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Quick Take In a notice of appeal filed on Monday, Alexandra Shapiro, partner at Shapiro Arato Bach, was named as defendant’s counsel for Combs. Both Bankman-Fried and Combs also share the same unit in a sort of dormitory like room at the Metropolitan Detention Center in New York, according to The New York Times.
Quick Take A spot XRP ETF has not been approved by the U.S. Securities and Exchange Commission before and if it does, would likely face challenges. Meanwhile, Grayscale has said it has plans to launch an XRP “closed-end” fund for accredited investors.
Quick Take The recent rise in stablecoin market cap is providing liquidity that could help an uptrend in bitcoin and other major cryptocurrencies, according to CryptoQuant. K33 Research highlighted bullish factors for bitcoin in the fourth quarter, including the Federal Reserve’s policy shift, China’s liquidity push, and the SEC’s recent approval of options trading on spot bitcoin ETFs.
Users have until December 31, 2024, to withdraw all funds as the exchange prepares to close their accounts.
BTC dropped to $62,500 today after it was rejected at $64,000.
U.S. spot Bitcoin ETFs recorded daily total net inflows worth $61.30 million on September 30. BalckRock’s IBIT registered the largest inflows among the twelve approved exchange-traded funds, with net inflows worth $72.15 million. Ethereum ETFs record daily net outflows worth $823k, bringing their cumulative total net outflows to $524 million.
- 14:56The management fee for Grayscale Aave Trust is 2.5%, and as of October 2, the scale of asset management is approximately $150,000PANews reported on October 3rd, according to official data from Grayscale, the management fee for its launched AAVE trust fund, Grayscale Aave Trust, is 2.5%, and it will use the CoinDesk Aave Price Index (AAVE) as a reference exchange rate priced in US dollars for the spot price of Grayscale Aave Trust. In addition, as of October 2nd, the asset management scale of Grayscale Aave Trust reached $151,281.1 USD with a net value per share at $13.88 USD.
- 14:52The trading volume of IBIT reached 19 million US dollars before the market opened today, with 37% being active buy ordersBlockBeats reports that on October 3rd, according to Trader T's monitoring, the trading volume of IBIT reached 19 million US dollars before the market opened today. Of this, 37% were active buy orders and 28% were active sell orders.
- 14:50OpenAI has established a $4 billion revolving credit line with banks such as JPMorgan, Citigroup, Goldman Sachs, and Morgan StanleyBlockBeats reports that on October 3, according to market news, OpenAI has established a revolving credit line of 4 billion US dollars with JPMorgan Chase, Citibank, Goldman Sachs, Morgan Stanley, Santander Bank, Wells Fargo Bank, Sumitomo Mitsui Banking Corporation (SMBC), UBS and HSBC.
