Sam Bankman-Fried May Testify to Role of Lawyers, ‘Good Faith’ Efforts, Filing Says

In a series of filings throughout Thursday, the Department of Justice and Sam Bankman-Fried’s defense crossed swords on issues ranging from charts the defendant wants to use in his testimony to an ongoing question of whether the defense can rely on a presence of counsel argument.Source

Lesser-known Johnson Wins Speaker Job as Crypto-focused Lawmakers Return to Old Roles

After several failed attempts, Republicans in the U.S. House of Representatives dug deep into their roster to elevate a less prominent and less controversial lawmaker, Rep. Mike Johnson (R-La.), as the new Speaker of the House.Source

Hobbled Crypto Exchange’s Creditors Are Suing Its CEO and Want to Claw Back Money From ‘Bitcoin Jesus’

CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.Source

Bitcoin Dominance Hits Fresh 30-Month High as Ether, Altcoins Lag in Rally

Bitcoin’s [BTC] market share of all cryptocurrencies rose to a fresh 30-month high Wednesday as BTC continues to beat most altcoins or alternative cryptocurrencies.Source

Mastercard Teams Up With MoonPay for Web3 Push

MoonPay will incorporate compliance-friendly Mastercard’s Crypto Credential system and integrate payments tech like Mastercard Send and Click to Pay, according to a blog post.Source

Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport

While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said.Source

Bitcoin Spot ETFs Could See Inflows of $14.4B in First Year, Galaxy Says

An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said.Source

Trader Who Called Last Year’s Crypto Crash Covers Bearish Altcoin Bets

I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year’s market meltdown.Source

Cathie Wood’s ARK Sells Grayscale Bitcoin Trust Holdings, Coinbase for Second Day

Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.Source

Coinbase Says SEC is Attempting to ‘Redefine Definition of an Investment Contract’

Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.Source