Matt Levine’s Money Stuff: Slorg Is Sorry Slerf Was Burnt
Crypto knowledge, FTX image rehab, the Elon Musk theory of corporate governance, meme stock governance, AI washing and wine dinners.
Crypto knowledge, FTX image rehab, the Elon Musk theory of corporate governance, meme stock governance, AI washing and wine dinners.
Crypto exchange <-bsp-bb-link state="{"bbHref":"bbg://securities/1488640D%20SJ%20Equity","_id":"0000018e-56a8-d509-adee-5ff988040000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">BitMEX-bsp-bb-link> said it is investigating unusual trading activity, including possible misconduct, that led to a flash crash in Bitcoin on its platform yesterday.
Congressional leaders and the White House reached a handshake deal to fund the US government through Sept. 30, according to people familiar with the negotiations, after six months of bitter ideological clashes delayed finishing an annual spending plan.
Adani Group companies haven’t received any notice from the <-bsp-bb-link state="{"bbHref":"bbg://securities/4131761Z%20US%20Equity","_id":"0000018e-5427-d509-adee-5df79d730000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">US Department of Justice-bsp-bb-link> regarding a probe into whether the Indian conglomerate may have engaged in bribery, according to exchange filings.
A federal judge in Utah took the extremely unusual step of sanctioning the <-bsp-bb-link state="{"bbHref":"bbg://securities/13165Z%20US%20Equity","_id":"0000018e-5445-d509-adee-5dd546400000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Securities and Exchange Commission-bsp-bb-link>, saying that the regulator abused its authority in a case against crypto platform Digital Licensing Inc., known as DEBT Box.
HSBC Securities USA Inc. must proceed to trial on some claims by an ex-trader who alleged he was fired in retaliation for repeatedly reporting coworkers for engaging in an illegal form of trading and for confronting a colleague about trading ahead of a purchase order for Steve Cohen’s <-bsp-bb-link state="{"bbHref":"bbg://securities/1396018D%20US%20Equity","_id":"00000183-ca31-dab8-ad8b-ea3936840002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}" style="box-sizing: inherit;">Point72 Asset Management-bsp-bb-link> that potentially would move prices, a federal judge ruled Monday.
Justices and judges must now disclose the value of free trips like those taken by Justice Clarence Thomas at the expense of a billionaire benefactor.
UK tech tycoon <-bsp-person state="{"_id":"0000018e-537f-d509-adee-5bff4d130000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Mike Lynch-bsp-person> masterminded a “massive fraud” to dupe Hewlett Packard Co. into buying his software startup for $11 billion, a US prosecutor told a jury.
Crypto exchange OKX is ending its support of digital currencies traded against <-bsp-bb-link state="{"bbHref":"bbg://securities/2213302D%20VI%20Equity","_id":"0000018e-5366-d509-adee-5bf7c55f0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Tether Holdings Ltd-bsp-bb-link>’s USDT token for users based in the European Economic Area.
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