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The Latest Breaking News from FTX

Crypto-linked super PACs boost spending on primary races

WASHINGTON — Super PACs with ties to the cryptocurrency industry have spent at least $31.2 million in primary races ahead of this year’s midterms, with most of the money coming from a handful of executives at just one company.

Tribune News Service

Crypto-linked super PACs boost spending on primary races - Roll Call

Super PACs connected to the crypto industry are flexing their muscles in this year's primary campaigns as lawmakers consider regulations.

Roll Call

Crypto billionaire’s PAC spends nearly $1 million in Illinois Democratic congressional primaries

A PAC bankrolled by crypto billionaire Samuel Bankman-Fried poured $500,065 into television ads to elect Jonathan Jackson to Congress from the 1st District.

Chicago Sun-Times

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Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

WEKU

Crypto Broker Voyager Digital Secures $485M Loan From Bankman-Fried's Alameda

Crypto broker firm Voyager Digital Ltd (OTC: VYGVF) has signed a deal with Alameda Research, a quant trading firm from FTX founder Sam Bankman-Fried, to secure a credit facility to safeguard its customers' assets in line with the current market volatility,

Benzinga

3 Arrows Capital's Bitcoin And Other Positions Liquidated By FTX, BitMEX and Deribit; Fund Managers Have Gone Silent

Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX.

Benzinga

Crypto is melting down. Here's who's hurt

These are gut-wrenching days if you're an investor in stocks or bonds. But things could be worse:

Los Angeles Times

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Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

WEKU

Cryptocurrency FTX Decreases More Than 4% Within 24 hours

Over the past 24 hours, FTX's (CRYPTO: FTT) price has fallen 4.39% to $23.82. This continues its negative trend over the past week where it has experienced a 9.0% loss, moving from $26.11 to its current price.

Benzinga

Nexo Offers To Buy Celsius Assets Amid Withdrawal Halt

Crypto lending platform Nexo (CRYPTO:NEXOY) has offered to buy the assets of its rival Celsius (CRYPTO:CEL) after the latter announced a pause on all withdrawals, swaps, and transfers between accounts due to “extreme market conditions.” The offer to buy Celsius's assets ends on June 20

Benzinga

FTX CEO Sam Bankman-Fried On What's Behind The Slide In Crypto, Tech

Cryptocurrency markets have been trending lower alongside traditional markets for most of the year as rising inflation continues to spark investor fear.

Benzinga

FTX CEO Sam Bankman-Fried Predicted The Downfall Of Terra (Luna): What Investors Need To Know

The tipping point for the crypto markets was the collapse of TerraUSD (CRYPTO: UST). This stablecoin was supposed to remain at $1, however, Terra

Benzinga

Cryptocurrency FTX Up More Than 3% In 24 hours

FTX's (CRYPTO: FTT) price has increased 3.1% over the past 24 hours to $26.96, which is in the opposite direction of its trend over the past week, where it has experienced a 6.0% loss, moving from $28.56 to its current price.

Benzinga

Huge Jump In NBA Crypto Sponsorships, From $2M To $130M: Report

Cryptocurrency sponsorship spending for the National Basketball Association (NBA) has seen a significant spike over the previous season. According to data from IEG consultancy and its Sponsorship Intelligence Database, the NBA has seen an increase in crypto company sponsorship from $1.75 million in the 2020-21 season to $130 million this…

Benzinga

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Benzinga

FTX Passes Coinbase For Transaction Volume In May: Report

Many cryptocurrency exchanges compete for new users and trading volume from active traders. The month of May saw a change in who led the way for the trading volume of the most valuable and most well-known cryptocurrency.

Benzinga

Crypto.com Gets Regulatory Nod in Dubai, FTX Launches in Japan

One of the world’s largest cryptocurrency exchanges by volume Crypto.com Friday announced it has received provisional approval of its Virtual Asset MVP License from the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to offer a full suite of crypto exchange products and services.

Benzinga

Crypto Billionaire Joins Elon Musk, Bill Gates In Pledging Majority Of Wealth To Charity

Sam Bankman-Fried, the founder and CEO of cryptocurrency exchange FTX, has pledged to give away the majority of his wealth to charitable organizations.

Benzinga

FTX CEO Could Donate Up to $1 Billion for US Elections in 2024

Founder and CEO of FTX cryptocurrency exchange Sam Bankman-Fried revealed he could donate up to $1 billion in the Presidential elections of the United States in 2024, depending on which leader is running for what position.

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Benzinga

FTX Chief Willing To Spend $1B On Candidate Running Against Donald Trump In 2024

Sam Bankman-Fried, the founder and CEO of cryptocurrency exchange FTX, is willing to spend over $100 million on his preferred candidate in the 2024 election.

Benzinga

Fintech Spotlight: FTX Floating Acquisitions Of Webull, Apex And Public.com

Fresh after CEO Sam Bankman-Fried disclosed a stake in Robinhood Markets Inc (NASDAQ: HOOD), FTX reportedly is in talks regarding acquisitions with large firms including Webull, Public.com, and Apex Clearing.

Benzinga

FTX US Launches Stock Trading: What Traders And Investors Need To Know

Cryptocurrency exchange FTX is making the leap into U.S. equity trading.

Benzinga

Analyst Says Sam Bankman-Fried's Robinhood Stake Signals 'Strong Support'

FTX founder and CEO Sam Bankman-Fried’s 7.6% position in Robinhood Markets Inc (NASDAQ: HOOD) is a signal of “strong support” for the trading platform popular with retail traders, according to Ar

Benzinga

'Not All Bad Things Are The Same Bad Thing': Why Is FTX CEO Sam Bankman-Fried Comparing Luna To Netflix?

The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO:

Benzinga

Morning Brief: Top Financial Stories Dominating on Monday, May 16

CNBC Volkswagen CEO Shares Ambitious EV Ambitions For US Market

Bangkok Post

Bitcoin has no future as a payments network - FTX

Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticised the digital currency for its inefficiency and high environmental costs.

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