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Latam Insights: Brazil Launches Nationwide Blockchain ID Program, Venezuelan Crypto Watchdog Extends Restructuring Period

[Oct 2, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil launches a blockchain-based ID card, the Venezuelan cryptocurrency watchdog Sunacrip extends its…

Crypto Investment Firm Deus X Capital Launches With $1B in Assets

[Oct 2, 2023 3:32 AM] Deus X Capital, a family office backed investment firm, launched today with Tim Grant as CEO, the company said in a statement.

Sam Bankman-Fried Saw Missing FTX Billions as ‘Rounding Error,’ Biographer Says

[Oct 2, 2023 2:49 AM] Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.

FTX's Former Auditor Prager Metis Sued by SEC

[Oct 2, 2023 2:36 AM] The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules.

Bitcoin Surges Over $28K, but Analyst Questions ETF Optimism Angle

[Oct 2, 2023 2:17 AM] Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.

Coinbase Obtains Payment License in Singapore

[Oct 2, 2023 2:07 AM] Last week the company attained regulatory approval in Bermuda and registered with Spains central bank.

FTX 'Hacker' Moved 15K ETH This Weekend

[Oct 2, 2023 1:47 AM] More than 15,000 ether (ETH) worth close to $26 million left a wallet associated with last year's attack on FTX this weekend.

Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development

[Oct 1, 2023 4:30 PM] On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years. This financial infusion will be…

FTX's Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge

[Oct 1, 2023 10:38 AM] Sam Bankman-Fried cannot blame FTX's lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called "advice-of-counsel" defense later, the federal judge overseeing his case ruled Sunday.

Bitcoin Ordinal Inscriptions Cool Down After Historic Peak

[Oct 1, 2023 8:30 AM] Bitcoin Ordinal inscriptions have tapered off markedly since September 24, 2023, following a historic peak on September 15. This deceleration emerges as inscriptions nestled within the Bitcoin blockchain verge on the notable 35 million milestone. A…

Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions 

[Oct 1, 2023 12:00 AM] Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover…

‘I Won’t Tell if You Don’t’ — SEC Unearths Alleged Scheme by Do Kwon to Fabricate Terra Transactions

[Sep 30, 2023 4:00 PM] In the wake of the U.S. Securities and Exchange Commission’s (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin. The ex-Terra boss…

FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says

[Sep 30, 2023 3:39 PM] The U.S. Department of Justice said it intends to call FTX customers, investors and cooperating witnesses to testify against Sam Bankman-Fried at trial next week, including a Ukrainian local who would have difficulty getting to the courthouse…

Darknet Marketplace Tor2door Vanishes, Allegedly Swindling a ‘Massive Crypto Escrow Balance’ 

[Sep 30, 2023 12:00 PM] Numerous reports have detailed that a darknet marketplace (DNM) by the name of Tor2door reportedly pulled off an exit scam, making off with a “massive crypto escrow balance.” Discontent began brewing among Tor2door users when the site…

‘FTX Drainer’ Resurfaces: Moves $8M ETH to Defi Platforms

[Sep 30, 2023 10:00 AM] Per onchain evidence, the culprit dubbed the “FTX drainer” shifted 5,000 ethereum valued at approximately $8 million, gauged by today’s exchange rates. This marked the first movement of the funds in nearly a year, with the…

Millions in Ether Tied to FTX Account Drainer on The Move

[Sep 30, 2023 1:35 AM] FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.

SEC Delays Decisions on More Bitcoin ETFs Including That of Blackrock

[Sep 29, 2023 8:00 PM] U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the spot bitcoin exchange-traded funds (ETFs) proposed by several companies. The delays of the applications of financial powerhouse Blackrock, asset manager Valkyrie and…

DOJ's Proposed Jury Questions 'Risks Tainting' Bankman-Fried's Panel, Defense Says

[Sep 29, 2023 7:14 PM] Sam Bankman-Fried's attorneys objected to some of the U.S. Department of Justice's proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case.

Bitcoin Traders Eye Bullish Silver Lining in Looming US Government Shutdown, Says Analyst 

[Sep 29, 2023 4:00 PM] Numerous reports foretell an imminent U.S. government shutdown, given the anticipated failure of a spending bill to secure passage by Saturday evening — a measure meant to sustain operations till mid-November. On the cusp of this shutdown…

BlockFi Says It's Taken Major Step Toward Emerging From Bankruptcy

[Sep 29, 2023 2:59 PM]

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.