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Hodler's Digest: SBF trial in progress, Mashinsky trial scheduled, Binance's market share decreases (Oct. 1-7)

Hodler’s Digest: SBF trial in progress, Mashinsky trial scheduled, Binance’s market share decreases (Oct. 1-7)

– The trial of former FTX CEO Sam Bankman-Fried began, with allegations of fraud and misuse of customer funds.

– Alex Mashinsky, former CEO of Celsius, will face trial in 2024 on charges of fraud and market manipulation.

– Binance continues to lose market share for the seventh consecutive month, with other exchanges benefiting from its decline.

– FTX transferred billions of dollars worth of tokens to Alameda Research before filing for bankruptcy.

– Valkyrie backtracks on purchasing Ether futures contracts until receiving approval for its ETF.

– Bitcoin is at $27,880, Ether at $1,640, and XRP at $0.52.

– Crypto hacks and scams increased by over 153% in Q3 compared to the previous year.

– Analysts predict a potential BTC price crash to $20,000.

– The US Treasury sanctions crypto wallets connected to fentanyl-related criminal activities.

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