LIVE: Caroline Ellison Starts Day 2 of Testimony Against Sam Bankman-Fried
Ellison previously testified that Alameda used FTX customer funds to make investments and repay its debts.
Financial
EU Markets Regulator Warns of DeFi’s ‘Serious Risks’
ESMA, responsible for rulemaking under the bloc’s landmark new crypto law MiCA, is worried about new forms of market manipulation when there’s no central counterparty
Tornado Cash Trading Volumes Nosedived 90% After U.S. Sanctions
While North Korean hackers have mostly moved to other Bitcoin mixers, some illicit use of Tornado Cash continues, a report from TRM Labs says.
Crypto Prime Broker Membrane Labs Raises $20M From Brevan Howard, Point72 and Jane Street
Other notable names included in the Series A round were Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, QCP Capital, GSR Markets, Belvedere Trading, and Framework Ventures.
First Mover Americas: JPMorgan Goes Live With First Blockchain-Based Collateral Settlement
The latest price moves in crypto markets in context for Oct. 11, 2023.
U.S. State Regulators Intervene in Coinbase’s Unregistered Securities Case
Amicus briefs filed to support the SEC argue crypto is insignificant, only used for speculation, and captured by existing investor-protection rules.
Bitcoin Is Fundamentally Different From Other Cryptocurrencies: Fidelity Digital Assets
The crypto’s first technological breakthrough was not as a superior payment method but as a superior form of money, the report said.
Ellison Was CEO But SBF Was Still Boss at Alameda, Her Testimony Suggests
Unforgettable moments from Caroline Ellison’s first day testifying.
HODLers Stash BTC Worth $1.35B Each Month, Onchain Data Show
The continued accumulation shows tightening supply and a widespread reluctance to transact, according to Glassnode.
JPMorgan Debuts Tokenized BlackRock Shares as Collateral with Barclays
BlackRock said tokenization of money market fund shares as collateral in clearing and margining transactions would dramatically reduce the operational friction in meeting margin calls.