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Tornado Cash Trading Volumes Plunged After U.S. Sanctions: TRM Labs
Overall usage of crypto mixer Tornado Cash dropped 90% following U.S. sanctions, a new report from blockchain analytics firm TRM Labs shows. The U.S. Department of Justice has alleged the service was used to launder more than $1 billion in illicit funds, including by North Korean hacker group Lazarus. Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Extends Decline for a Fifth Day; Reddit's Fortnite Token BRICK Surges
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the emotional testimony from former Alameda Research CEO Caroline Ellison in the trial against FTX founder Sam Bankman-Fried. New details emerge surrounding the 2022 FTX hack. And, Bricks (BRICK), the native token of Reddit's Fortnite community, surges.
Crypto Investment Focus on Dapp Development 'Not Surprising,' Expert Says
A new report from advisory firm Architect Partners notes that crypto dealmakers must have taken the summer off, as mergers and acquisitions have fallen again in the third quarter. Architect Partners LLC managing partner Elliot Chun breaks down the highlights of the report, sharing insights crypto financing and interest in decentralized applications (dapps).
ProShares Global Investment Strategist on Ether Futures ETF Outlook
Nine exchange-traded funds (ETFs) offering exposure to ether futures launched on the same day last week. ProShares global investment strategist Simeon Hyman discusses the debut of the ProShares Ether Strategy ETF (EETH) and competition in the space. Also Hyman gives an update on the ProShares Bitcoin Strategy ETF (BITO) as crypto traders await a spot bitcoin ETF approval in the U.S.
Sam Bankman-Fried Taking the Stand Could be a 'Nightmare,' Attorney Says
Bragança Law attorney and former SEC enforcement branch chief Lisa Bragança discusses whether Sam Bankman-Fried should take the stand at his trial. "The only way to really get Sam Bankman-Fried's state of mind across to the jury is for him to talk to the jury and that's a nightmare," Bragança said. "He might sow enough doubt in the minds of the jurors to get an acquittal."
Likelihood of Sam Bankman-Fried Getting an Acquittal Is a 'Hail Mary,' Lawyer Predicts
Former Alameda Research CEO Caroline Ellison testified during FTX founder Sam Bankman-Fried's trial that she was in a "constant state of dread" as assets took a hit from the crypto slump. Lisa Bragança, Bragança Law attorney and former SEC enforcement branch chief, discusses what to make of Ellison's testimony and her outlook for the trial. "The crux of this case is [Sam Bankman-Fried's] state of mind," Bragança said.
The SBF Trial: Ex-Alameda Research CEO Says She Was in a 'Constant State of Dread'
Caroline Ellison, the former CEO of hedge fund Alameda Research and star witness in the government’s criminal fraud case against Sam Bankman-Fried, will take the stand for a third day of testimony. CoinDesk's executive director of global content Emily Parker, who was in the courtroom when Ellison spoke Wednesday, shares some key takeaways.
The SBF Trial: Caroline Ellison Gears Up For Another Day of Testifying; JPMorgan's Blockchain Moves
"CoinDesk Daily" breaks down the biggest crypto headlines today, including the details of former Alameda Research CEO Caroline Ellison's testimony in the criminal trial against FTX founder Sam Bankman-Fried. The U.S. Securities and Exchange Commission (SEC) is getting new support in its legal case against Coinbase. And, JPMorgan debuts tokenized BlackRock shares as collateral with Barclays.
WOO Co-Founder on Buying Back Shares and Tokens From Bankrupt Three Arrows Capital
Taiwan-based liquidity provider WOO Network has agreed to a deal with Teneo, the liquidator of bankrupt hedge fund Three Arrows Capital (3AC), to repurchase shares and tokens it sold in 2021. WOO co-founder Jack Tan discusses the move and the outlook for the broader crypto industry, sharing insights into the the lessons learned from the fall of 3AC.
Former Alameda Research CEO Claims Sam Bankman-Fried 'Directed' Her to Commit Crimes
The prosecution's star witness Caroline Ellison is gearing up for another day of testimony against FTX founder Sam Bankman-Fried. Ellison told jurors she "sent balance sheets at the direction of Sam that made Alameda's balances look less risky to investors." CoinDesk's executive director of global content Emily Parker shares what it was like in the courtroom Tuesday.
