Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government — link
CNBC
Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government
The shares of Robinhood were seized and transferred to the custody of the U.S. government after FTX and Emergent filed for bankruptcy protection last year.
Travel Rule regulation comes into force in the UK for crypto asset firms — link
The Block
Travel Rule regulation comes into force in the UK for crypto asset firms
Crypto asset firms in the UK are now required to comply with the Financial Action Task Force's Travel Rule.
Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information — link
Reuters
Gemini tries to line up other creditors in new Genesis bankruptcy plan, The Information reports
Cryptocurrency exchange Gemini is trying to rally other creditors behind a plan to wring more money out of bankrupt crypto lending firm Genesis' parent company, Digital Currency Group (DCG), The Information reported on Friday.
Digital asset investment product flows cooled off, with relatively minor outflows totalling $11.2m. This run of negative sentiment over the last 7 weeks now totals $342m — link
Crypto exchange Bitfinex holds bitcoin on its balance sheet — link
The Block
Crypto exchange Bitfinex holds bitcoin on its balance sheet
Crypto exchange Bitfinex holds bitcoin on its balance sheet, a source with direct knowledge of the matter told The Block.
Coinbase increases bond buyback program to $180 million — link
The Block
Coinbase increases bond buyback program to $180 million
Coinbase's offer to buy back bonds from investors has swung from generating limited interest to more than previously hoped.
Grayscale urges U.S. SEC to approve spot Bitcoin ETF following court victory — link
Reuters
Grayscale urges U.S. SEC to approve spot bitcoin ETF following court victory
Grayscale Investments on Tuesday urged the U.S. Securities and Exchange Commission (SEC) to quickly approve its proposed exchange-traded fund that would track bitcoin, following the crypto asset manager's court victory against the agency.
Binance currently has more than 380 assets trading on the exchange, but many of them are illiquid.
The lion's share of trade volume remains concentrated within the top 10 altcoins — link
The lion's share of trade volume remains concentrated within the top 10 altcoins — link
Ex-Celsius CEO Mashinsky's assets ordered frozen by court as DOJ case continues — link
Coindesk
Ex-Celsius CEO Mashinsky's Assets Ordered Frozen by Court as DOJ Case Continues
Corporate bank accounts and a Texas property are now untouchable after the former executive’s July arrest.
FASB aproved fair value accounting for crypto — link
Bloomberglaw
Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (2)
Crypto companies and other businesses with significant holdings of digital currencies will get long-awaited accounting rules to measure the value of the Bitcoin, Ethereum, and other crypto in their coffers, US accounting standard-setters unanimously voted…
Mid-October is shaping up to become hectic and volatile in the market.
The SEC's 45-day window expiry to request a rehearing in the Grayscale case coincides with:
- The next deadline for the spot-based ETF filings
- And the ultimate deadline for the futures-based Ether ETFs — link
The SEC's 45-day window expiry to request a rehearing in the Grayscale case coincides with:
- The next deadline for the spot-based ETF filings
- And the ultimate deadline for the futures-based Ether ETFs — link
Genesis Global Capital files for over $600M in unpaid DCG loans: Court docs — link
CoinDesk
Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs
Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday.
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Cboe BZX Exchange files to launch Ark 21Shares, VanEck spot Ether ETFs — link
CoinDesk
Cboe's BZX Exchange Files to Launch Ark 21Shares, VanEck Spot Ether ETFs
If approved, these would be the first spot ether ETFs in the U.S.
FASB approves "fair value" accounting rules for companies holding crypto, into effect in 2025 — link
Bloombergtax
Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (2)
Crypto companies and other businesses with significant holdings of digital currencies will get long-awaited accounting rules to measure the value of the Bitcoin, Ethereum, and other crypto in their coffers, US accounting standard-setters unanimously voted…
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Southeast Asia super-app Grab adds support for web3 services — link
The Block
Southeast Asia super-app Grab adds support for web3 services
Users of the Grab super-app can now set up a web3 wallet, win blockchain-based rewards like NFTs and more on the platform.
JPMorgan exploring blockchain-based payment and settlement system: Bloomberg — link
The Block
JPMorgan exploring blockchain-based payment and settlement system: Bloomberg
JPMorgan is experimenting with a blockchain-based deposit token to hasten transaction speed and lower costs, Bloomberg reports.