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3 key data points highlight the 60-day strength shown by altcoins. A wave of green has washed across the entire crypto market , and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived.  Altcoin season, or ‘altseason’ as the crypto bros say, typically measures the rallying of altcoins and a positive market capitalization increase of the total altcoin market cap. Let’s take a look at some key indicators that market participants use to determine whether or not an altcoin season has emerged. Total crypto market capitalization hits a 14-month high The total crypto market cap recently hit a 14-month high, clearly reflecting the current bullish momentum. Crypto total market cap broke out to its highest levels in over 14 months. pic.twitter.com/0c6CPxDSfQ — TradingView (@tradingview) November 6, 2023 Similar strength is seen in the total altcoin market capitalization chart (TOTAL2). The met...

Sam Bankman-Fried’s lawyers are pushing for the jury to weigh English law in FTX’s terms of service, aiming to dismiss some fraud charges against the exchange founder. Legal representatives for Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, have submitted a new filing in an attempt to persuade the jury to consider the influence of English law on the company’s terms of service. The Oct. 30 filing, which includes a proposed jury instruction, states that according to the Government’s theory, a trust, fiduciary relationship, or similar bond must exist between FTX and its customers for misappropriation to have occurred. The suggested jury instruction informs the 12 jurors determining Bankman-Fried’s outcome that FTX’s customer relations are dictated by its Terms of Service, which are governed by English law. Additional filings offer UK case examples for reference. You might also like: SBF trial day 14: FTX’s Bankman-Fried blame...

Prosecutors called FTX general counsel Can Sun to the stand following financial forensics and evidence of internal communications potentially implicating Sam Bankman-Fried in criminal wrongdoing at his crypto exchange and trading firm, Alameda Research. Expert testimonies from a Notre Dame Alumni and an FBI analyst in United States v Sam Bankman-Fried provided more details as to what happened at FTX. Bank statements detailed transactions from Alameda to personal accounts and super PACs, almost certainly financed with FTX customer crypto. Bankman-Fried’s Twitter DMs entered as trial exhibits highlighted profanity-filled remarks aimed at regulators and rivals in the days after FTX declared bankruptcy.  FTX founder Sam Bankman-Fried with journalist Kelsey Piper | Source: Vox Billions poured from user balances on FTX into loan repayments and real estate buys in the Bahamas. At least one of these properties had the defendant’s parents Joseph Bankman and ...

During the promotion of his newest book, Michael Lewis revealed that Sam Bankman-Fried wanted to pay Donald Trump $5 billion not to run for president in 2024. Specifically, The Big Short author told CBS’ 60 Minutes of the offer that was nearly made to the 45th US President regarding a reelection campaign. Lewis is promoting his newest book, “Going Infinite: The Rise and Fall of a New Tycoon,” detailing the collapse of FTX and Bankman-Fried. Subsequently, the details of his potential offer to Trump are presented as one of its most shocking details. Sam Bankman-Fried reportedly wanted to pay Donald Trump $5 billion to not run for President in 2024. pic.twitter.com/gbpptMUhqP — Watcher.Guru (@WatcherGuru) October 2, 2023 Also Read: FTX Says Bankman-Fried’s Parents Got $16.8 Million in Stolen Funds SBF Almost Paid Donald Trump to Not Run For President in 2024 The downfall of Sam Bankman-Fried and FTX is certainly one of the most prominent fi...

Lawyers of disgraced FTX founder Sam Bankman-Fried say that a lack of sufficient WiFi and jail delays are hindering his ability to prepare for his upcoming court trial and he should therefore be granted pre-trial release. The court filing from September 8 is the second pre-trial release request Bankman-Fried has sought in the past week. Lawyers argued that although the curly-haired former billionaire was promised access to a laptop and a hard drive from 8am to 7pm on weekdays, that hasn’t been the reality. Jail proceedings like inmate head counts have shed hours of prep time already, they said. According to the filing, Bankman-Fried was held up from visiting rooms for two hours due to another inmate. Once he arrived, he wasn’t allowed to use his laptop without lawyers present, despite assurances that he would be. Additionally, once he did get access to the laptop , the internet was so slow that it took “10 minutes for the home page to load.” After an ent...

Aditya Baradwaj, a former employee of Alameda Research, has come forward with allegations regarding his time working for FTX. Baradwaj took to social media platform X (formerly known as Twitter) on Aug. 23 to share his account of his experience at the company, shedding light on the tumultuous months that followed the collapse of FTX. As an engineer at Alameda Research, I had my entire life savings stolen from me by my former boss: Sam Bankman-Fried. Now, after months of recuperation from the craziness of the FTX collapse , I’m ready to tell my story . Let’s start at the beginning: (1/25) #SBF #FTX pic.twitter.com/x5wKvT0Dy2 — Adi (e/acc) (@aditya_baradwaj) August 23, 2023 “Now, after months of recuperation from the craziness of the FTX collapse , I’m ready to tell my story ,” the former Alameda Research employee declared. Recalling his early days at Alameda, Baradwaj described the firm as a “small, mysterious crypto trading firm” with only min...

The FTX saga continues to take center stage, even though it has been months since the collapse. From Sam Bankman-Fried’s arrest to his bail and the conditions, SBF remained the topic of discussion. Once again, the former FTX chief was making headlines as a U.S. judge was discussing SBF’s bail conditions all over again. SBF currently faces 12 counts after last month’s addition of fresh fraud and conspiracy allegations by the prosecution. On the first eight charges, he entered a not-guilty plea in January 2023. SBF attorneys stated this in a letter to Kaplan on Wednesday. In addition to the fresh allegations, they could want more time than anticipated to analyze the available material and put up a response. Therefore, U.S. District Judge Lewis Kaplan will decide if the fraud trial that is scheduled for Oct. 2 will go as planned or be pushed back. Amidst this, other individuals involved in the case could be taken off the case. Shaquille O’Neal, a form...