Coin Telegraph

Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham's data suggests the assets are still under the firm's control.

Electric car manufacturer Tesla likely still owns its entire Bitcoin stash worth $780 million despite transferring all the funds to unidentified wallets on Oct. 15, according to a blockchain analytics firm. 

“We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla,” Arkham Intelligence said in an Oct. 22 X post.

Tesla split the 11,509 Bitcoin between seven wallets holding between 1,100 and 2,200 BTC on Oct. 15, Arkham noted. Wallet addresses “1Fnhp” and “1LERL” received the largest batches worth $142.2 million and $128.1 million, respectively.

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The acquisition of its competitor will net Komainu a Singapore Capital Markets Services License and hope for a Major Payment Institution license in the future.

Digital asset custody provider Komainu has targeted Singapore’s Propine Holdings, the parent company of local custody provider Propine Technologies, for acquisition. The value of the transaction was not disclosed.

If the sale is approved it will be Komainu’s first acquisition, but probably not its last, its CEO said.

The sale of Propine to Komainu requires approval from the Monetary Authority of Singapore (MAS). Propine Technologies holds a Capital Markets Services License issued by MAS to provide institutional custodial services, which Komainu co-CEO Paul Frost-Smith called “an absolutely key factor in building” Komainu in an interview with Bloomberg.

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The tokenized fund will invest in data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe. 

Investment banking firm Aurum Equity Partners has announced the launch of a $1 billion tokenized fund, combining equity and debt assets under the same basket. 

According to an Oct. 22 announcement, the new tokenized fund will focus on establishing data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe. 

The fund will rely on Zoniqx’s asset tokenization solutions and the Dynamic Compliant Interoperable Security Token (DyCIST) protocol. It will also leverage the layer-1 blockchain XRP Ledger (XRPL) to explore new opportunities in real-world asset tokenization (RWA). Combined, these tools will convert the firm’s assets into tokenized financial instruments. 

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Gustavo Rodriguez, who was initially scheduled to be sentenced following his conviction for conspiracy to commit wire fraud, will testify under oath on Oct. 25.

Gustavo Rodriguez, one of the promoters of the cryptocurrency mining and trading firm IcomTech convicted of wire fraud, will have a few more days to prepare for his testimony and cross-examination before sentencing in a New York courtroom.

In an Oct. 22 hearing in the United States District Court for the Southern District of New York, Rodriguez’s lawyers requested Judge Jennifer Rochon grant an evidentiary hearing, claiming the former IcomTech promoter wanted to testify at his March 2024 trial. Judge Rochon said the court would hear testimony from Rodriguez and a witness on Oct. 25.

Rodriguez was one of two IcomTech promoters — along with his colleague David Brend — charged in the indictment against the project’s founder, David Carmona. Authorities alleged IcomTech amounted to a crypto-based Ponzi scheme, siphoning more than $8 million from users between 2018 and 2019.

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The partnership was originally announced in mid-2023 ahead of the launch of FedNow.

Digital banking network Metallicus announced the completion of its testing and certification phase and the launch of its services on the United States Federal Reserve’s FedNow instant payments platform. 

The Oct. 22 announcement comes more than a year after the Fed announced Metal Blockchain’s integration with FedNow, highlighting the lengthy certification process as the central bank purportedly aims to onboard thousands of financial institutions over time. 

Per Don Berk, the chief operating officer of Metallicus:

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The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) have both released a series of papers ahead of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting on Oct. 23 and 24.

Brazil is the president of the G20 world’s largest economies for 2024 and, like India last year, it called for a discussion of digital currency.

Both the BIS and FSB released papers on tokenization on Oct. 22. Although their studies were carried out independently, the BIS and FSB emphasized common themes.

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Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?

Bitcoin (BTC) has slipped below $67,000 after closing last week above $69,000, its strongest close since the start of June. However, the fall has not scared away the investors. According to Farside Investors data, United States-based Bitcoin exchange-traded funds witnessed inflows of $294.3 million on Oct. 21.

Usually, after the price spends a long time in a range, it needs a strong trigger to break out from the sideways price action. The upcoming United States elections could act as a catalyst for a new trending move in Bitcoin. Many believe that a victory by the former US president and Republican nominee Donald Trump could propel Bitcoin higher.

Daily cryptocurrency market performance. Source: Coin360

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Documentary filmmaker Cullen Hoback stands by his allegation Todd is Satoshi Nakamoto despite his denial. 

Canadian cryptographer and computer scientist Peter Todd says he’s been forced into hiding for fear of his safety after an HBO documentary supposedly outed him as the inventor of Bitcoin (BTC). 

The film, dubbed “Money Electric: The Bitcoin Mystery,” aired on Oct. 9 and was purported to finally reveal the mystery surrounding the true identity of “Satoshi Nakamoto,” the pseudonym of a person thought to be the inventor of Bitcoin. 

Ultimately, after exploring other potential candidates, the documentary ended on a dubious note with Todd stating “Well yeah, I’m Satoshi Nakamoto.” 

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The regulator’s Division of Examinations specifically named spot Bitcoin and Ether exchange-traded products in its priorities after their 2024 launch. 

The United States Securities and Exchange Commission (SEC) has again included cryptocurrencies in its list of examination priorities for the next year, even as its leadership and government control could change hands. 

In an Oct. 21 notice, the SEC’s Division of Examinations released its priorities for 2025, including crypto assets and their “associated products and services.”

According to the regulator, it planned to focus on the “offer, sale, recommendation, advice, trading, and other activities involving crypto assets,” explicitly naming spot Bitcoin (BTC) and Ether (ETH) exchange-traded products. 

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CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations. 

Bitcoin miner Core Scientific has announced the expansion of its hosting contract with artificial intelligence computing firm CoreWeave.

According to an Oct. 22 announcement, the extended agreement adds 120 megawatts (MW) of power to CoreWeave’s high-performance computing (HPC) operations, bringing the total to 500 MW across six Core Scientific sites.

The revised partnership is expected to generate up to $8.7 billion in revenue over the next 12 years for Core Scientific.

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