The rise in overall crypto wealth stands out because it coincides with the industry facing one of the strongest crackdowns in its history. Despite that bleak regulatory outlook, the market cap for digital assets has risen to $1.19 trillion, according to data from CoinMarketCap. The figure stood at about $800 billion at the beginning of 2023.
Former FTX Exec Ryan Salame Asks for 18 Months in Prison
In filings, his attorneys argue that Salame’s role at the shuttered companies was less central to the fraud and more...