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🌐 Web3: The Internet That Belongs to Everyone

The internet has changed dramatically over the last few decades. We started with static websites where people simply read information. Then came social media, cloud services, and interactive applications that allowed anyone to create content, but at the cost of giving control to large corporations. Today, a new chapter is unfolding: Web3. Instead of trusting centralized platforms, Web3 gives users ownership of their identity, assets, and data through decentralized technologies like blockchains and open protocols. This article explores how the internet evolved from Web1 to Web2 and finally to Web3, what makes each generation different, and why decentralized social networks like Nostr are becoming one of the most exciting examples of Web3 in action.

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FTX’s Sam Bankman-Fried Wants a New Trial, Claims He Was a Political Victim of the Biden Administration

Bitcoin Magazine FTX’s Sam Bankman-Fried Wants a New Trial, Claims He Was a Political Victim of the Biden Administration Sam Bankman-Fried, the imprisoned former CEO of FTX, reportedly filed a motion for a new trial in the Southern District of New York today, citing Rule 33 of the Federal Rules of Criminal Procedure and the Due Process Clause of the U.S. Constitution. The filing, reported by the Inner City Press, was supported by a declaration from attorney Daniel Chapsky and comes as SBF continues to dispute the circumstances surrounding FTX’s bankruptcy and his conviction. In a series of recent posts on X, SBF claimed he never approved the bankruptcy filing and that lawyers effectively forced the company into Chapter 11. According to a court filing from January 2023, SBF instructed FTX.US not to be included in the bankruptcy because the tech team confirmed it was unaffected by customer deficits. “The money was always there, and FTX was always solvent,” he wrote in the thread. “So they lied, said I stole billions of dollars and bankrupted FTX.” Attorneys, however, insisted on including FTX.US because it had cash to cover legal fees, and installed their own management to control the companies, SBF claims. At the start of the thread, SBF also alluded to being a victim of a “political war” waged by former U.S. President Joe Biden. Sam Bankman-Fried: FTX was solvent SBF has repeatedly alleged that prosecutors withheld evidence demonstrating FTX’s solvency, and that the trial excluded critical information that could have negated intent. He also accused prosecutors of targeting former FTX executive Ryan Salame and exerting pressure on Salame’s pregnant fiancée to secure a guilty plea. Currently serving a 25-year sentence for seven counts of fraud and conspiracy tied to the exchange’s $8 billion collapse, SBF frames his conviction as politically motivated “lawfare.” For context, Bankman-Fried was once the CEO of the world’s largest cryptocurrency exchanges, which collapsed in late 2022, triggering one of the most high-profile failures in crypto history. The exchange, valued at $32 billion at its peak, filed for bankruptcy after a liquidity crisis exposed that customer funds had been misused to support risky trades at Bankman-Fried’s hedge fund, Alameda Research. Investigations revealed a web of alleged mismanagement, including unreported loans to affiliated entities, weak internal controls, and questionable accounting practices. The collapse sent shockwaves through the crypto ecosystem, wiping out billions in customer assets and shaking investor confidence. Regulators, including the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), launched probes into potential fraud and violations of securities law. Bankman-Fried resigned as CEO and is currently serving out his prison sentence. President Donald Trump has said that he has no intention of pardoning Sam Bankman-Fried This post FTX’s Sam Bankman-Fried Wants a New Trial, Claims He Was a Political Victim of the Biden Administration first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Thailand Finalizes Rules for Bitcoin ETFs and Crypto Futures in Early-2026 Push

Bitcoin Magazine Thailand Finalizes Rules for Bitcoin ETFs and Crypto Futures in Early-2026 Push Thailand is moving decisively to cement its position as one of Asia’s most crypto-friendly financial centers, with regulators finalizing new rules for bitcoin and crypto exchange-traded funds (ETFs), futures trading, and tokenized investment products in early 2026. The country’s Securities and Exchange Commission (SEC) confirmed this week that it is preparing comprehensive regulatory guidelines that would allow crypto ETFs to be formally established, crypto futures to trade on the Thailand Futures Exchange (TFEX), and digital assets to be recognized as an official asset class under existing derivatives law. SEC Deputy Secretary-General Jomkwan Kongsakul said the new framework is designed to expand access to digital assets while addressing security and custody risks that have historically deterred institutional investors. “A key advantage of crypto ETFs is ease of access,” Kongsakul said, according to local reports. “They eliminate concerns over hacking and wallet security, which has been a major barrier for many investors.” Bitcoin and crypto ETFs are moving closer to market Thailand’s SEC board has already approved crypto ETFs in principle, with regulators now finalizing operational rules covering custody, liquidity, and cooperation between asset managers and licensed digital asset exchanges. Thailand approved its first spot Bitcoin ETF in June 2024, initially restricting participation to institutional investors. By October 2025, the regulator signaled plans to expand offerings beyond bitcoin to include other cryptocurrencies, such as ether, potentially in the form of diversified crypto “basket” products. Under the proposed framework, investors would be allowed to allocate up to 4–5% of diversified portfolios to digital assets—an approach aimed at balancing innovation with risk management. Once approved, domestically listed crypto ETFs could trade on the Stock Exchange of Thailand, offering local exposure without requiring investors to directly hold or manage cryptocurrencies. Alongside ETFs, the SEC is advancing plans to launch crypto futures trading on TFEX under the Futures Trading Act. Regulators also intend to formally recognize digital assets as an underlying asset class under the Derivatives Act, providing a clearer legal foundation for crypto-linked derivatives. To support liquidity and price stability, the SEC plans to introduce market-making mechanisms in 2026. Potential market makers could include financial institutions, licensed digital asset exchanges, corporations, and entities holding cryptocurrencies on their balance sheets. The futures market is expected to provide investors with hedging tools and more advanced risk management options, while expanding institutional participation in Thailand’s digital asset markets. Thailand’s recent crypto incentives Thailand’s regulatory push extends beyond ETFs and derivatives. The SEC is also developing rules for tokenized real-world assets (RWAs), including tokenized bonds and other securities that could be issued and traded on blockchain infrastructure. These efforts align with broader global trends in asset tokenization and could eventually include baht-backed stablecoins. In 2025, Thailand approved U.S. dollar stablecoins for local trading, marking another step toward regulated digital finance. On the tax front, Thailand eliminated capital gains tax on crypto trading from January 1, 2025, through December 31, 2029. This post Thailand Finalizes Rules for Bitcoin ETFs and Crypto Futures in Early-2026 Push first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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