Today's news tips:
Biden signs short-term spending bill to avoid U.S. government shutdown
China-Germany High-Level Financial Dialogue: Both sides agreed to strengthen exchanges in the field of digital finance on issues such as the development of central bank digital currencies
Hong Kong Police: The total frozen assets in the JPEX case are close to HK$100 million
Brazil launches digital ID based on private blockchain
Bitwise plans to launch two Ethereum futures ETFs, AETH and BTOP, on October 2
Worldcoin’s five market makers hold approximately 35.72 million WLD on the chain
Data: ARK Ark Fund sold more than $25 million of Coinbase shares in September
FTX attacker address transferred 4,750 ETH to THORChain
Regulatory News
US Department of Justice: FTX customers, investors and employees will testify in SBF trial
According to CoinDesk, the U.S. Department of Justice confirmed in two documents filed on Saturday that federal prosecutors hope to subpoena former FTX customers, investors and employees in the upcoming trial of SBF. Customers and investors who own FTX stocks can express their expectations of how FTX will hold their funds, and cooperating witnesses can speak out about their interactions with the defendant and their understanding of the purpose of certain statements and actions of the defendant.
The letter stated that customer witnesses may testify for no more than 30 minutes each time. The U.S. Department of Justice confirmed that former FTX CTO Gary Wang, former FTX engineering director Nishad Singh, and former Alameda Research CEO Caroline Ellison were three cooperating witnesses who all pleaded guilty to charges related to the exchange and will testify in court. Another former FTX executive, Ryan Salame, pleaded guilty but had not agreed to testify in court as of a few weeks ago. The Department of Justice also plans to subpoena at least two other witnesses to testify in court under the granting of immunity, but has not yet made their identities public.
Hong Kong Police: The total frozen assets in the JPEX case are close to HK$100 million
According to Sing Tao Daily, Assistant Commissioner (Criminal) of the Hong Kong Police Force, Chung Wing Man, said that Hong Kong and Macau conducted a joint operation from Tuesday to Thursday (September 26 to 28) and seized and frozen a total of about 24 million yuan in assets, with the total frozen assets approaching 100 million Hong Kong dollars. The investigation has gradually entered the core part of the JPEX fraud network and has locked in the core figures. The investigation will continue to find the mastermind behind the scenes and intercept the stolen money.
U.S. Senate passes short-term spending bill to avoid government shutdown
The U.S. Senate passed a 45-day short-term spending bill with enough votes to provide the government with natural disaster assistance funds to avoid a government shutdown. The bill has been submitted to Biden and signed, and will ensure that the U.S. government remains open until November 17. Earlier in the day, the U.S. House of Representatives passed the bill with 335 votes in favor and 91 votes against and submitted it to the Senate for a vote.
NFT
Project News
China-Germany High-Level Financial Dialogue: Both sides agreed to strengthen exchanges in the field of digital finance on issues such as the development of central bank digital currencies
According to the Ministry of Finance's official website, Chinese Vice Premier He Lifeng and German Finance Minister Lindner co-chaired the third China-Germany High-Level Financial Dialogue in Frankfurt, Germany today. The two sides said in a joint statement: The two sides agreed to strengthen exchanges in the field of digital finance on issues such as the development of central bank digital currencies. The two sides pledged to fully implement the Financial Action Task Force (FATF) standards globally and agreed to strengthen anti-money laundering and anti-terrorist financing cooperation under multilateral frameworks such as FATF.
Brazil launches digital ID based on private blockchain
Brazil is launching a new national identity program powered by blockchain technology, Cointelegraph reported. Rio de Janeiro, Goiás and Paraná will become the first states to issue identity documents on a private blockchain developed by Serpro, Brazil's national data processing service. The decree stipulates that by November 6, Brazil should be able to issue identity documents through blockchain technology throughout the country.
According to local authorities, the national identification project is essential to combating organized crime, allowing government departments to collaborate, providing easier access to services, and streamlining administrative records. The announcement said the newly adopted technology will make data exchange between the Federal Tax Service and government departments more secure. The city of Buenos Aires in Argentina recently revealed a similar initiative that allows residents to access their IDs through digital wallets. Brazil has been working to unify identity issuance in nearly 30 states over the past few years.
Bitwise plans to launch two Ethereum futures ETFs, AETH and BTOP, on October 2
Bitwise Asset Management, a U.S. cryptocurrency index fund management company, announced that its two groundbreaking Ethereum-themed ETFs are scheduled to begin trading on Monday, October 2: Bitwise Ethereum Strategy ETF (code: AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (code: BTOP).
AETH invests in regulated CME Ethereum futures contracts, focusing on front-month contracts. BTOP invests in regulated CME Bitcoin futures contracts and CME Ethereum futures contracts (equal exposure). AETH and BTOP do not directly invest/hold Bitcoin or Ethereum. The fund custodian of both ETFs is Bank of New York Mellon, and the expense ratio is 0.85%.
Important data
Worldcoin’s five market makers hold approximately 35.72 million WLD on the chain
On-chain analyst Yu Jin wrote that when Worldcoin (WLD) was launched in July, it lent a total of 100 million WLD to 5 market makers for liquidity provision. It is stipulated that at the end of the 3-month period, the market makers need to return the coins or buy them at a price of US$2 to US$3.12. It is less than a month away from the end of the 3-month period (10/22), but the recent on-chain trends and WLD holdings of these 5 market makers are as follows:
Wintermute has withdrawn 1.93 million WLD from Binance in the past two weeks;
After Amber Group transferred 19.5 million WLD to various CEXs in July, there has been no recent operation to withdraw WLD from CEXs;
Flow Traders has withdrawn 2.45 million WLD from multiple CEX addresses in the past half month;
After Auros Global transferred 11.5 million WLD to various CEXs in July, there has been no recent operation to withdraw WLD from CEXs;
GSR Markets has withdrawn 4.01 million WLD from multiple CEX addresses in the past month.
Data: ARK Ark Fund sold more than $25 million of Coinbase shares in September
Data shows that ARK Ark Fund sold a total of 333,288 shares of Coinbase (COIN) in September, which is worth approximately US$25.02 million at the current price. As of Friday's close, COIN was trading at US$75.08 per share. In addition, the fund also sold 56,245 GBTC, worth approximately US$1.08 million.
FTX attacker address transferred 4,750 ETH to THORChain
PANews reported on October 1 that on-chain data showed that at 16:17 Beijing time, the FTX attacker address (starting with 0x3E95) transferred 4,750 ETH (about 7.98 million US dollars) to the address starting with 0xcd82. After a series of intermediate addresses (0x8428, 0x68cC), the funds were finally transferred to THORChain. Yesterday, it was reported that the FTX attacker transferred another 2,500 ETH, and a total of 5,000 ETH was transferred in the past three hours.
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