Crypto
ETF
Ethereum futures ETFs launch with modest first day of trading
Valkyrie, VanEck, and ProShares topped the charts on a day of lukewarm trading, with total volumes just touching $2 million.
AI
Jamie Dimon praises AI tech, saying JP Morgan could use it in ‘every single process’
Dimon acknowledged the risk of job displacement, but emphasized that the value and benefits of the technology would outweigh those concerns.
Bankruptcy
BlockFi creditor group approves restructuring plan; lending users await payouts
The company previously opened the claims process to BlockFi Wallet users.
AI
OpenAI in early talks to collaborate with Jony Ive on AI rival to the iPhone
The Japanese banking giant SoftBank is reported to be planning a $1 billion investment in the project.
Legal
Terra’s Do Kwon and Daniel Shin conspired to falsify transactions, chat logs show
The SEC has submitted evidence that the co-founders planned to create fake Terra transactions for a partner platform in order to generate early fees.
Adoption
Polygon adds Google Cloud to its validator set
The tech that powers YouTube and Gmail now supports Polygon's PoS Network.
ETF
SEC launches proceedings to determine fate of spot Bitcoin ETFs, invites public comment
Current filings concern proposals from BlackRock, Valkyrie, Invesco, and Bitwise.
Deals
Ripple abandons Fortress Trust deal after covering $15M loss related to security breach
Ripple is expected to recover the millions of dollars that it paid to Fortress Trust.
ETF
Valkyrie to offer partial Ethereum futures ETF Friday, VanEck prepares to follow suit
Valkyrie's offer begins almost immediately, but most others will start in early October.
Regulation
Biden administration rumored to be working on executive order requiring disclosure of outsized power consumption
Tech giants may be forced to disclose when customers rent large amounts of power if the order materializes.
Regulation
NiceHash becomes latest crypto firm to leave U.K.
The cloud mining service is discontinuing services in the United Kingdom ahead of new FCA regulations.
Legal
Terraform Labs’ defense team says extraditing Do Kwon to the U.S. for SEC testimony is ‘impossible’
Defense lawyers argued that Kwon could not appear for testimony, as he is currently is currently being held in a Montenegrin jail.