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- 📅 Mark Your Calendars: SBF's Criminal Trial Starts...
📅 Mark Your Calendars: SBF's Criminal Trial Starts...
In today's edition: 👨⚖️ No bail for SBF, 🌐 Coinbase goes global with perpetual futures, 🚀 Ethereum ETFs, and more!
Dive into Overtime, explore your onchain web3 sportsbook. 40+ leagues. Token rewards. Smart contract security. Join thousands and get in the game today.
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What’s Poppin’?
by Brandy Betz, Rosie Perper and Samyuktha Sriram
The former FTX CEO will spend at least 21 days at his criminal trial which is scheduled to begin on Oct. 4.
The founder and former CEO of FTX will remain in jail throughout his trial.
The cryptocurrency exchange’s international arm previously only allowed institutional users outside of the U.S. to trade perpetual futures.
Investment manager VanEck and a Bloomberg ETF analyst hint that decisions on Ethereum futures exchange-traded funds could be rushed ahead of a government shutdown.
On the Pod…
The trial of Sam Bankman-Fried, the founder and former CEO of bankrupt cryptocurrency exchange FTX, is set to begin on October 3. The 31-year-old is accused of committing wire fraud and conspiracy to commit other types of fraud, in relation to the dramatic collapse of his crypto empire last year, which led to billions in losses. Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection, the potential testimony of key witnesses, and how many years Bankman-Fried may face if he is found guilty.
Daily Bits…✍️✍️✍️
🚫 Ripple CEO Brad Garlinghouse announced the company's decision to not proceed with the acquisition of Fortress Trust, despite a prior letter of intent.
🛡️ Gemini refuted a NY Post article that reported it withdrew $282 million from Genesis last year to bolster its liquidity reserves amid market turmoil.
🔄 Circle intervened in Binance's SEC case, arguing that payment stablecoins do not qualify as securities and are outside of SEC jurisdiction.
🌐 VanEck announced the forthcoming launch of an Ethereum Strategy ETF focused on ETH futures contracts.
🤝 Valkyrie gained approval to incorporate ETH futures into its existing Bitcoin ETF, effective October 3, under the new name Valkyrie Bitcoin and Ether Strategy ETF.
📜 A U.S. House bill is in discussions to create centralized records for off-chain crypto transactions.
🏦 The Bank for International Settlements concluded its CBDC pilot, Project Mariana, suggesting DeFi elements could form future financial market infrastructures.
🐞 GMX awarded Collider’s research team a $1 million bug bounty for identifying a critical flaw in its debt-tracking mechanism.
Today in Crypto Adoption...
🆔 Buenos Aires city government introduced a blockchain-based digital ID service, QuarkID, for storing official documents.
The $$$ Corner…
💰 Web3 startup IYK secured $16.8 million in seed funding led by a16z Crypto, aiming to bridge physical and digital experiences for brands.
What Do You Meme?
Recommended Reads
Unchained: How to Invest in DeFi: 4 Ways You Can Explore Today
Garrett Harper on why crypto’s new narrative is frontends
📈 Your Market Update 📉
BTC is up 2.1%, trading at $27,015
ETH is up 2.8%, trading at $1,672
BTC dominance: 47.14%
Crypto market cap: $1.12T
*All data as of today, 7:15 am ET
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