Two groups of people from elite backgrounds, Boston merchants of the early 19th century and Stanford professorate alumni of the early 21st century, founded institutions that made important changes to the U.S. financial system.

The crypto market waited until mid-October to reward its supporters with an optimism-boosting revival. Following a string of unexpected news and fake rumors, some leading cryptocurrencies skyrocketed, and others followed.

The trial of Sam Bankman-Fried, founder and creator of what many call a Ponzi scheme called FTX, has started in New York. FTX was a cryptocurrency exchange that, like MtGox a decade before, lost millions/billions of dollars of investor’s money.

The price of Solana dropped more than 6% today amid worries that the token and other crypto assets linked to Solana may soon be liquidated by bankrupt cryptocurrency exchange FTX.

A wallet linked to the bankrupt crypto exchange FTX has raised eyebrows within the crypto world with a transfer of assets worth $10 million from Solana to the Ethereum network. Market players trust the development signals impending token dumps.