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Sam Bankman-Fried's latest California prison once housed Al Capone

Former FTX CEO Sam “SBF” Bankman-Fried has moved from a transit facility to a California prison that once housed infamous gangster Al Capone.

According to the Federal Bureau of Prisons website, officials moved Bankman-Fried from the Federal Transfer Center in Oklahoma City briefly to the Federal Correctional Institution in Victorville before transferring him to a facility in Terminal Island in Los Angeles, California. The federal institution was once home to criminals like former Theranos chief operating officer Ramesh Balwani and Capone, who was convicted of tax evasion in 1931.

During his 2023 trial and following his conviction on seven felony counts in 2024, Bankman-Fried was housed at the Metropolitan Detention Center in New York. However, officials moved the former FTX CEO after he was the subject of an interview by right-wing political commentator Tucker Carlson — an activity reportedly unsanctioned by authorities.

Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ftx-token-surges-sam-bankman-fried-posts-first-time-in-2-years" rel="null" target="null"

Bitcoin US vs. offshore exchange ratio flashes bullish signal, hinting at BTC price highs in 2025

US-based crypto trading platforms regaining influence over Bitcoin’s (BTC) token transfer volumes could possibly kick-start a rally in the second half of 2025.

Bitcoin researcher Axel Adler Jr pointed out that the “US vs. off-shore ratio,” which measures token transfer volumes between US-regulated and offshore exchanges, indicated a drop in dominance from US exchanges after BTC reached an all-time high in January.

Bitcoin total transferred ratio chart (US vs off-shore). Source: X.com

As illustrated in the chart, a trend reversal is underway, which implies BTC transfer volumes on US exchanges are beginning to rise again, aligning with previous bull market rallies.

A key technical indicator in the chart is the 90-day simple moving average (SMA) crossing above the 365-day SMA. Historically, this crossover has preceded major price rallies. For example, when this signal occurred at $60,000, Bitcoin began a rally

Auradine raises $153M, debuts business group for AI data centers

Auradine, a Silicon Valley-based startup that specializes in equipment for AI data centers and Bitcoin mining, has announced a raise of $153 million in a Series C funding round. The new capital will go to increasing the company’s product suite of infrastructure for AI and blockchain technology.

The Series C round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, and others. Auradine said the round was oversubscribed but did not disclose by how much or at what valuation the funds were raised.

Along with the funding round, Auradine announced the launch of AuraLinks AI — its new business group dedicated to networking solutions targeting data centers’ energy and cooling costs.

According to Goldman Sachs, energy demand due to AI data centers is expected to rise 165% by 2030. Building a small-scale

Court grants 60-day pause of SEC, Ripple appeals case

An appellate court has granted a joint request from Ripple Labs and the Securities and Exchange Commission (SEC) to pause an appeal in a 2020 SEC case against Ripple amid settlement negotiations.

In an April 16 filing in the US Court of Appeals for the Second Circuit, the court approved a joint SEC-Ripple motion to hold the appeal in abeyance — temporarily pausing the case — for 60 days. As part of the order, the SEC is expected to file a status report by June 15.

April 16 order approving a motion to hold an appeal in abeyance. Source: PACER

The SEC’s case against Ripple and its executives, filed in December 2020, was expected to begin winding down after Ripple CEO Brad Garlinghouse announced on March 19 that the commission would be dropping its appeal against the blockchain firm. A federal court found Ripple liable for $125 million

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

Bitcoin (BTC) has risen above $85,000, signaling that the bulls are trying to form a higher low at $83,000. The short-term price action remains susceptible to news related to the US tariffs and the ongoing trade war with China.

Gold has been a clear winner during the current bout of macroeconomic uncertainty. Citing data from Bank of America (BoA), The Kobeissi Letter said that gold funds are on track to hit $80 billion in net inflows year-to-date, roughly double the amount seen in 2020. In comparison, spot Bitcoin exchange-traded funds’ net inflows have shrunk to just $165 million after weeks of continuous outflows, per CoinShares data.

Crypto market data daily view. Source: Coin360

However, some cryptocurrency investors are happy about gold’s rally because a popular theory suggests that Bitcoin not only copies but

Securitize manages $38B with acquisition of MG Stover admin business

Tokenization company Securitize has expanded its digital asset operations by acquiring MG Stover’s fund administration business, in a move the company said has significantly grown its assets under management and ability to serve institutional clients.

With the acquisition, MG Stover’s fund administration business has been absorbed into Securitize Fund Services, Securitize’s wholly owned subsidiary, the company disclosed.

Securitize Fund Services now manages more than $38 billion in assets across 715 funds.

Founded in 2007, MG Stover offers full-service fund administration spanning traditional financial industries like hedge funds, venture capital and private equity, as well as digital asset funds.

A Securitize spokesperson informed Cointelegraph that the acquisition pertains only to MG Stover’s fund administration business and not the company as a whole.

In an emailed statement to Cointelegraph, Securitize co-founder and CEO Carlos Domingo said, “The MG Stover acquisition significantly strengthens our institutional offering by adding one of the most experienced

Bitwise lists four crypto ETPs on London stock exchange

Asset manager Bitwise has listed four Bitcoin (BTC) and Ether (ETH) exchange-traded products on the London Stock Exchange, expanding its presence in the European region.

The listings include the Bitwise Core Bitcoin ETP, the Bitwise Physical Bitcoin ETP, Bitwise’s Physical Ethereum ETP, and the Bitwise Ethereum Staking ETP, according to the April 16 announcement.

The products are available to institutional or otherwise-qualified investors with an accreditation, and not open to retail investors.

Bitwise is applying to launch crypto investment vehicles as digital assets gain a greater foothold in global financial markets, attracting more institutional interest in crypto and increasing the legitimacy of the nascent asset class.

Bitwise expands ETF offerings following a regulatory shift in the US

The resignation of former Securities and Exchange Commission (SEC) Chairman Gary Gensler

Market maker deals are quietly killing crypto projects

The right market maker can be a launchpad for a cryptocurrency project, opening the door to major exchanges and providing valuable liquidity to ensure a token is tradeable — but when the wrong incentives are baked into the deal, that market maker can become a wrecking ball.

One of the most popular and misunderstood offerings in the market-making world is the “loan option model.” This is when a project lends tokens to a market maker, who then uses them to create liquidity, improve price stability, and help secure listings at a cryptocurrency exchange. In reality, it has been a death sentence for many young projects.

But behind the scenes, a number of market makers is using the controversial token loan structure to enrich themselves at the expense of the very projects they’re meant to support. These deals, often framed as low-risk and high-reward, can crater token prices

Bitcoin tipped for 2023-style rebound as Goldman says dollar 'overvalued'

Bitcoin (BTC) centered on $84,000 at the April 16 Wall Street open amid hopes that a weak US dollar would fuel a bull market comeback.BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Bitcoin analysis calls for 2023 rally repeat

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after a swift comedown from local highs the day prior.

That volatility had accompanied ongoing developments in the US-China trade war, with crypto and risk assets staying sensitive to headlines and statements from parties such as US President Donald Trump.

The S&P 500 and Nasdaq Composite Index traded down 1.4% and 2.2%, respectively, at the time of writing.

Gold remained the standout winner, having set new all-time highs above $3,300 per ounce on the day.

“Unlike gold, BTC has not caught a safe-haven bid,” trading

Emerging markets need boutique market-making to reach their full potential

Opinion by: Mārtiņš Beņķītis, co-founder and CEO of Gravity Team

As crypto adoption plateaus in some developed nations, emerging markets have led the charge for adoption. Southeast Asia, Africa and Latin America have become rapid growth centers, with new activity driven by limited banking options, local currency instability and growing smartphone use. The need for alternative finance in these regions is acute. While blockchain technology can deliver it, it certainly won’t be easy.

A significant hurdle in emerging crypto markets is market-making, where traditional approaches have struggled as a result of specific challenges, including limited infrastructure and economic instability. Standard market-making strategies often fail or are simply unable to account for these complexities. A new approach known as “boutique market-making” can unlock growth, providing tailored liquidity solutions that consider local factors like regional regulations, cultural nuance and specific pain points for each market.

This “boutique” approach will bring