Today's news tips:
Coinbase receives major payments license in Singapore
Crypto investment institution Deus X Capital announced its establishment and said it has accumulated $1 billion in investment assets and capital
The Big Short author: SBF considered donating $5 billion to Trump to get him to give up his presidential campaign
The trial of FTX founder SBF will begin tomorrow, with jury selection on the first day
Market: Bitcoin breaks through $28,000
CertiK: 184 security incidents occurred in the third quarter, with a loss of nearly $700 million
Five crypto projects will unlock tokens this week, with a total value of more than $35 million
Grayscale applies to convert its Ethereum Trust Fund into a spot ETF
NFT
Project News
Coinbase receives major payments license in Singapore
Coinbase Singapore has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. Coinbase will develop and release products tailored for Singapore and will conduct training and recruitment programs at the Singapore Technology Center. According to previous news, Coinbase is committed to expanding the range of services it provides to Singapore customers. In March this year, Coinbase opened local bank transfer services for free to Singapore users.
Grayscale applies to convert its Ethereum Trust Fund into a spot ETF
Grayscale Investments and NYSE Arca jointly applied to convert Grayscale’s Ethereum Trust into an Ethereum spot exchange-traded fund (ETF). The filing came after the U.S. Securities and Exchange Commission (SEC) approved the first Ethereum futures ETFs.
Crypto investment institution Deus X Capital announced its establishment and said it has accumulated $1 billion in investment assets and capital
A new cryptocurrency-focused investment firm called Deus X Capital was announced today, with former Galaxy EMEA head Tim Grant as CEO. Deus X said in a statement that it has accumulated $1 billion in investment assets and capital, with an existing portfolio including its wholly owned Netrios and Hilbert Group, Galaxy shares, and venture investments in SEBA, HAYVN and Cryptochill. It has also allocated funds to hedge funds in the field, with the specific amount not yet disclosed.
GSR Markets receives approval-in-principle from the Monetary Authority of Singapore
Cryptocurrency trading firm and liquidity provider GSR announced today that its Singapore subsidiary GSR Markets has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License.
The 171st Ethereum ACDE meeting: Devnet-9 release was postponed again, and Devnet-10 will be launched for Dencun upgrade
Christine Kim, vice president of research at Galaxy, published a summary of the 171st Ethereum Core Developer Executive (ACDE) conference call. Regarding the Dencun test, the release of Devnet-9 has been postponed again. The developer also stated that after the launch of Devnet-9, the 10th Devnet needs to be launched for the Dencun upgrade, and the life cycle of Devnet-10 will be relatively short. The developer will also test the workflow of the validator to obtain MEV using the MEV-Boost software on Devnet-9 and 10.
Trial SBF
The Big Short author: SBF considered donating $5 billion to Trump to get him to give up his presidential campaign
Michael Lewis, author of The Big Short, said in an interview that SBF had considered paying Trump $5 billion to get him to give up his presidential campaign. In addition, SBF had investigated whether the deal was legal. It is reported that SBF was actively involved in political donations. U.S. federal prosecutors have investigated his donations to Democratic and Republican lawmakers. If all charges are proven, SBF could face up to 100 years in prison.
The trial of FTX founder SBF will begin tomorrow, with jury selection on the first day
The trial of FTX founder Sam Bankman-Fried will begin tomorrow with jury selection, a process that could take several days. Michael Popok, executive managing partner of the law firm Zumpano Patricios, said the court will first form a group of 20 to 30 potential jurors and then narrow the number to about nine, plus several alternates. Both sides can challenge the selection of certain jurors and potentially disqualify jurors for cause.
"By the end of Friday, they believe the jury will be seated, which means it will be ready to deliberate," Popok said. Only after that will the court hear opening statements and then hear from the prosecution and then the defense.
Over the next six weeks, U.S. prosecutors will try to prove that SBF intentionally deceived customers and business partners and will present thousands of pages of evidence, including internal documents and audio recordings. The most powerful evidence may come from the memories and personal opinions of SBF's former colleagues, friends and roommates. Prosecutors also said they plan to subpoena FTX customers and investors, including non-U.S. customers, during the trial.
US judge prohibits SBF from blaming lawyers for FTX collapse in opening statement
U.S. District Court Judge Lewis A. Kaplan said on Sunday that SBF cannot blame FTX’s collapse on its lawyers in his opening statement, although he can still try to mount a so-called “advice of attorney” defense later, according to court documents.
Previously, the SBF defense team claimed that FTX lawyers were "involved" in certain decisions of the company. But Judge Kaplan said that this statement without specific details could confuse or bias the jury.
While the judge prevented SBF's defense team from mentioning outside counsel in its opening statements, SBF's lawyers can try to raise the issue later if they notify the judge and the Justice Department in advance and without the jury being present.
Important data
CoinShares: Digital asset investment products saw their first inflow in six weeks last week, with total funds reaching $21 million
According to the CoinShares report, digital asset investment products saw their first inflow in six weeks last week, with a total of $21 million. Bitcoin investment products saw a net inflow of $20.4 million this week, accounting for the majority of inflows, while short-term Bitcoin outflows continued, with $1.5 million last week, bringing the outflow since April to $85 million. In addition, Solana performed well, with inflows of $5 million, which was the 27th week of inflows this year and only 4 weeks of outflows. Ethereum saw outflows for the seventh consecutive week, totaling $1.5 million.
Market: Bitcoin breaks through $28,000
Data: Cryptocurrency market financing in September 2023 was US$505 million, a year-on-year decrease of 72.6%
According to RootData data, the amount of financing in the crypto market in September 2023 was US$505 million, a year-on-year decrease of 72.6% from September 2022 (US$1.848 billion) and a month-on-month decrease of 24.5% from August 2023 (US$669 million). In addition, the number of financings in September was 77, a year-on-year decrease of 44.2%.
CertiK: 184 security incidents occurred in the third quarter, with a loss of nearly $700 million
According to a report by blockchain security company CertiK, a total of 184 security incidents occurred in the third quarter of this year, resulting in a loss of nearly US$700 million in crypto assets, exceeding the US$320 million in the first quarter and US$313 million in the second quarter, making it the "most financially loss-making" quarter of the year.
Data: 5 crypto projects will unlock tokens this week, with a total release value of over $35 million
Token Unlocks data shows that five projects will unlock tokens this week, with a total release value of more than US$35 million.
Sui (SUI) will unlock 34.62 million tokens (about 17.33 million US dollars) at 8:00 on October 3, accounting for 4.02% of the circulating supply;
dYdX (DYDX) will unlock 2.16 million tokens (about $4.42 million) at 23:00 on October 3, accounting for 1.23% of the circulating supply;
Nym (NYM) will unlock 12.5 million tokens (about $1.41 million) at 8:00 on October 6, accounting for 2.26% of the circulating supply;
ImmutableX (IMX) will unlock 18.08 million tokens (about $11.06 million) at 18:00 on October 7, accounting for 1.55% of the circulating supply;
Hashflow (HFT) will unlock 3.23 million tokens (approximately US$1.14 million) at 8:00 on October 7, accounting for 1.84% of the circulating supply.