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Sam Bankman-Fried to Face Subpoena from Senate Committee if He Doesn't Voluntarily Testify

The Senate Banking Committee wants Sam Bankman-Fried to appear before it next week in person to discuss the collapse of FTX, and will subpoena him if he does not appear voluntarily, a letter from its leaders said Wednesday. CoinDesk's Nikhilesh De joins "First Mover" to discuss the latest developments.

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Bitcoin Trading Flat Below $17K; Ether Breaks Trendline From Previous Bear Cycle Lows

Bitcoin (BTC) and ether (ETH) continue to struggle as investors recover from the collapse of crypto exchange FTX. IG North America CEO JJ Kinahan discusses recent price actions and announces the company's release of a self-custody blockchain wallet.

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Ang FTX Bankruptcy Managers ay Nag-hire ng Forensic Investigators AlixPartners: WSJ

Ang koponan, na pinamumunuan ng dating SEC accountant na si Matt Jacques, ay may tungkuling subaybayan ang bilyun-bilyong dolyar na nawawala sa FTX.

Sam Bankman-Fried sticking his tongue out while at Crypto Bahamas earlier this year. (Danny Nelson/CoinDesk)

Merkado

First Mover Americas: Dapat Pumunta sa Washington si Mr. Bankman-Fried

Ang pinakabagong mga paggalaw ng presyo sa mga Crypto Markets sa konteksto para sa Disyembre 8, 2022.

Sam Bankman-Fried, CEO de FTX. (Stefani Reynolds/Bloomberg via Getty Images)

Patakaran

Senate Committee to Subpoena FTX's Sam Bankman-Fried kung Hindi Siya Kusang Tumestigo

Ang mga komite ng Senate Banking at House Financial Services ay nagsasagawa ng mga pagdinig sa pagbagsak ng FTX sa susunod na linggo.

The collapse of crypto exchange FTX under Sam Bankman-Fried raises the issue of proofs of reserve. (CoinDesk)

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Bitcoin Outlook After Slipping Below $17K

ETC Group CEO Bradley Duke discusses his crypto markets analysis and outlook as bitcoin (BTC) slides below $17,000 amid rate hike concerns and the fallout from troubled crypto exchange FTX.

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Lummis-Gillibrand Bill Could Have Prevented FTX's Collapse: Sen. Lummis

During an interview on "All About Bitcoin," Sen. Cynthia Lummis (R-Wyo.) discusses why she thinks the Responsible Financial Innovation Act "could have" prevented the collapse of crypto exchange FTX.

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Bitcoin Slips Below $17K Amid Rate Hike Concerns

Eaglebrook Advisors Vice President of Research Joe Orsini discusses his outlook for bitcoin as it dips slightly below the $17,000 level, amid interest rate hike concerns and continued fallout from crypto exchange FTX. Plus, his take on Grayscale Bitcoin Trust (GBTC) selling at close to a record 43% discount to the price of the underlying bitcoin in the trust. Grayscale and CoinDesk are both owned by Digital Currency Group.

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Sam Bankman-Fried Hires High-Profile Defense Attorney: Reuters

According to Reuters, Sam Bankman-Fried has retained high-profile defense attorney Mark Cohen, citing confirmation from Bankman-Fried's spokesperson Mark Botnick. A partner at Cohen & Gresser, Mark Cohen is a former federal prosecutor and recently represented Ghislaine Maxwell in her sex trafficking trial. "First Mover" hosts Christine Lee and Lawrence Lewitinn discuss the latest developments.

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Pananalapi

Ang Genesis Client Letter ay Nagmumungkahi ng Walang Napipintong Solusyon sa Withdrawal Freeze

Ang institusyonal na Crypto brokerage ay nakikipag-usap sa mga nagpapautang at potensyal na mamumuhunan mula nang bumagsak ang exchange FTX.

(Genesis Trading, modificado por CoinDesk)