Crypto for Advisors: AI – Friend or Foe to the Advisor?
Jordi Visser from Weiss Multi-Strategy Advisers discusses the impact AI could have on investing and what to watch out for.
Financial
Europe’s Crypto Industry Wants Staking Clarity as Regulations Loom
The EU and UK may both be contemplating new rules to cover crypto staking — as regulatory action in Switzerland and Singapore offers a cautionary tale.
Judge Denies Temporary Release For Sam Bankman-Fried During Trial
Bankman-Fried’s lawyers had requested that he be released for the duration of his trial to ensure that he is able to review material and speak with his counsel.
Gemini Pulled $282M Earn Users’ Funds From Genesis Last Year to Protect Customers
Gemini said it elected to increase its liquidity reserves owing to the market turmoil throughout the summer of 2022, following events such as the collapse of the TerraUSD stablecoin.
Major TradFi Player VanEck Readies Ethereum Futures ETF
VanEck Ethereum Strategy ETF (EFUT) will invest in ETH futures contracts traded on commodity exchanges registered with the CFTC.
FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B
One top distressed-debt investor describes FTX claims as the “hottest ticket in town.”
Crypto Observers Warn of Risk Aversion as Oil Prices Top $93
WTI crude oil has surged 30% higher this quarter, a rally that could feed into inflation, forcing central banks to keep rates elevated for longer than expected.
Coinbase Receives Regulatory Approval to List Perpetual Futures Trading to Users Outside US
The company has been looking to expand globally and announced its international exchange in May this year.
Ethereum Developers Try for Second Time to Launch New Holesky Test Network
The original planned launch date of Holesky, on Sept. 15, was supposed to celebrate the one-year anniversary of Ethereum’s historic “Merge” transition. But things didn’t go so smoothly. Now developers are trying again.
IOTA Network to Debut ShimmerEVM’s Smart Contracts and Tokens
Users can also send SMR tokens (and in the future NFTs and custom Native Assets) to the ShimmerEVM through Firefly.