Celsius Network Files ‘Adversary Complaint’ Against EquitiesFirst to Recover Assets
EquitiesFirst, a private lender, owed Celsius $439 million of assets as of July 2022.Source
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Sam Bankman-Fried’s Motion for Pretrial Release Goes Before 3-Judge Panel
Former FTX CEO Sam Bankman-Fried is trying to win back his freedom – at least temporarily.Source
Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs
Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday.Source
FASB Says Crypto Assets Should Be Marked at Current Values
The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial Accounting Standards Board (FASB).Source
Cathie Wood’s ARK Invest Files for First Spot Ether ETF
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.Source
The Protocol: Ethereum Learns of Potential Defector as ‘Supreme Court’ Mooted
What is a blockchain “sequencer?” Here’s why you need to knowSource
Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?
After bankruptcies tore apart the crypto lending, the industry is attempting to rebuild in a sustainable and accountable manner.Source
Ethereum’s Vitalik Buterin Argues for Blockchain ‘Privacy Pools’ to Weed Out Criminals
The paper argues for “privacy pools,” a blockchain tech feature that would enhance the privacy of user’s transactions while also distinguishing criminal activity from innocent funds.Source
Sam Bankman-Fried’s Laptop Has a New Battery Now, DOJ Says
Prosecutors filed a letter Tuesday detailing the amount of access FTX founder Sam Bankman-Fried has to materials he may use in his defense.Source
Buy Ether Instead of Bitcoin to Ride ETF Momentum, Crypto Research Firm Says
There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.Source