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The Daily LEO #269 Wall Street Bonuses, FTX Sam At It Again by bitcoinflood

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @bitcoinflood · (edited)
$36.34
The Daily LEO #269 Wall Street Bonuses, FTX Sam At It Again
![](https://images.ecency.com/DQmPuN2ibcENnszBxMWKNzrrZcvCddZ16qg1CqvwDMSMsah/269.jpg)

Welcome to this edition of The Daily LEO! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space. 

Be sure to follow @thedailyleo so you never miss the Daily LEO. You can also subscribe to the newsletter here [Subscribe to the Daily LEO](https://leofinance.substack.com/)


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**[Don't look now, but Wall Street bonuses are already trending in the wrong direction](https://www.businessinsider.com/wall-street-bonuses-investment-banking-trading-asset-management-2023-5)**

Wall Street, I'm sorry to say your 2023 bonus is already on some shaky ground.

I realize we're not even halfway through the year, but after an awful first quarter, bonuses in plenty of [areas of finance are trending in the wrong direction.](https://www.businessinsider.com/wall-street-bonuses-investment-banking-trading-asset-management-2023-5)


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**[FTX Founder Sam Bankman-Fried Seeks Dismissal of Criminal Charges](https://www.wsj.com/articles/ftx-founder-sam-bankman-fried-seeks-dismissal-of-criminal-charges-19fe469b?mod=markets_lead_pos2)**

FTX founder Sam Bankman-Fried asked a New York federal judge to dismiss most of the criminal case against him, saying the Justice Department brought flawed charges in a rush to indict him after the collapse of the crypto exchange. 

Lawyers for Mr. Bankman-Fried, in a series of motions Monday night, requested that many of the counts against their client be tossed out, arguing that some charges violated the terms of his extradition from the Bahamas while others [didn’t meet the legal requirements of underlying criminal statutes.](https://www.wsj.com/articles/ftx-founder-sam-bankman-fried-seeks-dismissal-of-criminal-charges-19fe469b?mod=markets_lead_pos2)

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**[VCs are investing in these hot areas of climate tech](https://www.zerohedge.com/geopolitical/italys-meloni-pull-trigger-belt-road-exit-major-blow-china)**

The government of Italian Prime Minister Giorgia Meloni is readying plans to pull the trigger on a formal exit from China's controversial Belt and Road Initiative (BRI), estimated at having funded $900 billion in infrastructure projects globally.

The past weeks have seen increasing reports that Meloni’s Brothers of Italy party has been spearheading a move away from the BRI, though some within the broader [center-right coalition unity government have been on the fence.](https://www.zerohedge.com/geopolitical/italys-meloni-pull-trigger-belt-road-exit-major-blow-china)


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**[Coinbase legal chief sends letter to SEC on RIA rulemaking](https://cointelegraph.com/news/coinbase-legal-chief-sends-letter-to-sec-on-ria-rulemaking)**

Coinbase’s legal chief has requested the United States Securities and Exchange Commission (SEC) make several revisions to its proposed regulation on the responsibilities of registered investment advisers (RIAs) for [storing client assets with qualified custodians.](https://cointelegraph.com/news/coinbase-legal-chief-sends-letter-to-sec-on-ria-rulemaking)

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**[Bitcoin Trades at Nearly $650 Premium on Binance.US](https://www.coindesk.com/markets/2023/05/09/bitcoin-trades-at-nearly-700-premium-on-binanceus/)**

The widening discrepancy between the bitcoin price on Binance's U.S. arm and global counterparts has some observers worried about impending legal action directed at the unit. 

The gap between bitcoin's price in U.S. dollars (BTC/USD) on prominent digital assets exchanges like Binance and Coinbase and the price on Binance's U.S. arm has widened sharply this month, [causing unease among crypto commentators on Twitter.](https://www.coindesk.com/markets/2023/05/09/bitcoin-trades-at-nearly-700-premium-on-binanceus/)

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**[Growing Bitcoin transactions highlight Lightning Network’s importance](https://cryptoslate.com/growing-bitcoin-transactions-highlight-importance-of-lightning-network/)**

The popularity of Ordinal Inscriptions on the Bitcoin blockchain has led to skyrocketing transaction fees and memory usage, raising concerns about the future of Bitcoin’s block rewards. As this phenomenon continues to evolve, miner fee revenue [has reached levels previously seen only during bull markets.](https://cryptoslate.com/growing-bitcoin-transactions-highlight-importance-of-lightning-network/)


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<sbr>

**[Boosting LEO: Exciting Announcements, New Strategies, and a Bright Future](https://leofinance.io/posts/leofinance/hxsvwgwh)**

Join us as we explore Taskmaster's recommendations for invigorating the LEO ecosystem, including a smart contract to buy and airdrop LEO to LEO POWER holders and making big announcements around the Leo [ads protocol and Leo power APR. In this video...](https://leofinance.io/posts/leofinance/hxsvwgwh)
***

<sbr>

**LeoFinance** is a blockchain-based social media platform for Crypto & Finance content creators. Our [tokenized app](https://leofinance.io) allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

### Subscribe to [The Daily Leo](https://leofinance.substack.com/) and start being up to date with the crypto & finance world!

<sub>This edition of **The Daily Leo** was published by @bitcoinflood on [Leo Finance](https://leofinance.io), read the original article [here](https://leofinance.io/posts/bitcoinflood/wall-street-bonuses-ftx-sam) </sub>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/posts/bitcoinflood/wall-street-bonuses-ftx-sam)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 507 others
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vote details (572)
@idiosyncratic1 · 
BRC-20 is a nice update but also unnecessary. I think Bitcoin can stay as the gold of crypto
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@katerinaramm · 
It will be interesting to see how the Bitcoin situation evolves over time.
Never a boring day in the space, that's for sure :)
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@reeta0119 · 
I like the way coinbase has been chasing SEC for the clarification and waiting to see when and what SEC responds. It's going to be interesting.
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@esecholito · 
It would be nice if the SECC would just get out of crypto's way.
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@skiptvads · 
Its sad but not a surprise that Sam and those who are responsible for the FTX crash wont go to jail, may be no body ends up in jail and call it a day, I know two persons who lost substantial amounts, you just cant trust any centralize entity anymore
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👍  
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@bitcoinflood · 
It's pretty crazy what you can get away with if you have boat loads of money sadly. It's a running "joke" but it's so true
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@tokenizedsociety · 
I wonder if this craze around Ordinals will last or will fade as quickly as it's started
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@uyobong · 
 he news focusing on Leofinance and the strategies towards making the value of LEO sustainably go up is an interesting one. When implemented, it will be another great step to draw more investors to the LEO economy.
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