> BANKMAN-FRIED SEEKS TRUMP PARDON AFTER FTX COLLAPSE
FTX CO-FOUNDER SAM BANKMAN-FRIED HAS FORMALLY APPLIED FOR A PRESIDENTIAL PARDON AFTER HIS 2024 CONVICTION FOR FRAUD TIED TO THE $10 BILLION COLLAPSE OF FTX. HE SUBMITTED THE REQUEST TO THE JUSTICE DEPARTMENT’S PARDON ATTORNEY OFFICE, SEEKING RELIEF AFTER SENTENCING. BANKMAN-FRIED, SERVING A 25-YEAR TERM, WAS CONVICTED OF ORCHESTRATING THE SCHEME AFFECTING CUSTOMERS AND INVESTORS. THE WHITE HOUSE AND HIS REPRESENTATIVES DID NOT IMMEDIATELY COMMENT ON THE FILING.
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FTX CO-FOUNDER SAM BANKMAN-FRIED HAS FORMALLY APPLIED FOR A PRESIDENTIAL PARDON AFTER HIS 2024 CONVICTION FOR FRAUD TIED TO THE $10 BILLION COLLAPSE OF FTX. HE SUBMITTED THE REQUEST TO THE JUSTICE DEPARTMENT’S PARDON ATTORNEY OFFICE, SEEKING RELIEF AFTER SENTENCING. BANKMAN-FRIED, SERVING A 25-YEAR TERM, WAS CONVICTED OF ORCHESTRATING THE SCHEME AFFECTING CUSTOMERS AND INVESTORS. THE WHITE HOUSE AND HIS REPRESENTATIVES DID NOT IMMEDIATELY COMMENT ON THE FILING.
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> GOLDMAN SACHS AND JPMORGAN ARE EXPLORING WAYS TO TRADE ON THE COST OF COMPUTING POWER - THE INFORMATION
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> FED RATE HIKE BETS RISE AS DATA STRENGTHENS
SCHWAB’S COLLIN MARTIN SAYS STRONGER U.S. JOBS DATA AND PERSISTENT INFLATION ARE LOWERING THE BAR FOR A FEDERAL RESERVE RATE HIKE, WITH MARKETS NOW PRICING IN POTENTIAL TIGHTENING BY YEAR-END. HE EXPECTS AN EXTENDED PAUSE BUT WARNS THE FED COULD SHIFT TOWARD A MORE HAWKISH STANCE IF TRENDS PERSIST, THOUGH A FULL HIKING CYCLE REMAINS UNLIKELY.
PREDICTION MARKETS SHOW RISING ODDS OF A HIKE, WITH 55% BEFORE 2027 AND 87% BEFORE 2028.
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SCHWAB’S COLLIN MARTIN SAYS STRONGER U.S. JOBS DATA AND PERSISTENT INFLATION ARE LOWERING THE BAR FOR A FEDERAL RESERVE RATE HIKE, WITH MARKETS NOW PRICING IN POTENTIAL TIGHTENING BY YEAR-END. HE EXPECTS AN EXTENDED PAUSE BUT WARNS THE FED COULD SHIFT TOWARD A MORE HAWKISH STANCE IF TRENDS PERSIST, THOUGH A FULL HIKING CYCLE REMAINS UNLIKELY.
PREDICTION MARKETS SHOW RISING ODDS OF A HIKE, WITH 55% BEFORE 2027 AND 87% BEFORE 2028.
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> CFTC SCRAPS PLAN TO SHARE OFFICE SPACE WITH THE SEC AND WILL EXTEND ITS WASHINGTON LEASE FOR ANOTHER FIVE YEARS
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