Ether futures ETFs launching, SBF trial to begin and 3AC’s Su Zhu arrested: Hodler’s Digest, Sept. 24-30

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Ethereum futures ETFs to begin trading next week

On Sept. 28, the firm informed Cointelegraph that its Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin futures “under one wrapper,” making it one of the very first companies to do so in the middle of several pending applications with the U.S. Securities and Exchange Commission. Starting Oct. 3, the funds name will be upgraded to the Valkyrie Bitcoin and Ether Strategy ETF.

SBF trial dates exposed: FTX founder to stand trial over 6 weeks

Previous FTX CEO Sam “SBF” Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will start in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket. The very first official date of the Bankman-Fried trial is Oct. 4, where the individuals will start discussing seven scams charges laid against SBF. If thought about guilty of fraud, Bankman-Fried is most likely to invest the rest of his life in prison, legal experts described to Cointelegraph.

3ACs Su Zhu apprehended in Singapore

Co-founder of Three Arrows Capital (3AC) Su Zhu was detained at Changi Airport in Singapore while attempting to leave. Teneo, the joint liquidator of the now-bankrupt hedge fund, told Cointelegraph that Zhus arrest followed a committal order from the Singapore Courts, which is an instruction utilized to lock up somebody for contempt of court. On Sept. 25, Teneo secured this committal order, alleging that Zhu didnt abide by a court order. His arrest is part of a continuous investigation to recover funds for 3ACs creditors. The $10 billion hedge fund crashed in 2022 due to the collapse of the Terra community. A comparable committal order was granted versus Kyle Davies, also co-founder of 3AC. His whereabouts stay unidentified.

Binance urges users to convert euros to USDT after Paysafe debank

Binance has cautioned its European users to convert their euro (EUR) balances to Tether by Oct. 31 due to the loss of support from its banking partner, Paysafe. Paysafe stopped processing EUR deposits for Binance users on Sept. 25. While EUR withdrawals to checking account stay offered, Paysafe users will not be able to participate in EUR area trading. Binances token swap function, Binance Convert, will also restrict EUR transactions. Paysafe previously assisted in fiat deposits and withdrawals for Binance users in Europe, including through bank transfer in the European Unions Single Euro Payments Area. The move is the most recent to contribute to Binances regulative and debanking issues in the West.

SEC delays spot Bitcoin ETF decision for BlackRock, Invesco and Bitwise

The U.S. Securities and Exchange Commission has once again delayed its decision on several spot Bitcoin ETF applications, including those from BlackRock, Invesco, Bitwise and Valkyrie, ahead of a prospective federal government shutdown. These hold-ups came 2 weeks before the applicants anticipated 2nd deadline.

Losers and winners

” You [Gary Gensler] are kneecapping the U.S. capital markets with the avalanche of bureaucracy coming out of your commission.”.

The day prior provided a journey past the $27,000 mark, with Bitcoin bulls unable to seal a fresh peak for September. Topping out at $27,300 on Bitstamp, BTC price strength returned to consolidate, still up 4% versus the weeks low at the time of composing.

Features.
Unstablecoins: Depegging, bank runs and other dangers loom.

Tim Drapers very first big Bitcoin forecast came off without a drawback, however he says the existing administration is making his 2nd one look bad.

Jesse Pollak, head of protocols at Coinbase.

From solving Mt. Gox to tracing crypto used by child abuse syndicates in Korea, Chainalysis has a often questionable but long history.

Huobi Globals HTX crypto exchange was hacked on Sept. 24, according to a report from blockchain analytics platform CyVers. According to the message, the exchange knows the identity of the opponent and has actually offered to let them keep 5% of the drained pipes funds as a “white-hat benefit,” but only if the assaulter returns the staying 95%.

Crypto exchange claiming $1.4 B trading volume utilizes supposedly fake license data.

Agustín Carstens, basic manager at the Bank of International Settlements.

The top 3 altcoin losers of the week are Immutable (IMX) at -9.80%, UNUS SED LEO (LEO) at -5.38% and XDC Network (XDC) at -4.61%. For more information on crypto prices, make certain to check out Cointelegraphs market analysis.

Many Memorable Quotations.

China dev fined 3 yrs wage for VPN use, 10M e-CNY airdrop: Asia Express.

FUD of the Week.

Examining the situation on low timeframes (LTFs), popular pseudonymous trader Skew said that the advantage had come courtesy of derivatives markets, with spot traders costing the highs. “LTF things but pretty clear area absorption around the high so $27.2 K is an important rate area to clear for area buyers,” he discussed on X (previously Twitter).

” Do you believe its possible for you [Gary Gensler] to work as an objective regulator and not prefer big monetary intermediaries?”.

Functions.
Inside South Koreas wild plan to control the metaverse.

Editorial Staff.
Cointelegraph Magazine writers and press reporters contributed to this post.

Among the greatest 100 cryptocurrencies, the top 3 altcoin gainers of the week are Compound (COMP) at 23.71%, Chainlink (LINK) at 15.12% and THORchain (RUNE) at 14.51%..

Alter consequently noted that $27,200 remained a rejection point on the day, ahead of the Wall Street open. Going into next week, he included, the market was “likely to hunt both sides of the book.”.

An investigation by Cointelegraph exposed that a number of cryptocurrency platforms, reporting significant everyday trades on CoinMarketCap, may have offered misleading information about their crypto licenses. Bitspay, for circumstances, which has a day-to-day trading volume of $1.4 billion on CoinMarketCap and ranks as the fourth-largest crypto exchange, claimed to be licensed in Estonia. After queries by Cointelegraph, Bitspay quickly removed the possibly incorrect license information and no longer supplies information about its registration or licensing.

James Seyffart, analyst at Bloomberg Intelligence.

Crypto influencer Ben Armstrong, previously called “BitBoy,” was jailed on Sept. 25 while livestreaming outside a previous business partners home, declaring the partner had his Lamborghini. He was charged with “loitering/prowling” and “basic attack by positioning another in worry” and was held for over eight hours prior to being launched on a $2,600 bond and $40 in charges. In Georgia, the misdemeanor charges of loitering and prowling could lead to a fine of as much as $1,000, up to one year in jail, or both.

Bitcoin shorts keep burning as BTC price looks for to hold $27K.

” A reserve bank that introduces a CBDC should increase the choices for society, not diminish them.”.

Street, pseudonymous co-founder of the Street Cy er artist collective.

Bitcoin (BTC) bounced around $27,000 on Sept. 29 as a difficulty to month-to-date highs dragged BTC rate action up. Information from Cointelegraph Markets Pro and TradingView revealed the largest cryptocurrency attempting to hold gains after a classic “short capture.”.

Huobi Global hacked for $7.9 M: Report.

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week, delivered.

Andy Barr, U.S. representative.

US gov t messed up my $250K Bitcoin cost forecast: Tim Draper, Hall of Flame.

At the end of the week, Bitcoin (BTC) is at $26,895, Ether (ETH) at $1,667 and XRP at $0.53. The overall market cap is at $1.07 trillion, according to CoinMarketCap.

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Chinese national fined three years income for using VPN for remote work, Hangzhou airdrops 10M digital yuan, JPEX alleged Ponzi nears $200M, and more.

” Looking like the SEC is gon na let a lot of #Ethereum futures ETFs go next week potentially.”.

Blockchain investigators: Mt. Gox collapse saw birth of Chainalysis.

Prediction of the Week.

” The symbiosis in between street art and Bitcoin is an effective one. By collaborating, these two motions help to create a more just and fair world.”.

On Sept. 28, the firm told Cointelegraph that its Bitcoin Strategy ETF will allow financiers access to Ether and Bitcoin futures “under one wrapper,” making it one of the very first companies to do so amidst a number of pending applications with the U.S. Securities and Exchange Commission. Beginning Oct. 3, the funds name will be updated to the Valkyrie Bitcoin and Ether Strategy ETF. The U.S. Securities and Exchange Commission has actually once again postponed its choice on numerous spot Bitcoin ETF applications, including those from BlackRock, Invesco, Bitwise and Valkyrie, ahead of a possible government shutdown. These delays came 2 weeks prior to the candidates expected 2nd due date. According to the message, the exchange understands the identity of the opponent and has actually offered to let them keep 5% of the drained pipes funds as a “white-hat reward,” however only if the attacker returns the remaining 95%.

Ben BitBoy Armstrong detained on livestream over Lambo conflict.