Crypto
Regulation
U.S. Treasury targets crypto mixer transactions as new class of ‘primary money laundering concern’
The Treasury's Financial Crimes Enforcement Network (FinCEN) announced the proposed change on Oct. 19, citing actors such as Hamas, ISIS, and the DPRK as frequent abusers of coin mixers.
Earnings
Tesla maintains Bitcoin holdings while directing resources toward AI
Tesla published its Q3 shareholder deck on Oct. 18, revealing its Bitcoin holdings to be intact while highlighting AI as a company priority.
ETF
Gensler takes questions on spot Bitcoin ETFs, but keeps cards close to chest
The SEC chair declined to comment on specifics but acknowledged the many applications working their ways through the system.
CBDCs
European Central Bank advances CBDC to preparation stage, but still not committed to implementation
The ECB said that the preparation phase will finalize the digital euro rulebook, consider contractors to build the technical infrastructure, and begin testing the technology.
Legal
Evidence shows Bankman-Fried and associates gave $230M to friends, family, politicians, PACs, and special interests
A spreadsheet detailing the recipients of gifts and donations from SBF and his associates was presented at trial today.
Hacks
Fantom Foundation confirms $550K loss in broader $7M attack
While the Foundation's losses were relatively mild, one Fantom employee alone may have lost $3.4 million.
Investments
Cathie Wood says ‘hopes are rising’ for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets
The CEOs of ARK Invest and BlackRock shared their insights on the current state of Bitcoin ETF applications and current market dynamics.
Regulation
Court orders Genesis to produce subpoenaed documents in Terraform Labs case
U.S. District Judge Jed S. Rakoff ordered Genesis to provide the relevant materials within five days after the company failed to comply with an earlier subpoena.
Legal
Nishad Singh testifies to ‘excessive’ spending at Sam Bankman-Fried’s trial
The former director of engineering at FTX claims to have disapproved of Bankman-Fried's lavish spending.
Wallets
MetaMask is back on Apple’s App Store after briefly leaving the platform
The reason for the Ethereum wallet's takedown is still unknown.
Legal
BlockFi CEO Zac Prince testifies to lending relationship with Alameda Research before its collapse
Zac Prince said that Alameda should have been insolvent given the circumstances, but BlockFi was unaware of the true state of its finances.
Legal
Caroline Ellison’s plea deal provides extensive, but not total, immunity from future prosecutions
SDNY prosecutors are not merely writing a letter to courts acknowledging Ellison's cooperation; they have already agreed not to pursue charges if Ellison holds up her end of the deal.