Daily Archives: December 24, 2022, 10:45 am

Sam Bankman-Fried’s Blame Alameda’s Ellison Defense Halted by FTX’s Gary Wang – Bloomberg

Sam Bankman-Fried for weeks seemed to be trying to get ahead of former Alameda Research CEO Caroline Ellison’s widely expected cooperation deal with prosecutors, subtly casting blame on her for FTX’s collapse. But when Manhattan US Attorney Damian Williams finally announced Ellison’s plea agreement Wednesday night, it came with a brutal stinger for Bankman-Fried: federal prosecutors also had a deal…

Read More

JPMorgan’s Gross Says Crypto About Non-Existent for Institutions – Bloomberg

“As an asset class, crypto is effectively nonexistent for most large institutional investors,” Jared Gross, head of institutional portfolio strategy at the bank, said on this week’s episode of Bloomberg’s “What Goes Up” podcast. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging. ”In the past, there used to…

Read More