.binance has re-entered South Korea by acquiring a majority stake in crypto exchange GOPAX. LedesmaLyllah reports.
after Bloomberg reported the U.S. Department of Justice’s fraud unit was looking into the crypto bank’s dealings with the now-bankrupt FTX and Alameda Research. The criminal investigation is looking at Silvergate’s hosting of accounts tied to FTX and Alameda, according to people familiar with the matter speaking to Bloomberg. Silvergate hasn’t been accused of any wrongdoing and the investigation could end without any charges being brought, according to Bloomberg.
Proposals to subpoena FTX founder Sam Bankman-Fried, his immediate family and senior staff of the bankrupt crypto exchange, a branch of the Department of Justice dealing with bankruptcy. The plans, set to be discussed at a Wednesday hearing, would duplicate any independent examination of the exchange’s downfall, U.S. Trustee Andrew Vara said in a legal filing madeThe chart shows the percentage of stablecoins that smart money wallets hold in their portfolio over time.
The recent decline suggests"crypto native money is adding risk," according to Ilan Solot, co-head of digital assets at London-based Marex Solutions."There is still a lot of dry powder. The indicator is at 25% now, down from 40% at the start of the year, but far from the almost fully invested reading from early 2021," Solot said in an email.
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