– The US Securities and Exchange Commission (SEC) has deemed recent filings for spot Bitcoin exchange-traded funds (ETFs) as inadequate, causing a delay in the approval process.
– ARK Investment Management is reportedly ahead of BlackRock in the race for a spot Bitcoin ETF, as it still has a previous application pending with the SEC.
– Binance will lose the support of its euro banking partner, Paysafe Payment Solutions, after September 25, leading the exchange to switch to a new service provider for euro deposits and withdrawals.
– FTX has recovered $7 billion in assets so far and is continuing to search for additional assets to cover misappropriations.
– Teneo, the liquidator behind bankrupt hedge fund Three Arrows Capital (3AC), is seeking to recoup $1.3 billion from its founders Su Zhu and Kyle Davies.
– Bitcoin is currently priced at $30,418, Ether at $1,928, and XRP at $0.47.
– The top three altcoin gainers of the week are Compound (COMP), Bitcoin Cash (BCH), and eCash (XEC), while the top three altcoin losers are Conflux (CFX), Sui (SUI), and Stacks (STX).
– Quotes from industry experts include discussions on blockchain technology, cryptocurrency regulation, and the potential of NFTs.
– Glassnode reports that Bitcoin short-term holders are sending coins to exchanges, indicating a potential sell-off if prices rise above $33,000.
– FTX has filed a lawsuit against a former executive, alleging he used “hush money” payments to silence whistleblowers.
– Over $204 million was lost in DeFi hacks and scams in Q2 2023, with 117 incidents reported during the period.
– Revolut US will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) due to regulatory concerns in the country.
– Cointelegraph features include an analysis of investing in memecoins, AI travel booking, and the impact of NFTs in the art market.