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This week, Grayscale triumphed in a high-stakes battle against U.S. regulators, while developments emerged regarding spot-based BTC ETF applications. Amidst these events, football star Ronaldinho found himself embroiled in a crypto controversy. Grayscale secures victory  Grayscale’s legal triumph over the U.S. Securities and Exchange Commission (SEC) seized the spotlight this week. In a groundbreaking decision by a federal court in Washington, Grayscale received the green light to introduce a spot-based BTC ETF in the U.S. This judicial action overturned the SEC’s previous denial of Grayscale’s proposal, deeming it irrational and unjustified. The development ignited a surge of optimism within the crypto community, catalyzing an upswing in the market. Despite the market’s positive response, Bitcoin critic Peter Schiff expressed a note of caution regarding the implications of Grayscale’s legal triumph. He voiced concerns about potential repercussio...

While the media focuses on the ongoing fallout of FTX and Alameda Research, what’s still curious and murky is how the two firms actually made money. Is it possible that Chinese capital flight helped fund the American-made cryptocurrency ‘saviour?’ Rumors suggest that Sam Bankman-Fried (SBF) had taken advantage of the ‘Kimchi Arbitrage’ and the Japanese arbitrage — the discrepancy between the price of cryptocurrencies in Korea or Japan with the prices of cryptocurrencies in the US, which meant buying in whichever country presented a discount and selling in the country presenting a premium. While there absolutely was an arbitrage play during Alameda’s startup period, the idea that SBF — a twenty-something fresh off the heels of a stint at Jane Street — could make it work and sustain it, while billionaires and giant funds couldn’t, seems unlikely. Risky loans for cash-strapped startup Leading figures in the Effective Altruist movement SBF and Tara Mac Aul...