Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation

Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when considering his sentence.Source

FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus

The firing of the firm’s co-founder and its CFO in July triggered a wave of departures.Source

Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains

Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.Source

Institution Takes $25M Hedge Bet on Derive’s Bitcoin Options Market as U.S. Election Looms

The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume.Source

Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts

The rally in the DXY stalled after the Beige Book report, paving the way for BTC recoverySource

Number of Bitcoin Whales Jumps to Highest Since January 2021

Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.Source

Citibank Debanked Ripple’s Brad Garlinghouse Due to Crypto, Exec Says

The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government’s pressure on banks to be wary of digital assets, saying Citi dumped him.Source

Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff

Cryptocurrencies weren’t spared as stocks, bonds, gold and oil all declined on Wednesday.Source

Trump Polymarket Odds Briefly Dip After His No. 2 Bull Adds Bet on Harris

The former president’s probability of retaking the White House slid to 59% Wednesday before rebounding.Source