✅ Bitcoin fell in value by 5% over the week amid investor anxiety over the escalating conflict between Israel, Iran, and Lebanon. Still, at the end of the week, the crypto market did recover slightly 😊
Weekly news digest:
💎 Crypto
🔸 Bitwise registered a trust entity in the state of Delaware to launch the ETF based on XRP
🔸 The recent $56 million CryptoPunk NFT sale is just a marketing stunt for a new memecoin, according to an NFT expert
🔸 EigenLayer is investigating the unapproved selling of 1 million EIGEN tokens 🤥
🔸 Tether CEO says that Tether is the best friend of the US government because it holds more US treasury securities than Germany
🏦 Crypto exchanges
🔸 Kraken has obtained the BMA license in Bermuda to launch a regulated derivatives trading platform
🔸 The FTX estate is preparing to auction off approximately 22 million Worldcoin tokens 🎎
🔸 Bithumb CEX announced that it is considering listing on the Nasdaq in the US
🔸 Robinhood is now offering crypto transfers in and out of its app to customers in the European Union
💵 Finances and Economy
🔸 U.S. labor market added 251,000 jobs in September, blowing past estimates for 140,000
🔸 IMF called El Salvador to limit its public sector exposure to Bitcoin
🔸 OpenAI has raised $6.6 billion at a $157 billion valuation 🤖
🔸 Banks in North America, Europe, and Asia are preparing to participate in trials involving digital assets by SWIFT
🔸 SoftBank will invest $500 million in OpenAI's latest funding round
⚖️ Law and Order
🔸 SEC files appeal against district court verdict, Ripple case continues
🔸 SEC chief enforcer, Gurbir Grewal, will step down on Oct. 11
🔸 The Australian Federal Police has seized $6.4 million in crypto targeting an encrypted communication app Ghost
🗣 Personalities
🔸 Lekker Capital chief investment officer says buying Bitcoin right now is a "no-brainer"
🔸 Elon Musk makes his first appearance at a Trump rally
