Frax Finance Says its Domain Name Has Been Hijacked
Frax founder Sam Kazemian says his team has been “left in the dark” by the domain registrar as to what happened.
Financial
As Sam Bankman-Fried Fraud Trial Nears Close, a Terse Judge Sets Jury Instructions
Bankman-Fried’s lawyers argued the jury should be instructed on English law because it governed FTX’s terms of service. “I apply the law of New York,” Judge Lewis Kaplan said.
Bitcoin Saw 27% October Surge as Traders ‘Panic Bought’ Amid Bitcoin ETF Enthusiasm. Is $40,000 Next?
The crypto rally was broad, as all CoinDesk sector indexes posted 7% to 32% advances.
AI-Related Tokens Stumble After White House Executive Order
Critics of President Biden’s action wonder if innovation could be stifled.
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
The Staff Accounting Bulletin 121 said customers’ crypto assets in banks should be held on the banks’ own balance sheets. That should have been a rule, not guidance, the GAO says.
Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether’s Practice
The action represents a move towards main competitor Tether’s practice to limit access for retail users.
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
The USDT stablecoin currently has a market cap of roughly $84 billion.
BlackRock’s Bitcoin ETF Might Have Trading Support of Heavyweights Like Jane Street, Jump and Virtu: Source
Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths.
Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
Stand With Crypto, the campaign that’s meant to bombard lawmakers with crypto supporters in their own backyards, says it’s off to a fast start (with a lot of help from Coinbase).
LIVE: Sam Bankman-Fried Retakes Stand After Rough Cross-Ex in FTX Fraud Trial
The defendant has tried to present an alternative explanation of his exchange’s collapse, but prosecutors quickly punctured that narrative.