Category: crypto

SBF’s legal team will argue before the 2nd U.S. Circuit Court of Appeals that his FTX fraud conviction should be overturned. They claim the trial judge blocked evidence that could have influenced the jury’s decision. SBF denies wrongdoing, attributing FTX’s collapse to mismanagement and panic. His appeal aims to overturn his conviction and secure an…

UBS completed the first live onchain transaction for a tokenized money market fund using Chainlink’s infrastructure on Ethereum. This process automated fund operations from order to settlement. The transaction demonstrates the potential for tokenized fund operations to be executed entirely onchain while maintaining compliance and security standards.

Singapore Gulf Bank has partnered with Fireblocks to expand its crypto services, offering custody, fiat ramps, and stablecoin issuance. Backed by Bahrain’s sovereign wealth fund, the bank aims to provide a regulated banking experience to crypto companies. This integration signifies the growing convergence between traditional finance and DeFi.

OKX’s X Layer will use Chainlink’s cross-chain services to connect traditional finance with DeFi. The partnership will allow X Layer developers to access off-chain market data and enable seamless data transfers across different blockchain networks. OKX will cover the cost of Chainlink’s services for X Layer applications to reduce developer costs.

CleanSpark sold 589 bitcoin for $64 million in October to fund a new AI data center in Texas. The company produced 612 BTC last month and is focusing on developing data centers for innovation. Other firms like IREN, Riot, and Cipher are also shifting from Bitcoin mining to AI and high-performance computing infrastructure.

Bitcoin treasury firm Sequans sold 970 BTC to reduce debt, halving it to $94.5 million while remaining committed to long-term accumulation. The sale aimed to strengthen the company’s financial position, with 2,264 BTC remaining. Bitcoin treasury firms rarely sell their BTC, but some have done so in the past for various reasons.

The Chicago Mercantile Exchange, a leading derivatives marketplace, experienced a significant increase in cryptocurrency futures trading volume in October, with average daily trading volume reaching its highest level of the month. This surge in volume was attributed to the launch of new futures contracts for XRP and Solana, as well as the introduction of Spot-Quoted…

Chicago-based derivatives exchange Bitnomial, regulated by the CFTC, now supports Ripple USD as margin collateral and expanded support for XRP. It is the first U.S. regulated exchange to accept stablecoins for margin collateral. This move follows the platform’s recent addition of margin deposits with cryptocurrencies like Bitcoin and Ethereum.

Olas has launched Pearl v1, a decentralized marketplace where users fully own and control their AI agents. The platform combines Web2 logins with Web3 self-custody, allowing users to manage, fund, and deploy agents directly. Pearl v1 offers a range of autonomous agents, with plans for rapid expansion through the Olas Accelerator program.

ZKsync’s recent governance proposal aims to change how revenue is generated for token holders. The upgrade introduces buybacks, staking rewards, and fee capture to increase utility. The proposal, endorsed by Vitalik Buterin, led to a 15% rise in ZKsync’s value in one day and a 65% weekly rally.