According to the Wall Street Journal, SBF admitted in Monday's hearing that some crypto companies have special privileges on FTX. When asked by prosecutors if FTX customers could use their equity in external investments as collateral for the exchange, SBF said that a company called Crypto Lotus could do so, which is associated with Three Arrows Capital.
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SBF admits that some companies have privileges in FTX, including Three Arrows Capital affiliates
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The value of Bitcoin held by public companies has soared to over $113 billion
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The Ministry of Commerce announced the launch of an anti-dumping investigation on imported analog chips originating from the United States.
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BNB's market capitalization hits a record high of $131 billion
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A look at the key developments from midday on September 13th
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JPMorgan Chase: The Federal Reserve will cut interest rates by 25 basis points next week
Michael Feroli, an economist at JPMorgan Chase, predicts that the Federal Reserve will cut interest rates by 25 basis points next week. He sees two or three dissenters in favor of a larger rate cut, but no one in favor of keeping rates unchanged. The dot plot is expected to still show one more rate cut after 2025. -
Deutsche Bank: We expect the Fed to cut interest rates by 25 basis points at each of its three remaining meetings this year
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New York lawmaker wants to tax crypto sales and transfers
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Trump to order probe of crypto and political debanking claims: WSJ
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Bros who tricked MEV bots with their own medicine must face trial, says judge
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Western Union CEO Views Stablecoins as an Opportunity, Not a Threat: Bloomberg
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