US prosecutors declare SBF will not see a second trial: Report

SFCPubblicato 2023-12-29Pubblicato ultima volta 2023-12-31

Introduzione

United States prosecutors have reportedly asserted it is unlikely that former CEO of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fired, will see a second trial.

United States prosecutors have reportedly asserted it is unlikely that former CEO of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fired, will see a second trial.
According to a Reuters report published on December 29, many stakeholders are hoping to see the trial be resolved as quickly as possible.
Furthermore, it stated that there wouldn’t be enough new evidence to present, as most of the evidence has already been revealed during the first trial.
Bankman-Fried’s sentencing date is scheduled for March 28,2024.
This is a developing story, and further information will be added as it becomes available.

Letture associate

US Military Confirms Running Bitcoin Node, Four-Star General Calls It a 'Power Projection Tool'

U.S. Indo-Pacific Command (INDOPACOM) Commander Admiral Samuel Paparo has confirmed that the military command is operating a Bitcoin network node and conducting cybersecurity tests using the protocol. In testimonies before the Senate and House Armed Services Committees, Paparo characterized Bitcoin not as a financial asset but as a "computer science tool" and a "tool of national power." He emphasized its value in cybersecurity, particularly the proof-of-work mechanism, which imposes physical costs on attackers and can be applied in both offensive and defensive cyber operations. This marks a significant shift in the Pentagon’s narrative, moving from targeting illicit finance to recognizing Bitcoin as a technology with national security implications. INDOPACOM is not mining Bitcoin but is using the node for monitoring and operational testing. The move signals the U.S. military’s direct participation in the Bitcoin network and reflects growing geopolitical interest in the protocol’s strategic potential.

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US Military Confirms Running Bitcoin Node, Four-Star General Calls It a 'Power Projection Tool'

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Contract Audit Passed, Thermometer Did Not: Polymarket's 'Physical Vulnerability' Moment

According to reports, an individual manipulated temperature sensors at Paris Charles de Gaulle Airport (LFPG) on April 6th and 15th, causing brief, anomalous spikes of over 3°C. These events were allegedly orchestrated to profit from corresponding low-probability bets on the prediction market Polymarket, turning a small investment into approximately $34,000. The French national meteorological service, Météo-France, filed a criminal lawsuit after discovering signs of physical tampering. The attack required minimal technical skill; the perpetrator reportedly used a battery-powered hairdryer to briefly heat the publicly accessible sensor. Polymarket’s market for Paris temperature settles based on the day's highest recorded temperature from a data chain that runs from the physical sensor to Météo-France, to Weather Underground, and finally to its smart contract. In response, Polymarket did not void the profits or make an official statement. It silently changed the data source for its Paris market from LFPG to Le Bourget Airport (LFPB), a location with similarly unprotected sensors. This incident highlights a critical vulnerability: while the smart contracts are audited and secure, the physical data sources feeding them remain exposed and easy to manipulate.

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Contract Audit Passed, Thermometer Did Not: Polymarket's 'Physical Vulnerability' Moment

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X Supports Memes, Is the Meme Season Really Coming?

X has introduced a new "Custom Timeline" feature, allowing Premium users on iOS to pin specific topics—including a dedicated "meme" category—to their main tab. The meme section, represented by a Flork logo, sparked a 17x price surge for the Ethereum-based meme token FLORK. Meme content is crucial for X: 66% of all content with over 100k impressions in 2026 were meme-based, and such content drives significant engagement, especially among users aged 18–34. Memes also influence politics and brand marketing, as seen in Trump’s 2024 campaign and KitKat’s viral response to a theft incident. While the new feature includes a "Cryptocurrency" category, the meme section is designed primarily for high-quality meme content rather than directly promoting meme coins. However, meme coin accounts that focus on organic, engaging content—without explicitly pushing token tickers—may benefit from increased visibility and user conversion through this dedicated timeline.

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X Supports Memes, Is the Meme Season Really Coming?

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Polymarket's "2028 Presidential Election" Volume King Is... LeBron James???

An article from Odaily Planet Daily, authored by Azuma, discusses a peculiar phenomenon observed on the prediction market platform Polymarket regarding the "2028 US Presidential Election" event. Despite having a real-time probability of less than 1%, unlikely candidates such as NBA star LeBron James (with $48.41 million in trading volume), celebrity Kim Kardashian ($33.84 million), and even ineligible figures like Elon Musk ($23.14 million) and New York City Mayor Zohran Mamdani ($18.39 million) account for approximately 70% of the total trading volume. In contrast, high-probability candidates like Vice President JD Vance ($10.58 million), California Governor Gavin Newsom ($15.71 million), and Secretary of State Marco Rubio ($9.32 million) have significantly lower trading activity. The article explains that this counterintuitive trend is not driven by irrational speculation but by rational strategies. Polymarket offers a 4% annualized holding reward for certain markets, including the 2028 election, to maintain long-term pricing accuracy. This yield exceeds the current 5-year US Treasury rate (3.98%), attracting large investors ("whales") to hold "NO" shares on low-probability candidates for risk-free returns. Additionally, some users utilize a platform feature that allows converting a set of "NO" shares into corresponding "YES" shares for better liquidity or pricing efficiency, rather than directly buying "YES" shares for their preferred candidates. Thus, the seemingly absurd trading activity is strategically motivated.

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Polymarket's "2028 Presidential Election" Volume King Is... LeBron James???

marsbit1 h fa

Polymarket's "2028 Presidential Election" Traffic King Is... LeBron James???

An article titled "Polymarket's '2028 Presidential Election' Volume Leader is... LeBron James???" discusses a peculiar trend on the prediction market platform Polymarket. Despite having less than a 1% real-time probability of winning, celebrities like NBA star LeBron James (with $48.41 million in trading volume), Kim Kardashian ($33.84 million), and even ineligible candidates such as Elon Musk ($23.14 million) dominate trading activity for the 2028 U.S. presidential election. In contrast, high-probability candidates like Vice President JD Vance and California Governor Gavin Newsom have significantly lower volumes. The high volumes for unlikely candidates are not driven by irrational betting. Instead, they are largely attributed to users seeking risk-free returns from Polymarket’s 4% annualized holding rewards for certain markets, which exceeds the yield on 5-year U.S. Treasuries. Large holders often simultaneously buy both "YES" and "NO" shares on these candidates to capitalize on this incentive. Additionally, some users purchase "NO" shares for liquidity or pricing advantages and later convert them into "YES" shares for their preferred candidates. Thus, the seemingly absurd trading behavior is rational and strategically motivated.

Odaily星球日报1 h fa

Polymarket's "2028 Presidential Election" Traffic King Is... LeBron James???

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