Sam Bankman-Fried, the former CEO of FTX, will testify at his criminal trial, according to his defense lawyers. He is expected to take the stand along with three witnesses after the prosecution completes its case. Meanwhile, Matrixport, a cryptocurrency trading firm, has reiterated its prediction that Bitcoin will reach $45,000 by the end of 2023. The firm cited its successful market forecasts and the excitement around potential approvals of a spot Bitcoin exchange-traded fund (ETF) as reasons for its bullish outlook. In other news, the crypto space has been closely monitoring the Depository Trust and Clearing Corporation’s (DTCC) website for any updates on a spot Bitcoin ETF. The disappearance of the ticker for BlackRock’s ETF caused Bitcoin’s price to drop, indicating the significance of ETF developments. The DTCC’s site even crashed due to the hype surrounding ETFs. However, rumors about the listing of ARK Invest and 21 Shares’ joint spot Bitcoin ETF on the DTCC’s site turned out to be false. It was a case of mistaken identity with the tickers of ARK’s futures ETFs. Overall, these developments highlight the ongoing legal proceedings involving Sam Bankman-Fried, the optimistic Bitcoin price prediction by Matrixport, and the intense focus on spot Bitcoin ETFs in the crypto space.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Caroline Ellison, Nishad Singh, Mark Cohen, Gary Wang, Sam Bankman-Fried |
| Companies | Bitmain, Matrixport, Cointelegraph, FTX, Depository Trust and Clearing Corporation (DTCC) |
| Currencies | Bitcoin |
| Securities | None |
