2 min readAug 14, 2023

We take a look at the top news in cryptocurrency over the weekend, as the race for a spot Bitcoin ETF intensifies

Bankman-Fried Sent to Jail After Judge Revokes Bail

Judge Lewis Kaplan has revoked the bail granted to former FTX CEO Sam Bankman-Fried, and ordered his detention after a hearing over alleged witness tampering.

In denying the defendant’s plea for a delayed detention ahead of an appeal, Judge Kaplan said that SBF had tried to interfere with witnesses on at least two occasions.

Donald Trump Has Investments In Cryptocurrency

Last month’s financial disclosure revealed that Donald Trump’s cryptocurrency wallet holds $250,000 to $500,000 in assets. The listed asset, labeled “cryptocurrency wallet (Ethereum),” appears to be a set of NFTs that Trump marketed after leaving the White House.

SEC Chief Predicts No Bitcoin ETF Approval

Former SEC chief John Reed Stark suggests the SEC might not approve a Bitcoin spot ETF due to regulatory concerns and potential shifts post-election.

Stark also acknowledged that key figures like Trump, Clinton, and Waters have voiced crypto-related worries. The SEC’s previous crypto scrutiny under Republican-appointed Jay Clayton was noted as well.

Bitcoin Bought by Corporate Giants Should Not Be Feared — Michael Saylor

Michael Saylor of MicroStrategy believes that large corporations buying and holding Bitcoin shouldn’t be worrisome. He emphasized the inevitability of third-party and corporate participation growing in the Bitcoin space.

Mark Zuckerberg Disregards Fight With Musk, Says He is Not Serious

Description: 🥊 Mark Zuckerberg says Elon Musk is not serious about fighting him and it’s time to move on. Zuckerberg believes it’s time to shift the focus away from playful banter and towards more meaningful things.

Pro-Bitcoin Candidate Javier Milei Unexpectedly Leads in Presidential Voting in Argentina

Javier Milei, a candidate known for his pro-Bitcoin stance, has taken an unexpected lead in the presidential voting in Argentina.

Gemini Mocks SEC and Gensler in Promotional XRP Listing Video

Gemini, the cryptocurrency exchange, has adopted a playful approach in a promotional video celebrating the listing of XRP.

The video cleverly satirizes the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler.




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