1. FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges

📰 The ex-CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government.

📰 His arrest is the first concrete move by regulators to hold individuals accountable for the multibillion-dollar implosion of FTX last month.

📰 Sam Bankman-Fried is expected to be extradited to the United States.

https://www.cnbc.com/2022/12/12/ftx-founder-sam-bankman-fried-arrested-in-the-bahamas-after-us-files-criminal-charges.html

2. U.S. Justice Dept is split over charging Binance as crypto world falters

📰 Some DOJ prosecutors believe evidence justifies filing charges against executives including CEO Zhao

📰 DOJ officials have discussed possible plea deals with Binance's attorneys

📰 Binance is under investigation for possible money laundering and criminal sanctions violations

https://www.reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/

3. Kevin O’Leary Points at Binance for Putting FTX Out of Business

📰 During testimony at the Senate hearing, Patrick Joseph Toomey Jr., the United States senator, asked Kevin O’Leary what he believed to be the cause of FTX’s fall.

📰 O’Leary stated that Binance is a massive, unregulated global monopoly. He also stressed that Binance put FTX out of business. 

https://watcher.guru/news/kevin-oleary-points-at-binance-for-putting-ftx-out-of-business

4. Hong Kong markets watchdog warns of cryptocurrency platform risks

📰 Hong Kong's financial markets watchdog has issued a warning over the risks of online platforms for cryptocurrency and other digital asset deposits.

📰 "Investors are urged to be wary of the potential high risks" associated with so-called "virtual asset arrangements," the Securities and Futures Commission said in a statement.

https://www.bbc.com/news/business-63967298

5. Crypto exchange Binance freezes withdrawals of stablecoin USDC as rattled investors pull $2 billion in funds

📰 Binance temporarily halted withdrawals of the USDC stablecoin on Tuesday.

📰 Customers have pulled over $2 billion in funds in 24 hours as concerns about its stability grow.

📰 Questions about Binance's reserves and a potential investigation are in focus after FTX's collapse.

https://markets.businessinsider.com/news/currencies/crypto-binance-freeze-usdc-withdrawals-changpeng-zhao-cz-ftx-collapse-2022-12

6. Donald Trump's NFT Trading Cards Sell Out, Raise Over $5M

📰 Earlier in the week, Donald Trump teased a "major announcement" on Truth Social. The news turned out to be a Trump-themed NFT collection. 

📰 All 45,000 Donald Trump Trading Card NFTs sold in 12 hours, and people have spent millions trading them on the secondary market.

https://www.cnet.com/culture/donald-trumps-nft-trading-cards-sell-out-raise-over-5m/

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