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Quick Take Reactions to Changpeng Zhao’s punishment abounded on Tuesday as the former Binance CEO is set to serve four months in prison after pleading guilty to money laundering charges. With a net worth estimated over $40 billion, Zhao will become the richest person to ever serve time in a federal prison.
Bitcoin and ether lost around 3% and 5% over 24-hours, respectively, erasing Monday’s gains, after the first day of spot ETF trading in Hong Kong left much to be desired
Early bitcoin investor Roger Ver has been charged with alleged mail fraud, tax evasion and filing false tax returns. Ver supposedly concealed bitcoin ownership from the U.S. Internal Revenue Service and caused the purported loss of $48 million.
A significant decrease in the implied volatility of at-the-money options for ether and bitcoin suggests reduced confidence in the potential for higher prices, according to an analyst.
- 01:47USDC Treasury added 250 million USDC to the Solana chain 6 hours agoAccording to the on-chain data tracking service Whale Alert, around 2:04 Singapore time, USDC Treasury minted an additional 250 million USDC on the Solana chain.
- 01:46Vitalik changed his personal photo on X platform to the image of MiladyAccording to information from the X platform, Vitalik has changed his personal photo on the X platform to a Milady image.
- 01:45The price of Trump Memecoin hits a historical high, potentially increasing its net assets by five timesArkham Intelligence indicates that Donald Trump's net worth increased by $22 billion overnight. Assuming CIC Digital LLC and Fight Fight LLC collectively own 80% of the TRUMP supply, then these two companies essentially belong to him. More importantly, at the current price of around $28, this portion of shares is worth $22.4 billion. Forbes estimates that by November 2024, the elected president's net worth will reach $5.6 billion. If this estimate is accurate, the value of Memecoin will increase fivefold.