Crypto
Regulation
European Parliament approves controversial Data Act, which may require kill switches on smart contracts
The measure passed by a huge margin, with 481 votes in favor, 31 votes against, and 71 votes abstaining.
Bankruptcy
Celsius cleared to exit bankruptcy and enact recovery plan
A judge will allow Celsius to pay out CEL tokens and reopen as a mining business as it enters a recovery phase.
ETF
Grayscale inches closer to spot Bitcoin ETF with ‘constructive’ SEC dialogue
Grayscale CEO Michael Sonnenshein said there was no timeline for approval but that the firm and the SEC were in conversation.
Bankruptcy
Former NYSE president, two others vying to buy and revive FTX
Bullish, Proof Group, and Figure Technologies have all expressed interest in buying what remains of the failed exchange.
ETF
Bloomberg analysts point to 8-day window beginning Nov. 9 in which several spot Bitcoin ETFs could see approval
However, there is no indication from the SEC that this will actually happen.
NFTs
Founder who suffered eye damage at Bored Ape Yacht Club event sends ‘formal legal notice’ to Yuga Labs
Asif Kamal claims he was hospitalized for eye and skin damage resulting from overexposure to UV light at Ape Fest.
Regulation
Federal Reserve’s Michael Barr comments on stablecoin regulations, CBDCs
Barr suggested that Congress, not the Fed, should make rules for stablecoins.
Regulation
Half of CFTC’s enforcement cases in the last year involved digital assets
The agency reported that 47 of of the 96 actions in brought in the last year were crypto-related and focused on both well-known and obscure targets.
Regulation
SEC wants to hire crypto experts, but job candidates won’t sell their holdings
The agency's policies require agents working in crypto to divest their assets, which many applicants are unwilling to do.
AI
OpenAI unveils GPT-4 Turbo, custom GPTs, and more at OpenAI DevDay
The upgrades will bring GPT-4's knowledge base up to 2023, increase input capacity, and enable custom tools for users.
Crypto
Elon Musk denies that X, Tesla, or SpaceX will ever issue crypto tokens
While some of his various firms have leaned into making use of existing cryptocurrencies, the billionaire said not to expect native tokens from any of them.
Legal
SBF will likely serve 25 years rather than max sentence, former DOJ prosecutor says
Former FTX CEO Sam Bankman-Fried will finally be sentenced in March 2024.