China News Daily Official TheBitTimes.com

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...

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Research findings by K33, a digital assets platform, show a pattern in bitcoin trading , with increased activity during US market hours compared to Asian and European sessions.  US market power  Despite growing concerns about regulatory uncertainties in the United States, with various crypto market participants currently locked in legal battles with the Securities and Exchange Commission (SEC), a new study by K33 shows, the country remains a force to reckon with when it comes to bitcoin trading. Per the latest research findings, the world’s flagship cryptocurrency has shown a rise in trading activity during U.S. market hours in recent weeks. You might also like: Bakkt research shows investors remain interested in crypto despite regulatory uncertainties According to the researchers, U.S. market hours have become the strongest for the price of BTC since the market bottomed in November 2022, following a challenging period from mid-February to mid-June.  Bitcoin’s ye...