Market
Regulation
New UK law grants authorities power to seize crypto without arrest
The Economic Crime and Corporate Transparency Act is part of the UK government's recent initiative to regulate the emerging industry.
Crypto
Bitcoin already in fifth bull market, to reach $125,000 by December 2024 – Matrixport
Bitcoin's fifth bull market is being powered by optimisms of institutional adoption, Matrixport said.
Technology
JPMorgan’s JPM Coin plans retail expansion as it secures $1 billion in daily transactions
A top executive at the bank said the institution was eyeing expanding JPM Coin's use to retailers.
Legal
SBF testimony will detail FTX operations and the role of lawyers
Sam Bankman-Fried's lawyers said his actions were motivated by 'good faith.'
Legal
Sam Bankman-Fried will testify at his own trial
SBF's lawyers have said they intend to call the FTX founder to the stand on Oct. 26 to testify in his own defense.
Layer-2
MATIC falls 5% as Polygon Labs activates next-gen POL token on Ethereum mainnet
Polygon's MATIC is down by around 5% during the last 24 hours, according to CryptoSlate's data.
Exchanges
Coinbase accuses SEC of attempting ‘radical expansion’ of its authority
Coinbase restated that digital assets on its platform are not securities, and the same classification applies to its staking program.
Stablecoins
Cardano’s Input Output taps Algorand ex-CEO for ambitious stablecoin venture
Cardano-based stablecoins have struggled for market share despite the popularity of these assets.
Exchanges
Binance reportedly eyeing foot in Hong Kong through shared resources with HKVAEX
Binance continues to face regulatory issues across several jurisdictions.
Bankruptcy
Bankrupt FTX shifts $10M in assets to Coinbase and Binance
The bankrupt exchange is reportedly eyeing a relaunch of its trading operations.
Politics
Crypto advocate Tom Emmer drops out of the running for Speaker of the House
Emmer has championed various crypto-related bills, including one that prohibits the creation of a CBDC.
NFTs
Polkadot-based Teddy DAO seeks to onboard charitable donors through Web3 education
At the crossroads of charity and technology, Teddy DAO aims to introduce Web3 to conventional donors.