The Government Shutting Down Isn’t Great for Crypto
It’s not that crypto was making speedy progress through D.C., but a shutdown will put a lot of gunk in the wheels.
Financial
Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership
The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.
SEC Extends Ark, Global X ETF Deadlines as Government Shutdown Looms
The U.S. Securities and Exchange Commission moved earlier than required to extend a couple of deadlines in the pile of spot bitcoin ETF applications awaiting responses.
U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’
Members of the House Financial Services Committee – two from each party – wrote a letter to Securities and Exchange Commission Chair Gary Gensler urging ETF action.
Blocknative to Suspend MEV-Boost Relay After Economics Fail to ‘Materialize’
The decision followed internal discussions among the company’s leadership and board of directors, and the company plans to focus on “economically viable opportunities.”
Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use
The judge overseeing the FTX founder’s case sorted through some pretrial motions on Tuesday.
Binance’s Liquid Staked Ether Jumps to $1.2B in TVL After Sudden $500M Inflow
The exchange is one of the largest players in ether staking after Lido Finance and Coinbase.
Bitcoin Barely Holds $26K as Interest Rate Surge Continues
Higher yields are taking a toll on traditional assets as well, with the Nasdaq sinking another 1% to its lowest level since early June.
Almost All Crypto Employees Take Pay in Fiat, Pantera Study Finds
The median compensation globally among 570 engineers surveyed was $120,000, with those in North America getting $193,000, up 1.5% versus the prior year, based on the study.
Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan
Binance Japan and Mitsubishi UFJ bank want to help with the country’s Web3 ambitions by issuing stablecoins.