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

Finance

Stocks making the biggest moves midday: Brighthouse Financial, Duolingo, Datadog, Snap & more

November 6, 2025

Check out the companies making the biggest moves midday: Brighthouse Financial — The insurance company soared 26% on after it announced it would be bought by Aquarian Capital for $70 per share in cash, or around $4.1 billion. The deal is expected to close next year. Golden Entertainment — The casino operator surged 36% after […]

Finance

Cathie Wood trims her bitcoin bull case on threat of stablecoins taking some market share

November 6, 2025

Ark Invest’s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood, CEO and chief investment officer of Ark, said Thursday on CNBC’s ” […]

Finance

Stocks making the biggest moves premarket: Qualcomm, Warner Bros. Discovery, Papa John’s, Duolingo and more

November 6, 2025

Check out the companies making headlines before the bell: Qualcomm — Shares slipped 1% as Qualcomm expects that it will lose Apple as a customer for its modem business in the coming years. This potential waning opportunity overshadowed Qualcomm’s fiscal fourth-quarter earnings and revenue beat and strong current quarter forecast. Warner Bros. Discovery — Shares […]