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On Friday, Sam Bankman-Fried’s bankrupt trading company Alameda Research deposited over $30 million into Binance. Given that Bankman-Fried is currently serving a 25-year prison sentence for orchestrating fraudulent schemes at FTX related to Alameda Research, the transfer immediately raised questions about Alameda’s assets. Specifically why, if almost all of these bankruptcy estate assets are supposed to be returned to victims of Bankman-Fried’s schemes, does it have any money left? Unfortunately, the finances of FTX and its sister trading company have been a mess since the conglomerate filed for bankruptcy in November 2022. As a result, figuring out how much money FTX and Alameda Research still leads to a bit of a rabbit hole. A bankruptcy mess worse than Enron John J. Ray III, who cleaned up the mess of Enron and other massive bankruptcies like Nortel Networks, described the state of accounting at FTX as far worse . Executives like Bankman-Fried...

With the demand for artificial intelligence in nearly all facets continuing to surge, companies like Nvidia (NVDA) have dominated the discussion. Wall Street has more than proven that correct over the last year. However, Microsoft (MSFT) and Salesforce (CRM) have emerged as key AI stocks in 2025, and here’s why you should pay attention. Both companies represent two interesting cases within the emerging sector. In Microsoft, you have a company that has continuously invested in AI progression. Conversely, Salesforce is committing to some interesting research that could have it positioned to surge in the upcoming months. So, let’s delve into what makes the two stocks so interesting. Source: CNBC Also Read: Microsoft: MSFT $13B Investment Called ‘Best Money Ever Spent’ Microsoft and Salesforce: Two AI Stocks Worth Watching This Year The arrival of 2025 brought with it some interesting things to consider within the finance sector. US President-elect Donald Trump is taking over a ...

The co-filing comes just a week after reports emerged that the SEC is likely to greenlight Ethereum ETF applications. Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications. The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission. The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as those traded on the Chicago Mercantile Exchange (CME).  ARK 21Share has filed two more Bitcoin/ Ethereum ETF applications to the SEC. Source: SEC. ARKY, on the other hand, will consist of both Bitcoin and Ethereum futures contracts. Empowered Funds has been assigned as investment adviso...

A look at the role played by crypto funds in providing essential capital and liquidity, propelling the growth and expansion of the crypto market. A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens. Crypto funds can also be categorized based on their investment strategies. For instance, some funds may invest exclusively in Bitcoin, while others may invest in a diverse range of cryptocurrencies or focus on investing in tokens that have promising underlying technology or are backed by established companies. Additionally, some funds invest in crypto-related companies like mining or trading firms. Investors in crypto funds may include high-net-worth...

The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin. Singapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange. Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. Announcing the news on May 1, Array said that the raise is its second funding round, which is believed to bring the firm’s valuation to more than $100 million. The new Temasek-backed algorithm ic currency system aims to provide a more “stable, efficient and scalable” asset than traditional Cryptocurrencies like Bitcoin (BTC). The system is expected to have a variety of use cases, including payments, remittances as well as investments. Array’s smart contract platform, ArrayFi, is designed to enable decentralized applications bui...

Cointelegraph Markets Pro’s VORTECS Score, NewsQuakes, Tweet Volume and Most Active On-Chain indicators helped subscribers identify four profitable trades. In Cointelegraph Markets Pro’s latest VORTECS Report, the institutional-grade crypto alerts platform displayed how its members could have captured a cumulative 179% gain by following four trades based on four different Markets Pro indicators. The report depicts trading alerts generated between Feb. 26 and March 4, 2023.  The potential gains available to Cointelegraph Markets Pro subscribers significantly outperform a simple buy-and-hold strategy during the same period, which would’ve suffered a loss of 5% holding Bitcoin (BTC) and a loss of 4% holding Ether (ETH). Cointelegraph Markets Pro used a variety of advanced data, such as its proprietary VORTECS Score, NewsQuakes, Tweet Volume and the new Most Active On-Chain indicator, to alert subscribers of the potential for price changes before they occurred. VORTECS Score SingularityNE...