Cryptocurrency Analysis and News Portal
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the
Read More
Bitcoin's 25-delta one-month call-put skew, which assesses the relative price of calls versus puts expiring in four weeks, has risen above 10%, reaching the highest since April 2021, according to data tracked by Amberdata. In other words, demand for calls or bullish bets is outpacing puts, offering downside protection. Source
Read More
Lawyers representing the $116 million Mango Markets exploiter have convinced a judge to postpone the fraud trial until April 8, 2023.Avraham Eisenberg’s fraud trial was set to commence on Dec. 4 but several circumstances impacted his trial preparations, according to his lawyers, who filed a successful motion for a continuance
Read More
Eisenberg's trial schedule was moving nearly as speedily until late October, when the Bureau of Prisons moved him from a New Jersey federal jail to Brookyln's more restrictive Metropolitan Detention Center, hampering defense lawyers' efforts to prepare for his December 8 trial date, according to a filing. Original Source
Read More
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said. Original Source
Read More
Trading volumes slumped 55% on Tuesday compared to Monday in a sudden market shift, data shows. Source
Read More
Kirkland & Ellis is currently the legal representative of many crypto exchanges that are faced with bankruptcy. Legal advisor Kirkland & Ellis has charged bankrupt crypto brokerage firm Voyager Digital the sum of $1.1 million in legal fees for their work in April. The fund is for fees and expenses related to
Read More
Bankrupt crypto brokerage Voyager Digital is obligated to pay $1.1 million to its legal adviser, Kirkland & Ellis, for fees and expenses associated with its involvement in the company’s bankruptcy proceedings in April.According to the available documents, Kirkland & Ellis law firm implemented a blended hourly billing rate of $1,313.18
Read More
Some of the firm’s attorneys billed Voyager upwards of $150,000 for their work during the month. Original Source
Read More
The company, whose customers use the platform to trade stocks, options and crypto, made cuts as it adjusts to a slowdown in customer trading activity, the WSJ said. The number of active traders had dropped to fewer than 11 million in May, down from a peak of 21 million a
Read More