CRYPTO
FTX Exec Pleads Guilty
In the continuing saga of FTX, former FTX executive Ryan Salame, pleaded guilty to two criminal counts: Federal campaign finance and money-transmitting crimes. In doing so, he will forfeit $1.5 billion as part of his guilty plea.
COMMODITIES
Kenya to Buy Corn at Market Prices
Diverting from its normal corn-buying practices, Kenya is expected to buy corn at market prices in order to stock up its strategic reserves.
This would be the first time in three years that the East-African nation will be buying corn at these prices.
MARKETS
Apple Stock Price Takes Hit by China Announcement
The China market accounts for 19% of Apple’s revenues, it’s stock price took a hit when China announced they will ban government officials from using Apple’s iPhones.
The announcement seems to be to a tit-for-tat counter to the U.S. stance on Huawei as well.
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