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Morning Post | BitMine Purchased 126,971 ETH Last Week; Trader Eugene Announces Exit from Crypto Market

ChainCatcher Daily: Key developments include prominent trader Eugene announcing his exit from crypto markets, citing better opportunities in traditional stocks. In security news, the Syscoin cross-chain bridge was hacked, involving approximately 5 billion SYS, leading to a suspension of its bridging services. On the institutional front, BitMine significantly increased its ETH holdings by 126,971 last week, bringing its total to 5.54 million ETH (4.59% of supply). Conversely, Bitcoin treasury company Strategy purchased an additional 1,550 BTC for $101.3 million. Other notable updates: AI company Moonshot AI is seeking up to $2B in new funding targeting a $30B valuation, digital bank Revolut is planning a secondary share sale at a ~$115B valuation, and a Strategy proposal was approved to change STRC dividend payments from monthly to bi-monthly. In legal news, FTX founder Sam Bankman-Fried has formally applied for a presidential pardon. The report also includes 24-hour trending meme tokens on Ethereum, Solana, and Base networks, and features articles discussing market "tail-end" rallies and the growing scarcity and value capture of AI inference compute.

链捕手Hace 3 hora(s)

Morning Post | BitMine Purchased 126,971 ETH Last Week; Trader Eugene Announces Exit from Crypto Market

链捕手Hace 3 hora(s)

FTX Co-Founder Bankman-Fried Requests Trump Pardon–FTT Soars 45%

Sam Bankman-Fried, the convicted former CEO of bankrupt crypto exchange FTX, has formally requested a presidential pardon from Donald Trump. He confirmed the move in an interview, stating he "absolutely" wants clemency. In March 2024, Bankman-Fried was sentenced to 25 years for fraud and conspiracy linked to FTX's collapse, which caused billions in losses for customers and investors. Despite his conviction, he maintains the case was unfair, claiming FTX customers have now been repaid with interest. Following news of his pardon bid, FTX's native token, FTT, surged 45% in price, though it remains 99.5% below its all-time high.

bitcoinistHace 7 hora(s)

FTX Co-Founder Bankman-Fried Requests Trump Pardon–FTT Soars 45%

bitcoinistHace 7 hora(s)

Sam Bankman-Fried Backs Off New Trial Request, Keeps Pressure On Judge Removal

Sam Bankman-Fried has withdrawn his request for a new trial, stating he does not expect a fair hearing from Judge Lewis Kaplan, who oversees his criminal case. He withdrew the motion without prejudice, meaning he can refile it after his appeal and a separate request to remove Kaplan from the case are resolved. Bankman-Fried is serving a 25-year sentence for fraud related to the collapse of FTX. The withdrawal followed a court-ordered inquiry into whether he had legal help drafting an earlier filing, which he denied. His efforts to replace the judge and appeal his conviction continue. Outside court, he has sought a pardon, but former President Trump has indicated he will not grant one.

bitcoinist04/24 07:02

Sam Bankman-Fried Backs Off New Trial Request, Keeps Pressure On Judge Removal

bitcoinist04/24 07:02

Pardoned BitMEX Cofounder Pledges £20 Million to London Maths Institute

Ben Delo, co-founder of the cryptocurrency exchange BitMEX, has pledged £20 million to the London Institute for Mathematical Sciences (LIMS) to support curiosity-driven research in theoretical mathematics and physics. This follows a previous £10 million donation. The funds are intended to help LIMS reach a £60 million endowment target and will support research free from traditional academic constraints. Delo, a British billionaire previously convicted and later pardoned for Bank Secrecy Act violations, has a history of donating to scientific and free speech causes. The institute aims to use the funding to attract top researchers and expand its work in basic science, with the director noting growing interest from the tech sector in supporting fundamental research.

TheNewsCrypto03/03 12:58

Pardoned BitMEX Cofounder Pledges £20 Million to London Maths Institute

TheNewsCrypto03/03 12:58

Sen. Lummis Rebukes Sam Bankman-Fried, Says CLARITY Act Would Mean Longer Sentence

Sam Bankman-Fried, the former FTX CEO sentenced to 25 years in prison, has been seeking a retrial and fueling speculation about a potential presidential pardon. This follows former Binance CEO Changpeng Zhao's pardon by Donald Trump. Bankman-Fried recently praised the proposed CLARITY Act, calling it a major achievement for Trump and the crypto industry, and claimed former SEC Chair Gary Gensler helped the DOJ prosecute him. Senator Cynthia Lummis, a key Trump ally on crypto policy, rebuked him, suggesting his support was a self-serving attempt to secure a pardon. She stated the CLARITY Act would have led to a longer sentence for him, as it includes tougher penalties for crypto-related fraud. The bill, currently under negotiation, is part of broader crypto market structure discussions ongoing at the White House, with officials indicating progress towards a potential March 1 deadline.

bitcoinist02/27 10:02

Sen. Lummis Rebukes Sam Bankman-Fried, Says CLARITY Act Would Mean Longer Sentence

bitcoinist02/27 10:02

From Crypto King to Pardon-Seeking Prisoner: SBF's Final Gamble Fails

Sam Bankman-Fried (SBF), the convicted cryptocurrency fraudster and former major Democratic donor, has recently adopted a pro-Trump and MAGA-aligned rhetoric in a series of social media posts from prison, where he is serving a 25-year sentence. He publicly praised Donald Trump and criticized what he called a politically biased judicial system, aiming to seek a presidential pardon. Despite his efforts to align with conservative causes and even appearing on Tucker Carlson’s show, the Trump administration has explicitly stated it has no intention of pardoning SBF. His shift to the right—including attacks on the “deep state” and endorsements of free speech platforms like Truth Social—is seen as a strategic yet futile attempt to gain freedom, given his history as a top Biden donor and his notorious reputation in the crypto industry. SBF continues to appeal his conviction while maintaining an active, proxy-managed presence on X.

比推02/25 08:58

From Crypto King to Pardon-Seeking Prisoner: SBF's Final Gamble Fails

比推02/25 08:58

"Startled from a deathbed illness," SBF desperately flatters Trump for pardon but gets rejected

Sam Bankman-Fried (SBF), the convicted cryptocurrency fraudster and former major donor to the Democratic Party, has recently adopted a pro-Trump and MAGA-aligned rhetoric in a series of social media posts. Despite being sentenced to 25 years in federal prison, SBF has been actively praising Donald Trump and criticizing what he calls the "Deep State" and partisan bias in the judiciary, explicitly naming the judge who sentenced him. His apparent goal is to seek a presidential pardon from Trump, who has previously pardoned high-profile financial criminals, including Binance founder Changpeng Zhao (CZ). However, the Trump administration has reiterated that he has no intention of pardoning SBF, along with several other notable prisoners. SBF, once a prominent supporter of progressive causes, began shifting toward conservative alignment after the collapse of FTX, even planning to appear on Tucker Carlson’s show as a Republican. Despite his efforts, his history as a top Biden donor and his notorious reputation in crypto make a pardon highly unlikely. SBF continues to appeal and maintains an active, conservatively-focused social media presence through approved prison communication channels.

marsbit02/25 06:57

"Startled from a deathbed illness," SBF desperately flatters Trump for pardon but gets rejected

marsbit02/25 06:57

Convicted FTX CEO SBF Cries ‘Biden Lawfare’ In Trump Pardon Pitch

Sam Bankman-Fried (SBF) claimed in a February 9th X thread that his criminal conviction was part of "Biden’s political lawfare," comparing his case to those of Donald Trump and former FTX executive Ryan Salame in what many interpreted as a direct appeal for a future pardon. He argued that the Biden administration and the DOJ brought bogus charges and prevented him from presenting evidence, specifically claiming the court "gagged" him and hid proof that FTX was solvent and that no money was stolen. SBF criticized Judge Lewis Kaplan, who also presided over a Trump case, for rubber-stamping DOJ requests and imposing a gag order. He drew parallels between his pretrial detention and Trump's legal battles. The thread was widely seen as a political maneuver rather than a legal argument, with critics accusing him of angling for a pardon from Trump.

bitcoinist02/10 08:03

Convicted FTX CEO SBF Cries ‘Biden Lawfare’ In Trump Pardon Pitch

bitcoinist02/10 08:03

WSJ Reveals: UAE Royal Family Secretly Invested in WLFI, Exchanging for Top U.S. AI Chips

A Wall Street Journal investigation reveals that days before Donald Trump's presidential inauguration, an Abu Dhabi royal, Sheikh Tahnoon bin Zayed Al Nahyan, secretly invested $500 million to acquire a 49% stake in Trump's crypto venture, World Liberty Financial (WLFI). The deal, signed by Trump's son Eric, involved an initial $250 million payment, with $187 million going directly to Trump family entities. Sheikh Tahnoon, a powerful figure overseeing a $1.3 trillion empire, sought access to restricted U.S. AI chips, which had been limited under the Biden administration due to concerns over potential technology transfer to China. Following Trump's election, his administration negotiated a deal to supply the UAE with advanced AI chips, with about one-fifth allocated to Tahnoon's AI company, G42. The investment and subsequent chip deal have raised significant ethical and legal concerns, with experts suggesting it may violate constitutional emoluments clauses. The report also details connections between Tahnoon's investment vehicle, WLFI's stablecoin project, a $2 billion investment in Binance, and the eventual pardon of Binance founder Changpeng Zhao.

marsbit02/02 08:20

WSJ Reveals: UAE Royal Family Secretly Invested in WLFI, Exchanging for Top U.S. AI Chips

marsbit02/02 08:20

CZ Defends Binance: Dismisses Claims Linking Exchange To October 10 Crypto Crash

CZ, co-founder and former CEO of Binance, has dismissed claims that the exchange caused the October 10 crypto market crash, which saw $19 billion in liquidations. He called the accusations "far-fetched" and stated Binance compensated users affected by its technical issues with around $600 million. Zhao emphasized that Binance operates under regulatory oversight in Abu Dhabi and a US monitorship. He also denied having any business relationship with the Trump family, following his controversial presidential pardon in October 2025. Meanwhile, Binance Coin (BNB) has declined 5% in a week, trading at $847.

bitcoinist01/31 14:48

CZ Defends Binance: Dismisses Claims Linking Exchange To October 10 Crypto Crash

bitcoinist01/31 14:48

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