Three Men Harass Sam Bankman-Fried, Accused of Money Laundering and Fraud

• Three men drove their vehicle into a metal barricade outside of Sam Bankman-Fried’s parents‘ house in California
• SBF’s lawyers allege that this incident is part of an ongoing pattern of media scrutiny and harassment
• US authorities have accused SBF of money laundering and fraud in connection with the collapse of FTX

The family of Sam Bankman-Fried, the former CEO of FTX, recently admitted to becoming the target of intense media scrutiny, harassment, and even physical threats. This was after the gigantic crash of FTX caused multi-billion investor losses and turned SBF into one of the most infamous figures in the cryptocurrency space.

The most recent incident occurred when three men drove their vehicle into a metal barricade outside of SBF’s parents‘ house in California. Before leaving the scene, the men threatened, „You won’t be able to keep us out.“ Lawyers for SBF have since confirmed that this was not an isolated incident and part of an ongoing pattern of harassment.

Adding to the intensity of the situation, the US authorities have accused SBF of money laundering and fraud in connection with the collapse of FTX. Although the full extent of SBF’s culpability in the case remains unclear, it is certain that the 30-year-old is one of the most polarizing figures in the cryptocurrency space.

The family of SBF have since issued a statement expressing their profound concern for their safety and appealing to the public to respect their privacy. They have also requested that all media outlets refrain from making any further contact with the family.

The incident is a stark reminder of the power of the media and the potential consequences of unchecked harassment. It is also a reminder of the need for the cryptocurrency space to take a stand against such malicious attacks and to ensure the safety of its members.

Crypto Market Cap Breaks $1 Trillion: Altcoins Surge Double-Digits

• Crypto Market Cap has reached $1 trillion for the first time since the FTX debacle.
• Double-digit price surges from SOL, DOT, MATIC and others have helped the cumulative market cap to increase.
• The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022.

The cryptocurrency market has been on a tear lately, and the collective market capitalization of all digital assets has now topped $1 trillion for the first time since the FTX debacle. This milestone was made possible by double-digit price surges from SOL, DOT, MATIC, and a few more, helping the market cap increase.

The rally from the past two weeks has been impressive, with the largest digital asset, Bitcoin, going from around $16,500 to over $21,000 in just two weeks. This 27% increase has enabled Bitcoin to recover all losses that came from the FTX collapse in November, and to push the market cap to over $400 billion. Altcoins followed in the wake of Bitcoin’s surge, with SOL, DOT, MATIC, Polygon, Avalanche, and others experiencing double-digit gains.

The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. Bitcoin’s price has recovered to more than double of what it was at the start of the year, and the altcoin market has seen a massive boom as well. This, in combination with the increasing institutional and retail interest, has resulted in the market cap of all crypto assets eclipsing the $1 trillion mark for the first time since the FTX debacle.

It remains to be seen if the crypto market can continue its incredible run or if the bull run will eventually come to an end. However, there is no doubt that the start of the year has been nothing short of spectacular and that the crypto market is on track to reach new heights in the near future.

Low Volatility May Signal Incoming Crypto Bull Market: Glassnode Report

• Bitcoin and Ether’s prices and on-chain activity have been experiencing low volatility since the year began.
• Glassnode’s lead analyst suggests that periods of low market activity are often followed by volatility storms.
• The firm released its first on-chain video report of 2023 on Tuesday, analyzing what could be data-based indicators of an incoming crypto bull market.

Bitcoin’s yearly start has been characterized by low volatility and little activity in both the price and on-chain activity according to Glassnode’s first on-chain video report of 2023. The report, released on Tuesday, analyzed what could be data-based indicators of an incoming crypto bull market.

Glassnode’s lead analyst James Check said that Bitcoin had been trading within a roughly $550 range since December 17th, a mere 3.4% trading range for almost a month. He noted that this was „quite remarkable“ and that other periods of low market activity in the past have often been followed by volatility storms.

The report also highlighted that both Bitcoin and Ether’s price and on-chain activity have seen little volatility since the year began. It noted that investors should be aware of the underlying on-chain trends and how they could be used to predict upcoming market movements.

Glassnode’s report pointed out that the last month of 2020 saw a dramatic increase in on-chain activity due to the surge of institutional investors entering the market. In the first week of 2021, Bitcoin’s daily active addresses (DAA) saw a peak of over 1 million. This was the first time that this had happened since February 2020 and was a sign of a rapidly growing network.

The report also noted that the number of Bitcoin whales, or entities that hold large amounts of cryptocurrency, has been steadily increasing since the start of the year. The number of whales with between 100 and 1,000 BTC in their wallets hit a new all-time high of 6,900 on January 11.

The report concluded that the low market activity of the past month may indicate that investors are waiting for the right time to enter the market. It suggested that if the current low volatility continues, it could potentially lead to an explosive bull market in the near future.

Overall, Glassnode’s report provides insight into what could be signs of an upcoming bull market in the cryptocurrency market. Investors should be aware of the underlying on-chain trends and how they could be used to predict upcoming market movements. The low volatility seen in the past month may signal an incoming bull market and investors should be prepared for the volatility that may come with it.