Bitcoin Drops Below $28K on Profit Taking; DOGE, TRX Lead Altcoin Slump
BTC traded just over $27,600 in Asian afternoon hours on Tuesday, while Ether dropped 3.5% amid a dismal first day of ETH futures ETF trading in the U.S.
Financial
Blockchain Analytics Firm Chainalysis Cuts 15% of Staff
This is the second round of layoffs by the analytics firm in 2023.
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.
Sam Bankman-Fried’s Defense Asks for Clarity on Charity, Bankruptcy Arguments
The trial for the founder of the collapsed crypto exchange FTX is scheduled to start Tuesday, and his lawyers are scoping out the range of arguments they might present.
Ether Futures ETFs See Low Volume in First-Day Trading
“Pretty meh volume” for the group, said one analyst.
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
The Federal Reserve’s inspector general studied the bank’s collapse and concluded the Fed’s examiners failed to quickly flag its problems and managers were “ineffective.”
Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
Sam Bankman-Fried’s trial is set to start this Tuesday, and some of his former closest friends, have become his biggest threat.
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.
Chainlink Unveils ‘Data Streams’ to Reduce Latency, Expands Decentralized Computing
The company launched Chainlink Veri Streams and announced new decentralized computing capabilities.