The Daily LEO #269 Wall Street Bonuses, FTX Sam At It Again

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Don't look now, but Wall Street bonuses are already trending in the wrong direction

Wall Street, I'm sorry to say your 2023 bonus is already on some shaky ground.

I realize we're not even halfway through the year, but after an awful first quarter, bonuses in plenty of areas of finance are trending in the wrong direction.

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FTX Founder Sam Bankman-Fried Seeks Dismissal of Criminal Charges

FTX founder Sam Bankman-Fried asked a New York federal judge to dismiss most of the criminal case against him, saying the Justice Department brought flawed charges in a rush to indict him after the collapse of the crypto exchange.

Lawyers for Mr. Bankman-Fried, in a series of motions Monday night, requested that many of the counts against their client be tossed out, arguing that some charges violated the terms of his extradition from the Bahamas while others didn’t meet the legal requirements of underlying criminal statutes.

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VCs are investing in these hot areas of climate tech

The government of Italian Prime Minister Giorgia Meloni is readying plans to pull the trigger on a formal exit from China's controversial Belt and Road Initiative (BRI), estimated at having funded $900 billion in infrastructure projects globally.

The past weeks have seen increasing reports that Meloni’s Brothers of Italy party has been spearheading a move away from the BRI, though some within the broader center-right coalition unity government have been on the fence.

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Coinbase legal chief sends letter to SEC on RIA rulemaking

Coinbase’s legal chief has requested the United States Securities and Exchange Commission (SEC) make several revisions to its proposed regulation on the responsibilities of registered investment advisers (RIAs) for storing client assets with qualified custodians.

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Bitcoin Trades at Nearly $650 Premium on Binance.US

The widening discrepancy between the bitcoin price on Binance's U.S. arm and global counterparts has some observers worried about impending legal action directed at the unit.

The gap between bitcoin's price in U.S. dollars (BTC/USD) on prominent digital assets exchanges like Binance and Coinbase and the price on Binance's U.S. arm has widened sharply this month, causing unease among crypto commentators on Twitter.

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Growing Bitcoin transactions highlight Lightning Network’s importance

The popularity of Ordinal Inscriptions on the Bitcoin blockchain has led to skyrocketing transaction fees and memory usage, raising concerns about the future of Bitcoin’s block rewards. As this phenomenon continues to evolve, miner fee revenue has reached levels previously seen only during bull markets.

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Boosting LEO: Exciting Announcements, New Strategies, and a Bright Future

Join us as we explore Taskmaster's recommendations for invigorating the LEO ecosystem, including a smart contract to buy and airdrop LEO to LEO POWER holders and making big announcements around the Leo ads protocol and Leo power APR. In this video...

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