:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/dlnews/BQPXV347ORG5JLFHTXM4OVGIBI.jpg?w=1068&resize=1068,0&ssl=1 "Bankman-Fried to assist in lawsuit against FTX celebrity endorsers – DL News")
1. SBF Settles with Investors, Agrees to Cooperate in Celebrity Lawsuit
2. IRS Releases Draft Tax Form for Crypto Transactions
3. Grayscale Announces Plans for Low-Fee Mini Bitcoin ETF
Bankman-Fried, the former FTX chief who is currently serving a 25-year prison sentence for stealing billions from customers, has agreed to cooperate in a lawsuit against celebrities who promoted the now-collapsed crypto exchange. The celebrities, including Tom Brady and Shaquille O’Neal, are accused of promoting unregistered securities for FTX. Bankman-Fried’s cooperation could help the plaintiffs recover some of their losses.
In other news, the IRS has released a draft tax form for reporting crypto transactions, applicable for filings in 2025. The form may change based on feedback received, and the agency is inviting comments on the draft. Additionally, Grayscale is planning to launch a Grayscale Bitcoin Mini Trust with a low 0.15% management fee, the lowest in the market. This move could make it more accessible for investors to gain exposure to Bitcoin.
In the crypto market, Bitcoin is up slightly at $64,986.90, while Ethereum is also up at $3,170.63. Stay tuned for more updates on these developments and other news in the crypto space.
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