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Shiba Inu Flipped Tron to Become the 13th-Largest Cryptocurrency in the World With a Market Cap Surpassing $6B

Zabi
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Shiba Inu Flipped Tron to Become the 13th-Largest Cryptocurrency in the World With a Market Cap Surpassing $6B

Shiba Inu (SHIB) Flipped Tron (TRX) to Become the 13th Biggest Cryptocurrency in the World in Terms of Market Capitalization; Eyes Top 10 Spot.



Rocketing Shiba Inu (SHIB) found itself eyeing to crack the top 10 cryptocurrencies once again as Shiba Inu’s price surged over 43% in the past seven days, CoinMarketCap reports.

The most popular canine-themed token has just managed to flip Tron (TRX) on CoinMarketCap.

In the last seven days, shib has risen over 43%, putting its market cap at more than $6 billion. That puts it a few million ahead of Tron (TRX) and nearly half a million behind stable coins Dai (DAI) in the 12th spot. Shiba Inu needs 4 billion dollars more in market cap to steal the 10th spot from its rival Dogecoin (DOGE).

SHIB, an Ethereum-based spinoff from Dogecoin, has risen rapidly ever since one of the top Ethereum whales labeled “BlueWhale0073″ scooped up a whopping total of 163,286,048,050 (163.28B) SHIB tokens, worth $1,575,710 ($1.57M) on June 22nd (Wednesday), in one noteworthy transaction.

According to the recent tweet from WhaleStats, the second biggest dog-themed cryptocurrency has become the most traded token among the 500 biggest ETH whales as they have exchanged hands with a whopping $638,735,216 ($638.73M) worth of Shiba Inu tokens in the past 24 hours.

Shiba Inu once again is eyeing to crack the top 10 cryptocurrencies. The last time shib beat its rival Dogecoin and cracked the top 10 cryptocurrencies was on October 28, 2021 (8 months ago), when it reached an all-time high (ATH) price of $0.00008845. Over time, the value of Shiba Inu depreciated by over 87% from its all-time high.

At press time, Shiba Inu is trading at the price of $0.00001153, down -2.83% over the last day, with a 24-hour trading volume of $632,010,392. ($632.01M).

Famous Hacktivist Group ‘Anonymous’ Vows to Expose Terra’s Do Kwon’s Shady Dealings

Lele Jima
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Famous Hacktivist Group ‘Anonymous’ Vows to Expose Terra’s Do Kwon’s Shady Dealings

The popular hacking group has decided to investigate all of Kwon’s activities since he entered the crypto space to expose all criminal dealings. 


Popular hacktivist group Anonymous has vowed in a recent YouTube video that it will do everything possible to bring Terra’s Do Kwon’s shady dealings in respect to the crash of the company’s ecosystem tokens – LUNA and UST – to the public.

Anonymous noted that it will expose all fraudulent details about the Terra boss to ensure that “he is brought to justice as soon as possible.”

“Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible, EXPECT US” the pseudonymous hacking group was quoted as saying.

In the video, Anonymous highlighted some of Kwon’s alleged wrongdoings, including the mismanagement of Terra’s funds and the allegation that he cashed out $80 million monthly from the cryptocurrency project before the crash of $UST and $LUNA.

Furthermore, Anonymous also stated Kwon’s role in the collapse of stablecoin Basis Cash, a crypto project that was co-founded by the Terra exec.

The hacktivist group, who sounded displeased in the video, vowed to investigate all of Kwon’s actions since he joined the cryptocurrency space in order to expose all of his shady dealings.

“Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light. There is no doubt that there are many more crimes to be discovered in your trail of destruction” the popular hacktivist group said.

Kwon was also slammed for his arrogant attitude toward other cryptocurrency projects he saw as competitors, with Anonymous saying that the Terra exec acted as he would never fail.

The latest development adds to Kwon’s list of public scrutiny. The public has widely condemned Kwon for the collapse of Terra.

As reported by TheCryptoBasic in May, Do Kwon carelessly said: “95% Of Cryptos Are Gonna Die But There’s Entertainment In Watching Them Die”

Kwon Accused of Causing Terra Crash 

While some people accused the Terra CEO of the main cause of the collapse of the crypto project, others pinned the unfortunate incident on external actors.

However, Kwon has continuously dismissed all reports indicting him and other members of the team for causing the collapse of the Terra ecosystem.

At the moment, TerraForm Labs and its founder are under investigation in South Korea. U.S. authorities have also indicated an interest in investigating the company for fraud and breach of rules.

Kwon has made moves to stop U.S. authorities from launching an investigation into the company’s activities, saying the country does not have the legal right to do so, a move that was recently dismissed by the U.S. Court of Appeal.

Anonymous Major Targets

Meanwhile, Anonymous has become one of the most popular hacking groups globally. Launched in 2014, Anonymous is a decentralized hacktivist focused on attacking government agencies and other popular figures.

It is noteworthy that Kwon is not the only crypto expert that has been called out by Anonymous.

Last year, the hacktivist group fired warning shots at Elon Musk, the CEO of Tesla, for destroying the lives of many crypto investors through his tweets.

220M Shiba Inu Burnt In 24 Hours, 565M In A Week, For First Time Less Than 1B Shib Burned Weekly Since Burn Portal Launch

Zabi
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220M Shiba Inu Burnt In 24 Hours, 565M In A Week, For First Time Less Than 1B Shib Burned Weekly Since Burn Portal Launch

 

Shiba Inu Community fails to burn above 1 billion SHIB tokens in a week for the first time since the launch of the SHIB Burn Portal.



Over half a billion Shiba Inu tokens have been incinerated by the Shiba Inu supporters this week and 220.32 million in the past 24 hours.

Shiba Inu Community fails to maintain its streak of burning 1 billion SHIB tokens in a week. For the first time, Shib Army was unable to burn above 1 billion Shiba Inu tokens since 23rd April 2022 i.e., when SHIB Burn Portal was officially launched by the Shiba Inu team in collaboration with RYOSHI Vision, an official partner token of Shiba Inu ecosystem.

SHIB Burn Portal is designed with an aim to verify the real SHIB Burner projects while rewarding them with RYOSHI Vision tokens in exchange. SHIB Burn Portal proves to be a BIG SUCCESS. During the first two months of launch, the community burned over 55 billion SHIB using the portal.

Data from the tracking platform Shibburn shows that over 565.49 Million Shiba Inu tokens have been burned in the past week.

Among prominent SHIB Burners, Travis Johnson’s SHIB Super Store burns the most canine-themed cryptocurrency in a week, whereas 1Cent Token was the second big Shiba Inu burner. ETH SHIBA token manages to take the third spot on the list.

Travis Johnson’s SHIB Super Store Weekly Burn Event:

Travis Johnson’s SHIB Super Store burns the most Shiba Inu tokens in the last 24 hours. Over 61 million tokens have been removed from circulation forever by the individual project.

On Sunday, Travis Johnson’s SHIB Super Store reported that the individual project has incinerated a total of 61,380,463 (61.38M) SHIB tokens in one significant transaction with the help of SHIB Burn Portal.

The new way to burn SHIB.

To burn Shiba Inu, Shib Community has to sign up for a free trial of Audible, a subsidiary of Amazon which offers the world’s largest selection of audiobooks through SHIB Super Store. In return, the SHIB Super Store will earn $5 per signup as a bounty/reward from Amazon. Johnson has promised to use 100% of the revenues earned from these signups to burn Shiba Inu.

1Cent and ETH SHIBA Weekly Burn Event:

1Cent and ETH SHIBA are the two tokens dedicated to burning Shiba Inu tokens. They both have organized this Week Burn Event on the same date i.e., June 20th (Monday), and burned a whopping total of 102,170,994 (102.17M) SHIB in two separate transactions.

1Cent token has sent 52,170,994 (52.17M) SHIB to the “inferno” address, whereas ETH SHIBA has removed exactly 50 million SHIB tokens from circulation forever.

Past 24-Hour Burn:

Besides weekly burns, the Shiba Inu Community has sent a total of 220,329,573 (220.32M) SHIB tokens to the dead wallets through 17 separate transactions in the last 24 hours with the help of the SHIB Burn Portal, Shibburn.com reports.

Cardano Launches The “Final Candidate For The Mainnet Vasil Release”

Mark Brennan
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Cardano Launches The “Final Candidate For The Mainnet Vasil Release”

The IOG works round the clock to ensure the Vasil upgrade is deployed as scheduled As Cardano Launches New Node in Preparation for Mainnet Vasil Hard Fork.


In preparation for the launch of Vasil Hard Fork, Input Output Global (IOG), the company responsible for Cardano’s research and development, has announced that it has rolled out a new node.

 Efforts in Preparation for Vasil Release

According to the IOG, Cardano node 1.35.0 will be the final candidate for Vasil deployment on the mainnet. Notably, the move marks an essential step toward the launch of the Vasil testnet and mainnet launch.

Following the new Cardano node launch, the IOG said it is close to Vasil’s testnet release, and it has already taken significant steps toward ensuring that everything is on track.

The SPO community has been notified about the release of node 1.35.0, and they are expected to upgrade to the new node in preparation for the Vasil testnet deployment.

“We’ll give testnet SPOs the time they need & as soon as more than 75% of block-producing SPOs on the testnet have upgraded – needed for satisfactory chain density for the hard fork – we’ll submit the testnet update proposal, which will take one complete epoch to take effect,” the IOG added.

The development team noted that the Vasil upgrade is code complete and it has successfully completed Vasil testing on the new Plutus v2 code. In general, Vasil testing has gone relatively smooth, with positive results recorded in performance and costs.

The IOG also teased that it will be announcing more updates regarding the Vasil upgrade this week while commending the efforts made by Cardano developers and the SPO community.

Vasil Upgrade Postponed to Next Month

The Vasil Hard Fork event is an important upgrade for the Cardano blockchain. The upgrade, which was named in honor of long-standing Cardano member Vasil St Dabov, is expected to enhance the network’s performance, especially with smart contract functionality and scaling, as well as other features.

Vasil’s mainnet deployment was initially scheduled to go live this month. However, the IOG postponed the launch to next month, with the testnet release expected to be deployed later this month.

Commenting on why the IOG decided to postpone Vasil’s mainnet launch, Charles Hoskinson, the CEO of IOG, noted that Cardano is trying to avoid the unfortunate circumstances that befell the Terra ecosystem last month.

While he acknowledged that the upgrade was code complete, the team opted to conduct rigorous testing before Vasil eventually went live.

Charles Hoskinson Says Terra ($LUNA) Collapse Is the Major Reason Cardano Team Postponed Vasil Upgrade 

Lele Jima
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Charles Hoskinson Says Terra ($LUNA) Collapse Is the Major Reason Cardano Team Postponed Vasil Upgrade 

Cardano postponed Vasil’s upgrade to prevent the blockchain from experiencing the same fate as Terra. 

Charles Hoskinson, the founder of Cardano, has disclosed the exact reason why the team behind the project decided to postpone the launch of the Vasil Hard Fork Combinator Event (HFCE) to next month.

Speaking in a recent video, Hoskinson said the Cardano team decided to postpone the much-anticipated Vasil upgrade launch because it is trying to avoid a repeat of the Terra incident.

Team Decided to Double Check

Hoskinson noted that developers had completed the code for the Vasil upgrade and everything looked ready for launch, as most projects would have been tempted to roll out the update.

However, he instructed developers to run more tests in order to prevent Cardano from experiencing a similar situation as Terra that resulted in the crash of $LUNA and $UST.

“What happened after the collapse of Terra (LUNA) is that I gave a directive to a lot of the engineers to say we should probably measure three times and cut once, given the nature of things,” Hoskinson was quoted as saying.

Following Hoskinson’s directive, additional tests were added to the Plutius suite, while other tests were also added for quality assurance, which he described as beyond what the team normally does for hard forks.

“After Consensus, we had contact with decentralized application developers and other people and there was a desire to be a bit more inclusive in the quality assurance process and the testing process. So a lot of them said they needed several weeks of testing, to be able to play around with these things,” Hoskinson added.

The development comes a few days after Cardano announced it had rescheduled the launch of the Vasil upgrade to next month.

According to Input Output Global (IOG), the company overseeing the Cardano project, a few minor bugs were discovered at the final stage of the testing.

Cardano Dedicated to Protecting Users

However, the announcement did not come as a shock to many given that Cardano is known for always taking its time in releasing significant upgrades.

Hoskinson previously disclosed that Cardano is committed to protecting investors at all times, which is a major reason why the network’s developers have always encountered delays in releasing significant upgrades.

SEC v. Ripple: Court to Publicly File the Official Transcript of the June 7, 2022 Conference in September 2022

Lele Jima
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SEC v. Ripple: Court to Publicly File the Official Transcript of the June 7, 2022 Conference in September 2022

The Securities and Exchange Commission (SEC) and Ripple have been notified that the Notice of Filing of the official transcript of the June 7, 2022 conference has been filed by the court reporter Kelly Surina. 

The notice is a call to the parties, Ripple and SEC, to propose redactions to selected portions of the transcript before the court makes the transcript public.

Both Ripple and the SEC are requested to submit proposed redactions to the transcript on or before seven days of the notice.

Per the court’s order, Ripple and the SEC will only be allowed to propose redactions to the “following personal data identifiers: Social Security Numbers, date of births, minor names, and financial account numbers.”

The parties are advised to make reference to Civil Procedure rules 5.2 and 49.1 before filing their proposed redactions. After the redaction is filed, the court noted that it will make public the official transcript of the June 7, 2022 conference in 90 days.

Attorney James K. Filan, while sharing the development on his Twitter page, said he expects the official transcript to be made available to the public sooner than expected.

Public Conference Held to End the Dispute Surrounding Hinman’s Documents

It can be recalled that Judge Sarah Netburn scheduled a conference earlier this month for Ripple and the SEC to iron out any issues surrounding the William Hinman document that led to the formulation of the speech.

The document is an integral part of the lawsuit and has attracted lots of fuss in the past months. The document led to a June 14, 2018 speech that prompted Hinman, the former director of the SEC’s Corporation Finance to declare ETH as a non-security.

Ripple has launched several efforts to force the SEC to surrender the document, but the agency is in no mood to grant the blockchain company unrestricted access to it.

Despite being ordered to surrender the documents, the SEC launched another bid to keep them. This time, it claimed the document is protected by attorney-client privilege.

According to the SEC, Hinman received legal advice from SEC’s attorneys while preparing the document.

Interestingly, Judge Netburn, during the conference, did not share the same sentiment, as she believes the SEC is only using the attorney-client assertion to keep the documents away from Ripple.

John Bollinger Interested in Trading on Binance.US After the Exchange Announced Zero-Fee Bitcoin (BTC) Trading

Lele Jima
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John Bollinger Interested in Trading on Binance.US After the Exchange Announced Zero-Fee Bitcoin (BTC) Trading

The founder of Bollinger Bands says he is interested in trading on Binance.US following the exchange’s zero-fees for BTC trading.  

John Bollinger, an American author and financial analyst, said Binance.US is planning to disrupt cryptocurrency trading following the crypto exchange’s implementation of zero-fees on BTC trading pairs.

According to a tweet made by the veteran financial analyst, the United States arm of the world’s largest cryptocurrency exchange is also planning to expand the offering to other tokens in the near future.

Following Binance.US’ support for zero-fee trading, Bollinger noted that the move is interesting and he is tempted to explore the feature.

“Looks like #Binance wants to disrupt crypto trading by offering no fee trading on $BTCUSD with more tokens to follow. This should be interesting. I think I will try it out,” Bollinger said.

Bollinger’s Contributions to Financial Assets Trading

Bollinger is the creator of the Bollinger Bands, a trading trend that offers insights into financial instruments’ prices and volatility.

He is considered a major contributor to the field of Technical Analyst (TA) and has been involved in the creation of useful trends to support the trading of financial instruments.

Binance.US Launches Zero-Fee Bitcoin Trading

Recall that earlier this week, Binance.US CEO Brian Shroder announced that the exchange had removed trading fees for Bitcoin spot market trades.

“We see this as an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and better support our market and customers in a time of need,” Shroder noted in a tweet.

While Binance’s removal of trading fees for BTC pairs is commendable, the move has further piled pressure on U.S.-based exchanges, which have been negatively impacted by the recent crypto crash.

Coinbase and Gemini had already announced a massive layoff of their employees in a bid to cope with the massive price decline of cryptocurrency assets.

Binance Takes the Lead in the Crypto Market

Interestingly, Binance has been setting the pace in the cryptocurrency industry, showing investors that it is committed to coming through for them in turbulent times.

As reported while other exchanges announced massive layoffs, Binance Global CEO, Changpeng Zhao noted that the company will recruit 2,000 staff, who will continue to offer quality services to their clients.

CZ noted in a recent statement:

“With our position as one of the largest industry players with healthy cash reserves, we have a duty to protect users. We also have a responsibility to help industry players survive and hopefully thrive.”

Goldman Sachs Reportedly Planning to Buy Celsius Network’s Crypto Assets in the Event of a Bankruptcy Filing 

Lele Jima
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0
Goldman Sachs Reportedly Planning to Buy Celsius Network’s Crypto Assets in the Event of a Bankruptcy Filing 

The popular investment banking company is reportedly preparing to take advantage of the Celsius Network situation and acquire the lending platform’s assets for a discount. 

According to people familiar with the matter, Goldman Sachs is planning to raise $2 billion from investors, as it makes adequate preparations to purchase Celsius Network’s assets at discounted prices should the company file for bankruptcy.

Sources told the Wall Street Journal (WSJ) that Goldman Sachs has already approached top web3 crypto funds and other funds that are specialists in acquiring distressed assets, as well as traditional financial institutions, for the deal.

In the event that Celsius Network files for bankruptcy, Goldman Sachs expects the company to sell cryptocurrencies under its custody at a relatively cheap rate.

Celsius Expected to File for Bankruptcy

Per the WSJ report, there is a tendency that Celsius Network will file for bankruptcy in the coming weeks as the company has already made significant moves toward that effect.

Celsius Network has tapped the services of restructuring consultants from Alvarez & Marsal, who are expected to give their professional advice on a possible bankruptcy filing.

WSJ also reports that Celsius Network has also hired the services of restructuring legal experts from law firm Akin Gump Strauss Hauer & Feld.  Earlier this month, the WSJ reported that Celsius also sought possible solutions to its troubles from Goldman Sachs Citigroup, which recommended that the company file for bankruptcy.

Celsius Network Woes 

Celsius Network, the popular crypto lending platform, has been undergoing a major crisis since the beginning of the month, thus prompting the company to freeze withdrawals, swaps, and transfers citing high market volatility.

As of October 2021, Celsius had over $25 billion in assets under management (AUM). However, the value of Celsius’ AUM fell significantly to $11 billion in May, following the crash of cryptocurrency prices.

Crypto Investors Are Positive About the Development

Meanwhile, news of Goldman Sachs planning to acquire Celsius Network’s assets despite the negative reports surrounding the unfortunate circumstances the crypto lending platform found itself is perceived as a positive development in the cryptocurrency space.

“Seriously, nothing signals crypto is here to stay other than Goldman getting in by buying one of the shadiest crypto lending platforms in the industry,” a Twitter user commented.

The tweet prompted a reaction from attorney John Deaton, a lawyer granted Amici status in the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC).

Attorney John Deaton Slams SEC Chairman for Having “So Much Contempt” for Ripple and XRP Investors 

Mark Brennan
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Attorney John Deaton Slams SEC Chairman for Having “So Much Contempt” for Ripple and XRP Investors 

The outspoken legal practitioner faults the SEC for having contempt for Ripple, which has continued to affect XRP investors. 

Following the Securities and Exchange Commission’s opposition to Amici’s request to participate in the upcoming Daubert challenge on behalf of XRP investors, attorney John Deaton believes the agency has deviated from its mission of protecting investors.

In a recent tweet, attorney Deaton lashed out at SEC chair Gary Gensler for having so much contempt for Ripple and its investors to the point that he has refused to take into consideration its mission of keeping investors safe.

“Think about [it]. The mission is to protect investors. I don’t have 6 investors. Not 60. Not 600. Not 6,000. Not just 60,000. But 68,100 individual investors have asked to be heard. @GaryGensler has so much contempt for us that he didn’t even have a low level assistant respond,” attorney Deaton tweeted.

 XRP Investors Victimized in Lawsuit

XRP investors have been the victim of the ongoing lawsuit between the blockchain company and the SEC. During the build-up of the charges against Ripple, XRP was trading around $3 and was also in a neck-to-neck battle with Ethereum (ETH) over which crypto asset would become the second-largest cryptocurrency.

However, the Ethereum free pass speech made on June 14, 2018, by the SEC’s former Director of Corporation Finance William Hinman put an end to that competition, as ETH surpassed XRP in market capitalization.

At that point, it became obvious that it was only a matter of time before the SEC would sue Ripple for breaching its securities laws via its offering.

Truly, XRP investors were given an early Christmas present when the SEC sued Ripple for conducting unregistered security offering in the United States in 2013 that saw it raise $1.3 billion.

At the moment, the XRP has fallen 89% since it peaked at an all-time high of $3.4 in 2018, thus plunging investors into a severe loss.

SEC Objects to Amici’s Participation in the Lawsuit

It is noteworthy that recently, attorney Deaton took advantage of his amici status to request to represent 67,000 XRP holders in the upcoming expert testimony.

The SEC’s expert referred to as Mr. Patrick Doody, is expected to state the intent of XRP investors that prompted their investment in the cryptocurrency.

Interestingly, attorney Deaton had requested to represent thousands of XRP investors in the upcoming challenge, a move that was opposed by the SEC.

The SEC also requested that its objection to amici participation in the lawsuit should be sealed in a bid to protect the expert from further harassment and threats.

Crypto-Billionaire Stand Firm On His Bitcoin $250K Prediction Says “I Am More Convinced Than Ever That it’s Happening”

Mark Brennan
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Crypto-Billionaire Stand Firm On His Bitcoin $250K Prediction Says “I Am More Convinced Than Ever That it’s Happening”

 

Tim Draper predicts cryptocurrencies will double by 2023. He’s hardly the only crypto billionaire whistle-blowing.



In a January interview with Forbes, Tim Draper, a venture entrepreneur, predicted that Bitcoin would reach a stunning $250,000 within a year. During this period, Bitcoin was trading at about $41,000 per coin.

Apparently, Draper’s forecast isn’t happening. Bitcoin dropped from $47,000 on New Year’s Day to roughly $20,000 since then. He’s one of four crypto magnates who lost billions in the cryptocurrency meltdown, but the ex-billionaire remains undeterred. 

Forbes again contacted Tim Draper via email for his previous prediction but the Former crypto-billionaire says he is 100% certain Bitcoin will reach $250K:

“I am more convinced than ever that it is happening, By late 2022 or early 2023.”

After a precipitous decline from $32,000 in the wake of a bearish flag breakthrough, the downward trend in Bitcoin’s price has been stopped. Strong support is being provided by the range of all-time highs in 2017 between $17,000 and $20,000, contributing to a price comeback towards the big resistance level at $24,000 or maybe even $30,000.

Over the course of the last several months, the market has been experiencing a protracted and severe downward trend, and this price collapse has had a significant impact on investors’ attitudes. 

It is absolutely pessimistic, and it is accompanied by negative financing rates in the market for perpetual futures, which indicates that traders are actively shorting BTC because they continually anticipate lower prices.

What Determines Bitcoin’s Worth

Supply and demand impact Bitcoin’s price, just like any other asset. In 2016, India’s banknote demonetization boosted Bitcoin’s value. In India, bitcoin was 20% more expensive than elsewhere. The 2019 bull run may be tied to Facebook’s Libra project announcement. The bull runs lost steam as word of Libra’s strict regulations spread. Bitcoin heavy-bag holders are called Bitcoin Whales. They have thousands of BTC, enough to make daily price moves.

Losses Of Crypto Billionaires

There are eleven individuals who collectively lost a total of $61 billion in cryptocurrency since the beginning of March, making their losses the most in the industry. There are now just seven people who are billionaires.

After losing 57% of his fortune and no longer being a billionaire, Fred Ehrsam, co-founder and former president of cryptocurrency exchange Coinbase, argues that the market crisis is nothing more than growing pains. The 34 years old, had a net worth of $2.1 billion in March but it has since dropped to an estimated $900 million.

The fortunes of Bitcoin investors Tyler and Cameron Winklevoss, who are twin brothers, have also taken a significant hit, falling from an estimated $4 billion in March to $3.2 billion currently.

CZ, the CEO of Binance, was ranked as the 19th wealthiest person on the planet, with an estimated worth of $65 billion. It is now believed that he has a net worth of $18.7 billion.

FTX CEO Bankman-Fried’s worth Fell from $24 billion to $20 billion.

The total amount that MicroStrategy spent to accumulate Bitcoin was around $3.96 billion. At the time of this writing, the recent drop in the value of Bitcoin has resulted in a loss of one billion dollars for MicroStrategy.

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