Major TradFi Player VanEck Readies Ethereum Futures ETF
VanEck Ethereum Strategy ETF (EFUT) will invest in ETH futures contracts traded on commodity exchanges registered with the CFTC.Source
SEC’s Gensler Throws More Crypto Punches in Congressional Hearing
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto “hucksters” in congressional testimony on Wednesday, declining to answer the industry’s most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.Source
U.S. Department of Justice Opposes Sam Bankman-Fried’s Latest Move for ‘Temporary Release’
The U.S. Department of Justice said in a Wednesday court filing that Sam Bankman-Fried’s latest move for a temporary release – even with severe restrictions – should be denied.Source
SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs
SEC recently extended deadlines for ARK, GlobalX spot bitcoin ETFs.Source
Jade Protocol Faces Calls to Liquidate $31M Token Treasury
The crypto club Jade Protocol could become the latest DAO to die.Source
Crypto Exchange Kraken to Explore Stock Trading: Bloomberg
The service could launch as soon as 2024, Bloomberg reported, citing a person familiar with the matter.Source
Sam Bankman-Fried Can Use an ‘Air-Gapped’ Laptop in Court, Judge Rules
A federal judge signed off on a defense request to allow FTX founder Sam Bankman-Fried to use an “air-gapped” laptop while in court during his trial next month.Source
Bitcoin Slides Back Towards $26K as Surging Interest Rates Trigger Macro Jitters
The U.S. 10-year Treasury yield rose another nine basis points Wednesday to a new 16-year high of 4.63%.Source
Terraform Labs Founder Do Kwon Opposes SEC’s Extradition Request
The TerraUSD creator opposes the SEC’s attempts to bring him back to the U.S. for questioning about his failed stablecoin projects.Source
Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership
The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.Source