[Comparative Weekend Review] The second fund under crypto investment company ParaFi Capital raised nearly $39 million; nChain CEO left, saying Craig Wright was not Satoshi Nakamoto; US Department of Justice: FTX customers and investors will testify against SBF

Comparative review of the weekend's key news:

[SEC Delays Decision on Vaneck Spot Bitcoin ETF]

Comparative news, according toThe BlockReport,SECPostponed YesVanEckIn stockBitcoinThe ETF application makes a resolution. The regulator said additional procedures are being initiated to determine whether the proposed ETF should be approved or not. The SEC requires comments from commentators; they have 21 days to submit written data, opinions, and arguments; there is also a 35-day rebuttal period, which means the approval process will take at least a few months.

Furthermore, the SEC targetsWisdomTreeThe spot Bitcoin ETF application submitted stated: “The commencement of the procedure does not indicate that the Commission has reached any conclusion on any of the issues involved.” The SEC also added that it hopes to deal withCoinbaseThe proposed supervisory sharing agreement has new ideas.
Earlier today, Bloomberg ETF analysts saidJames Seyffart在XThe platform issued an article stating that the SEC has postponed the reviewFidelity InvestmentsResolutions were made with WisdomTree's two spot Bitcoin ETF applications.

[Crypto investment company ParaFi Capital's second fund raised nearly $39 million]

Comparing news, a $633 million crypto investment company with asset managementParaFi CapitalIt was announced that its second fund has raised nearly 39 million US dollars. According to reports, the fund's financing target is 100 million US dollars. According to Form D information disclosed by the US Securities and Exchange Commission, the name of the fund is “ParaFi Venture Fund II LP”. It completed filing in September 2022 and began fundraising in May of this year. Currently, the total amount of capital raised from 52 investors is 38,915,000 US dollars.

Parafi was founded in 2018 by Ben Forman, a former KKR employee. The traditional finance giant made its first blockchain investment in 2021 through the ParaFi Fund.

[nChain CEO leaves office, says Craig Wright is not Satoshi Nakamoto]

Comparing news, Christen Ager-Hanssen left the blockchain development company due to differences with the boardnChain. Ager-Hanssen inXThe post on said that he no longer trusts nChain's chief scientistCraig WrightwereBitcoinanonymous creatorNakamoto Satoshi. In a follow-up post, Ager-Hanssen posted a screenshot of a report which claims to show evidence of Wright's browsing history, which contradicts Wright's long-standing claim that he is Satoshi Nakamoto.

Ager-Hanssen also said that a whistleblower report involving billionaires has been submitted to the nChain board along with five othersCalvin AyreThe impact on nChain's operations was described by Ager-Hanssen as a “shadow director/dictator.”

[US Department of Justice: FTX customers and investors will testify against SBF]

Comparative news, according toCoindeskAccording to reports, the US Department of Justice confirmed in two documents submitted on Saturday that federal prosecutors want to deal with former cryptocurrency executives in the near futureSam Bankman-FriedBefore being summoned during an ongoing trialFTXcustomers, investors, and employees. Customers and investors who own FTX shares can state their expectations for how FTX will hold its funds, while cooperating witnesses can state their interactions with the defendant and their understanding of the purpose of some of the defendant's statements and actions.
The second letter stated that client witnesses may testify for no more than 30 minutes at a time and will involve minimal evidence.

US Department of Justice confirms former FTX chief technology officerGary Wang, Former FTX Engineering SupervisorNishad Singhand beforeAlameda ResearchCEOsCaroline EllisonThe three co-witnesses all admitted to the charges relating to the exchange and will testify in court.
Another former FTX executiveRyan SalameHe pleaded guilty, but had not agreed to testify in court until a few weeks ago. The Ministry of Justice also plans to call at least two other witnesses to testify in court if immunity is granted, but their identities have not been publicly confirmed.

[Deribit: Recently, crypto options trading volume once accounted for 3.7% of perpetual contract trading volume, the highest ratio in history]

Comparing news,DeribitOn 9/29XThe platform posted an article stating that in the past 24 hours, the total trading volume of cryptocurrency options was US$2.47 billion. This accounts for 3.7% of the perpetual contract trading volume in the past 24 hours across all exchanges around the world. It's worth mentioning that there has never been such a high ratio in history.

Yesterday, according to Deribit data, BTC options contracts and $1.83 billion ETH options contracts with a nominal value of more than US$3.2 billion will be settled on September 29. Among them, the biggest pain point price for BTC is $26,500; the biggest pain point price for ETH is $1,650.

[CoinGecko: Coinbase Ventures has completed 372 crypto investment transactions so far]

Comparative news, according toCoinGeckoStatistics, the most active cryptocurrency venture capital firms from 2017 to September 21, 2023 areCoinbase VenturesTo date, 372 crypto investment transactions have been completed. The number of Coinbase Ventures transactions is mainly in the early stages, of which 144 are in the pre-seed or seed stage, and 199 are in the early venture capital phase of the A or B round.
Among the 23 top cryptocurrency venture capital firms, 40.5% of total transactions are in pre-seed or seed stage, and another 52.0% are early-stage venture capital deals. Of the 23 top cryptocurrency venture capital firms, only 13 recorded one or more venture capital growth deals, further indicating the low availability of venture capital firms to invest in more established cryptocurrency companies.

Author: BitPushNewsKatie Lin

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