Invesco and Galaxy Pursue Spot Ether ETF Application Invesco and Galaxy Digital aim to introduce a spot Ethereum (ETH) exchange-traded fund (ETF) as more and more asset managers continue to explore digital asset products. In a Friday post on X (formerly Twitter), Bloomberg ETF analyst James Seyffart revealed that the two asset managers have filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. https://cryptonews.com/news/invesco-galaxy-pursue-spot-ether-etf-application.htm

Could ChatGPT's Latest Enhancement Herald a Revolutionary Phase for Crypto? OpenAI founder Sam Altman has announced an enhancement to the company's popular AI-powered chatbot ChatGPT that could potentially revolutionize the crypto industry. Altman has recently confirmed that ChatGPT, a powerful language model, can now browse the internet to provide up-to-date information with source links, breaking free from its previous limitation of data only up to September 2021. https://cryptonews.com/news/could-chatgpts-latest-enhancement-herald-revolutionary-phase-for-crypto.htm

Sam Bankman-Fried Will Remain in Jail Throughout His Trial Until Mid-November Former FTX CEO Sam Bankman-Fried will remain in jail throughout his trial utnil mid-November after the District Judge Lewis Kaplan denied his temporary release to prepare for the trial. The trial, scheduled to run from October 4th until November 9th, comes after Judge Kaplan denied a motion for Bankman-Fried's temporary release during a hearing on September 28th. The former FTX CEO's legal team had sought his temporary freedom, but the judge expressed concerns that Bankman-Fried might be a flight risk if the trial didn't go in his favor, citing his young age and the potential for a lengthy prison sentence if convicted. While temporary release was denied, the judge did grant Bankman-Fried some concessions. https://cryptonews.com/exclusives/sam-bankman-fried-will-remain-in-jail-throughout-his-trial-until-mid-november.htm

Bitcoin Price Prediction: BTC Rises by 2.50% Following a String of Fundamental Events Bitcoin (BTC), the world's largest cryptocurrency, experienced some gains but remained below the $27,000 mark on Friday morning. Meanwhile, the total value of all cryptocurrencies stood at $1.07 trillion at the time of this report, showing a 2.50% increase in the last 24 hours.https://cryptonews.com/news/bitcoin-price-prediction-btc-rises-by-250-following-string-of-fundamental-events.htm

Epic Games Trims Workforce by 16% Due to Unrealistic Metaverse Revenue Projections Epic Games, the creator of Battle Royale Smash, Fortnite, is cutting off approximately 830 staff, or 16% of its workforce, as it looks to reduce its costs and create a viable financial ecosystem for the company. https://cryptonews.com/news/epic-games-trims-workforce-by-16-due-unrealistic-metaverse-revenue-projections.htm

Gemini Reportedly Withdrew $280 Million From Genesis Before Crypto Lender Filed for Bankruptcy Tyler and Cameron Winklevoss owned Gemini exchange reportedly withdrew approximately $280 million from Genesis Global just months before the crypto lender initiated a freeze on customer deposits and ultimately filed for bankruptcy. Genesis and Gemini had jointly offered an "Earn" program that allowed customers to earn interest on their cryptocurrency holdings. Under this program, users of the Winklevoss-owned exchange could lend their digital assets through Genesis. https://cryptonews.com/news/gemini-reportedly-withdrew-280-million-from-genesis-before-crypto-lender-filed-for-bankruptcy.htm

Brazilian Military, Police, Civil Servants Face ‘Crypto Mining Ban’ The Brazilian state of Santa Catarina has barred public officials, including police and military officers, from mining crypto. In an updated set of rules for public sector workers, the state wrote that public officials, including members of the armed forces and civil servants, should “refrain” from mining crypto when in working environments. https://cryptonews.com/news/brazilian-military-police-civil-servants-face-crypto-mining-ban.htm This move will make it a punishable offense to use Santa Catarina government WiFi networks and intranet connections to mine crypto. The rules were compiled by the state’s police force, and note that networks will be “monitored” to ensure employees comply with the new rule.

Binance has asked Paysafe users to convert their euro balances to USDT by the end of October as the payments provider has stopped processing euro deposits for the exchange's users. In a Thursday announcement, Binance said Paysafe has "unilaterally decided to stop processing EUR deposits for Binance users," advising users to convert their euro balances to USDT. The exchange also noted that users may continue to withdraw their euro balances from Binance accounts to their bank accounts. Binance further detailed that Paysafe users will no longer be able to trade EUR spot trading pairs from September 28 at 4:00 am UTC and open orders will be canceled an hour later. "Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses," the exchange said. Binance Convert, which operates like a token swap, will also be restricted for euro transactions. https://cryptonews.com/

Police Make 12 Arrests, Seize $1 Million in Cash and $9.8 Million in Assets in JPEX Case On Tuesday, Hong Kong police announced the arrest of 12 suspects in connection with the JPEX cryptocurrency exchange platform scandal. During a press conference on Wednesday, Chris Tang Ping-Keung, the Secretary for Security of Hong Kong, reassured the public that the police are fully committed to delivering justice to those affected by the JPEX cryptocurrency exchange fraud. Tang revealed that 12 arrests have been made so far, and assets totaling 77 million HKD ($9.8 million), including real estate and digital currency, along with over 8 million Hong Kong dollars ($1 million) in cash, have been seized. Among the arrested individuals are three employees from JPEX Technical Support Company, in addition to YouTubers Chan Wing-yee and Chu Ka-fa. However, as reported by the South China Morning Post, the total number of arrests has now reached 15. One of the newly arrested individuals is Chung Wai-hin, a 23-year-old director of the over-the-counter (OTC) cryptocurrency exchange store Money Lupin https://cryptonews.com/news/police-make-12-arrests-seize-1-million-cash-98-million-assets-jpex-case.htm

Mainstream Media Objects to Further Customer Data Redactions in FTX Bankruptcy Case Prominent media outlets, including Bloomberg, Dow Jones & Company, The New York Times, and The Financial Times, have raised objections to a joint motion by the debtors and the Official Committee of Unsecured Creditors asking for further data redactions in FTX bankruptcy case. The motion sought authorization to extend the redaction of confidential customer information for an additional 90 days, covering the names, addresses, and email addresses of all of the debtors' customers, including entities and institutional creditors who were also customers. https://cryptonews.com/news/mainstream-media-objects-further-customer-data-redactions-ftx-bankruptcy-case.htm