“Sam told me to make sure Alameda’s accounts would never get liquidated on FTX,” Wang said.
Tokenized U.S. Treasuries Arrive on Coinbase’s Base with Backed’s RWA Token Issuance
The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider.
U.S. Added 336K Jobs in September, Nearly Doubling Expectations; Bitcoin Slips 1%
The unemployment rate TKTK
First Mover Americas: Ether ETFs Struggle to Gain Traction in First Week
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.
Sam Bankman-Fried’s Lawyers Test the Judge’s Patience
It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.
Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
Bitcoin at ‘Risk of Falling,’ Ether ETFs Lacklustre Performance Dismays Traders
Data shows that broader crypto markets lost just under 1% in the past 24 hours.
THORSwap Pauses Platform After Series of FTX Hack-Linked Trades
A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk.
Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z
The target audience is restaurant users, but the blockchain-based project comes with its own “Flypaper” and fungible FLY tokens.
Bitcoin Enters ‘Quiet Bull Market’ as Safe Haven from Bond Market Turmoil, Analyst Says
Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.
Bitcoin Financial Services Firm Swan Unveils ‘Collaborative Custody’ Service
Swan and Blockstream’s aim is to allow users to retain ultimate control of their bitcoin (BTC) while knowing that is stored in a highly secure way.
Crypto Custody Firm Ledger Cuts 12% of Staff
The company cited macroeconomic headwinds limiting the company’s ability to drive revenue as a reason for the cuts.
Taiwanese Crypto Trader’s 6-Cent Fee Leads to $310K Win in Tax-Receipt Lottery
Sometimes, being tax-compliant pays off.
SBF Trial Witness: Glitch at FTX Overstated Alameda’s Debts by $8B
Blockticity Mints Hemp and Cannabis Certifications on Avalanche
The process works by Blockticity printing a QR code on a product and the QR code then links to a Certificate of Analysis minted as an Avalanche NFT.
Banks Would Have to Disclose Crypto Holdings Under New BIS Plan
The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency
Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
CoinDesk reported earlier this week that Friend.Tech users were seemingly starting to get targeted in SIM swap exploits.
First Mover Americas: DOJ: SBF’s Crypto Empire Was Built on a Lie
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
The employees flagged their discovery to one of FTX’s director of engineering Nishad Singh but the problem never got fixed.