October 2023 roundup of all things crypto and what’s happening in the cryptocurrency realm. What was your biggest news piece?
A monthly roundup of all things crypto and what’s happening in the cryptocurrency realm
- Coinbase granted full license in Singapore
![](https://www.tbstat.com/wp/uploads/2023/04/20230419_Coinbase_Generic3-1200x675.jpg)
- UBS taps Ethereum to pilot tokenized money market fund
![](https://www.tbstat.com/wp/uploads/2021/05/ub-1011x675.jpeg)
- Digital asset investment products saw inflows last week for the first time in 6 weeks totalling $21m
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5015.jpeg)
![](https://miro.medium.com/v2/resize:fit:1200/1*Vikj5IjptfadP8sij6kh6g.png)
- Grayscale moves to convert its Ethereum trust to a spot ETH ETF
![](https://www.coindesk.com/resizer/tO7497fVQ4RUVcNreW9Gc-yrp58=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/67VX44SKCVBD5KEN7MEHSF4RFM.jpeg)
AND THEY'RE OFF.. Ether Futres Derby underway.. VanEck in a slight early lead, altho looks like a few of them not out of gate yet, will post updates as we go.. pic.twitter.com/lzfD4FCTnn
— Eric Balchunas (@EricBalchunas) October 2, 2023
- Three Arrows co-founder Zhu Su arrested in Singapore, sentenced to 4 months’ prison
- Celsius seeks court approval to start repaying customers by year-end
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-10/8332acaf-ef71-492a-b31c-750a9621a4ca.jpg)
- Jump Trading lost more than $200 million in FTX collapse: Going Infinite
![](https://www.tbstat.com/wp/uploads/2023/03/20230301_BankruptCompanies_FTX-1200x675.jpg)
- Disappointing launch day for futures-based ETH ETFs, total trading volume: $1.96m
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5016.jpeg)
Some stats from the disappointing launch day for futures-based ETH ETFs.
— Vetle Lunde (@VetleLunde) October 3, 2023
Overall, the shallow flows depict a hollow market and a deficient demand for ETH exposure.
You may argue that futures-based ETFs are inferior to spot ETFs, to which I agree. This, however, does not… pic.twitter.com/76h63pbFvT
- Criminal trial date set for September 17 of 2024 for former Celsius CEO Mashinsky
![](https://www.tbstat.com/wp/uploads/2023/05/Screenshot-2023-05-03-at-11.49.08-1200x664.png)
- Judge rejects SEC motion to appeal Ripple ruling
- BTC cumulative volume delta (CVD) on Coinbase turned sharply positive over the past few days, indicating strong market buying
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5017.jpeg)
#BTC cumulative volume delta (CVD) on Coinbase turned sharply positive over the past few days, indicating strong market buying. pic.twitter.com/qQp6BTG7Fo
— Kaiko (@KaikoData) October 2, 2023
- Ripple obtains digital asset license from Monetary Authority of Singapore
![](https://www.tbstat.com/wp/uploads/2022/11/20221108_SingaporeMonetaryAuthority-1200x675.jpg)
- Hong Kong crypto venture capital firm CMCC Global launches $100 million fund amid industry slump
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- Key takeaways from opening statements in Sam Bankman-Fried's trial over the collapse of FTX
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVEHz80UkRuM/v1/1200x800.jpg)
- Since January 2023, Foundry and Antpool have collectively controlled north of 50% of Bitcoin’s hashrate, posing ever-greater centralization risk. Though Foundry’s dominance has softened to 29% from the high of 34% in February, Antpool is inching forward, gaining 5% share over the same period to reach 23%
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- Firms launch El Salvador’s first Bitcoin mining pool tapping geothermal energy
![](https://www.tbstat.com/wp/uploads/2021/06/20210628_El_Salvador_Bitcoin-1200x675.png)
- Digital asset investment products saw inflows for the second week totalling $78m, while trading volumes for ETPs also rose by 37% to $1.13bn for the week
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5018.jpeg)
![](https://miro.medium.com/v2/resize:fit:1200/1*fraovnaPc3swuFIFBSvowg.png)
- Bitstamp is in talks with several big European banks about offering cryptocurrency services
![](https://www.coindesk.com/resizer/b7RFV7k0KmvvlIbFz-WQHeaD3HI=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7SEM456F65BBPN77XYFPCO4J6I.png)
- Caroline Ellison says Bankman-Fried directed her to commit crimes
AUSA: What was his involvement in the crimes?
— Inner City Press (@innercitypress) October 10, 2023
Ellison: He was the head of Alameda then FTX. He directed me to commit these crimes.
AUSA: What makes you guilty?
Ellison: Alameda took several billions of dollars from FTX customers and used it for investments.
- Crypto VC activity continued to decline in Q3, with capital invested and deal count now at their lowest points since Q4 2020
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5019.jpeg)
Crypto VC activity continued to decline in Q3, with capital invested and deal count now at their lowest points since Q4 2020 pic.twitter.com/gXXtV3mJlB
— Galaxy Research (@glxyresearch) October 9, 2023
- Crypto exchange WOO to buy back shares from 3AC to ‘clear uncertainty’
![](https://www.tbstat.com/wp/uploads/2022/06/20220629_3AC2-1200x675.jpg)
- JPMorgan's blockchain-based collateral settlement application goes live: Bloomberg
![](https://www.tbstat.com/wp/uploads/2020/10/20201026_JPMorgan-Crypto-Org-1200x675.jpg)
- Options volumes as a % of overall derivatives market keeps growing. The 7 day moving average reached 3% of the overall derivatives total market activity, a new all time high
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5020.jpeg)
Options volumes as a % of overall derivatives market keeps growing. The 7 day moving average reached 3% of the overall derivatives total market activity today, a new all time high 🚀🚀🚀. Data courtesy of @laevitas1. pic.twitter.com/a00W4IMRoM
— Deribit (@DeribitExchange) September 27, 2023
- Bitcoin long-term balances as a percent of total supply reached their highest since 2010
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5021.jpeg)
However, holding behavior per supply percentage held by long-term holders is at its highest high since 2010. pic.twitter.com/sRUAY2laXp
— David Puell (@dpuellARK) October 10, 2023
- Transactions on the Lightning Network have increased by more than 1212% in 2 years
3/ Chart of the day:
— Binance Research (@BinanceResearch) October 11, 2023
A recent report by @River, reported that transactions on the Lightning Network have increased by more than 1212% in 2 years. This continued to mark the shift away from Bitcoin being just a digital store of value to one that also acts as a medium of exchange. pic.twitter.com/9CjZHpMaUn
- While BTC 60-day correlation with risk assets has been moving upwards, it is way below its 2022 average of over 50%. In fact, BTC showed remarkable resilience to surging borrowing costs and growing macro uncertainty in September, outperforming the S&P 500 and the Nasdaq 100.
![](https://www.cypherpunktimes.com/content/images/2023/10/IMG_5022.jpeg)
- Australia proposes crypto exchange regulation with existing laws
![](https://www.tbstat.com/wp/uploads/2023/08/Australia-1200x671.jpg)
- Digital asset investment products saw inflows for the 3rd consecutive week totalling $15m, although trading volumes remain 27% below the 2023 average
![](https://miro.medium.com/v2/resize:fit:1200/1*AsMrBiiOGb6d9VWAFBZQqQ.png)
- Blackrock/iShares Bitcoin spot ETF application is still under review: BlackRock via FoxBusiness
🚨BlackRock has just confirmed to me that this is false. Their application is still under review. https://t.co/XIfIWZ0Ule
— Eleanor Terrett (@EleanorTerrett) October 16, 2023
- Binance to stop accepting new U.K. users to comply with ad rules
![](https://www.coindesk.com/resizer/zCRIl5NSdKI_vuhTmhxMSkNGuQA=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6IPWS7F3EJCUDFDRPCPURFM7M4.jpg)
- FTX settles customer property disputes to speed up bankruptcy proceedings, plans to return 90% of estate funds
![](https://www.tbstat.com/wp/uploads/2023/10/20231003_FTX_4_News-1200x675.jpg)
- New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion
![](https://content.fortune.com/wp-content/uploads/2023/10/GettyImages-1730503556.jpg?resize=1200,600)
- Grayscale submits new filing to SEC in attempt for spot Bitcoin ETF approval following pivotal court ruling
![](https://www.tbstat.com/wp/uploads/2023/03/20230317_Grayscale-1200x675.jpg)
- US Treasury plans to designate international crypto mixers as money-laundering hubs: WSJ
![](https://www.tbstat.com/wp/uploads/2021/02/20210203_Department_of_Treasury-1200x675.png)
- Upcoming Bitcoin spot ETF decisions. Bloomberg Intelligence estimates a 90% chance approval by Jan 10
Multiple people asking and have seen some older versions being circulated. Here's what the dates currently look like for the spot #Bitcoin ETF race pic.twitter.com/Knwun1s4Gh
— James Seyffart (@JSeyff) October 17, 2023
- Tether will publish reserve data in real time in 2024
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- Digital asset investment products saw inflows for the 4th consecutive week totalling $66m. Total AuM has now risen to $33bn
![](https://miro.medium.com/v2/resize:fit:1200/1*Hf4iykUS1vJMnXShFGCANg.png)
- PetroChina completes first international crude oil trade in Digital Yuan: report
![](https://www.coindesk.com/resizer/SEnNsOzsMDswZZ9f6Mw9CiquGkw=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AVJVEXAQH5CBDKPDOHKENLA6SY.jpg)
- Grayscale court ruling sends Bitcoin ETF approval back to SEC
Grayscale mandate dropped. Nothing new here, as expected. pic.twitter.com/KzOVQur0hI
— Scott Johnsson (@SGJohnsson) October 23, 2023
- North America’s crypto market is more driven by institutional activity than any other region’s with a whopping 76.9% of transaction volume driven by transfers of $1 million or more. The region’s on-chain activity is split relatively evenly between DeFi and centralized exchanges
![](https://www.chainalysis.com/wp-content/uploads/2023/10/blog-chapter-headers-na.png)
- Grayscale launches crypto indices product with FTSE Russell
![](https://www.tbstat.com/wp/uploads/2023/03/20230317_Grayscale_Color-1200x675.jpg)
- Euroclear settles World Bank blockchain bond
![](https://s1.reutersmedia.net/resources_v2/images/rcom-default.png?w=800)
- BlackRock’s iShares Bitcoin Trust IBTC has been removed from DTCC's list
Wait, with today's update, now the iShares Bitcoin Trust IBTC is gone from DTCC's list? @EricBalchunas @JSeyff https://t.co/r5vYkAXroW pic.twitter.com/fH9oy4ribx
— Joe Light (@joelight) October 24, 2023
- FTX is negotiating with three bidders to restart crypto exchange, firm expected to decide fate of exchange in December
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJWR1V66PCY4/v1/1200x800.jpg)
- Bitfinex Securities announces tokenized bond
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-10/3f2fe233-7cb3-4be0-a971-d66694470845.jpg)
- Bankman-Fried lawyer says client will take stand
SBF's lawyer Cohen: We're going to put on three witnesses - then our client
— Inner City Press (@innercitypress) October 25, 2023
- UK lawmakers pass bill to help seize illicit crypto
![](https://www.coindesk.com/resizer/IqZKmvxSNm7mQ10UX2NNUB9hLcI=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/A3OKLUFRV5BEFA6FMWH6RJIEXA.jpg)
- Kraken to share user data with IRS next month following June court order
![](https://www.tbstat.com/wp/uploads/2023/03/20230301_BankruptCompanies_Kraken-1200x675.jpg)
- Gemini sues Genesis over $1.6 billion of Bitcoin Trust shares
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iY8ykPK6kYMg/v1/1200x801.jpg)
- Crypto delistings from exchanges are already running at a record pace this year
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imgWKrKLCdbY/v0/1200x728.png)
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