Author: Chris Smith
Market Update October 11
Reading Time: 2 minutesOver the past week, we have seen some interesting price movements, with Bitcoin and Ethereum taking the spotlight. Bitcoin, the world’s largest and most popular cryptocurrency, has had a rollercoaster week.
Ripple Files a Cross-Appeal in SEC Lawsuit
Reading Time: < 1 minuteRipple Labs has decided to appeal a recent ruling made by US District Judge Analisa Torres in their ongoing legal battle against the SEC.
SEC Files Lawsuit Against Cumberland DRW for Operating as Unregistered Crypto Dealer
Reading Time: < 1 minuteThe SEC filed a lawsuit against Cumberland DRW on October 10, citing the company for operating as an unregistered dealer.
WisdomTree Launches a Debit Card Linked to its Onchain Money Fund
Reading Time: < 1 minuteWisdomTree has announced that it will allow debit card holders to make direct purchases using its tokenized onchain money fund.
Crypto.com Sues SEC
Reading Time: < 1 minuteCurrency exchange Crypto.com has taken legal action against the US Securities and Exchange Commission (SEC), its Chair Gary Gensler, and its four commissioners.
Canary Capital Files Application for a Spot XRP ETF
Reading Time: < 1 minuteCanary Capital, a firm specializing in crypto investments, has submitted a proposal to establish an exchange-traded fund (ETF) for XRP.
Hong Kong Plans to Approve More Crypto Licenses This Year
Reading Time: < 1 minuteThe Securities Futures Commission of Hong Kong has announced its plan to issue more licenses to cryptocurrency exchanges and digital asset firms operating in the region by the end of the year.
Judge Approves FTX Bankruptcy Plan
Reading Time: < 1 minuteJon Dorsey, the US bankruptcy judge, has given his approval to the reorganization plan for FTX.
NYDIG: Bitcoin Remains Best Performing Asset This Year
Reading Time: < 1 minuteAccording to the New York Digital Investment Group, Bitcoin continues to be the top-performing asset of the year despite a relatively weak third quarter.
Coinbase Will Delist Unauthorized Stablecoins in EU to Comply with MiCA
Reading Time: < 1 minuteCoinbase has announced its plans to remove any unauthorized stablecoins from its platform in the European Union (EU) by December. This move is in compliance with the EU’s Markets in Crypto Assets (MiCA) rules.
Market Update October 4
Reading Time: < 1 minuteThe past week has been a rollercoaster ride for the cryptocurrency market as major coins such as Bitcoin and Ethereum experienced significant price movements.
JPMorgan: Investors Could Turn to Bitcoin Due to Geopolitical Risks
Reading Time: < 1 minuteJ.P. Morgan analysts suggest that recent increases in geopolitical tensions and the looming US presidential election are causing investors to turn towards gold and bitcoin as safe-haven assets, referred to as the “debasement trade.”
Ripple and Mercado Bitcoin Will Make Crypto Payments Available in Brazil
Reading Time: < 1 minuteRipple has teamed up with a major cryptocurrency exchange in Brazil to launch cross-border payments fueled by cryptocurrency.
SEC Enforcement Director Gurbir S. Grewal Leaves Agency
Reading Time: < 1 minuteGurbir S. Grewal, the Enforcement Director of the Securities and Exchange Commission (SEC), will be leaving the agency after 21 years of service.
Hackers Steal $750M in Crypto in Q3 2024
Reading Time: < 1 minuteThe third quarter of 2024 saw a decline in the number of reported crypto hacks, but an increase in the amount of stolen assets.
Bitwise Files Application for XRP ETF
Reading Time: < 1 minuteA recent filing for a Bitwise XRP exchange-traded fund (ETF) has been discovered on the State of Division of Corporations website.
US State of Ohio Could Accept Crypto for Tax Payments
Reading Time: < 1 minuteAn Ohio state senator, Niraj Antani, has proposed a bill that would mandate the acceptance of cryptocurrency by the state for the payment of taxes and fees.
Gemini Will Close All Customer Accounts in Canada
Reading Time: < 1 minuteGemini has recently announced that it will be closing all customer accounts in Canada by the end of the year.
Mango Markets Settles with SEC
Reading Time: < 1 minuteAfter being charged with unlawfully selling MNGO tokens, Mango DAO has agreed to settle with the US Securities and Exchange Commission.
BlackRock’s Ethereum ETF Surpasses $1B
Reading Time: < 1 minuteIn a turnaround from six straight weeks of negative outflows, US-based spot Ethereum exchange-traded funds (ETFs) have recorded their highest weekly inflows since early August.
Dubai Tightens Crypto Marketing Regulations
Reading Time: < 1 minuteDubai’s crypto regulation just got stricter with the introduction of new Marketing Regulations for Virtual Assets and Related Activities 2024 by the Dubai Virtual Assets Regulatory Authority (VARA).
Kamala Harris: US Should Be Dominant in Blockchain
Reading Time: < 1 minuteHarris stated that her administration would invest in biomanufacturing and aerospace, and continue to lead in areas such as AI, quantum computing, and blockchain.
PayPal Allows US Business Accounts to Buy, Sell and Hold Cryptocurrencies
Reading Time: < 1 minutePayPal has recently made a major announcement allowing businesses in the US to directly buy, hold, sell, and transfer cryptocurrencies, all from their business accounts.
BNY to Offer Custody Services for Crypto ETFs
Reading Time: < 1 minuteBNY Mellon (BNY) is making progress in offering custody services for its clients’ Bitcoin and Ether ETFs.
TrustToken and TrueCoin Settle Charges with SEC
Reading Time: < 1 minuteThe SEC has announced that they have reached a settlement with crypto companies Trusttoken Inc. and Truecoin LLC regarding charges of fraudulent misrepresentations and unregistered sales related to the stablecoin trueusd (TUSD).
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Dogecoin