MNNC Group, a fund with ties to Sam Bankman-Fried’s former crypto empire, has raised over $100 million, according to COO Ayesha Kiani.
Craig Wright, who has long claimed to be Bitcoin’s creator, Satoshi Nakamoto, received a one-year suspended sentence from a UK court for violating a High Court order.
The crypto space is abuzz with speculation over reports that Donald Trump may consider leveraging the U.S. Exchange Stabilization Fund (ESF) to establish a strategic Bitcoin reserve.
The crypto market continues its downward trajectory this week. Over the past 24 hours, Bitcoin has dropped 7.3% to $94,662, while Ethereum plunged 13% to $3,213. Altcoins have faced even steeper declines: Solana fell 14%, Cardano dropped 18%, and XRP, Ripple’s flagship token, tanked nearly 13%.
BlackRock has stirred unease in the Bitcoin community with a subtle yet striking line in its recent Bitcoin explainer video.
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