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🗞 CryptoNews of the Day 🗞

Sui Plans To Launch $51.3M Fund To Grow DeFi Ecosystem: The Sui Foundation has announced a $51.3 million ecosystem fund to expand its DeFi ecosystem.

👉Details: https://coinmarketcap.com/academy/article/sui-plans-to-launch-dollar513m-fund-to-grow-defi-ecosystem

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FTX Co-founder Gary Wang Testifies, Says Alameda Allowed To “Withdraw Unlimited Funds.”: In his testimony during the Sam Bankman-Fried trial, former FTX co-founder Gary Wang revealed Alameda Research had unlimited access to customer funds on the cryptocurrency exchange.

👉Details: https://coinmarketcap.com/academy/article/ftx-co-founder-gary-wang-testifies-says-alameda-allowed-to-withdraw-unlimited-funds

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Su Zhu’s $36M Luxury Home in Singapore Transformed to Eco-farm Ran by His Wife: Su Zhu's $36 million luxury property in Singapore has been converted into an agroecological farm known as "Yarwood Homestead."

👉Details: https://coinmarketcap.com/academy/article/su-zhus-dollar36m-luxury-home-in-singapore-transformed-to-eco-farm-ran-by-his-wife

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Jury Selection Completed for Sam Bankman-Fried’s Criminal Trial: After extending into a second day, the jury of 12 individuals in the ongoing trial of former FTX CEO Sam Bankman-Fried has been selected to determine his fate.

👉Details: https://coinmarketcap.com/academy/article/jury-selection-completed-for-sam-bankman-frieds-criminal-trial

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Opening Arguments Delivered in Sam-Bankman Fried’s Trial: The criminal trial of ex-FTX CEO Sam Bankman-Fried started after jury selection extended into the second day, as prosecutors and defense attorneys presented their opening arguments.

👉Details: https://coinmarketcap.com/academy/article/opening-arguments-delivered-in-sam-bankman-frieds-trial

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🗞 CryptoNews of the Day 🗞

Binance Worked With Royal Thai Police To Take Down Crypto Scam Worth $277M: Crypto exchange Binance collaborated with Thai and US authorities on "Operation Trust No One," resulting in the arrest of five individuals behind a $277 million pig butchering crypto scam.

👉Details: https://coinmarketcap.com/academy/article/binance-worked-with-royal-thai-police-to-take-down-crypto-scam-worth-dollar277m

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Jury Selection in Sam Bankman-Fried’s Trial Extends Into Second Day: The jury pool for the criminal trial of fallen FTX founder Sam Bankman-Fried has been reduced to 50 prospective jurors.

👉Details: https://coinmarketcap.com/academy/article/jury-selection-in-sam-bankman-frieds-trial-extends-into-second-day

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🗞 CryptoNews of the Day 🗞

Week in DeFi: Consumer Crypto is the New VC Meme: Meanwhile, the layer-2 race heats up as Arbitrum launches its 50M ARB incentive program and Arbitrum Odyssey goes live again. Read on for the top DeFi news, airdrops and project updates!

👉Details: https://coinmarketcap.com/academy/article/week-in-defi-consumer-crypto-is-the-new-vc-meme

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Crypto Trading Firm GSR Receives Payment License from Monetary Authority of Singapore: The Monetary Authority of Singapore (MAS) has granted preliminary approval to GSR Markets, the Singaporean affiliate of cryptocurrency trading business GSR.

👉Details: https://coinmarketcap.com/academy/article/crypto-trading-firm-gsr-receives-payment-license-from-monetary-authority-of-singapore

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UBS Launches Tokenized Fund on Ethereum as Part of Monetary Authority of Singapore's Project Guardian: UBS Asset Management has announced the launch of a tokenized Variable Capital Company (VCC) fund through a live pilot.

👉Details: https://coinmarketcap.com/academy/article/ubs-launches-tokenized-fund-on-ethereum-as-part-of-monetary-authority-of-singapores-project-guardian

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🗞 CryptoNews of the Day 🗞

Last Week on Crypto Twitter: Who’s In Your Truck, SIR?: Su Zhu gets arrested, while Saylor buys the pico top — but this week's recap is dominated by the one and only: Ben Armstrong, formerly known as Bitboy.

👉Details: https://coinmarketcap.com/academy/article/last-week-on-crypto-twitter-whos-in-your-truck-sir

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Vitalik Buterin Raises Caution Around DAO Governed Staking Pools: Ethereum co-founder Vitalik Buterin has expressed worries about decentralized autonomous organizations (DAOs) dominating the selection of node operators in liquid staking pools.

👉Details: https://coinmarketcap.com/academy/article/vitalik-buterin-raises-caution-around-dao-governed-staking-pools

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"I won't tell if you won't" — Do Kwon Admits Terra Faked Trading Volume: Court documents from the SEC show a text exchange where disgraced crypto mogul Do Kwon admitted to planning to generate fake transactions on the Terra blockchain to boost volume and fees.

👉Details: https://coinmarketcap.com/academy/article/i-wont-tell-if-you-wont-—-do-kwon-admits-terra-faked-trading-volume

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Co-Founder of Bankrupt Hedge Fund 3AC Su Zhu Arrested in Singapore: Su Zhu, the co-founder of the collapsed hedge firm Three Arrows Capital (3AC), was arrested in Singapore while trying to get out of the country, according to joint liquidators Teneo.

👉Details: https://coinmarketcap.com/academy/article/co-founder-of-bankrupt-hedge-fund-3ac-su-zhu-arrested-in-singapore

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Mark Zuckerberg Demos Ultra-Realistic Metaverse Avatars: In a recent podcast, Meta CEO Mark Zuckerberg and AI researcher Lex Fridman showcased hyper-realistic "codec avatars" developed by Meta's Reality Labs.

👉Details: https://coinmarketcap.com/academy/article/mark-zuckerberg-demos-ultra-realistic-metaverse-avatars

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WSJ: FTX Employees Discovered $65B Alameda Loophole Months Before Collapse: A group of FTX U.S.-based employees from the LedgerX team acquired by FTX in 2021 discovered a code backdoor.

👉Details: https://coinmarketcap.com/academy/article/wsj-ftx-employees-discovered-dollar65b-alameda-loophole-months-before-collapse

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Paradigm’s Matt Huang: Led by SBF To Believe Alameda Did Not Have Privileged Treatment: During his testimony on the third day of SBF's fraud trial, Paradigm co-founder Matthew Huang revealed Bankman-Fried resisted investor board seats at FTX.

👉Details: https://coinmarketcap.com/academy/article/paradigms-matt-huang-led-by-sbf-to-believe-alameda-did-not-have-privileged-treatment

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Hong Kong Stock Exchange Launches Settlement Platform Using Smart Contracts: In a move to streamline post-trade flows in Hong Kong, stock exchange HKEX has announced the launch of "Synapse," a novel equities settlement acceleration platform utilizing smart contracts.

👉Details: https://coinmarketcap.com/academy/article/hong-kong-stock-exchange-launches-settlement-platform-using-smart-contracts

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Alameda Employees Only Learned of Impending Doom from CEO Caroline Ellison’s Confession: A former engineer at the collapsed trading firm Alameda Research told CoinDesk that staff were oblivious of the company's dire financial situation.

👉Details: https://coinmarketcap.com/academy/article/alameda-employees-only-learned-of-impending-doom-from-ceo-caroline-ellisons-confession

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British Treasury Seeking To Launch Digital Securities Sandbox in Q1 Next Year: Speaking at a digital assets summit, FCA Head of Capital Markets Helen Boyd revealed hopes for the British Treasury to launch a Digital Securities Sandbox.

👉Details: https://coinmarketcap.com/academy/article/british-treasury-seeking-to-launch-digital-securities-sandbox-in-q1-next-year

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Alameda Ex-CEO Sam Trabucco and FTX Execs Who Pleaded Guilty May Testify in SBF Trial: Assistant US Attorney for the Southern District of New York, Danielle Sassoon, told the court that former Alameda Research CEO Sam Trabucco could provide testimony.

👉Details: https://coinmarketcap.com/academy/article/alameda-ex-ceo-sam-trabucco-and-ftx-execs-who-pleaded-guilty-may-testify-in-sbf-trial

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SEC’s Motion To File an Appeal in Ripple Ruling Rejected by Federal Judge: A US federal judge has denied the SEC's attempt to appeal a previous court decision favoring crypto company Ripple Labs.

👉Details: https://coinmarketcap.com/academy/article/secs-motion-to-file-an-appeal-in-ripple-ruling-rejected-by-federal-judge

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CoinShares: Solana Favored by Institutional Investors: Solana (SOL) is a favorite among institutional investors, according to CoinShares' most recent crypto fund report, even as the rest of the altcoin market stays stagnant.

👉Details: https://coinmarketcap.com/academy/article/coinshares-solana-favored-by-institutional-investors

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Michael Lewis’s New Book Reveals SBF Considered $5B Offer to Trump Not to Run for President: According to Michael Lewis' latest book on bankrupt FTX CEO Sam Bankman-Fried, the disgraced crypto billionaire proposed giving former US President Donald Trump $5 billion.

👉Details: https://coinmarketcap.com/academy/article/michael-lewiss-new-book-reveals-sbf-considered-dollar5b-offer-to-trump-not-to-run-for-president

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Ethereum Futures ETF Launches to Muted Volumes: Nine new Ethereum (ETH) futures exchange-traded funds (ETFs) launched on October 2.

👉Details: https://coinmarketcap.com/academy/article/ethereum-futures-etf-launches-to-muted-volumes

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#CMCLive: IOTA’s path to decentralization ft. @IOTA

🗓️ Set your Reminder: https://coinmarketcap.com/community/post/331092921

Main highlights include: 🔥
🔹 Path to decentralization via IOTA2.0 upgrade
🔹 Bridging the gap between Web2 and Web3
🔹 Sustainability and accessibility

Exclusively on CMCLive! 😉

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🗞 CryptoNews of the Day 🗞

CFTC Charges Crypto Trading Platform Mosaic for Fraud: The CFTC has charged crypto trading platform Mosaic Exchange Limited and owner Sean Michael with operating a "fraudulent digital asset commodity scheme".

👉Details: https://coinmarketcap.com/academy/article/cftc-charges-crypto-trading-platform-mosaic-for-fraud

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FTX Exploiter Transferred Over $17M in ETH: According to blockchain data source Spot On Chain, the Ethereum address linked to the FTX hack has moved over 10,250 Ethereum (ETH) worth around $17.7 million.

👉Details: https://coinmarketcap.com/academy/article/ftx-exploiter-transferred-over-dollar17m-in-eth

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Valkyrie First To Offer Investors Exposure to Ethereum Futures: Asset manager Valkyrie will begin offering exposure to Ether futures.

👉Details: https://coinmarketcap.com/academy/article/valkyrie-first-to-offer-investors-exposure-to-ethereum-futures

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Ripple Pulls Out of Deal To Acquire Fortress Trust: Ripple dropped its intended acquisition of blockchain financial infrastructure provider Fortress Trust.

👉Details: https://coinmarketcap.com/academy/article/ripple-pulls-out-of-deal-to-acquire-fortress-trust

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