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📢 FTX co-founder Gary Wang testifies in Sam Bankman-Fried's trial, revealing Alameda's $100 million debt to FTX and special privileges allowing the crypto hedge fund to spend $8 billion of exchange customers' money. Wang claims he wrote the code enabling this spending under Bankman-Fried's direction. The trial continues with former Alameda Research CEO Caroline Ellison expected to testify later this week. What are your thoughts on these revelations? 💬 Let's discuss below!

📢 FTX co-founder Gary Wang testifies in Sam Bankman-Fried's trial, revealing Alameda's $100 million debt to FTX and special privileges allowing the crypto hedge fund to spend $8 billion of exchange customers' money. Wang claims he wrote the code enabling this spending under Bankman-Fried's direction. The trial continues with former Alameda Research CEO Caroline Ellison expected to testify later this week. What are your thoughts on these revelations? 💬 Let's discuss below!

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📣 LocalMonero, a popular peer-to-peer exchange for privacy coin Monero (XMR), is shutting down! The platform, known for its limited KYC requirements, has been a key player in the Monero ecosystem for nearly seven years. This closure follows a trend of P2P crypto trading platforms winding down due to increasing regulatory pressures. With exchanges like OKX, Binance, and Coinbase delisting privacy-preserving tokens, where can Monero enthusiasts turn to now? Alternatives include the Bisq network, Kraken (with country restrictions), and upcoming decentralized exchanges Haveno and Serai. Let's discuss - where do you think the future of privacy coins lies? 💬👇
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📉 Coinbase shares dipped nearly 8% to $202.49 following a report that the Chicago Mercantile Exchange (CME) may soon offer spot bitcoin trading. Despite this, the crypto market is up, with the CoinDesk 20 Index showing a 0.91% increase over the past 24 hours. Bitcoin also saw a rise, up by half a percent. The potential move by CME, the largest futures exchange globally, could shift the balance of trust in the crypto exchange market. CME is already the biggest bitcoin futures exchange in the U.S. and is seen as a "systemically important financial market utility" by regulators. What do you think this means for the future of crypto trading? Share your thoughts below! 👇
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