Day: November 20, 2024

Crypto Trader’s Pump n Dump Backfires as QUANT Token Surges

In a bold move, the unidentified trader, reportedly in his early 20s, executed a pump-and-dump scheme during a live broadcast, pocketing $30,000 by selling off his QUANT holdings. Yet, instead of collapsing, the token’s value skyrocketed, driven by an outraged cryptocurrency community that rallied behind QUANT to defy his actions. The Community Strikes Back Initially, […]

Marathon Digital raises $850M in Convertible Notes

The Bitcoin mining firm, headquartered in Fort Lauderdale, Florida, announced Monday its plan to issue $850 million in convertible notes, with the option to expand to $1 billion. Of the expected $833 million in net proceeds, $199 million will go toward repurchasing $212 million of its existing 2026 convertible notes. The remaining funds will be […]

FTX Co-Founder Gary Wang Avoids Prison

U.S. District Judge Lewis Kaplan handed down the sentence on Wednesday, citing Wang’s extensive cooperation with the government’s investigation into FTX’s failure. “You did the right thing,” Judge Kaplan told Wang, according to a report by Inner City Press. “You are entitled to a world of credit.” Wang, who co-founded FTX with Sam Bankman-Fried, played […]

Grayscale to Launch Bitcoin ETF Options After BlackRock’s Record

Grayscale’s Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC) will offer options trading to expand the ecosystem for U.S.-listed Bitcoin exchange-traded products (ETPs). The move follows BlackRock’s iShares Bitcoin Trust (IBIT), which made waves with record-breaking options trading activity on its debut, helping push Bitcoin to a new all-time high of $94,041. Expanding Bitcoin ETF […]