Analysis
Regulation
Australia to introduce crypto regulation mandating licenses for crypto exchanges
Crypto exchanges holding more than $5 million in aggregate or exceeding $1,500 for any individual user will be mandated to obtain an Australian Financial Services License.
RWA
Moscow Stock Exchange looking to issue tokenized real estate assets by 2024
The digital financial assets, or DFAs, are expected to lower the barrier of entry for real estate investments, allowing a broader range of investors to participate in the industry.
Regulation
California governor approves strict crypto regulatory framework for 2025
The legislation — known as the Digital Financial Assets Law — will mandate individuals and businesses engaged in digital asset activities to obtain a regulatory license, similar to banks and money transmitters.
Legal
Second week of SBF’s trial was a torrent of damning evidence, testimony for the former billionaire
The prosecution have come out of the gate swinging since the first day of the trial and continued to put the pressure by calling star witness Caroline Ellison to the stand.
CBDCs
Mastercard creates tech to tokenize CBDCs on multiple blockchains
Mastercard has developed a solution that allows tokenization of CBDCs on multiple blockchains and can control which wallets are allowed to receive the wrapped tokens.
Legal
SBF Trial Day 7 – Audio recordings reveal Ellison told Alameda employees about misuse of customer funds days before collapse
Day seven of the SBF trial concluded Caroline Ellison's explosive testimony and shed light on some of the panic at Alameda in the days before its collapse.
Politics
US lawmakers urge Treasury, IRS to hasten implementation of crypto tax rules by 2 years
In a joint letter addressed to the two regulators, the senators raised concerns over a two-year delay in enforcing the rules, which is expected to cost the federal government billions in tax revenue.
Legal
SBF Trial – Caroline Ellison’s second day of testimony included Thai sex workers, bribery and private messages with SBF
Ellison made further ground-breaking revelations about SBF's ambitions and what really happened behind the scenes before FTX collapsed on the second day of her testimony.
Exchanges
Bitfinex parent company looking to buyback 15M shares at $1.7B valuation
The move is seen as an effort to consolidate its private operations amidst increasing regulatory oversight in the cryptocurrency industry.
Exchanges
SBF Trial Day 5 – How Caroline Ellison’s testimony could become the smoking gun needed for a guilty verdict
According to Ellison, SBF had instructed her to divert billions of dollars from FTX customer funds, which Alameda used for failed investments and to pay off its debt.
Bankruptcy
Caroline Ellison’s testimony expected to dominate the second week of SBF’s trial
The second week of hearings is expected to be dominated by Ellison's testimony — which may take place as early as Oct. 10.
Investments
Venture funding for crypto hits lows last seen in 2020 due to SBF trial fallout
A mere $2 billion was poured into the sector, contrasting sharply with the enthusiasm seen in previous industry peaks, based on data provided by PitchBook.