Company
Cryptocurrency exchange that collapsed into bankruptcy in 2022 amid fraud by founder Sam Bankman-Fried, becoming a byword for crypto industry failure.
Perpetuals.com filed a notice on Wednesday to run a tokenized U.S. stock venue under the SEC's five-year exemption, the second company to do so. Trading could begin in mid-November at the earliest. So far the exemption has drawn two sets of plans.
Reality
Sam Bankman-Fried's Supreme Court petition now waits on a government reply due Nov. 16 instead of Oct. 15. Cointelegraph reports the justices could decide whether to hear the case in late 2026 or early 2027.
Reality
SWI Group paid $500 million for about 77% of Genesis Digital Assets, which controls 1.3 GW of grid connections across 15 sites. That works out to about $500,000 per attributable megawatt, paid ahead of the AI conversion SWI plans.
Perspective Coverage
7 publishersReality
SWI Group raised €800 million at a €6.1 billion valuation and is selling the last three Kazakh bitcoin mines of Genesis Digital. The cash is new equity, Cryptopolitan reported, and the mines' sale price was not disclosed.
Reality
Wallets tied to the US government moved 12,267 seized Bitfinex bitcoin, worth about $1 billion, to new unlabeled addresses. No exchange deposit was recorded, CoinDesk reported. Whether Washington is selling turns on the smaller sums it sent to Coinbase Prime.
Perspective Coverage
6 publishersReality
US government wallets sent 833.6 BTC, worth about $71.6 million, toward Coinbase Prime on Oct. 7, roughly 0.26% of the bitcoin they still hold. The risk that the stash comes to market depends far more on the executive orders limiting sales of reserve bitcoin than on transfers this small.
Perspective Coverage
6 publishersReality
CFTC proposed two crypto rules creating a narrower exchange license for leveraged, margined and financed trades, open to comment for 60 days. Plain spot trading falls outside the CFTC's authority, and officials say they cannot yet size that leftover market.
Perspective Coverage
17 publishersReality
Better Markets says the CFTC lacks the mandate to police leveraged retail crypto under the plan it floated on October 5. Its harder objection for the agency to answer is legal: the group says the statute the CFTC relies on was written for leveraged precious-metals fraud.
Reality
Better Markets wants the CFTC to bar exchanges from trading on their own platforms, citing an agency count of six that already do. The figure shows the practice exists, though an arms race would need an earlier count and a total to measure.
Reality
CFTC's October 5 notice suggests retail crypto counts as delivered within 28 days only if the customer holds the private keys. That preliminary test would decide whether coins kept on exchange books fall under rules the agency has not yet proposed.
Reality
The New York Times greenlit, designed and staffed Hard Fork over about a year before it launched. What moves to NPR is three of the people who made it, plus a standing disclosure that one host's fiance works at Anthropic.
Reality
The administration attacked effective altruism by name on Monday. For a lab selling to the Pentagon, its donor list and its employees' giving are now part of how it presents itself in Washington.
Reality
Coinbase reports $228 million of cumulative volume across ten equity tokens on Base, with one early day close to half that total. Alpaca holds the underlying shares under Abu Dhabi oversight, and Regulation S keeps US persons out.
Reality
Caroline Ellison now works full time on technical infrastructure and operations at Manifund, a nonprofit grant platform that says it has raised $17.2 million across 486 projects. Her SEC bars run for a decade.
Reality
Bankman-Fried is asking the Supreme Court to treat the FTX estate's recoveries as evidence about the crime itself, an argument the Justice Department says is beside the point and one the Court almost never agrees to hear.
Reality
The August 28 ruling keeps a bankrupt exchange's account on the annual filing even when the holder cannot withdraw, and with the 500 million won floor unchanged and acquisition-cost rules unpublished, the documentary burden sits with the filer.
Reality
ETH's first high since November 2021 came from a Powell rate-cut hint, not from the chain: nearly 15% in a day against Bitcoin's 4%. The ratio is what holders now own.
Reality
The CLARITY Act's split of SEC and CFTC oversight finally has a date. The vote forecast behind it, and the polling, come from an exchange CEO who wants the bill passed.
Reality