Monthly Crypto Roundup: Bitcoin Sentiments, SEC Battles, ETF Launches
By: Eliza Bennet
October 2022 Crypto News Roundup
- Bullish Sentiment Rises in Bitcoin Options Market: An increasing optimistic outlook among traders anticipates Bitcoin reaching the $40,000 and $45,000 marks by December.
- Terra's Co-founders Accused of Falsifying Transactions: Leaked chats reveal potential fraud discussions, as the SEC presses charges against the Terra blockchain co-founders.
- Circle Supports Binance in Stablecoin Battle against SEC: Circle challenges the SEC's labeling of Binance's BUSD stablecoin as a security, claiming it should be exempt from financial transaction regulations.
- Bankman-Fried's Lawyer Rejects US Govt's Proposed Jury Questions: The defense team argues that the proposed jury questions contain bias that could result in an unfair trial for the former CEO of cryptocurrency exchange FTX.
- Movement in Ether Connected to FTX Hack Amidst US Ethereum ETF Launch: Suspicion is aroused as Ether connected to the FTX hack shows signs of movement, alongside the debut of Ethereum-based Exchange-Traded Funds in the U.S.
- Bitwise to Launch Ether ETFs While Valkyrie Pauses Ether Futures Purchases: Bitwise announces Ethereum Strategy ETFs will go live on October 2, while Valkyrie pauses its Ether futures contract purchases.
- VanEck to Allocate 10% of Ether ETF Profits to Ethereum Developers: The global asset manager commits to donating a share of profits for Ethereum core development over the next decade.
- Debate on AI Market Saturation Intensifies: Concerns are raised whether the rapid proliferation of AI-driven tools and solutions is leading to a market saturated beyond its capacity.
