Today’s headlines:
Biden signs short-term spending bill to avoid U.S. government shutdown
China-Germany high-level dialogue on finance and economics: Both sides agree to strengthen exchanges in the field of digital finance, including the development of central bank digital currencies
Hong Kong police: Assets frozen in JPEX case approach HKD 100 million
- Exploring the Rise of Telegram Bots A New Era of Cryptocurrency Interaction
- Kraken is about to enter the US stock trading market, as regulatory and bear market conditions prompt cryptocurrency platforms to seek new paths.
- Artificial Intelligence and Social Integration Telegram Bot Creates New Path for Cryptocurrency Development
Brazil launches digital ID based on private blockchain
Bitwise plans to launch two Ethereum futures ETFs, AETH and BTOP, on October 2
Five market makers of Worldcoin hold approximately 35.72 million WLD tokens on the blockchain
Data: ARK Invest’s Cathie Wood sold over $25 million worth of Coinbase stock in September
Attacker’s address in FTX hack transfers 4,750 ETH to THORChain
Regulatory News
U.S. Department of Justice: FTX customers, investors, and employees will testify in the trial of SBF
According to CoinDesk, the U.S. Department of Justice confirmed in two filings submitted on Saturday that federal prosecutors want to subpoena former FTX customers, investors, and employees in the upcoming trial of SBF. Customers and investors who hold FTX stock can express their expectations of how FTX will hold their funds, while cooperating witnesses can testify about their interactions with the defendant and their understanding of certain statements and actions by the defendant.
The letter states that each customer witness’s testimony may not exceed 30 minutes. The U.S. Department of Justice confirmed three cooperating witnesses: former FTX CTO Gary Wang, former FTX Engineering Director Nishad Singh, and former Alameda Research CEO Caroline Ellison. They have all admitted to the charges related to the exchange and will testify. Another former FTX executive, Ryan Salame, has admitted guilt but had not agreed to testify as of a few weeks ago. The Department of Justice also plans to subpoena at least two additional witnesses to testify if granted immunity, but their identities have not been made public.
Hong Kong police: Assets frozen in JPEX case approach HKD 100 million
According to Sing Tao Daily, Assistant Commissioner of Police (Crime) Tony Chung Wing-man said that in a joint operation carried out by Hong Kong and Macau from Tuesday to Thursday (September 26th to 28th), approximately HKD 24 million in assets were seized and frozen, bringing the total frozen assets in the JPEX fraud case close to HKD 100 million. The investigation is now slowly entering the core part of the JPEX fraud network and has identified key figures, with efforts ongoing to uncover the mastermind and recover the stolen money.
U.S. Senate passes short-term spending bill to avoid government shutdown
The U.S. Senate has passed a 45-day short-term spending bill with enough votes, providing funds for natural disaster assistance and avoiding a government shutdown. The bill has been submitted to and signed by Biden, ensuring that the U.S. government remains open until November 17th. Earlier in the day, the bill was passed by the U.S. House of Representatives with a vote of 335 in favor and 91 against, and was sent to the Senate for voting.
NFT
Project Updates
Sino-German High-Level Financial Dialogue: Both sides agree to strengthen exchanges in the field of digital finance, including the development of central bank digital currency.
According to the official website of the Ministry of Finance, Chinese Vice Premier He Lifeng and German Finance Minister Olaf Scholz jointly chaired the third Sino-German High-Level Financial Dialogue in Frankfurt, Germany today. In the joint statement, both sides agreed to strengthen exchanges in the field of digital finance, including the development of central bank digital currency. Both sides committed to implement the Financial Action Task Force (FATF) standards comprehensively worldwide and agreed to enhance cooperation in anti-money laundering and counter-terrorism financing under the FATF and other multilateral frameworks.
Brazil launches digital identity card based on private blockchain
According to Cointelegraph, Brazil is launching a new national identity program supported by blockchain technology. Rio de Janeiro, Goiás, and Paraná will be the first states to issue identity documents on-chain using the private blockchain developed by the Brazilian National Data Processing Service (Serpro). The decree stipulates that by November 6, the blockchain technology should be able to issue identity cards nationwide.
According to local governments, the national identity project is crucial for combating organized crime, enabling cooperation among government departments, providing simpler ways to access services, and simplifying administrative records. The announcement states that the newly adopted technology will make data exchange between the Federal Revenue Service and government departments more secure. Buenos Aires, Argentina recently also revealed a similar initiative that allows residents to access identity documents through digital wallets. Over the past few years, Brazil has been working to unify the issuance of identity documents across nearly 30 states.
Bitwise plans to launch two Ethereum futures ETFs, AETH and BTOP, on October 2nd
Bitwise Asset Management, a US cryptocurrency index fund manager, announced that its two groundbreaking Ethereum-themed ETFs will start trading on October 2nd (Monday): Bitwise Ethereum Strategy ETF (ticker: AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP).
AETH invests in regulated CME Ethereum futures contracts with a focus on front-month contracts. BTOP invests in regulated CME Bitcoin futures contracts and CME Ethereum futures contracts with equal exposure. AETH and BTOP do not directly invest/hold Bitcoin or Ethereum. The custodian for both ETFs is The Bank of New York Mellon, with an expense ratio of 0.85%.
Important Data
Worldcoin’s five market makers hold approximately 35.72 million WLD tokens on-chain
In a post, on-chain analyst Yu Jin stated that when Worldcoin (WLD) launched in July, it lent a total of 100 million WLD tokens to five market makers for liquidity provision. It was stipulated that at the end of the three-month period, the market makers would need to return the tokens or buy them at a price ranging from $2 to $3.12. Currently, there is less than a month until the three-month period expires (10/22), but the recent on-chain activities and WLD holdings of these five market makers are as follows:
Wintermute has withdrawn 1.93 million WLD from Binance in the past half month;
Amber Group transferred 19.5 million WLD to various CEXs in July and has not made any withdrawals from CEXs recently;
Flow Traders has withdrawn 2.45 million WLD from multiple CEXs in the past half month;
Auros Global transferred 11.5 million WLD to various CEXs in July and has not made any withdrawals from CEXs recently;
GSR Markets has withdrawn 4.01 million WLD from multiple CEXs in the past month.
Data: ARK Ark Fund sold over $25 million worth of Coinbase stocks in September
The data shows that ARK Ark Fund sold a total of 333,288 shares of Coinbase stocks (COIN) in September, with a value of approximately $25.02 million at the current price. As of the close on Friday, COIN was trading at $75.08 per share. In addition, the fund also sold 56,245 shares of GBTC, with a value of approximately $1.08 million.
FTX attacker’s address transferred 4,750 ETH to THORChain
LianGuaiNews, October 1st – On-chain data shows that at 16:17 Beijing time, the FTX attacker’s address starting with 0x3E95 transferred 4,750 ETH (approximately $7.98 million) to an address starting with 0xcd82. After passing through a series of intermediate addresses (0x8428, 0x68cC), the funds were finally transferred to THORChain. Yesterday, it was reported that the FTX attacker transferred another 2,500 ETH, totaling 5,000 ETH in the past three hours.
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