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Former Three Arrows Capital Executive Su Zhu Arrested in Singapore

[Sep 29, 2023 2:00 PM] Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the…

Bitcoin’s Slips Below $27K, But What Might Government Shutdown Mean for Prices

[Sep 29, 2023 1:27 PM]

Valkyrie Backs Off Ether Futures Purchases Until SEC ETF Approval Officially Effective

[Sep 29, 2023 9:24 AM] The asset manager Thursday said it had already begun purchasing ether futures contracts.

Bankrupt Crypto Hedge Fund 3AC's Su Zhu Apprehended in Singapore, Liquidator Says

[Sep 29, 2023 8:21 AM] Co-founder of the Three Arrows Capital hedge fund was seized at Changi airport, Teneo said

First Mover Americas: Circle Argues Stablecoins Aren’t Securities in Response to SEC’s Binance Lawsuit

[Sep 29, 2023 7:10 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

OpenTrade Unveils Tokenized U.S. Treasuries Offering as Tokenization Race Gains Steam

[Sep 29, 2023 7:00 AM] The tokenized Treasuries market has grown sixfold this year to $668 million, according to rwa.xyz data.

Circle Rolls Out Open-Source Protocol to Help Build Tokenized Credit Markets

[Sep 29, 2023 7:00 AM] Perimeter Protocol, an open-source smart contract codebase dedicated to credit facilitation, is the first development of Circle Research.

Gemini to Cease Offering Crypto Services in Netherlands in November

[Sep 29, 2023 6:47 AM] Gemini said it is taking the step "due to requirements imposed by the De Nederlandsche Bank (DNB),"

JPEX Crypto Exchange Probe Sees 4 More Arrests: SCMP

[Sep 29, 2023 4:34 AM] Hong Kong and Macau authorities say they've detained people closely linked to the scandal linked to the crypto exchange, bringing total arrests to 18.

We Asked New Yorkers if They’d Heard of Sam Bankman-Fried

[Sep 29, 2023 4:00 AM] To some, Sam Bankman-Fried’s impending trial is one of the biggest stories in recent news, but to many New Yorkers, the name does not strike a chord.

Sam Bankman-Fried Almost Tweeted About His Depression, Drafts Show

[Sep 29, 2023 4:00 AM] FTX founder Sam Bankman-Fried has a right to shape the narrative around him, his lawyers argued during a court hearing last month. Unposted tweets obtained by CoinDesk suggest he may have been trying to craft a new image for himself since as soon…

Bitcoin Traders Eye $28K; Solana, Cardano and Tellor Lead Altcoin Bump

[Sep 29, 2023 3:32 AM] Traders at Japanese exchange Bitbank said in a daily note that they expect bitcoin prices to move towards the $28,000 level, citing ETF optimism.

Fireblocks Acquires Tokenization Firm BlockFold for $10M

[Sep 29, 2023 3:09 AM] The acquisition will expand Fireblocks' capabilities in tokenization including token customization, orchestration, distribution and advisory.

Coinbase Attempts to Plug Void in Crypto Perpetuals Left by FTX

[Sep 29, 2023 2:49 AM] Cryptocurrency exchange Coinbase this week announced that it had received regulatory approval to list perpetual futures on its international exchange.

Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition

[Sep 29, 2023 2:33 AM] The game's growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is shared around more.

Ether Bears Lose $11M as ETF Hopes Lift ETH Prices

[Sep 29, 2023 1:23 AM] There’s a “90% chance” an ether futures ETF will be traded in the first week of October, one analyst said.

Circle Intervenes in Binance’s SEC Case, Argues Stablecoins Aren't Securities

[Sep 29, 2023 12:22 AM] Stablecoins alone can’t be considered securities, argues the USDC issuer, supported by former commodities regulator Heath Tarbert.

Venezuelan Crypto Watchdog Sunacrip Extends Restructuring Period; Community Asks for Clarity

[Sep 28, 2023 10:30 PM] The Venezuelan government has officially announced the extension of the restructuring period for Sunacrip — the national cryptocurrency watchdog — by six months more due to the link of its former head with a corruption scheme. Asonacrip, a national…

Sam Bankman-Fried Scoops Help CoinDesk Win Major Journalism Award

[Sep 28, 2023 7:11 PM] FTX, an industry titan, ended up in bankruptcy court nine days after a November 2022 scoop from CoinDesk’s Ian Allison.

Meta AI Assistant Launches to Compete With Chatbots Like Chatgpt

[Sep 28, 2023 3:30 PM] Meta Platforms, the parent company of Facebook and Instagram, launched its own chatbot based on artificial intelligence (AI) technology. Meta AI provides an alternative to products like Openai’s Chatgpt and is setting out to offer interaction…

Valkyrie Gets Approval to Start Buying ETH Futures For its Existing Bitcoin ETF

[Sep 28, 2023 3:23 PM] The fund's new strategy to combine ether and bitcoin will be effective formally on Oct. 3.

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

[Sep 28, 2023 3:00 PM] It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.)…

Ripple Retracts Acquisition Plans for Fortress Trust

[Sep 28, 2023 2:30 PM] Following the letter of intent to acquire Fortress Trust, Ripple CEO Brad Garlinghouse announced the company has decided “not to move forward with an outright acquisition.” Garlinghouse didn’t cite specific reasons for dropping the deal but…

Here's the Sam Bankman-Fried Trial Schedule

[Sep 28, 2023 2:08 PM] Sam Bankman-Fried's trial is scheduled to start on Oct. 3, but the actual opening arguments are projected to begin a day later, a newly released court trial calendar shows.

Bitcoin Tops $27K as Rates and Oil Retreat; Ether Outperforms on ETF Hopes

[Sep 28, 2023 1:19 PM] Cryptocurrency markets surged higher Thursday, with the price of bitcoin (BTC) breaking above the $27,000 level for the first time alongside easing macro pressures.

Ripple Cancels Plan to Buy Fortress Trust

[Sep 28, 2023 1:10 PM] "While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future," said CEO Brad Garlinghouse.

Coinbase Launches Perpetual Futures Trading for Retail Crypto Traders Outside the US

[Sep 28, 2023 12:00 PM] Coinbase has received a regulatory stamp of approval to start offering perpetual futures trading to retail crypto traders outside the U.S., opening up access to the $5.5 trillion global derivatives market. Coinbase Extends Perpetual Futures Trading…

Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral

[Sep 28, 2023 11:18 AM] JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?

Gemini Pulled $282M Earn Users' Funds From Genesis Last Year to Protect Customers

[Sep 28, 2023 9:04 AM] Gemini said it elected to increase its liquidity reserves owing to the market turmoil throughout the summer of 2022, following events such as the collapse of the TerraUSD stablecoin.

Judge Denies Temporary Release For Sam Bankman-Fried, Suggests He Could Face 'Very Long Sentence'

[Sep 28, 2023 8:55 AM]