FTX’s Gary Wang, Alameda’s Caroline Ellison plead guilty to federal fees, cooperating with prosecutors

FTX’s Gary Wang, Alameda’s Caroline Ellison plead guilty to federal fees, cooperating with prosecutors


Key Factors
  • FTX co-founder Gary Wang and former Alameda Exploration co-CEO Caroline Ellison the two pleaded responsible to federal costs in the Southern District of New York.
  • At the same time, the two the Commodity Futures Buying and selling Fee and Securities and Exchange Fee launched civil problems from them.
  • Ellison, 28, and Wang, 29, turn out to be the 2nd and 3rd individuals to be billed in link with FTX’s multibillion-dollar collapse. Bankman-Fried, 30, was indicted in federal courtroom earlier this month.



Supply

China EVs in 2026 look less like a boom and more like a survival test as global expansion ramps up
Finance

China EVs in 2026 look less like a boom and more like a survival test as global expansion ramps up

Key Points China’s new energy vehicle market is set to see more price competition next year as overall growth slows, analysts predict. Domestic saturation is pushing Chinese automakers such as BYD to expand overseas, including opening local factories. Foreign carmakers still see opportunity, but competition is tightening fast. Source

Read More
Stocks making the biggest moves midday: Nvidia, Ultragenyx Pharmaceutical, Newmont, DigitalBridge & more
Finance

Stocks making the biggest moves midday: Nvidia, Ultragenyx Pharmaceutical, Newmont, DigitalBridge & more

Check out some of the stocks making the biggest moves in midday trading. Ultragenyx Pharmaceutical – Shares cratered more than 40% after Ultragenyx announced that its bone disease drug setrusumab fell short of expectations in two trials. “Neither study achieved its primary endpoint of reduction in annualized clinical fracture rate compared to placebo or bisphosphonates,” […]

Read More
Silver tops for first time, then stages dramatic reversal overnight
Finance

Silver tops $80 for first time, then stages dramatic reversal overnight

Key Points Silver slid more than 3% on Monday, after topping $80 for the first time ever in overnight trading. The precious metal was still higher by more than 155% year to date. It started 2025 trading above just $20 per ounce. That has helped the precious metal outperform even gold this year. Source

Read More
Powered by WordPress | WP Magazine by WP Mag Plus