⚖️ Judgy… A jury found former FTX boss Sam Bankman-Fried guilty of fraud following the collapse of his exchange and the loss of $10B in customer funds. Once hailed as crypto’s “White Knight,” SBF now faces up to 115 years in prison.
📸 Flashy… Bitcoin saw a “golden cross” as its 50-day moving average passed above its 200-day moving average, which some traders interpret as bullish. Bitcoin’s price has more than doubled this year, and analysts point to ETF excitement.
💰 Spendy… Coinbase reported its seventh straight quarterly loss while Q3 trading volume sagged. One bright spot: Coinbase’s USDC stablecoin partnership with Circle saw the OG exchange earn more $$ as interest rates rose.
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