Bitcoin24h $75,311.08+8.41%

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Citadel Securities discloses hefty stake in struggling Silvergate

Citadel Securities bought over 1.6 million shares in struggling crypto-friendly bank Silvergate at the end of last year, filings show.

Robinhood struggles continue, SBF shares up in the air

Sam Bankman-Fried’s Robinhood shares could cause a major price meltdown, unless the DoJ or liquidators agree to sell them back to the firm.

The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.

Crypto firm Paxos has stopped minting BUSD amid regulatory scrutiny, prompting its partner PayPal to back out of its own stablecoin launch.

Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.