Spot Bitcoin ETF Approval Might Be Near, but Analysts Differ on Possible BTC Price Reaction

A fake report about BlackRock’s spot BTC ETF approval Monday spurred a short-lived bitcoin rally to $30,000.Source

Jimmy Zhong Arrest Details Revealed in New Report

Zhong is now serving a one-year sentence related to the theft of bitcoin from the Silk Road marketplace.Source

Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks

The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator’s crypto expectations, according to the agency’s inspector general, so the FDIC agreed to field a new strategy by January.Source

Cracks Appear as Ethereum Staking Demand Wanes

Earlier this year, Ethereum staking was popular, particularly with Lido Finance’s rise to prominence in the DeFi space, but it is now facing challenges, suspicions, and resentment.Source

Bitcoin Holds $28K as Stocks Buckle Under Interest Rate Concerns

The U.S. 30-year Treasury bond is on pace to close above 5% for the first time in more than 16 years.Source

Lightning Labs Rolls Out ‘Taproot Assets,’ to Make Bitcoin ‘Multi-Asset’ Network

Taproot Assets will give developers “the tools needed to make Bitcoin a multi-asset network, but in a scalable manner,” according to Lightning Labs.Source

The Death of Compromise, and a Way Forward for Crypto

Kim Greenberg of CoinDesk Indices finds a lesson for crypto in LEGO.Source

Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says

Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.Source

SBF Dined With Eric Adams at NYC Mayor’s Go-To Italian Restaurant

The erstwhile crypto titan and avowed vegan was also scheduled to meet Empire State Gov. Kathy Hochul at The Capital Grille steakhouse, according to FBI trial testimony.Source

Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle

Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.Source