Oct 10, 2023

"CoinDesk Daily" breaks down the biggest crypto headlines today, including what to expect during the fifth day of Sam Bankman-Fried's criminal trial as Caroline Ellison prepares to take the stand.

Video transcript

A star witness will take the stand at Sam Beman Fried's trial and crypto accounts linked to Hamas are frozen. Welcome to Coins Daily. I'm your host, Michael Casey. Let's take a look at the markets. The coin desk, Bitcoin price XBX index is currently trading flat around $27,500. According to the coin desk market index. The divergence between Bitcoin and Ether continues this week. Bitcoin is near flat week on week, up only 2/10 of a percent while Ether is down substantially falling 5%. The criminal trial of Sam Backman Fried has resumed after a long weekend. Caroline Ellison is expected to testify after the defense finishes their cross examination of FDX co-founder, Gary Wang. Here you can see her arriving at the courthouse in downtown New York City. The former Alameda Research CEO pleaded guilty to federal charges last December in opening arguments. The defense assigned some of the blame to Ellison claiming she failed to install safeguards and Israeli police have reportedly frozen crypto accounts linked to Hamas. The Palestinian militant group launched an attack on Israel over the weekend which has now turned into an all out war. According to a local media outlet. Police worked with crypto exchange Binance to target the accounts. A lawsuit filed against B's CEO CZ by the CFTC in March alleges the firm knew of Hamas transactions on the platform in an email to coin desk. A spokesperson for the B for B said quote, our team has been working in real time around the clock to support ongoing efforts to combat terror financing. We are committed to ensuring the safety and security, not just of the Blockchain ecosystem, but also the global community through our proactive work. And that's a wrap for coins daily. Check out more updates on coins dot com and we'll see you next time.

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