Welcome to Extreme Investor Network, where we provide you with the latest updates and insights on the stock market, trading, and all things related to Wall Street. Today, we bring you some exclusive news that you won’t find anywhere else.
BlackRock’s Cryptocurrency Move
It seems that institutional investors are increasingly turning their attention towards the cryptocurrency space. BlackRock’s recent purchase is a clear indication of this trend, especially following the recent US Fed rate cut. If the US Fed maintains its dovish stance in Q4, we can expect more institutional investors to enter the crypto space, which could potentially boost liquidity and market confidence in the coming weeks.
FTX Fraudster Sentenced
In a groundbreaking legal development, former Alameda Research CEO, Caroline Ellison, has been sentenced to two years in prison and ordered to forfeit a staggering $11 billion for her involvement in the collapse of FTX, a once-prominent cryptocurrency exchange. Ellison played a crucial role in providing information that led to the conviction of FTX founder, Sam Bankman-Fried. This sentencing serves as a stark reminder of the consequences of fraudulent activities within the crypto space and highlights the importance of stringent compliance measures for exchanges and investors.
ByBit Bull Traders Drive Farcana to the Top
Following the US Federal Reserve’s interest rate cut, investor confidence in cryptocurrencies has soared. ByBit traders have been particularly bullish on Farcana (FAR), a bitcoin shooter game that offers a unique blend of gaming and decentralized finance services. With the announcement of a staking program offering competitive rewards, Farcana has quickly risen to become one of the most-traded assets on ByBit. This highlights the growing interest in innovative projects within the crypto space and hints at a potentially bullish market cycle in Q4.
Stay tuned to Extreme Investor Network for more exclusive updates and insights on the ever-evolving world of trading, Wall Street, and beyond. Subscribe to our newsletter to receive the latest news directly to your inbox.