Crypto weekly: Grayscale launches crypto indices product with FTSE Russell; Ripple v. SEC: Agency wants $770M to settle XRP lawsuit.

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week.

Review of the past week:

October 24, 2023 Grayscale launches crypto indices product with FTSE Russell.
Grayscale Investments is collaborating with FTSE Russell to launch the Crypto Sector Index Series, tracking digital assets by purpose. Read more
October 25, 2023

Recovery firm proposes cracking former Ripple CTO’s $244M Bitcoin hard drive.
Stefan Thomas, the former chief technology officer at Ripple, has an IronKey hard drive containing 7,002 BTC with only two attempts at guessing a password remaining. Read more

October 26, 2023 Lawmakers call on DOJ to consider charges against Binance, further investigate Tether over possible involvement in illicit finance.
Republican lawmakers urged the U.S. Department of Justice to figure out the extent to which Binance and Tether might be supporting terrorism funding following attacks on Israel. Read more
October 26, 2023

Ripple v. SEC: Agency wants $770M to settle XRP lawsuit.
In a milestone legal development, Ripple, the blockchain solution provider, celebrated yet another legal triumph against the US Securities and Exchange Commission (SEC) earlier this week. Read more

October 27, 2023 Kraken to share user data with IRS next month following June court order.
Crypto exchange Kraken will share user data with the IRS next month following a June court order. Read more


What’s coming up for us this week:

November 01, 2023 Fed Interest Rate Decision.
Federal Open Market Committee (FOMC) members will announce the interest rate on November 1, 2023, at 06:00 P.M. Read more


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Best regards,
FYBIT team