Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world’s largest crypto exchanges.Source
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop.Source
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?Source
The Crypto Open Patent Alliance is seeking several court injunctions from Wright.Source
The tokenization of industrial processes will produce a revolution in competition between companies of different sizes, says Paul Brody, head of blockchain at EY.Source
The Cyclone Stack will include upgrades aimed at scaling and improving performance of the blockchain.Source
The bank raised its price target for the crypto exchange to $150 from $95.Source
The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering.Source
The latest price moves in bitcoin (BTC) and crypto markets in context for March 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
The CoinDesk 20, a broad-based index of the most liquid crypto tokens, was down 8.25%.Source