Can Sun, former general counsel of FTX, testified that FTX’s Series C1 financing will begin “in the late summer and fall of 2022.” A spreadsheet shows that 15 potential investors, including BlackRock, Google and Apollo, had been interested in participating in this round of financing, with BlackRock and Google having a "moderate" likelihood of investing. The two companies conducted due diligence on FTX before it went bankrupt. In addition, venture capital firms NEA and Qatar Investment Authori...

Can Sun, former general counsel of FTX, testified that FTX’s Series C1 financing will begin “in the late summer and fall of 2022.” A spreadsheet shows that 15 potential investors, including BlackRock, Google and Apollo, had been interested in participating in this round of financing, with BlackRock and Google having a "moderate" likelihood of investing. The two companies conducted due diligence on FTX before it went bankrupt. In addition, venture capital firms NEA and Qatar Investment Authori...

AltIndex data shows that the number of Bitcoin ATMs installed globally fell to its lowest point in two years this month. AltIndex said that since the end of last year, the number of installations has dropped by 7,000 units to 32,500 units, a decrease of 17%. This is an increase from 34,500 units at the end of 2021. The United States, which has the largest number of Bitcoin ATMs, has seen the largest decline, with around 26,700 now. Still, the number of installations in the United States is al...

AltIndex data shows that the number of Bitcoin ATMs installed globally fell to its lowest point in two years this month. AltIndex said that since the end of last year, the number of installations has dropped by 7,000 units to 32,500 units, a decrease of 17%. This is an increase from 34,500 units at the end of 2021. The United States, which has the largest number of Bitcoin ATMs, has seen the largest decline, with around 26,700 now. Still, the number of installations in the United States is al...

Horizen EON, a fully EVM-compatible sidechain and smart contract platform developed and supported by Horizen, officially launched its mainnet today. Horizen EON (Ethereum Open Network) is a scalable blockchain platform optimized for simplified and diverse dapp development. It is compatible with the Ethereum Virtual Machine, leveraging Ethereum’s vast resources and community to easily and seamlessly deploy dapps on Horizen.

Horizen EON, a fully EVM-compatible sidechain and smart contract platform developed and supported by Horizen, officially launched its mainnet today. Horizen EON (Ethereum Open Network) is a scalable blockchain platform optimized for simplified and diverse dapp development. It is compatible with the Ethereum Virtual Machine, leveraging Ethereum’s vast resources and community to easily and seamlessly deploy dapps on Horizen.

Crypto exchange Kraken will suspend all trading related to USDT, DAI, WBTC, WETH and WAXL in Canada, according to multiple customer emails. A Kraken spokesperson said that after extensive consultations with the CSA and OSC, the decision was made to suspend trading of these tokens. Starting from November 30, the deposit and trading functions of the above assets will be discontinued. Starting from December 4, users will no longer be able to withdraw related assets. As of December 5th, any remai...

Crypto exchange Kraken will suspend all trading related to USDT, DAI, WBTC, WETH and WAXL in Canada, according to multiple customer emails. A Kraken spokesperson said that after extensive consultations with the CSA and OSC, the decision was made to suspend trading of these tokens. Starting from November 30, the deposit and trading functions of the above assets will be discontinued. Starting from December 4, users will no longer be able to withdraw related assets. As of December 5th, any remai...

Coingeck data shows that Bitcoin’s market share has increased to more than 49%, reaching its highest point in more than two years. Bitcoin’s dominance has steadily increased, rising from around 38% at the start of the year to 48.85% on October 21, the highest level since April 2021. This surge in dominance can be attributed to a year-long rally that has seen Bitcoin’s price soar 81% since the start of the year. Rebecca Stevens, a researcher at The Block, noted that the increase in dominance r...

Coingeck data shows that Bitcoin’s market share has increased to more than 49%, reaching its highest point in more than two years. Bitcoin’s dominance has steadily increased, rising from around 38% at the start of the year to 48.85% on October 21, the highest level since April 2021. This surge in dominance can be attributed to a year-long rally that has seen Bitcoin’s price soar 81% since the start of the year. Rebecca Stevens, a researcher at The Block, noted that the increase in dominance r...

Polygon Labs has deployed contracts for the project’s next-generation cryptocurrency, POL, on the Ethereum mainnet, following the deployment of a testnet earlier this month. POL is designed to evolve from MATIC and align with the architecture of the upcoming Polygon 2.0 upgrade. The contract address of the POL token on Ethereum is 0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6.

Polygon Labs has deployed contracts for the project’s next-generation cryptocurrency, POL, on the Ethereum mainnet, following the deployment of a testnet earlier this month. POL is designed to evolve from MATIC and align with the architecture of the upcoming Polygon 2.0 upgrade. The contract address of the POL token on Ethereum is 0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6.

DeFi protocol Linear Finance officially stated that it has completed the issuance of all new liquid assets on BSC. Except for LUSD, which retains its original name due to technical reasons, the new liquid assets all end with L (such as BTCL). The Linear Finance team is running a similar process on ETH before rebuilding the PancakeSwap pool and reopening the protocol. According to previous news on September 26, Linear Finance stated that the protocol has been shut down and is undergoing mainte...

DeFi protocol Linear Finance officially stated that it has completed the issuance of all new liquid assets on BSC. Except for LUSD, which retains its original name due to technical reasons, the new liquid assets all end with L (such as BTCL). The Linear Finance team is running a similar process on ETH before rebuilding the PancakeSwap pool and reopening the protocol. According to previous news on September 26, Linear Finance stated that the protocol has been shut down and is undergoing mainte...

Attorneys for Sam Bankman-Fried and the U.S. Attorney have submitted revised proposals to District Judge Lewis A. Kaplan regarding possible jury instructions for consideration in SBF's criminal trial. In a letter submitted to the judge on Thursday, prosecutors asked that the defendant's intent to repay funds misappropriated or fraudulently obtained not be a defense. “During the course of the trial, the defense sought to present evidence and arguments that the defendant’s misappropri...

Attorneys for Sam Bankman-Fried and the U.S. Attorney have submitted revised proposals to District Judge Lewis A. Kaplan regarding possible jury instructions for consideration in SBF's criminal trial. In a letter submitted to the judge on Thursday, prosecutors asked that the defendant's intent to repay funds misappropriated or fraudulently obtained not be a defense. “During the course of the trial, the defense sought to present evidence and arguments that the defendant’s misappropri...

Bloomberg ETF analyst James Seyffart tweeted that Invesco and Galaxy have submitted revised Ethereum spot ETF prospectuses to the US SEC. Invesco will submit its application as early as September 29. There are currently 5 active spot Ethereum ETF applications, the others being VanEck Ethereum ETF, ARK 21shares Ethereum ETF, Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Trust Exchange (ETHE).

Bloomberg ETF analyst James Seyffart tweeted that Invesco and Galaxy have submitted revised Ethereum spot ETF prospectuses to the US SEC. Invesco will submit its application as early as September 29. There are currently 5 active spot Ethereum ETF applications, the others being VanEck Ethereum ETF, ARK 21shares Ethereum ETF, Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Trust Exchange (ETHE).

Derivatives exchange Deribit announced that in view of the sharp market fluctuations, it will increase margin requirements in order to strengthen risk management. The volatility range variable will increase by 5% daily from 45% until it reaches 60%. At the same time, the maximum leverage for Bitcoin and Ethereum futures with expiration dates will be reduced from 50 times to 25 times, and perpetual contracts will not be affected. Deribit chief commercial officer Luuk Strijers said the platform...

Derivatives exchange Deribit announced that in view of the sharp market fluctuations, it will increase margin requirements in order to strengthen risk management. The volatility range variable will increase by 5% daily from 45% until it reaches 60%. At the same time, the maximum leverage for Bitcoin and Ethereum futures with expiration dates will be reduced from 50 times to 25 times, and perpetual contracts will not be affected. Deribit chief commercial officer Luuk Strijers said the platform...

The U.S. Court of Appeals for the DC Circuit officially ruled on the lawsuit between Grayscale and the SEC. The SEC needs to reconsider Grayscale’s application to convert Grayscale GBTC into a Bitcoin spot ETF. The SEC now has the option of approving Grayscale's application or denying it on other grounds. Grayscale spokesperson Jennifer Rosenthal issued a statement after the case was concluded on Monday: "The Grayscale team looks forward to continuing to work constructively with the SEC ...

The U.S. Court of Appeals for the DC Circuit officially ruled on the lawsuit between Grayscale and the SEC. The SEC needs to reconsider Grayscale’s application to convert Grayscale GBTC into a Bitcoin spot ETF. The SEC now has the option of approving Grayscale's application or denying it on other grounds. Grayscale spokesperson Jennifer Rosenthal issued a statement after the case was concluded on Monday: "The Grayscale team looks forward to continuing to work constructively with the SEC ...

On Tuesday, the French National Assembly passed the Sorare bill, introducing the first dedicated regulatory framework for video games utilizing NFTs and cryptocurrency monetization schemes. It was put to a vote in France's National Assembly as part of the wider law on the regulation of digital spaces (SREN), with 561 MPs taking part. Among them, 437 members voted in favor and 77 members voted against. The bill, known as the “Jonum Regime,” which stands for games with monetizable digital ...

On Tuesday, the French National Assembly passed the Sorare bill, introducing the first dedicated regulatory framework for video games utilizing NFTs and cryptocurrency monetization schemes. It was put to a vote in France's National Assembly as part of the wider law on the regulation of digital spaces (SREN), with 561 MPs taking part. Among them, 437 members voted in favor and 77 members voted against. The bill, known as the “Jonum Regime,” which stands for games with monetizable digital ...