open interest, or the dollar amount closed, in SHIB’s open futures contracts exceeded $100 million for the first time since February.

Sam Bankman-Fried Pretrial Imprisonment: Bankman-Fried was accused of leaking the memoirs of Caroline Ellison, former Alameda research executive, to the New York Times.

The decision to order Cathie Wood’s Ark 21Shares ETF has been prompted by the SEC: The regulator is reviewing more than a dozen Bitcoin and ether futures ETF applications.

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