CZ of Binance said many big four firms do not know how to audit crypto exchanges

Per CNBC: Changpeng Zhao said that Binance has stabilized and is handling withdrawals. CZ said, per CNBC, that $1.14 billion were withdrawed on Tuesday. He added that the deposits have since continued to increase. He added that central exchanges should be 1:1. He also many big four firms

Trump Announces NFTs

Trump, a critic of crypto, has announced an NFT collection. In the announcement, he promises numerous benefits including member benefits including a raffle. There is a commercial: https://twitter.com/unusual_whales/status/1603442427473571841 Trump had said he had a big important announcement on Tuesday of this week. The announcement

NVAX Stock Plunged: Here's What Happened

The Situation Novavax Inc (NASDAQ: NVAX) shares – a biotech company dedicated to developing and commercializing vaccines for infectious diseases – plunged on Thursday after it proposed convertible senior notes. As of 12:00 PM ET, Novavax shares dropped by 19.85%. The Explanation Novavax Inc officially went public on Dec 5,

The Giving Pledge Removes Sam Bankman-Fried' from Its Website: Not Part of Billionaires that Promised to Give Fortunes Away

Per Bloomberg Sam Bankman-Fried is now behind bars in the Bahamas after being denied bail. He was recently removed from the Giving Pledge, a group of billionaires that promised to give their fortunes away. The FTX founder is now behind bars in the Bahamas, and towards the end of

Elon Musk to Take Legal Action Against Jet-Tracking Account Owner After Allegedly Placing His Son at Risk

Per BBC Elon Musk is officially taking legal action against the Twitter account owner that used to track his private jet after an incident that reportedly put his son X at risk. Although the Twitter CEO previously expressed his support for free speech, saying that he didn't agree

The new FTX CEO John J. Ray is currently making $1,300 per hour

This is per CNBC's reporting. CNBC reports that John J Ray, the new CEO of FTX falling SBF's fallout, is currently making $1,300 per hour. There are also additional expenses fees. CNBC projects this is $2.6 million annualized if a standard week is considered.

$META ends $200-a-month Lyft rides perks

Per Business Insider: Meta Parent Company, including Facebook, has done numerous cost cutting measures. aAmong them are to stop $200 per month Lyft rides to and from work. Facebook told Business Insider ( https://www.businessinsider.com/meta-facebook-ends-lyft-ride-perk-employees-cost-cutting-uber-2022-12?international=true&

US Senate has voted to ban TikTok from all government-issued phones

Per Bloomberg: The US Senate has banned TikTok from all government phones. This was unaimously approved by the Senate. It would still need to pass the House, then be signed by Biden. Josh Hawley sponsored the bill. He said: “TikTok is a Trojan Horse for the Chinese Communist Party. It’

CHTR Stock Plunged: Here's What Happened

The Situation Charter Communications Inc (NASDAQ: CHTR) shares – an American telecommunications and mass media company – plunged on Wednesday after announcing an expansion plan that costs more than initial analysts' estimates. As of 12:30 PM, ET Charter shares dropped by 11.76%. The Expansion Charter Communications Inc officially went

Feds Say SBF Used FTX Customer Funds for Political Donations

Per CNBC Sam Bankman-Fried allegedly used FTX customer funds to use as donations to political campaigns. Although publicly donating to the Democrats, he announced that he also made "dark" donations to the Republicans. The Feds charged SBF with misappropriating customer funds in tens of millions of US

SBF Will Spend Time in the Alleged Rat-Infested Only Prison in the Bahamas

Per Yahoo Finance After recently on a Twitter Space call with us, Unusual Whales, within 24 hours, the FTX founder was finally arrested and sent to Bahamas' only prison known for its alleged harsh conditions. Within 24 hours, Sam Bankman-Fried went from living in a $40 million worth

Sam Bankman-Fried could face up to 115 years in prison if convicted on all eight counts against him

Per Bloomberg: SBF has been indicted on 8 criminal charges. They include wire fraud, conspirarcy, securities fraud, and more. It is estimated by Bloomberg that the total time that could be spent in jail would be 115 years total, if indicted on all. Meanwhile, the SEC has charge SBF with

White House says they aren't aware of leaks before CPI data

US officials said that they did not know of any leaks. This is after Bloomberg showed large Treasury buying before the report was released. This unusual movement is hardly uncommon. “I can tell you this: There were no leaks from here,” Jean-Pierre said Tuesday. “I can tell you definitively,

Canada bans crypto leverage and margin trading

Per Reuters: The Canadian Securities Administrators said that crytpo platforms in the country are not allowed to offer margin or leverage trading. This means that, as the CSA stated, crypto is a high risk investment, and they are directly under supervision. The CSA stated: “Custodians will generally be considered qualified

SBF denied bail

Chief Magistrate of the Commonwealth of The Bahamas Joyann Ferguson-Pratt has denied bail for Sam Bankman-Fried. He said SBF posed a flight risk considering his access to “substantial finances”. SBF's next court hearing is the morning of February 8th. See his last interview: unusualwhales.com/sbf-

Lawmakers seek to ban Tiktok from the US

The new bill by Sen. Marco Rubio, the top Republican on the Senate Intelligence Committee, and a bipartisan pair of congressmen in the House, was just introduced. Numerous states have banned TikTok from government phones. The legislation would US citizens from interacting with social media companies made by reported foreign

LATCHW Stock Spiked: Here's What Happened

The Situation Latch Inc (NASDAQ: LTCHW) shares – a company that provides keyless security systems, especially for apartment-style buildings – spiked on Tuesday upon expectations for its earnings report. As of 12:00 PM ET, Latch shares spiked by 47.69%. The Explanation Latch Inc officially went public on June 7,

SBF, FTX, and Alameda Charged for Fraud by the SEC, CFTC, and the US District Attorney for the Southern District of New York

Per SEC The SEC released a press release that they are officially charging Samuel Bankman-Fried (SBF), founder of FTX, with defrauding investors via the trading platform. The CFTC and the US District Attorney's Office for the Southern District of New York are also filing lawsuits against the

Elon Musk's 'Richest Man in the World' Title has been Taken from Him | LVMH CEO Bernard Arnault Now the World's Richest

Per CNBC After briefly losing his title as the "richest man in the world," Elon Musk has lost the title yet again to LVMH CEO Bernard Arnault, who now holds the title. Should the Tesla and now Twitter CEO permanently lose his title, this would make it the

Justin Bieber, Jimmy Fallon, and Other Celebrities are Sued for Alleged Misleading of Followers Into Buying Bored Ape Yacht Club

Per the Class Action Lawsuit via Scribd Shortly after the FTX crash, a class action lawsuit [https://www.scribd.com/document/613412101/Real-v-Yuga-Labs] was filed against multiple celebrities for allegedly misleading their followers into buying the Bored Ape Yacht Club NFT and for pumping its value. The

FTX founders Sam Bankman-Fried and Zixiao “Gary” Wang, along with FTX engineer Nishad Singh and former Alameda Research chief executive Caroline Ellison, used a chat group on Signal called "Wirefraud"

Per AFR: FTX founders Sam Bankman-Fried, Gary Wang,  Nishad Singh and Caroline Ellison, used a chat group on Signal called "Wirefraud," to send secret info about operations in the lead up to FTX collapse. SBF said that he denied that this was true, saying he had never

The SEC has charged SBF with violations of securities laws

The SEC has charged SBF separately with violations of securities laws. They have written: Gurbir Grewal: We commend our law enforcement partners for securing the arrest of Sam Bankman-Fried on federal criminal charges. The SEC has authorized separate charges relating to his violations of securities laws, to be filed

SBF of FTX charged with wire fraud and securities fraud

SBF of FTX has been arrested by the Bahamas police, and the US is likely to request his extradition. New York Times reports that the charges included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering. The full indictment will be released tomorrow, reportedly. See full

SBF of FTX arrested by Bahamas for US

SBF of FTX has been arrested, after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government. Damian Williams, the U.S. Attorney for the Southern District of New York, said on Twitter that the federal government anticipated moving to “unseal

COUP Stock Spiked: Here's What Happened

The Situation Coupa Software Inc stock (NASDAQ: COUP) shares – a global tech platform for Business Spend Management – spiked on Monday after an announcement that Thoma Bravo will buy the company. As of 1:00 PM ET, Coup shares spiked by 26.76%. The Explanation Coupa Software Inc officially went public