Hodler’s Digest, Nov. 5-11 – Cointelegraph Magazine
Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first time in over 18 months.
CME overtakes Binance to grab largest share of Bitcoin futures open interest
However, James Seyffart, a research analyst at Bloomberg Intelligence specializing in exchange-traded funds, questioned whether the increasing open interest in Bitcoin futures on CME would address historical concerns of the United States Securities and Exchange Commission regarding the depth of Bitcoin markets and the potential for market manipulation.
Cryptoqueen’s OneCoin legal chief pleads guilty to fraud
The former head of legal and compliance at OneCoin is looking at a potential 10-year prison term for her involvement in the $4 billion cryptocurrency trading scheme. In Manhattan federal court, the ex-compliance chief of OneCoin, Irinia Dilkinska, pleaded guilty to charges of wire fraud and money laundering.
Genesis seeks court’s approval to reduce Three Arrows Capital claim from $1B to $33M
Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the collapsed crypto hedge fund Three Arrows Capital (3AC).
SafeMoon CEO bail release goes on hold after Feds cite flight risk
SafeMoon CEO Braden John Karony’s bail release has been delayed by U.S. federal prosecutors, who argue that he may try to leave the country due to his alleged access to funds and connections abroad.
Binance to terminate Russian ruble deposits next week
Binance users in Russia need to take note: They have a little over two months, until Jan. 31, 2024, to withdraw their rubles from the platform.
Winners and Losers
At the end of the week, Bitcoin (BTC) is at $37,249, Ether (ETH) at $2,078 and XRP (XRP) at $0.67. The total market cap is at $1.42 trillion, according to CoinMarketCap.
Most Memorable Quotations
SEC Chair Gensler cannot continue to abuse the powers of his agency to fulfill a political agenda of driving the new and promising digital asset industry offshore.
Prediction of the week
Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K
FUD of the Week
JPEX scandal: Taiwan determines new suspects in alleged fraud — Report
Taiwanese prosecutors are seeking to detain Chang Tung-ying, the chief partner at JPEX’s Taiwan office, on charges of fraud related to the JPEX cryptocurrency exchange.
Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack
Blockchain security firm CertiK indicates that the recent $2.4 million theft from Australian cryptocurrency exchange CoinSpot hot wallet likely occurred due to a “private key compromise.”
Poloniex exchange suffers $100M exploit, offers 5% bounty
A crypto wallet linked to the digital exchange Poloniex has experienced suspicious outflows, evident on the blockchain explorer Etherscan. Blockchain security experts suspect a breach, resulting in attackers draining up to $100 million in crypto.
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