Crypto giant FTX eyes raising money to fund acquisitions
Cryptocurrency exchange FTX is raising capital in parallel with a potential acquisition. It’s evaluating several possible takeover candidates, some of which are companies operating retail-trading platforms.
FTX is seeking the same $32 billion valuation it was assigned the last time it raised money early this year if it does a capital raise.
Gary Gensler asks SEC staff to fine-tune crypto compliance
SEC chairman Garry Gensler has revealed he wants the agency to cover numerous crypto industry entities with regulations that apply to securities – potentially encouraging institutional crypto adoption.
Indicating the regulator’s interest in crypto exchanges, the chair said that, as, in his view, many crypto tokens are securities, it means that many ‘crypto intermediaries’ are transacting in securities and, as a result, have to register with the SEC.
Ethereum fork Ethereum PoW announces post-merge launch plans
The controversial Ethereum proof-of-work (PoW) fork, ETHPoW (ETHW), is expected to formally launch within 24 hours after the Merge.
The exact timing of ETHW’s mainnet deployment — the phase where fully-fledged blockchains are made available to the public — will be announced via a countdown timer one hour before going live, giving prospective participants a target to connect to the network.
Top 10 Daily Gainers
The asset leading the growth chart on the ONUS app today is BEAM – Token of Beam, the DeFi platform that runs on a combination of two blockchain protocols, LelantusMW and Mimblewimble. Following behind are FIRO (up 43.11%), CEL (30.92%), PRQ (up 27.89%),…
Whale accumulated 10,000 ETH
According to Whale Alert, in the last 24 hours, 10,000 ETH was transferred from Gemini to an unknown wallet. This amount of ETH is worth $15,983,936.
Citadel, Fidelity and Sequoia backed digital exchange to launch in November
EDX Markets Crypto Exchange, backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, seeks to settle trades on the blockchain for greater speed and efficiency at lower cost, eliminating the need for bilateral settlements.
The exchange will aim to provide institutional and individual investors a “safer and compliant” entry into the digital asset space through trusted intermediaries.
Bitcoin mining difficulty hits another record, up 3.45%
On September 14, Bitcoin’s mining difficulty increased by 3.45%, breaking the previous record set in May 2022.
The Bitcoin mining difficulty has increased for the fourth time in a row since mid-July.
Investment giant KKR puts portion of private equity fund on Avalanche blockchain
KKR, which had $471 billion in assets under management at the end of 2021, is working with digital-asset management platform Securitize Capital, which will handle the onboarding of new investors.
Individuals will be able to invest in KKR’s health-care fund through a tokenized feeder fund on the Avalanche blockchain provided by Securitize.
South Korea seeks arrest of Terraform Labs founder Do Kwon
According to Bloomberg, a court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs cryptocurrency ecosystem, whose implosion earlier this year sparked a global crypto rout.
The court in Seoul issued a warrant for Do Kwon and five others on allegations that include violations of the nation’s capital markets law, according to a text message from the prosecutor’s office.
NEAR Protocol forms working group to promote DeFi governance
The NEAR Protocol is forming a working group to set standards for self-governance.
The initiative, called the Near Digital Collective (NDC), is aimed at further decentralizing the ecosystem’s decision-making by moving it onto its native blockchain. The move will make the Near community more transparent and fairer.