The post Michael Saylor’s Strategy Could Hold More Bitcoin Than Satoshi Nakamoto by March 2027 appeared first on Coinpedia Fintech News

One company spent $1.28 billion buying nearly 18,000 BTC in seven days. At its current pace, it is on track to hold more Bitcoin than the person who created it.

Strategy now holds 738,731 BTC, acquired at a total cost of around $56 billion. According to Lark Davis, Strategy sits among the four largest Bitcoin holders globally, alongside Satoshi Nakamoto, BlackRock, and Coinbase.

The Machine Doesn’t Stop

Strategy’s most recent reported purchase, its 102nd overall, was filed on March 9 – 17,994 BTC for $1.277 billion at an average price of $70,946. The funding engine behind it is STRC – Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock – a preferred share product that generates capital the company converts directly into Bitcoin.

According to entrepreneur and Bitcoin investor Lark Davis, STRC is powering accumulation of around 1,940 BTC per day, surging to roughly 5,700 BTC on peak record days.

Also Read: Bitcoin Price Has Been Correcting for 159 Days, But Is That Really a Problem?

Satoshi Is in the Crosshairs

Satoshi Nakamoto’s estimated holdings sit at approximately 1.1 million BTC – coins mined between 2009 and 2010 that have never moved. They represent the single largest known concentration of Bitcoin in existence.

At the current pace, Lark Davis projects Strategy could realistically surpass Satoshi’s estimated holdings by March 2027. Strategy currently needs roughly 361,000 more BTC to close that gap.

At 1,940 BTC per day, it is a realistic belief.

What It Actually Means for Bitcoin’s Supply

Satoshi’s coins have sat untouched for over 15 years. Most analysts treat them as permanently removed from circulation. If Strategy surpasses that figure, it would become the single largest active holder of Bitcoin – meaning the largest concentration of BTC that could theoretically move markets would sit inside one publicly traded company.

Strategy’s 738,731 BTC already represents over 3.5% of Bitcoin’s total 21 million supply. If it reaches 1.1 million, that figure climbs to over 5%. For an asset whose entire value proposition rests on scarcity and decentralisation, the concentration question is one the market will eventually have to answer.

That is not a criticism of Strategy’s thesis. It is simply what the numbers mean at scale.

Bitcoin is currently trading at $70,713, down 2.34% on the day.

This Might Interest You: When Will Bitcoin Bottom Out? On-Chain Data Has a Surprising Answer

The post Bitcoin Price Has Been Correcting for 159 Days, But Is That Really a Problem? appeared first on Coinpedia Fintech News

Bitcoin peaked at $126,230 on October 6. It has been falling for 159 days since. To most holders, that feels like an eternity. To anyone who has looked at the historical data, it barely registers.

CryptoQuant analyst Darkfost laid out the numbers. In the 2017 cycle, it took 1,180 days before Bitcoin reached a new all-time high. In 2021, it was 1,093 days. In 2025, that compressed to 849 days. The current correction sits at 159 days. By every prior measure, this is early.

The Cycle Is Getting Shorter, But 2025 Already Broke the Rules

The data shows a clear pattern: the time between Bitcoin all-time highs is shrinking with each cycle. But 2025 did something no previous cycle had done. It produced a new ATH before a halving, not after.

Darkfost attributes this directly to the launch of spot Bitcoin ETFs in January 2024. That single structural change pulled institutional capital into Bitcoin in a way that disrupted the halving-led cyclicality the market had relied on for over a decade.

His view on the halving itself is worth noting.

“I do not think the halving itself is the main driver behind the creation of a new ATH,” Darkfost wrote. “The end of bear market trends are usually already well advanced before the halving occurs.”

The halving still matters, he argues, but through its long-term effect of reducing miner sell pressure, not as the trigger most people treat it as.

Also Read: Bitcoin ETF Inflows Hit $767M in 5 Days: Why Isn’t the BTC Price Moving?

The Rule Change That Could Be Bigger Than the ETF

While the cycle debate plays out on-chain, a regulatory shift is building in Washington that Coinbureau CEO Nic says deserves serious attention.

Under current Basel rules, Bitcoin carries a 1,250% risk weight – meaning banks must hold capital equivalent to their entire BTC exposure. As Nic put it, that makes it “almost impossible for banks to offer services around BTC.”

The Fed announced this week that a proposal is coming on how these Basel rules will be implemented in the US, opening a 90-day public comment window. The proposal is not specifically a Bitcoin rewrite – it covers broader capital standards for the largest banks. But the comment window creates a direct opening to challenge Bitcoin’s treatment.

“If Bitcoin’s treatment improves even slightly,” Nic wrote, “it could open the door for banks to finally integrate BTC into the financial system. That’s a huge potential liquidity unlock.”

Spot ETFs changed the cycle in 2024. If Basel changes, banks could be the next structural catalyst. At 159 days into this correction, that timing matters.

Bitcoin is currently trading at $70,689, down 2.37% on the day.

The post Why a High XRP Price Is Good for Holders and Essential for Banks appeared first on Coinpedia Fintech News

XRP is trading at $1.39 today, down 63% from its peak. And while most holders are staring at the price waiting for a recovery, they may be missing the more important question: does XRP even work if the price stays low?

According to Ripple’s own CTO, the answer is no.

David Schwartz Said It Eight Years Ago

In a post on Kora that went viral at the time, Ripple CTO David Schwartz laid out the logic plainly.

As highlighted recently by crypto analyst Levi, Schwartz wrote: “The price of XRP you need to make a $1 million payment will always be at least $1 million. Higher prices tend to correlate with higher liquidity, which means cheaper payments.”

The argument is not complicated. If a bank needs to move a billion dollars and XRP is trading at five cents, buying that much XRP would move the price dramatically mid-transaction – creating slippage that makes the whole thing impractical.

A higher market cap means the same transaction barely moves the needle. Banks don’t just tolerate a high XRP price. They require it.

The $33 Trillion Target

Ripple’s recent moves make more sense through this lens. The team has been expanding RLUSD, its stablecoin, on the XRP Ledger, with a stated target of the $33 trillion stablecoin market. As Levi points out in his analysis, every single RLUSD transaction on the XRPL requires XRP as a gas fee.

The stablecoin removes slippage concerns for banks while still keeping XRP at the centre of every transaction.

The strategy, Schwartz outlined years ago, starts with smaller currency corridors – markets like Euro to INR where margins are thin and inefficiencies are high – before moving up to the major currencies that move trillions daily.

• Also Read :
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•   ,

The Structural Pieces Are Now Real

What’s changed since Schwartz first made this argument is that the infrastructure is actually being built. Ripple received conditional approval for a national trust bank charter from the OCC in December 2025. Mastercard added Ripple to its 85-company global Crypto Partner Program on March 11, alongside Binance, PayPal, Circle and Gemini.

Ripple also launched a $750 million share buyback in March, valuing the company at $50 billion – a 25% increase from its November funding round. The company is pricing its equity higher while the token trades near lows.

That gap says something about where Ripple’s leadership thinks this is heading.

Crypto Sensei also flagged on-chain data showing XRP’s multi-exchange withdrawal delta has fallen to an all-time low – meaning more investors are moving XRP off exchanges, historically a bullish signal for long-term holders.

The Schwartz argument was always logical. The question was whether the real-world pieces would fall into place. In 2026, they are starting to.

FAQs

The post Bitcoin ETF Inflows Hit $767M in 5 Days: Why Isn’t the BTC Price Moving? appeared first on Coinpedia Fintech News

For the first time this year, US spot Bitcoin ETFs strung together five consecutive days of net inflows, pulling in $767.32 million across the week according to SoSoValue data. The last time anything close to this happened was late November 2025, when a similar streak brought in $284.61 million. This week’s run nearly triples that.

Tuesday was the strongest day at $250.92 million. Friday closed the streak with another $180.33 million. Total net assets across spot Bitcoin ETFs now stand at $91.83 billion, with cumulative net inflows reaching $56.14 billion.

Ether ETFs Are Moving Too

Spot Ether ETFs ran their own four-day inflow streak simultaneously, adding $212.14 million and reversing the outflows that had weighed on the product through early March. Thursday was the standout session at $115.85 million. Cumulative net inflows into US spot Ether ETFs now sit at $11.79 billion.

Both products running positive at the same time is a signal worth noting.

Gold Is Bleeding. Bitcoin ETFs Aren’t.

The backdrop makes the inflow streak harder to ignore. Middle East tensions, elevated oil prices, and uncertainty around the Strait of Hormuz have pushed macro risk sentiment lower. Historically, that kind of environment sends money into gold.

That is not what is happening right now.

Trader Thomas Kralow noted on X that “Gold ETFs have seen outflows, while Bitcoin ETFs continue pulling in capital.”

He pointed to BlackRock’s iShares Bitcoin Trust attracting steady inflows while major gold funds like SPDR Gold Shares have seen money leave, arguing that for a growing group of institutional investors, Bitcoin is starting to compete with gold when uncertainty rises.

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•   ,

Why Bitcoin Price Hasn’t Followed – Yet

Bitcoin is currently trading at $70,686, down 1.49% on the day.

Bitunix analysts point to a short-liquidity cluster near $71,300 acting as near-term resistance, with a larger concentration between $72,000 and $73,500. Downside support sits around $69,000.

DaanCryptoTrades put it in context on X, noting that 2025 saw $20B+ in ETF inflows while BTC ended the year just about in the red. His point: the price action wasn’t ideal, but those inflows rotated coins into ETF hands, building a more solid and diversified base for the long term.

The flows are building. Whether price confirms it is the question the market is sitting with heading into next week’s FOMC meeting.

FAQs

The post “Sanctuary Technology”: Vitalik Buterin Reveals What the Ethereum Foundation Will and Won’t Do appeared first on Coinpedia Fintech News

The Ethereum Foundation released its official mandate today – a document originally written for internal EF members that sets out what the Foundation is for, what it will focus on, and what falls outside its scope.

The core of the document is a single, unusually direct idea: Ethereum exists to be an escape hatch.

“Sanctuary Technology”

Vitalik Buterin posted the mandate himself, calling it a clarification of where EF has been heading for months.

The document describes Ethereum’s role as being “a sanctuary technology, to preserve technological self-sovereignty, to enable cooperation without coercion, domination or rugpulling” – and to ensure that “no single person, organization or ideology’s victory in cyberspace can be total.”

That framing moved fast on X, with Ethereum described as a “sanctuary technology” becoming what most people were reacting to.

The CROPS Filter

The mandate introduces a priority stack the EF calls CROPS – censorship resistance, open source, privacy, and security – applied at both the protocol layer and the application layer. Projects that depend on centralized infrastructure, opaque code, or compliance baked into the chain should not expect EF backing under this framework.

1/ The Mandate clearly states what must be protected: EF will, above all else, remain focused on an Ethereum that is censorship resistant, open source, private, and secure (CROPS), in the service of user self-sovereignty, resistant to extraction and with seamless UX.

These are…

— Ethereum Foundation (@ethereumfndn) March 13, 2026

The document also reaffirms the “walkaway test”: Ethereum must continue functioning even if the Foundation disappears entirely. Anything that fails that test doesn’t meet EF’s standard.

One Steward, Not the Only One

One of the more significant lines in the document was: “The Ethereum Foundation is a specific organization within Ethereum – one steward, not the sole one.”

That is a deliberate narrowing of scope. EF is not claiming ownership of Ethereum’s direction. It is claiming responsibility for a specific set of properties and stepping back from everything else.

What This Means for ETH Price

Ethereum is trading at $2,127 today, up 2.55% on the day as broader crypto markets climb. The mandate does not mention price once.

The EF is explicitly not optimizing for adoption metrics or market performance – it is building infrastructure designed to hold up regardless of where ETH trades. Whether that reads as principled or frustrating depends entirely on why you hold the asset.

The post Will the Fed Cut Rates in March and What Does It Mean for Bitcoin? appeared first on Coinpedia Fintech News

The US economy grew just 0.7% in Q4 2025. That number, revised down from 1.4% by the Bureau of Economic Analysis, is already trending on X and CNN is calling it “far weaker than previously reported.” With the FOMC meeting four days away on March 17-18, crypto traders have one question: does this change anything for Bitcoin?

The short answer is not yet. But the longer answer is more interesting.

The Economy Is Slowing. The Fed Can’t React.

The GDP collapse from Q3’s 4.4% pace to 0.7% in Q4 was driven by weaker exports, consumer services, government spending, and investment. A government shutdown in October and November alone knocked roughly one percentage point off growth.

Annual 2025 GDP came in at a revised 2.1%.

Yet inflation isn’t cooperating. February CPI landed at 2.4%, exactly in line with expectations. This morning, the BEA confirmed core PCE held at 3.1% in January, still well above the Fed’s 2% target. The Fed has no clean path to cut rates with prices still sticky, even as growth slows sharply.

That combination – slowing growth, stubborn inflation – is exactly what’s driving the interest in the term “stagflation 2026” this week.

What Markets Are Pricing In

With few days until the FOMC meeting, FedWatch data shows a 99.2% probability the Fed holds rates unchanged at 350-375 bps. That part seems settled.

What isn’t settled is what comes next. The GDP revision is shifting the timeline for when rate cuts might actually arrive, and traders everywhere are recalculating.

Also Read: When Will Bitcoin Bottom Out? On-Chain Data Has a Surprising Answer

Why Bitcoin Traders Are Watching Closely

Historically, Fed rate cuts are bullish for Bitcoin. Lower rates push investors toward risk assets, weaken the dollar, and increase appetite for alternatives to traditional finance. The longer the Fed holds while growth weakens, the stronger the eventual case for cuts becomes.

Bitcoin is currently trading at $73,537, up 4.42% on the day, holding its ground even as equity markets are dipping. That resilience, against a backdrop of weak growth and the US-Israel-Iran war, is what crypto traders are paying attention to right now.

The March 17-18 meeting is unlikely to deliver a cut. But with Q4 GDP at 0.7% and the economy slowing faster than expected, the question is not exactly whether the Fed cuts in 2026 – it is when.

And when that cut comes, Bitcoin will be watching.

You Might Find This Interesting: Decoupling Finally? Why Crypto Is Up 2.57% While Stocks Are Down Today

The post When Will Bitcoin Bottom Out? On-Chain Data Has a Surprising Answer appeared first on Coinpedia Fintech News

Most traders are still waiting for Bitcoin to drop further. But the on-chain data is telling a very different story from what most people read during the crash.

According to CryptoQuant analyst Darkfost, Bitcoin’s long-term holders did not sell as aggressively as the charts suggested. In the 2025 cycle, LTHs spent 15.1M BTC in total, just below the 15.3M BTC spent during the 2021 bull run. Prior cycles saw 7.3M and 13.6M BTC spent respectively.

This comes as Bitcoin trades at $72,419, up 2.95% on the day, even as Brent crude hit $100 per barrel for the first time since 2022 and equity markets sold off on escalating Middle East tensions – a macro backdrop that would historically have dragged crypto lower with it.

The Charts Were Misleading

Part of the confusion came from Coinbase. The exchange moved approximately 800,000 BTC internally, and most of it was miscategorised as LTH supply in on-chain data. Darkfost notes that once those internal transfers are stripped out, actual long-term holder selling was likely even lower than the headline number suggests.

In other words, the panic may have been based on distorted data.

Also Read: Decoupling Finally? Why Crypto Is Up 2.57% While Stocks Are Down Today

Bitcoin’s Ownership Structure Is Changing

There’s a deeper shift happening that most retail traders aren’t factoring in. Spot Bitcoin ETFs, launched in January 2024, now hold around 1.3M BTC – roughly 6.7% of total supply. Digital asset treasury companies, including Strategy, collectively hold another 1.1M BTC, nearly 5% of supply.

These are not holders who sell on red days.

Darkfost points out that these new institutional participants are fundamentally changing what it means to be a long-term holder, and over time their growing presence could structurally reduce selling pressure across cycles.

Do You Wait for the Bottom or Do You Buy Now?

Crypto analyst Jelle has a clear view on this. During the last bull run, he began scaling out early and accelerated selling between $100K and $120K without ever calling the top.

He applies the same logic on the way down.

“I don’t care to be a hero, or to look cool by calling the bottom – I’m just here to make money,” he said, adding that his approach is to slowly build long-term exposure after a certain threshold, then ramp up buying once the bottom confirms.

The data and the strategy are pointing in the same direction.

If the data holds, the bigger risk may not be buying too early – it may be waiting for a bottom that the charts already confirmed.

The post Decoupling Finally? Why Crypto Is Up 2.57% While Stocks Are Down Today appeared first on Coinpedia Fintech News

While equity markets took a beating and Brent crude surged above $100 per barrel for the first time since 2022, crypto is doing the opposite. Escalating Middle East tensions and a blockage in the Strait of Hormuz sent traditional risk assets into freefall, yet the total crypto market cap climbed 2.57% to $2.46 trillion on March 13.

Bitcoin is sitting at $72,479, up 2.91% in 24 hours. Ethereum at $2,127, up 2.72%. On a day when almost nothing else was green, this is interesting.

The Correlation Data Is the Real Story

Crypto’s correlation with the S&P 500 currently sits at -14%, and against Gold it’s -34%. That is evidence that this rally wasn’t carried by broad market optimism.

Intergovernmental Blockchain advisor Anndy Lian noted that “digital assets are beginning to trade on their own fundamental narratives,” arguing this kind of independence signals a maturation that the asset class has long needed to evolve beyond its speculative ties to traditional finance.

Also Read: Did the Clarity Act Pass? Not Yet, But Banks Are Already Buying These 8 Altcoins

BlackRock Just Repackaged Ethereum

The most significant catalyst was BlackRock’s iShares Staked Ethereum Trust (ETHB), which debuted on Nasdaq on March 12 with $15.5 million in first-day volume.

Unlike previous crypto ETFs, ETHB gives investors both price exposure and staking rewards – repositioning Ethereum as a yield-bearing asset rather than a speculative play. Staking also locks up supply, which mechanically reduces sell-side pressure over time.

Altcoins Are Moving Too

Render is up 13.37% to $1.81, Layer 1 tokens advanced 1.58%, and Bitcoin dominance held steady at 58.78%, suggesting fresh capital is flowing into the broader market rather than concentrating in Bitcoin alone.

Analyst Michaël van de Poppe remains bullish, saying he expects Bitcoin to “test the highs and continue to rally towards $75,000 during this month.”

On the regulatory front, the US Senate passed a bill on March 12 blocking the Federal Reserve from issuing a retail CBDC – a clear signal of Washington’s direction on digital assets. Separately, unconfirmed reports of a zero percent crypto tax are circulating on social media, and markets appear to be pricing that in too.

The total crypto market cap is currently at $2.43T, up 2.35% on the day. With RSI sitting at a neutral 56 on the daily chart, there’s no immediate technical ceiling – the question now is whether sustained ETF inflows and policy clarity can keep the momentum going against a backdrop of rising oil and macro uncertainty.

FAQs

The post Tether Funds Ark Labs: $184B Stablecoin Giant Bets on Bitcoin’s Next Evolution appeared first on Coinpedia Fintech News

Bitcoin has always been the most liquid digital asset on the planet. What it never had was the infrastructure to actually do something with that liquidity.

Ark Labs is building to fix that. And today, Tether backed them to do it.

Tether Leads $5.2M Seed Round for Bitcoin’s Missing Layer

Ark Labs closed a $5.2M seed round today, led by Tether, to push Arkade, a programmable execution layer built natively on Bitcoin, into its next phase. Ego Death Capital, Anchorage Digital, Epoch VC, and Ralph Ho, former VP of Finance at PayPal, also joined the round. Total institutional backing now stands at $7.7M.

The number matters less than the name on the check.

Tether, the issuer sitting behind $184 billion in USDT circulation, chose Bitcoin as its infrastructure bet.

Stablecoins Were Born on Bitcoin. Tether Wants Them Back There.

USDT didn’t originate on Ethereum. It started on Bitcoin and Tether CEO Paolo Ardoino hasn’t forgotten that.

“Stablecoins were born on Bitcoin, and expanding access on the Bitcoin network remains a priority for us,” Ardoino said. “Improving access to USD₮ on the most secure and widely recognized blockchain supports greater financial inclusion, more efficient cross-border payments, and stronger global liquidity.”

Arkade enables this by settling transactions directly on Bitcoin’s base layer – no wrapped tokens, no third-party custody, no separate chain asking for your trust.

Payments, Lending, Escrow: All on Bitcoin Rails

Ark Labs CEO Marco Argentieri has been direct about the problem his company solves.

“Bitcoin is the most liquid digital asset in the world, but it has lacked the programmable infrastructure that financial applications require,” he said. “Arkade changes that.”

The platform handles payments, lending, escrow and conditional transactions on Bitcoin. It also targets autonomous commerce – AI agents that need enforceable spending rules to operate.

The Bigger Race This Fits Into

Stablecoin legislation is moving through Washington. Ethereum and Solana have owned the programmable finance conversation for years. Tether just placed a bet that Bitcoin can enter it.

Whether Arkade delivers is a question for later. But the world’s largest stablecoin issuer publicly backing Bitcoin’s programmability layer isn’t a minor development. It’s a statement about where serious money thinks this industry is heading.

Also Read: Has Gold Price Topped? Whale Wallets Cash Out $40M in Tether Gold and PAXG

The post “Biggest Threat to Crypto”: FTX Founder Calls Out Gensler’s Secret War on the CFTC appeared first on Coinpedia Fintech News

Sam Bankman-Fried is serving 25 years in a California federal prison, his retrial request was pushed back on, and yet the FTX founder remains one of the louder voices shaping crypto’s regulatory conversation – this time taking direct aim at Gary Gensler.

In a post on X, Bankman-Fried didn’t just credit the Trump administration for changing the SEC’s direction. He made a pointed allegation about what was happening behind closed doors under the previous chair.

Gensler’s Alleged Power Grab

“He and @SenWarren ran a covert campaign in DC to strip the CFTC of all of its power – bringing everything under his SEC,” Bankman-Fried wrote, adding that Gensler then “used that power to require licenses he was unwilling to grant.”

SBF called it the biggest threat to crypto during the Biden era and said his team spent significant time in Washington fighting it.

Whether you trust the messenger is a separate question, but the SEC-CFTC turf war over crypto jurisdiction was real and well-documented. Gensler consistently argued the SEC held broad authority over digital assets, a position the CFTC openly pushed back against throughout his tenure.

Why He’s Crediting Trump

The post opens bluntly: “How @realDonaldTrump fixed the SEC: fire Gensler, hire Atkins.”

Under Donald Trump-nominated Paul Atkins, the regulatory posture has shifted noticeably. Where Gensler leaned on enforcement as his primary tool, Atkins has committed publicly to building an actual licensing framework for crypto rather than prosecuting around the absence of one.

Still Waiting on the Judge

A day before this post went up, federal prosecutors filed their formal opposition to SBF’s retrial request, describing his arguments as “incoherent” and “fanciful.” Judge Lewis Kaplan has yet to rule. His Second Circuit appeal also remains pending, Caroline Ellison has already been released, and the White House has ruled out a pardon.

Read More: Sam Bankman-Fried Asked for a New Trial. Prosecutors Used His Own Donations to Say No.

The man giving Trump credit for fixing crypto regulation is still a long way from any exit.

The post Sam Bankman-Fried Asked for a New Trial. Prosecutors Used His Own Donations to Say No. appeared first on Coinpedia Fintech News

Sam Bankman-Fried wanted a second chance in court. Prosecutors just made clear that it isn’t happening.

Federal prosecutors filed a court response on Wednesday opposing the FTX founder’s request for a retrial, arguing he has not shown his 2023 conviction was unfair.

The “New Witnesses” Argument Didn’t Hold Up

SBF’s February filing, submitted by his mother because he is representing himself from prison, cited two former FTX executives, Daniel Chapsky and Ryan Salame, as witnesses whose testimony could have changed the outcome of his trial.

Prosecutors rejected that. Both men were “fully known to the defense before trial,” they wrote, and could have been called at the time.

“The defense’s decision not to put the witnesses on his witness list or compel their testimony forecloses any claim that their post-trial views are newly discovered.”

The Biden Claim That Backfired

SBF also argued his prosecution was an example of Biden-era DOJ weaponization. Prosecutors called the argument “incoherent” and “fanciful,” pointing out that he was one of the largest Democratic donors in 2020 and 2022, and that his campaign finance crimes were tied directly to those contributions.

Also Read: “The Biggest Question for Crypto”: Sam Bankman-Fried Triggers AI Payments Debate

Where Things Stand Now

Bankman-Fried is currently serving his 25-year sentence at a federal correctional institution in California. His separate appeal at the Second Circuit is still pending, though judges were skeptical when arguments were heard last November.

Caroline Ellison, SBF’s former girlfriend and key prosecution witness, has already been released after 440 days in custody. A Trump pardon was also ruled out by the White House.

Judge Lewis Kaplan has yet to rule on the new trial motion.

The case is US v. Bankman-Fried, 22-cr-00673, US District Court, Southern District of New York.