The legal saga surrounding Sam Bankman-Fried (SBF), the founder of FTX, has captured widespread attention since his conviction on charges of fraud and conspiracy. As Sam Bankman-Fried sentencing date approaches, his legal team is making a fervent appeal for leniency, arguing that his sentence should not exceed a few years. Bankman-Fried seeks “fair” punishment of 63-78 months, as stated in Tuesday’s court submission. The details of this high-profile case sheds light on arguments put forth by both sides.

The Case of Sam Bankman-Fried: A Summary

Sam Bankman-Fried, a prominent figure in the digital asset world, faces a maximum sentence of 110 years in jail following his conviction on…

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Yesterday we were supposed to have a hearing on the preliminary injunction in the Texas Blockchain Council v. Department of Energy case. But, as often happens in litigation, things change quickly. Tuesday the judge entered an order canceling today’s hearing based on the parties reaching an “agreement-in-principle” on the overall dispute. This agreement must be finalized and filed by Friday, March 1st.

Speculation time.

What could this mean? One element of the standard for a Temporary Restraining Order (TRO), and a preliminary injunction, is that the party requesting it has to show that they are “likely to succeed on the merits.” This means that the judge has to believe that, not only is…

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Just ahead of Bitcoin’s massive surge past the $60,000 milestone, BlackRock’s bitcoin Exchange-Traded Fund (ETF), iShares Bitcoin Trust (IBIT), achieved a noteworthy record in net inflows. It amassed $520 million on February 27, marking a pinnacle for any of the 10 US bitcoin funds.

IBIT Breaking Records

With this milestone, the ETF has broken its own previous daily net inflow high of $493 million on February 13. Notably, IBIT majorly outpaced its competitors, with the Fidelity Wise Origin Bitcoin Fund (FBTC) securing the second-highest daily inflow at $126 million. Digital asset hedge fund Capriole Investments’ founder, Charles Edwards, noted IBIT’s achievement, stating:

“Another…

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Martti Malmi’s release of Satoshi Nakamoto emails offers insights into Bitcoin’s origins, fueling speculation about its mysterious creator and prompting analysis by prominent Bitcoiners such as Matthew Kratter and Jameson Lopp.

Martti MalmiMartti Malmi — Source

Martti Malmi, a Finnish programmer, played a crucial role in the early days of Bitcoin. He worked closely with Satoshi Nakamoto, the mysterious creator of Bitcoin, helping to improve its code and build its infrastructure. Malmi even set up one of the first places where people could trade Bitcoin, called Bitcoin Market.

While Malmi eventually moved on to other projects (currently developing a NOSTR client called iris.to), his…

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Hunter Horsley, CEO of Bitwise Asset Management, expresses an optimistic outlook on Bitcoin’s future trajectory as the cryptocurrency surged to $64,000. Horsley highlights the significance of Bitcoin exchange-traded funds (ETFs), stating that they have opened the floodgates for U.S. capital markets to invest in Bitcoin, fueling substantial market growth. He anticipates Bitcoin’s price to potentially reach $250,000 sooner than expected, citing increased accessibility to the cryptocurrency through ETFs. Bitwise, in its 2024 predictions, forecasts Bitcoin to trade above $80,000 and to set a new all-time high this year. Additionally, they project spot Bitcoin ETFs to capture 1% of the $7.2 trillion U.S. ETF market within five years. Bitwise Bitcoin Fund (BITB) was among the first spot Bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. The bullish sentiment towards Bitcoin is echoed by industry veterans like Peter Brandt, Pantera Capital, Fundstrat’s Tom Lee, venture capitalist Tim Draper, and Cathie Wood’s Ark Invest, all foreseeing significant price appreciation in the cryptocurrency.

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SkyBridge Capital’s Anthony Scaramucci, a well-known hedge fund veteran, has made a bold prediction for Bitcoin, indicating a potential surge to a six-figure valuation in 2024. In a recent CNBC interview, Scaramucci highlighted Bitcoin’s historical performance, suggesting a 300% increase post its upcoming halving event this April. The event will reduce miners’ rewards, historically triggering significant price increases. Scaramucci’s forecast is based on Bitcoin’s past, where it has seen substantial gains following halving events, implying a possible rise to $200,000 within 18 months post-halving.

Currently, Bitcoin showcases a robust growth, trading at $62,512, marking an5.8% increase in the last 24 hours and over 40% since early February. Scaramucci attributes this growth to limited supply amidst rising demand, particularly from spot Bitcoin exchange-traded funds (ETFs), which are purchasing amounts far exceeding daily production. This demand-supply imbalance, coupled with the squeeze on those betting against Bitcoin, underlines the cryptocurrency’s significant appreciation. Scaramucci’s insights offer a promising outlook for Bitcoin, reinforcing its potential in the evolving digital economy.

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$1M – $10M MarketCap:

1. Bork (BORK): 40%
2. Lithium Finance (LITH): 29%
3. BizAuto (BIZA): 25%
4. Friend3 (F3): 20%
5. Port3 Network (PORT3): 19%

$10M – $100M MarketCap:

1. The Doge NFT (DOG): 54%
2. Wojak (WOJAK): 46%
3. SatoshiVM (SAVM): 39%
4. Observer (OBSR): 37%
5. PlatON Network (LAT): 35%

$100M – $1B MarketCap:

1. Arkham (ARKM): 51%
2. Wen ($WEN): 49%
3. Ordiswap (ORDS): 35%
4. Myro ($MYRO): 28%
5. ConstitutionDAO (PEOPLE): 26%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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