CryptoBlog n.2350
Yesterday, the U.S. stock market experienced a significant downturn, erasing approximately $953bn in market value. This decline was primarily driven by disappointing earnings reports from major technology companies, including Meta and Microsoft, which led to a broader sell-off across the market.
CryptoBlog n.2349
According to reports, JPMorgan is shaping its trading strategies based on data from Polymarket.
CryptoBlog n.2348
Former FTX executive Nishad Singh was spared prison time for his role in the theft of about $8bn in customer funds from the now-bankrupt exchange. The Judge credited Singh for cooperating with prosecutors and coming clean about his actions. He had pleaded guilty to six felony counts of fraud and conspiracy, testified last year as a prosecution witness in the trial that led to Bankman-Fried's conviction on fraud and other charges.
CryptoBlog n.2347
The U.S. Treasury Department released a 35-page report revealing its new strategy for financial inclusion. The report only mentioned cryptocurrency, or "digital assets," once and specified that the technology was a risk.