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How a Crypto Billionaire Went Broke: Case Studies
Sam Bankman-Fried, formerly known as the “wunderkind” of crypto, built FTX into a powerful exchange that processes billions of dollars in daily volume. His net worth reached $26 billion by 2022, thanks to rapid growth and celebrity sponsorships. But FTX was really a house of cards. Alameda Research, Bankman-Fried’s trading arm, borrowed money from FTX customers to cover speculative bets. When the market fell, the scheme lost $8 billion. In November 2022, a tweet from Binance, a competitor, triggered a bank run, and consumers withdrew $6 billion in just a few days. FTX went bankrupt, resulting in more than a ... (full story)
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From @MarketNews_Feed|Mar 3, 2026KASHKARI: FED CAN SIT TIGHT AS WAR CLOUDS ECONOMIC OUTLOOK — WSJ ... Fed's Kashkari: I don't see evidence that the labor market is tightening - WSJ. FED'S KASHKARI: I DON'T WANT A REPEAT OF ‘TRANSITORY’ MISJUDGMENT - WSJ. ... Fed's Kashkari: Before Iran, inflation was gently heading in the right direction - WSJ. FED'S KASHKARI: ONE OR TWO INTEREST-RATE CUTS LATER THIS YEAR COULD BE APPROPRIATE IF INFLATION COOLS - WSJ. ...
From moneycheck.com|Mar 3, 2026Michael Saylor said Tuesday that he is buying Bitcoin again. The comment came as Strategy’s Bitcoin holdings rose above 720,000 BTC. The company said it now holds 720,737 Bitcoin, ...
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From @realDonaldTrump|Mar 3, 2026
The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it. The U.S. needs to get Market Structure done, ASAP. Americans should earn more money on their money. The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other Countries if we don’t get The Clarity Act taken care of. The Genius Act was the U.S.A.’s first big step to make the United States the Crypto Capital of the World, and getting The Clarity Act done is the next step to finish the job and, most importantly, keep this big and powerful Industry in our Country. The Banks should not be trying to undercut The Genius Act, or hold The Clarity Act hostage. They need to make a good deal with the Crypto Industry because that’s what’s in best interest of the American People. This Industry cannot be taken from the People of America when it is so close to becoming truly successful. Thank you for your attention to this matter! President DONALD J. TRUMP
From tradersunion.com|Mar 3, 2026U.S.-based cryptocurrency miner MARA Holdings has stirred the crypto market after stating in a regulatory filing that it may revise its long-standing HODL strategy. In a filing ...
From moneycheck.com|Mar 3, 2026Perpetual futures trading may reach U.S. crypto markets within about a month. CFTC Chair Michael Selig said guidance to support the launch could come within weeks. Selig spoke ...
