Heather Morgan, known by her rapper name “Razzlekhan,” and her husband and co-defendant Ilya Lichtenstein, are accused of laundering $4.5 billion in stolen bitcoin. The story has taken another twist. A district court judge signed a protective order in the case, indicating it will involve “classified national security information” that can only be accessed by people with security clearance.

The most notable outcome of the FTX fallout has been the mass withdrawals of BTC and ETH from crypto exchanges into self-custody wallets as the debate on the dependability of centralization fires up. 

The Pantera Bitcoin Fund has bought $137 million worth of bitcoin according to Matthew Gorham, its Chief Operating Officer.

Joe Kelly, CEO of Bitcoin financial services outfit Unchained Capital, said the company will reduce its staff by “roughly 15%” as part of efforts to manage the business during the current crypto bear market.

Tim Draper, the billionaire founder of Draper University, has recently reiterated his bullish stance on the future of Bitcoin (BTC). He also explained why he remains resolute that BTC will surpass $250,000 someday.

One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out at least 5.7% (1.2 million BTC) of the total issuable Bitcoin from circulation.

Peter Schiff, the Chief Economist at Euro Pacific Capital, has been actively fostering Bitcoin (BTC), selling a narrative to his 869K Twitter followers. In a recent tweet, Schiff indicated that a new record had been set after Grayscale’s Bitcoin Trust (GBTC) traded its net asset value at a 46% discount. The prominent Bitcoin skeptic noted that something is “going on” with Bitcoin, adding that the world’s largest cryptocurrency seems to be in “real trouble.” 

While no one knows if El Salvador can hang on to its Bitcoin for five years through at least one inevitable recession, you have to agree it’s a bold move that could pay off.

Unchained Capital reduced its workforce by about 15% and moved its head of business development Parker Lewis to the board of directors as well as chief product officer Will Cole to a senior advisory role.

Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.