Crypto

• Sam Bankman-Fried Loses Appeal of Conviction for FTX Fraud
  FTX co-founder Sam Bankman-Fried lost his bid to overturn his fraud conviction and 25-year prison sentence, with a federal appeals court rejecting his claims of not receiving a fair trial.
• SpaceX Shares Indicated More Than 35% Higher on Gray Markets
  Pre-IPO trading in derivatives linked to SpaceX indicates a gain of anything between 30% and 50% for Elon Musk’s rocket, satellite and AI company as retail investors flock to the much anticipated listing.
• How to Trade the SpaceX IPO in Asia's Locked-Out Markets
  Investors across Asia have been largely shut out of the world’s largest-ever initial public offering, which has forced them to find creative ways to make bets on SpaceX’s $75 billion global spectacle.
• Stocks Climb on US-Iran Optimism as SpaceX Debuts: Markets Wrap
  Hopes for a diplomatic breakthrough that would end the war in Iran extended a slide in oil prices while lifting stocks, with Wall Street’s enthusiasm also fueled by SpaceX’s strong trading debut.
• Wall Street Races to Turn SpaceX Into a Leveraged Retail Trade
  The $15 trillion ETF industry isn’t waiting long to see how SpaceX performs before turning it into a leveraged trading vehicle.
• Crusoe Pushed Aside at Wyoming AI Project After Google Concerns
  Data center upstart Crusoe is being pushed aside at an artificial intelligence campus it was developing in Wyoming after failing to lock in customers including Alphabet Inc.’s Google, according to people familiar with the situation.
• SpaceX Crypto Traders Are Betting on a $2.2 Trillion Valuation
  Crypto traders are looking past SpaceX’s expected IPO price and placing a higher value on Elon Musk’s rocket, satellite and artificial intelligence company ahead of its trading debut.
• Abu Dhabi’s ADIC Plans $15 Billion Leveraged Hedge Fund Bet
  An Abu Dhabi-based investor is considering building exposure worth $15 billion with global hedge funds, people familiar with the matter said, an outlay that will mark one of the emirate’s most significant forays into the sector.
• Data Center Battery Maker ZincFive to Merge With SparkLabs SPAC
  ZincFive Inc., a specialized battery maker supplying data centers, has agreed to go public through a merger with a blank-check company backed by SparkLabs Group at a pre-money valuation of $600 million.
• Key Tether Executive Leaves to Rejoin PE Firm He Launched
  Tether Holdings SA Chief Business Officer Benjamin Habbel has stepped down nine months after joining the stablecoin giant, where he was in charge of expanding the firm and its portfolio of investments.