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Former FTX Executive Ryan Salame Will Plead Guilty to Charges: Bloomberg

Ryan Salame was co-CEO of FTX Digital Markets and handled political donations for the crypto exchange.

Updated Sep 8, 2023, 4:36 p.m. Published Sep 7, 2023, 2:20 p.m.
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UPDATE (Sept. 7, 2023, 19:25 UTC): Ex-FTX Digital Markets CEO Ryan Salame pleaded guilty to charges on Thursday afternoon.

Ryan Salame, who was one of Sam Bankman-Fried’s top deputies at FTX, plans to plead guilty to criminal charges on Thursday, Bloomberg reported.

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Salame was co-CEO of FTX Digital Markets and allegedly handled crypto exchange FTX’s political donations. He made substantial donations to Republican candidates.

The plea comes a few weeks before Bankman-Fried’s trial begins in New York. Salame will appear at a hearing in Manhattan later Thursday, Bloomberg reported.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Iran accepts cryptocurrency as payment for advanced weapons

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Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.

What to know:

  • Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
  • The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
  • The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.