Jul 26, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the latest headlines shaping crypto, including a federal judge considering forbidding “parties and witnesses” in the FTX case from speaking to the media.

Video transcript

Bitcoin dips on fresh finance allegations and an FTX gag order may be on the horizon. You're watching Coindesk Daily. I'm your host, Jenna. Let's take a look at the markets. The coin desk, Bitcoin price XX index is currently trading around $29,000. The price fell this morning after the Wall Street Journal reported that Binance CEO C suggested in a private conversation that the crypto exchanges affiliates had conducted was trading several years ago. Binance dismissed was trading allegations in an email to coin desk. Last week. Bitcoin investment products suffered a $13 million outflow with investors instead favoring smaller cryptocurrencies like Ether and XRP. That's according to data from coin shares. It comes after consecutive weeks of massive inflows as trad giants like Black Rock and Fidelity filed for long coveted spot. Bitcoin ETF S last month. World Coins Token is now live. It's a highly anticipated project co-founded by open A I's Sam Altman. World Coins Token is surging to roughly 30% according to coin gecko data. But us citizens cannot access the token Tiia Saa Tools for Humanity. Head of product and World coin core team member spoke to us on coindesk TV. Earlier about why that's the case is lack of regulatory clarity. Uh We would love uh to be able to offer uh the entire world ecosystem in the US. Uh We try to be super respectful of every country's regulations and so just out of abundance of caution, there are certain parts of the project that are not available in the US. Tokens branded X have popped up on decentralized exchanges after Twitter rebranded to an X symbol Twitter, Ceo Linda Yacono tweeted about the rebrand Sunday saying in part quote, X is the future state of unlimited interactivity centered in audio video messaging payments, banking, creating a global marketplace for ideas, goods, services and opportunities powered by A IX will connect us all in ways we're just beginning to imagine and quote and some red tape for SBF. A federal judge is considering banning parties and witnesses in the FX case from speaking to the media. This comes days after the Department of Justice alleged that FX founder Sam Baman Fried leaked diary entries from four Alameda Ceo Caroline Ellison to the New York Times Bank. Fried's lawyers denied those accusations in a letter to the judge on Sunday. That's a wrap for Coindesk daily. Get more updates on coindesk dot com and we'll see you next time.

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