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NY files lawsuit against crypto firms, FTX's Nishad potentially faces 75-year imprisonment, and Grayscale's latest BTC filing: Hodler's Digest, Oct. 15-21.

NY files lawsuit against crypto firms, FTX’s Nishad potentially faces 75-year imprisonment, and Grayscale’s latest BTC filing: Hodler’s Digest, Oct. 15-21.

Grayscale Investments has filed for a new spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), continuing its efforts to convert its Grayscale Bitcoin Trust into an ETF. The New York Attorney General has filed a lawsuit against cryptocurrency firms Gemini, Genesis, and DCG for allegedly defrauding investors through the Gemini Earn investment program. Former FTX engineering director, Nishad Singh, faces up to 75 years in prison after pleading guilty to charges related to defrauding users of the crypto exchange. Binance will be shutting down its European Visa debit card services in December, following the restoration of euro deposits and withdrawals. Elon Musk, Mark Cuban, and others have submitted a shared amicus brief to the Supreme Court of the United States, raising concerns about the SEC’s approach to conducting internal proceedings without juries. In terms of market performance, Bitcoin is at $29,590, Ether at $1,607, and XRP at $0.52. The top altcoin gainers of the week are Bitcoin SV, Stacks, and MX TOKEN, while the top altcoin losers are Conflux, Frax Share, and Sui. Notable quotations include Edward Snowden discussing Bitcoin’s role in the bigger game and Nishad Singh expressing his feelings of betrayal regarding FTX. In terms of predictions, there are expectations that Bitcoin’s price will break $32K soon. In terms of FUD (fear, uncertainty, doubt), the Fantom Foundation has been hacked for over $550K, TrueUSD has experienced a potential data leak, and the FinSoul gaming project is accused of carrying out an exit scam.

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