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 **European regulator publishes second consultation on MiCA**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/storage/uploads/view/51315917d9bc0e5a57106237be41cfa3.jpg

The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 2024.

https://cointelegraph.com/news/european-regulator-publishes-second-consultation-on-mica 
 **Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/b935a109-444d-4753-8429-2115018531b1.jpg

Elon Musk claims the SEC and DOJ are abusing their regulatory powers for personal and political gain to receive punitive action.

https://cointelegraph.com/news/elon-musk-scorns-sec-doj-lawsuit-twitter-purchase 
 **FTX deposits went to account controlled by Alameda for months, Yedidia testifies**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/037f6fac-4b1f-4171-88ad-06728c5f0537.jpg

Yedidia was involved in writing a buggy program to automate FTX customer deposits and withdrawals and was concerned by the size of the Alameda Research liability on the FTX books.

https://cointelegraph.com/news/ftx-deposits-alameda-controlled-account-adam-yedidia-testifies 
 **How will CBDCs be used for political oppression in your country?**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/5ca32752-6677-40a3-a735-c2732540c5cf.jpg

Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life.

https://cointelegraph.com/news/how-will-cbdcs-political-oppression-your-country 
 **'We allowed Alameda to withdraw unlimited funds' — Gary Wang at SBF trial**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/452153c2-04d4-414b-87cc-9f7d9c986742.jpg

According to FTX's former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison.

https://cointelegraph.com/news/alameda-research-withdraw-unlimited-funds-gary-wang 
 **3 reasons why Bitcoin struggles to rally above $28.5K  **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/f30347a4-755e-4db0-8a1f-2bc6791ab5f3.jpg

Bitcoin started the week with an uptick in investor sentiment, but there are three major factors preventing BTC price from recapturing the $30,000 level.

https://cointelegraph.com/news/3-reasons-why-bitcoin-struggles-to-rally-above-29k 
 **3 reasons why Bitcoin is struggling to rally above $28.5K  **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/f30347a4-755e-4db0-8a1f-2bc6791ab5f3.jpg

Bitcoin started the week with an uptick in investor sentiment, but there are three major factors preventing BTC price from recapturing the $30,000 level.

https://cointelegraph.com/news/3-reasons-why-bitcoin-struggles-to-rally-above-29k 
 **Friend​.tech copycat Stars Arena patches exploit after some funds drained**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/fd3f3a05-0a0d-47aa-9bb2-4aa62cf002b9.jpg

Stars Arena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage.

https://cointelegraph.com/news/friend-tech-copycat-starsarena-patches-exploit-after-some-funds-drained 
 **Friend.tech copycat StarsArena patches exploit after some funds were drained**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/fd3f3a05-0a0d-47aa-9bb2-4aa62cf002b9.jpg

StarsArena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage.

https://cointelegraph.com/news/friend-tech-copycat-starsarena-patches-exploit-after-some-funds-drained 
 **Bitcoin due new local low? Watch these BTC price levels as $28K rejects**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/3cbc472d-06cd-49dc-aa79-5b4a30a70f24.jpg

Bitcoin bulls struggle to top their highs from the start of the week, while BTC price forecasts diverge over what could be next.

https://cointelegraph.com/news/bitcoin-new-local-low-btc-price-levels-28k-rejects 
 **Macro factors to spark next crypto bull market in Q2 2024, Real Vision's Raoul Pal says**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/5e4f8a6a-c986-4bb3-9d97-c3e05238df01.jpg

Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal.

https://cointelegraph.com/news/macro-factors-spark-next-crypto-bull-market-q2-2024-real-vision-raoul-pal 
 **College roommate talked to Sam Bankman-Fried about FTX’s $8B hole on a paddle tennis court: Trial**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/9fb63bcb-1327-45cc-b814-97401c1092ee.jpg

Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange’s use of funds, claiming “Alameda had used customer deposits to pay its loans.”

https://cointelegraph.com/news/college-roommate-sam-bankman-fried-ftx-8b-hole 
 **College roommate talked to Sam Bankman-Fried about FTX's $8B hole on a paddle tennis court: Trial**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/9fb63bcb-1327-45cc-b814-97401c1092ee.jpg

Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange's use of funds, claiming "Alameda had used customer deposits to pay its loans".

https://cointelegraph.com/news/college-roommate-sam-bankman-fried-ftx-8b-hole 
 **Friend.tech offers login removal solutions after SIM-swap reports **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/storage/uploads/view/058bd01b4206fa0b7c2a0431a3bf7020.jpg

Friend.tech has enabled features for users to add and remove login methods on personal accounts after SIM-swaps gave hackers access to personal user information.

https://cointelegraph.com/news/friend-tech-support-remove-login-sim-swap-hack 
 **CoinDCX exchange expands self-custody wallet to support 155 countries**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/d5b081ea-43ae-4faf-a7fc-585bda6d87d7.jpg

With Transak’s integration, CoinDCX’s Okto wallet has increased the number of supported jurisdictions from 60 to more than 150.

https://cointelegraph.com/news/crypto-exchange-coindcx-transak-deal-okto-wallet 
 **Pioneering generative artist propelled by personal tragedy — Matt Kane, NFT Creator **

https://cointelegraph.com/magazine/wp-content/uploads/2023/10/Magazine-NFT-Collector-Greg-Oakford-scaled.jpeg

American artist Matt Kane codes a lunar calendar onto the blockchain, inspired by cavemen during prehistoric times.

https://cointelegraph.com/magazine/generative-artist-matt-kane-nft/ 
 **Blockchain key to verifying authenticity of real-world media — Nodle**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/c2593232-da35-4c65-83d0-a05fd9819167.jpg

As AI capabilities continue to evolve, proving the authenticity of real-world images, video and content could hinge on blockchain solutions.

https://cointelegraph.com/news/blockchain-to-verify-real-world-media-authenticity-nodle 
 **FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried trial starts**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/86bb1d55-60cc-4da5-a06e-61ea5623f859.jpg

While the exploiter initially held 175,496 ETH ($294 million), the current balance in their portfolio has come down to $196.014 million after a series of transfers.

https://cointelegraph.com/news/ftx-exploiter-moves-36-8-m-ether-sam-bankman-fried-trial 
 **CBDC will improve tax collection — Argentine central banker**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/c6223a82-3bcc-4cdc-a673-8cc56592d5e4.jpg

Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy.

https://cointelegraph.com/news/cbdc-argentine-central-bank-cbdc-improve-tax-collection 
 **Crypto cards facilitated $3B payment volume post 2021 exchange deals - Visa VP **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/b7fa085c-8be0-451b-8061-52aa7caad9eb.jpg

Visa’s CEMEA head of innovation and design Akshay Chopra reveals that the company’s partnership with cryptocurrency exchanges has facilitated billions of dollars in payment volumes.

https://cointelegraph.com/news/visa-crypto-cards-facilitate-3-b-dollars-payments-after-2021 
 **Crypto cards facilitated $3B payment volume since 2021 exchange deals — Visa exec **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/b7fa085c-8be0-451b-8061-52aa7caad9eb.jpg

Visa executive Akshay Chopra reveals that the company’s partnerships with cryptocurrency exchanges have facilitated billions of dollars in payment volume.

https://cointelegraph.com/news/visa-crypto-cards-facilitate-3-b-dollars-payments-after-2021 
 **Crypto cards facilitated $3B payment volume since 2021 exchange deals — Visa exec **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/b7fa085c-8be0-451b-8061-52aa7caad9eb.jpg

Visa’s CEMEA head of innovation and design, Akshay Chopra, reveals that the company’s partnerships with cryptocurrency exchanges have facilitated billions of dollars in payment volume.

https://cointelegraph.com/news/visa-crypto-cards-facilitate-3-b-dollars-payments-after-2021 
 **Hong Kong crypto VC opens $100M fund for Asian blockchain startups **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/22d360a5-ca5f-44f6-9b69-8ae2bbdae0d0.jpg

The crypto fund, named Titan Fund, has already made five investments in different blockchain startups with two going toward Hong Kong-based projects.

https://cointelegraph.com/news/crypto-vc-hong-kong-100-m-fund-asian-blockchain-startups 
 **Hong Kong crypto VC opens $100M fund for Asian blockchain startups**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/22d360a5-ca5f-44f6-9b69-8ae2bbdae0d0.jpg

The “Titan Fund” has already made five investments in different blockchain startups, with two going toward Hong Kong-based projects.

https://cointelegraph.com/news/crypto-vc-hong-kong-100-m-fund-asian-blockchain-startups 
 **Wrapped Crypto Tokens, Explained**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/storage/uploads/view/e6e8df668ad0ff341a5e388fcbeae39b.jpg

Wrapped tokens are blockchain assets that represent other assets from different blockchains, facilitating interoperability within specific ecosystems.

https://cointelegraph.com/explained/wrapped-crypto-tokens-explained 
 **12 people will decide the fate of former FTX CEO Sam Bankman-Fried**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/325370cd-fd31-4dc8-8d7c-c1421dc58c1b.jpg

45 prospective jurors were narrowed down to 12 after they were asked to discuss their background, employment, education, partners, children and their age.

https://cointelegraph.com/news/ftx-founder-sam-bankman-fried-sbf-trial-jury-revealed 
 **Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/fe74721c-c5c9-438b-ab44-f118f6246d5c.jpg

Marathon Digital, in particular, produced 1,242 Bitcoin in September, which accounted for a record 4.3% share of Bitcoin miner rewards.

https://cointelegraph.com/news/bitcoin-miner-marathon-digital-riot-platforms-increase-btc-production 
 **Here’s what happened in crypto today**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-06/78d78761-3bd2-4569-96a7-62a97f0a1b0a.jpg

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

https://cointelegraph.com/news/what-happened-in-crypto-today 
 **Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/687b4641-7cb8-4c09-aa4e-945615109bed.jpg

The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows.

https://cointelegraph.com/news/central-banks-unfamiliar-challenges-cbdc-inclusivity-study-says 
 **Argentinian presidential candidate wants CBDCs to 'solve' hyperinflation**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/e18a185a-41e6-4318-b9b9-84a2313a8abc.jpg

Sergio Massa’s stance on central bank digital currencies appears to be in complete opposition to Javier Milei, a pro-Bitcoin candidate who wants to abolish Argentina’s central bank.

https://cointelegraph.com/news/argentina-presidential-candidate-push-cbdc-solve-hyperinflation-elections 
 **Judge rejects SEC’s motion to file an appeal against Ripple ruling**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/1a5973f0-b2a9-43f4-b646-1e50a7f83177.jpg

District court judge Analisa Torres denied the SEC's motion to file an appeal, claiming that the regulator did not meet its burden to show that were substantial grounds for difference of opinion.

https://cointelegraph.com/news/sec-motion-file-ripple-xrp-interlocutory-appeal-denied 
 **Judge rejects SEC’s motion to file an appeal against Ripple ruling**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/1a5973f0-b2a9-43f4-b646-1e50a7f83177.jpg

District court judge Analisa Torres denied the SEC's motion to file an appeal, claiming that the regulator did not show that were substantial grounds for difference of opinion.

https://cointelegraph.com/news/sec-motion-file-ripple-xrp-interlocutory-appeal-denied 
 **US Treasury sanctions crypto wallets as authorities crack down on fentanyl**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/f4702b2d-5465-4d75-868f-71f8d1949c38.jpg

According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets "received millions of USD funds over hundreds of deposits" used for illicit drugs.

https://cointelegraph.com/news/us-treasury-sanctions-crypto-wallets-fentanyl 
 **Cardano stablecoin project gambled away investors’ money before rug: Report**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/f6273b66-86ae-4d27-b8b4-54ef7f2def22.jpg

Ardana claimed to be creating a stablecoin platform on Cardano, but new evidence suggests it may have lost investors’ money in bad crypto trades.

https://cointelegraph.com/news/cardano-stabledcoin-project-gambled-away-investors-money-before-rug 
 **FTX execs who pleaded guilty among names of potential witnesses in Sam Bankman-Fried’s criminal case**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/12a091d3-0a84-4b74-b4d2-319413db0275.jpg

According to reports from the courthouse, Assistant U.S. Attorney Danielle Sassoon named Caroline Ellison, Gary Wang, and Nishad Singh among those who may offer testimony.

https://cointelegraph.com/news/ftx-execs-witnesses-sam-bankman-fried-criminal-trial 
 **FTX execs who pleaded guilty are potential witnesses in Sam Bankman-Fried’s criminal case**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/12a091d3-0a84-4b74-b4d2-319413db0275.jpg

According to reports from the courthouse, Assistant U.S. Attorney Danielle Sassoon named Caroline Ellison, Gary Wang and Nishad Singh among those who may offer testimony.

https://cointelegraph.com/news/ftx-execs-witnesses-sam-bankman-fried-criminal-trial 
 **Here’s what happened in crypto today**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-06/78d78761-3bd2-4569-96a7-62a97f0a1b0a.jpg

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

https://cointelegraph.com/news/what-happened-in-crypto-today 
 **Sam Bankman-Fried sues insurance company for defense costs as trial opens**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/0170c9af-fe9e-4624-909f-5562a06a462d.jpg

SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.

https://cointelegraph.com/news/sam-bankman-fried-sues-insurance-company-defense-costs-trial-opens 
 **Alex Mashinsky's jury trial scheduled for September 2024 **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/3249e238-60ba-4998-b796-8f98d3caae68.jpg

According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.

https://cointelegraph.com/news/alex-mashinsky-trial-september-2024 
 **As trial begins, Sam Bankman-Fried's lawyers push to exclude testimony from FTX users**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/8081a93f-9641-4e75-a6ea-83bfca23000d.jpg

Sam Bankman-Fried's legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets.

https://cointelegraph.com/news/sam-bankman-fried-exclude-testimony-ftx-customers 
 **Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/155fc30a-9f06-4287-b6b9-694b6aa74b86.jpg

Distributed Technologies Research has launched DRAM, a Dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency.

https://cointelegraph.com/news/abu-dhabi-firm-launches-dirham-backed-stablecoin 
 **Exclusive: Hackers selling discounted tokens linked to CoinEx, Stake hacks**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/61d6dff0-8257-408a-95cb-c52d3cedd1b4.jpg

Blockchain analytics firm Match Systems has contacted an individual who is believed to be selling tokens linked to the recent CoinEx and Stake hacks at discounted prices.

https://cointelegraph.com/news/exclusive-hackers-selling-stolen-tokens-coinex-stake 
 **AI can be used in 'every single process' of JPMorgan’s operations, says CEO **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/328c23ff-871c-4aaa-acb5-cd05bb2aeec8.jpg

JPMorgan’s CEO Jamie Dimon pointed to trading, hedging, research and error detection as just some of the processes that can be streamlined by AI.

https://cointelegraph.com/news/ai-every-single-process-jpmorgan-ceo-jamie-dimon 
 **6 Questions for JW Verret — the blockchain professor who’s tracking the money**

https://cointelegraph.com/magazine/wp-content/uploads/2023/10/JW-Verret-scaled.jpeg

J.W. Verret is the “Blockchain Professor.” He may be tracking your money, but he’s advocating for crypto.

https://cointelegraph.com/magazine/6-questions-for-jw-verret-an-attorney-whos-tracking-the-money-but-advocating-for-crypto/ 
 **6 Questions for JW Verret — the blockchain professor who’s tracking the money**

https://cointelegraph.com/magazine/wp-content/uploads/2023/10/JW-Verret-scaled.jpeg

J.W. Verret is the “Blockchain Professor.” He may be tracking your money, but he’s advocating for crypto.

https://cointelegraph.com/magazine/6-questions-for-jw-verret-an-attorney-whos-tracking-the-money-but-advocating-for-crypto/ 
 **Class-action suit filed against Binance for alleged harm to FTX before its collapse**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/dca70ed3-6097-4421-b4b8-bcbea7f755cb.jpg

A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.

https://cointelegraph.com/news/class-action-suit-filed-against-binance-alleged-harm-ftx-collapse 
 **Investors drop class-action lawsuit against Terraform Labs and Do Kwon**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/9aa7c7f3-6fc8-4e82-a9be-1d098f187c2a.jpg

The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro.

https://cointelegraph.com/news/investors-drop-lawsuit-terraform-labs-do-kwon 
 **Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/a9f93ad9-b0a6-4cf6-8215-7164456da300.jpg

The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”

https://cointelegraph.com/news/volatility-shares-cancels-etheruem-eth-etf-futures-launch 
 **Tokenization is “securitization done on steroids" — Franklin Templeton CEO**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/c480b5cb-e086-41d7-b38f-2e3fc377bb1c.jpg

Speaking at CNBC’s Delivering Alpha event, Jenny Johnson discussed how digital assets are disrupting securitization and the financial markets.

https://cointelegraph.com/news/tokenization-securitization-on-steroids-franklin-templeton-ceo 
 **Microsoft to form nuclear power team to support AI: Report **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/0803f2af-03a2-4586-ae02-ac0863e684d9.jpg

Microsoft is forming a new team of professionals to advance its artificial intelligence plans with Small Modular Reactors and microreactors.

https://cointelegraph.com/news/microsoft-form-nuclear-power-team-support-ai 
 **Crypto synthetic assets, explained**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/storage/uploads/view/0368e18e23707886d680ab37d9d15420.jpg

A synthetic asset represents real-world assets digitally, created and traded on blockchain networks, mirroring the value and behavior of its underlying counterpart.

https://cointelegraph.com/explained/crypto-synthetic-assets-explained 
 **FTX exploiter moved more than $17.1M in ETH within the last 24 hours**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/4852ed36-41a9-4cc8-ac98-7497ff8c1b34.jpg

Within these transactions, a significant portion of 7,749 ETH, equivalent to $13 million, was directed toward the Thorchain router and Railgun contract.

https://cointelegraph.com/news/ftx-exploiter-moved-more-than-17m-in-eth-within-the-last-24-hours 
 **DOJ readies witnesses in Bankman-Fried trial, spotlight on FTX assets**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/831b0a83-8552-47bb-b214-a0b62fa5ead3.jpg

This initiative also encompasses their comprehension of Sam Bankman-Fried's remarks and conduct, particularly regarding FTX's asset management.

https://cointelegraph.com/news/doj-readies-witnesses-in-bankman-fried-trial-spotlight-on-ftx-assets 
 **Vitalik Buterin voices concerns over DAOs approving ETH staking pool operators**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/7deb7d0f-df82-4c0f-b156-a9d5d62f20dd.jpg

The Ethereum co-founder proposes a solution that could lower the likelihood of any individual liquid staking provider growing to a point where it poses a systemic risk.

https://cointelegraph.com/news/vitalik-buterin-dao-staking-pool 
 **SEC initiates legal action against FTX's auditor**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/4314aa5d-b9a1-464d-ba01-0cb564b574ad.jpg

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.

https://cointelegraph.com/news/sec-lawsuit-prager-metis-audit-ftx 
 **SEC initiates legal action against FTX’s auditor**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/4314aa5d-b9a1-464d-ba01-0cb564b574ad.jpg

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.

https://cointelegraph.com/news/sec-lawsuit-prager-metis-audit-ftx 
 **Ether futures ETFs launching, SBF trial to begin and 3AC’s Su Zhu arrested: Hodler’s Digest, Sept. 24-30**

https://cointelegraph.com/magazine/wp-content/uploads/2023/09/sep-30-scaled.jpg

Ether futures ETFs to debut in the United States, Sam Bankman-Fried’s trial to begin and 3AC co-founder Su Zhu arrested.

https://cointelegraph.com/magazine/ether-futures-etfs-launching-sbf-trial-to-begin-and-3acs-su-zhu-arrested-hodlers-digest-sept-24-30/ 
 **Brazil rolls out blockchain-based digital ID**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/bb7cd747-d96c-4e72-a782-2453f2e3f794.jpg

Brazil is launching its new national identity program powered by blockchain technology. Rio de Janeiro, Goiás and Paraná will be the first states to issue identification documents on-chain.

https://cointelegraph.com/news/brazil-rolls-out-blockchain-based-digital-id 
 **Expect new crypto regulations to follow Bitcoin ETFs**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/bfa8c91a-4027-4678-8a31-69d7e3070476.jpg

Will Bitcoin ETFs attract more regulatory attention to the crypto industry? We can only hope because many questions need to be answered.

https://cointelegraph.com/news/expect-new-crypto-regulations-bitcoin-etfs 
 **VanEck to donate 10% of profits from Ether ETF to core developers**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/6031b78c-bf56-446f-b901-19648ed961f0.jpg

The Protocol Guild, a team of over 150 Ethereum core developers, will be the beneficiary. VanEck argues that asset managers should give back some Ether ETF proceeds to the community.

https://cointelegraph.com/news/vaneck-donate-profits-from-ether-etf-core-developers 
 **AI tech boom: Is the artificial intelligence market already saturated? **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/4da5e6a8-5054-4d62-bfdd-83ca1836fa40.jpg

The AI sector has seen rapid investment over the last two years, but does that mean the market is overheated?

https://cointelegraph.com/news/ai-market-saturated-investment 
 **Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/6c6afbdd-df57-4ef1-9ee0-43510f8dccfc.jpg

Bitcoin remains on track to produce surprisingly solid September performance, but BTC price remains down over 11% in Q3.

https://cointelegraph.com/news/bitcoin-price-best-september-since-2016 
 **Leased proof-of-stake (LPoS), explained**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/storage/uploads/view/370dbb45232b3bf31514794457e820ef.jpg

This article provides a deep dive into leased proof-of-stake (LPoS), establishing how it works, its benefits, key features and its role in blockchains.

https://cointelegraph.com/explained/leased-proof-of-stake-lpos-explained 
 **Paradigm accuses SEC of bypassing rules in Binance lawsuit**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/c2e0ebfd-a456-48ef-bb7e-e161c46b9e4b.jpg

Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process.

https://cointelegraph.com/news/paradigm-accuses-sec-of-bypassing-rules-in-binance-lawsuit 
 **Sam Bankman-Fried's lawyer challenges US gov't proposed jury questions **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/323d6d6c-6e90-4c95-bab0-bc3c531801f4.jpg

Sam Bankman-Fried's lawyer asserts that the proposed questions already insinuate his guilt in fraud and money laundering.

https://cointelegraph.com/news/sam-bankman-fried-lawyer-jury-questions 
 **Sam Bankman-Fried’s lawyer challenges US gov’t proposed jury questions**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/323d6d6c-6e90-4c95-bab0-bc3c531801f4.jpg

Sam Bankman-Fried’s lawyer asserts that the proposed questions already insinuate his guilt in fraud and money laundering.

https://cointelegraph.com/news/sam-bankman-fried-lawyer-jury-questions 
 **Do Kwon dismisses Slack chat records as irrelevant evidence**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/d1115d00-50f0-4116-a482-fad803b45599.jpg

Leaked Slack conversations between Terraform Labs co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions.

https://cointelegraph.com/news/terraform-labs-do-kwon-slack-chat-evidence 
 **Do Kwon dismisses Slack chat records as irrelevant evidence **

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/d1115d00-50f0-4116-a482-fad803b45599.jpg

Leaked Slack conversations between Terraform Labs co-founders, Do Kwon and Daniel Shin, have exposed their contemplation of orchestrating fraudulent transactions.

https://cointelegraph.com/news/terraform-labs-do-kwon-slack-chat-evidence 
 **Crypto Biz: Kraken offers stock trading as exchanges adapt to changing regulations**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/0ae63f9d-9e38-43ca-8a13-221be06ae54a.jpg

This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium, and an oil company in Argentina investing in crypto mining.

https://cointelegraph.com/news/crypto-biz-kraken-offers-stock-trading-exchanges-adapt-regulations 
 **Industry leaders and policymakers weigh in on a potential US gov’t shutdown**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/bcac3145-b87b-4c33-b24f-8e3c933f4320.jpg

A U.S. government shutdown is not inevitable, but even if one lasts for just hours or days, lawmakers’ priorities on their return may not be digital assets.

https://cointelegraph.com/news/industry-leaders-policymakers-government-shutdown 
 **Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/1b32e456-c4f3-4ad8-915e-ef8bde0763d3.jpg

The losses on U.S. Treasurys recently surpassed $1.5 trillion, and the likely outcome is turbulent markets, but how will Bitcoin price fare?

https://cointelegraph.com/news/bitcoin-inflation-hedge-theory-tested-rising-interest-rates-bring-turbulence-markets 
 **Here’s what happened in crypto today**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-06/78d78761-3bd2-4569-96a7-62a97f0a1b0a.jpg

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

https://cointelegraph.com/news/what-happened-in-crypto-today 
 **Chainlink multisig rules face speculation, Mixin offers $20M bounty: Finance Redefined**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/3e26d50c-435e-4a74-81dc-e5470dfc90c9.jpg

Mixin Network has offered a $20 million bug bounty to the exploiter behind a $200 million hack to return the remaining funds.

https://cointelegraph.com/news/chainlink-quietly-changes-multisig-rules-mixin-offers-20m-bounty-finance-redefined 
 **Georgia preparing limited live CBDC pilot, considering Ripple among tech providers**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/f0b23310-e1a5-4c86-aa0b-9bfe01efda64.jpg

As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom.

https://cointelegraph.com/news/georgia-cbdc-pilot-ripple-tech-providers 
 **Costo sells out of gold bars, but is it a better investment than Bitcoin?**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/9fc6ff5d-9601-42eb-8250-8a458f3de7e7.jpg

Gold bars recently sold out at Costco, reflecting investors’ souring mood about the economy. Is there a silver lining for Bitcoin?

https://cointelegraph.com/news/costo-sells-out-of-gold-bars-is-it-a-better-investment-than-bitcoin 
 **Bitcoin ETFs: A $600B tipping point for crypto**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/4379bba1-b987-4bc9-87fd-e6a96917868a.jpg

A new report indicated Bitcoin ETFs could release $600 billion in new demand — double Bitcoin’s current market cap. Here’s some math behind the estimates.

https://cointelegraph.com/news/bitcoin-etfs-600-billion-tipping-point-crypto 
 **Valkyrie backtracks on Ether futures contract purchases until ETF launch**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/e533c9a8-bd29-4d9b-b738-1d30c05d9ae3.jpg

Bloomberg analyst Eric Balchunas speculated that the SEC may have pressured Valkyrie to halt ETH futures contract purchases until the ETF was officially approved.

https://cointelegraph.com/news/valkyrie-backtracks-ether-futures-etf-launch 
 **Why is Ether (ETH) price up today?**

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-01/62a9e911-43a2-4cc4-92a1-f4819d8f0db5.jpg

Ether’s price is up today as traders weigh the possibility of an Ethereum futures ETF launching and a weaker than anticipated inflation print.

https://cointelegraph.com/news/why-is-ethereum-eth-price-up-today