Market
Bankruptcy
FTX creditors hope Google’s potential $2B investment in Anthropic will boost recovery prospects
Anthropic, in which FTX and Alameda Research invested a combined $500M, could see a $30 billion valuation if it secures new investments from Google.
Culture
Failed 3AC co-founder Su Zhu $35M villa converted into an ecological urban farm
The transformed building has been used to create a thriving ecosystem encompassing agriculture and aquaculture.
Legal
SBF Trial: Bankman-Fried cannot rely on US unclear crypto regulatory regime in trial, DOJ says
The U.S. crypto regulatory landscape remains unclear as the authorities are yet to formulate laws catering to the industry.
Tokenization
Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn
Ripple recorded significant victories during the reporting period as it secured licensing in Singapore and victory over the SEC.
Exchanges
India to launch global crypto-crime detection database by 2024
The primary objective of this database is to equip law enforcement agencies with the tools to track and compile data regarding illicit cryptocurrency activities.
Technology
Nomic bridge paves way for Bitcoin’s seamless entry into the Cosmos ecosystem
Nomic DAO will take control of the bridge after the planned upgrade.
Technology
South Korean gaming titan Wemade taps Chainlink for interoperable Web3 gaming ecosystem
Chainlink also became the first member of Wemade's COURT consortium.
Legal
Ex-SEC official predicts downfall of FTX’s former CEO SBF in high-stakes trial
Sam Bankman-Fried's trial will begin today, Oct. 3, with jury selections.
Hacks
Around $20M at risk as Friend Tech’s security comes under scrutiny with users reporting SIM-swap attacks
SlowMist founder Cos said Friend.Tech's centralization risks information leakage.
Investments
Grayscale looks to convert discounted $5B Ethereum trust to spot ETF
Grayscale will eliminate the discount in its Ethereum Trust if it converts it into a spot ETF.
Investments
Bitcoin, Solana products lead first crypto investment inflow since mid-August
U.S. investors, however, remain cautious, withdrawing over $19 million from crypto instruments this week.
DeFi
Decentralized exchange volumes slump for six months to lowest levels since January 2021
DEXs trading volumes had soared during the first quarter of the year before the current decline.