● SBF was found guilty of seven counts
According to CoinDesk, FTX founder SBF was found guilty of seven counts.
As previously reported, the jury has begun deliberations on seven counts of fraud and conspiracy against Sam Bankman-Fried (SBF) related to his tenure at FTX and its sister trading company Alameda Research. Twelve jurors must agree on each of the seven counts to reach a verdict. If all charges are proven, SBF faces up to 115 years in prison, and prosecutors call it "one of the largest financial frauds in U.S. history."
● Hashdex updates its Bitcoin futures ETF filing with the SEC
Bloomberg analyst James Seyffart said on Platform X that Hashdex has updated its Bitcoin futures ETF filing with the SEC.
According to the filing summary, the Hashdex Bitcoin Futures ETF is designed to provide investors with a way to gain exposure to the Bitcoin market price. The fund will trade on the NYSE Arca exchange under the symbol DEFI. Investors can buy and sell shares through their broker-dealers. According to the current investment objective, the fund will not hold, purchase or otherwise own any Bitcoin.
● ProShares launches short Ethereum futures ETF SETH
ProShares announced that its short Ethereum futures exchange-traded fund (ETF) began trading on the New York Stock Exchange (NYSE) Arca on November 2 under the ticker SETH. SETH provides investors with exposure to short Ethereum futures contracts.
● German asset manager DWS Group prepares to launch crypto ETF for retail investors
DWS Group, a German asset management company with $900 billion under management, is preparing to launch cryptocurrency exchange-traded funds (ETFs) for retail investors, according to Bloomberg. The decision comes amid a rapid rebound in Bitcoin prices and optimism that U.S. regulators will soon approve cryptocurrency ETFs. DWS signed an agreement with cryptocurrency fund manager Galaxy Digital Holdings Ltd. in April to develop a series of ETFs for the European market.
● Binance TR obtains ISO 27001 and ISO 27701 certifications
According to the Binance blog, Binance TR announced that it has obtained ISO 27001 and ISO 27701 certifications. Both ISO 27001 and ISO 27701 are standards related to information security management issued by the International Organization for Standardization (ISO). ISO 27001 focuses on information security, while ISO 27701 focuses on privacy protection. This shows that Binance TR has high standards in information security governance and privacy information management. Since its launch in late 2020, Binance TR has been committed to developing solid security and privacy measures.
● MicroStrategy co-founder: Spot Bitcoin ETF will reduce BTC selling pressure
According to BlockBeats, MicroStrategy co-founder Michael Saylor said in an interview with CNBC that the spot Bitcoin ETF will increase the demand for BTC and the halving event will reduce the selling pressure of BTC by 50%. He also said that Bitcoin is a digital technology investment without the risks and responsibilities of large technology companies.
● Bitcoin computing power 7-day SMA hit a new high, reaching 464 EH/s
According to Bitcoin.com, Bitcoin hashrate maintained its upward momentum, hitting a new high as of November 1, 2023. According to the 7-day simple moving average (SMA), the network hashrate reached 464 EH/s for the first time; the three-day SMA showed that the network hashrate soared to a higher level, reaching 468 EH/s. It is worth noting that as the hashrate rose, the difficulty of the Bitcoin network reached a new high of 62.46 T, a level that will remain until November 12.
● Abu Dhabi launches DAO regulatory framework
According to the Daily Planet, Abu Dhabi has launched a DAO regulatory framework to legalize the operation of decentralized entities such as DAOs. The framework will take effect immediately, allowing DAOs, which have long operated in a legal gray area, to operate legally and issue tokens to their members. The move is part of a larger plan by Abu Dhabi to "promote initiatives in the broader blockchain and digital asset sectors."
