This is the second round of layoffs by the analytics firm in less than 12 months.
Coindesk
Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
Bitcoin slumped below $28,000, and ether dipped below $1670.
Ether Futures ETFs See Low Volume in First-Day Trading
Among the more popular of the new ETFs today, VanEck’s Ethereum Strategy ETF (EFUT) traded just shy of 25,000 shares at a price roughly averaging $17 per share.
Sam Bankman-Fried’s Defense Asks for Clarity on Charity, Bankruptcy Arguments
Attorneys for FTX founder Sam Bankman-Fried asked the judge overseeing the case to clarify his orders around certain proposed arguments, including arguments about FTX’s regulated jurisdictions, bankruptcy recoveries and his charitable work.
Congress Can’t Let Gary Gensler Regulate Digital Assets Out of Existence
We should support an amendment from House Majority Whip Tom Emmer to limit the SEC’s authority over the industry, say Tim Ryan and David McIntosh, co-chairs of the Blockchain Innovation Project.
Is Michael Lewis Throwing Out His Reputation to Defend Sam Bankman-Fried?
The author’ latest book, “Going Infinite,” is an eyewitness account of the fall of FTX’s founder, who Lewis said is “misunderstood.”
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal.
Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may also be tied to the exchange. The DOJ also announced over the weekend that prosecutors intend to call former FTX customers from around the world and investors as witnesses during the trial.
Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter
East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
UK Regulator Saw ‘Poor’ Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.