47% of traditional hedge funds maintain crypto exposure: Report
A survey reveals that almost half of traditional hedge funds have exposure to digital assets, with increased global regulatory clarity boosting confidence.
A survey reveals that almost half of traditional hedge funds have exposure to digital assets, with increased global regulatory clarity boosting confidence.
South Korean law allows spouses to claim cryptocurrency and Bitcoin holdings during divorce proceedings, recognizing them as marital assets, law firm says.
Thailand’s high-net-worth investors would get more access to crypto funds than retail investors under the proposed changes.
Investors in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects.
The milestone moment comes 10 months after the country legalized crypto for payments in commercial contracts last December.
Only a Donald Trump presidential election victory and a mostly Republican Congress could make Chevron potentially impactful, said US lawmaker Tom Emmer.
According to BlockBeats, on October 10, Federal Reserve's Mary Daly expressed full support for the 50 basis points rate cut in September. Daly conveyed confidence in the path to achieving the 2% inflation target and indicated that there might be one or two more rate cuts this year. She noted that while the policy rate remains stable, the real interest rate is rising. Daly emphasized the importance of monitoring data, particularly the labor market and inflation, and adjusting interest rates as necessary. The extent of the September rate cut does not imply the future pace or magnitude of rate cuts.
According to CoinDesk, federal prosecutors have charged two purported market makers, several crypto projects, and over a dozen individuals with manipulating various crypto markets. The charges allege that these entities profited from fees and selling manipulated coins at elevated values.The charging documents, unsealed on Wednesday, reveal that Gotbit and ZM Quant engaged in wash trading of various tokens to create the illusion of legitimate activity. They sold these tokens at artificially inflated prices, marketed them on various platforms, and convinced exchanges to allow them to buy tokens with reduced fees. Prosecutors claim that both Gotbit and ZM Quant publicly presented themselves as legitimate market makers offering legal services, while privately providing illegal services, including wash trading.In Gotbit’s case, the illegal activities were not entirely private. In 2019, Gotbit co-founder Alexey Andryunin, then a 20-year-old college sophomore, explained to CoinDesk how the wash trading services worked. He admitted that Gotbit was not registered in any jurisdiction because it was “not entirely ethical.” ZM Quant was registered in the British Virgin Islands, but its employees named in the indictment were based in Hong Kong. Gotbit's employees are believed to be Russian.The manipulated tokens included Robo Inu, which saw a price increase after the indictment was unsealed. Other named defendants include VZZN, NextFundAI, and Saitama. According to the indictments, each token, including Robo Inu, is classified as a security. Several individuals behind these projects, including Robo Inu founder Vy Pham, have also been named as defendants.The U.S. Securities and Exchange Commission (SEC) has unveiled parallel civil charges against Gotbit and its employee director Fedor Kedrov, a Russian resident.
According to BlockBeats, on October 10, U.S. stocks continued their upward trend following the release of the Federal Reserve meeting minutes. The S&P 500 index increased by 0.5%, the Dow Jones rose by 0.9%, and the Nasdaq climbed by 0.38%.In the foreign exchange market, the USD/JPY experienced a short-term rise of 10 points, reaching 149.25. Currently, the USD/JPY stands at 149.23, marking a 0.7% increase. Meanwhile, the EUR/USD saw minimal changes, declining by 0.37% to 1.0939 during the day. Additionally, the yield on the U.S. two-year Treasury bond slightly decreased to 4.011%.
According to BlockBeats, the minutes from the Federal Reserve's October 10 meeting indicate that a significant majority of members support a 50 basis points rate cut. This decision reflects a consensus among the members to adjust the monetary policy in response to current economic conditions.During the meeting, some participants highlighted that there were reasonable grounds for a 25 basis points rate cut in the July meeting. This discussion underscores the ongoing deliberations within the Federal Reserve regarding the appropriate measures to sustain economic stability and growth. The minutes provide insight into the central bank's strategic considerations and the factors influencing their policy decisions.