Weekly Outflows from Crypto Funds Reach $147M
Last week, there was a decrease in net inflows for global crypto investment products at major asset managers like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares.
Native USDC Officially Launches on Sui
Grand Cayman, Cayman Islands, 8th October 2024, Chainwire
Court Approves FTX’s Reorganization Plan
FTX has successfully obtained approval from the United States Bankruptcy Court for the District of Delaware for its Plan of Reorganization after filing for bankruptcy less than two years ago.
Hong Kong Plans to Approve More Crypto Exchange Licenses by End of Year
Julia Leung, CEO of the Hong Kong Securities and Futures Commission (SFC), has announced plans to approve more cryptocurrency exchanges to operate in Hong Kong by the end of the year.
XSGD, Singapore’s First Dollar-Backed Stablecoin, Launches on Bitstamp to Power Global Cross-Border Payments
Singapore, Singapore, 8th October 2024, Chainwire
Ethereum Proposal EIP-7781 to Increase Throughput by 50%
A new Ethereum Improvement Proposal (EIP) has been put forward that promises to reduce block times on Ethereum by 33% and increase data capacity by 50%, according to developers.
CleanSpark’s Hashrate Grows by Almost 200%
Crypto miner CleanSpark has reported a significant 187% increase in its hashrate over the last year, according to their unaudited fiscal year report released on October 4.
Coinbase Announces It Will Delist Noncompliant Stablecoins in EU
The European Union has introduced stricter regulations under the Markets in Crypto-Assets Regulation (MiCA) which includes the delisting of non-compliant stablecoins by cryptocurrency exchange Coinbase.
SUI meme $HIPPO enters into charity partnership with Moo Deng’s zoo
Thailand, Bangkok, 7th October 2024, Chainwire
Moongate Launches New Rewards Program and NFT Collection
Hong Kong, Hong Kong, 4th October 2024, Chainwire
CFTC Could Accept Digital Assets as Trading Collateral
The United States Commodity Futures Trading Commission (CFTC) may soon approve the use of digital assets as trading collateral.
Taiwan Launches New AML Legislation Affecting Crypto Companies
In an effort to combat the issue of money laundering, the Financial Supervisory Commission (FSC) in Taiwan has implemented new regulations for local virtual asset service providers (VASPs).
Visa Launches a Platform to Manage Tokenized Digital Assets
Visa has recently announced the launch of its new Visa Tokenized Asset Platform (VTAP), a digital asset management system.
Kraken Receives Approval to Launch a Derivatives Platform in Bermuda
Kraken has recently announced the launch of its new global derivatives venue in Bermuda.
SEC Enforcement Director Steps Down
Gurbir Grewal, their SEC chief enforcer, will be stepping down from his position on Oct. 11.
