The U.S. Department of Justice said it secured a guilty plea from the operator of crypto “market maker” MyTrade, which was one target in a wide-ranging sting that brought manipulation charges to multiple firms and individuals earlier this month.Source
The U.S. Treasury Department’s panel of Wall Street advisers see the tokenization of U.S. debt and other assets providing some significant potential advances, the group contended in a new report – while also envisioning an inevitable need for the kind of heavy central hand that may rankle the crypto sector.Source
Singh is the fourth FTX executive to be sentenced for his role in the fraud.Source
In this week’s issue of The Protocol, our newsletter on blockchain tech, we’re covering the Optimism’s $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket’s (negligible) impact on Polygon’s bottom line.Source
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.Source
Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, crypto analyst Will Clemente said.Source
The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.Source
“The company we’ve built is different from the company dYdX must be,” said the CEO.Source