Nevada Places Crypto Custodian Prime Trust Into Receivership

Nevada’s Financial Institutions Divisoin filed to appoint a receiver for crypto custodian on Prime Trust, the regulator announced on Tuesday.Source

Jack Dorsey Questions Apple’s Tim Cook Over Bitcoin Support as Damus Deplatforming Looms

Apple cited violations of its in-app purchase guidelines as the primary reason for the delisting, according to Damus founder William Casarin.Source

First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut

The ETF saw $500 million worth of trades in the first 15 minutes.Source

ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown

Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET.Source

Judge Rejects FTX Founder Sam Bankman-Fried’s Motions to Dismiss Criminal Charges

U.S. Judge Lewis Kaplan denied several of Sam Bankman-Fried’s motions to dismiss criminal charges against him. He had previously denied the FTX founder’s remaining motions to dismiss charges.Source

Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report

Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.Source

Bitfinex Launches Peer-to-Peer Trading Platform in Argentina, Colombia and Venezuela

Users will be able to buy and sell bitcoin, ether, USDT, EURT and XAUT.Source

Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund’s Founders: Bloomberg

The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.Source

The Second FTX Asset Recovery Report Is Packed With Bombshells

New claims put FTX and Alameda Research founder Sam Bankman-Fried and his friends even closer to the center of a brazen conspiracy.Source

FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B

Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III.Source