https://i.imgur.com/ArYFSvN.jpg In this week's edition of the crypto weekly brew, we will dive into the allegations of fraud, regulatory delays in approving the Bitcoin ETF and MicroStrategy’s relentless Bitcoin acquisition strategy. # Three Arrows Capital co-founder Zhu arrested https://i.imgur.com/IDlYfqr.png Source: [Three Arrows Capital co-founder Zhu arrested in Singapore airport, sentenced four months in prison](https://techcrunch.com/2023/09/29/three-arrows-capital-co-founder-zhu-arrested-in-singapore-airport-sentenced-four-months-in-prison/) Su Zhu, one of the co-founders of Three Arrows Capital is currently facing contempt charges in Singapore. This adds to the issues that have been affecting the [cryptocurrency market](https://leofinance.io/@leoglossary/cryptocurrency). The events of 2021 and 2022 have left an impact leading to figures, in the industry getting involved in legal disputes. It remains to be seen how this lingering aftermath will affect the direction of the [crypto space and market](https://leofinance.io/@leoglossary/cryptocurrency). # ETF Uncertainties https://i.imgur.com/qFftKK1.png Source: [SEC Delays Decision on Four Spot Bitcoin ETF Filings Ahead of Government Shutdown](https://decrypt.co/199305/sec-punts-four-spot-bitcoin-etf-filing-ahead-government-shutdown) The [Securities and Exchange Commission (SEC)](https://leofinance.io/@leoglossary/leoglossary-securities-and-exchange-commission-sec) has again chosen to delay the approval of spot [Bitcoin](https://leofinance.io/@leoglossary/leoglossary-bitcoin) [exchange-traded funds (ETFs)](https://leofinance.io/@leoglossary/leoglossary-exchange-traded-fund-etf), from major players like BlackRock, Valkyrie and Bitwise. This has led to a period of uncertainty in the crypto market and raises questions about the speed of processes and unresolved issues. The slow pace of decisions has left the community waiting anxiously as [ETF](https://leofinance.io/@leoglossary/leoglossary-exchange-traded-fund-etf) delays have become all too common. How will the [crypto market](https://leofinance.io/@leoglossary/cryptocurrency) react to this back-and-forth? Is there a growing sense of indifference replacing the anticipated impact? These uncertainties continue to add uncertainty to the [crypto market](https://leofinance.io/@leoglossary/cryptocurrency). # Kraken Pivoting into TradFi https://i.imgur.com/ckhtw0o.png Source: [Crypto exchange Kraken to offer US-listed stocks' trading, Bloomberg reports](https://www.reuters.com/markets/currencies/crypto-exchange-kraken-offer-us-listed-stocks-trading-bloomberg-news-2023-09-27/) [Kraken](https://www.kraken.com/), one of the biggest [crypto](https://leofinance.io/@leoglossary/cryptocurrency) exchanges has taken a bold leap by entering the [traditional stock](https://leofinance.io/@leoglossary/leoglossary-stock-split) ([TradFi](https://leofinance.io/@leoglossary/leoglossary-tradfi)) market, trading markets in both the US and UK. This move has raised eyebrows about how sustainable such ventures are in a changing [crypto](https://leofinance.io/@leoglossary/cryptocurrency) landscape. Critics question whether there is demand, for integrating assets or if this is simply an attempt to diversify revenue streams amidst market fluctuations. Are people interested, in these integrated platforms? Is this a delicate balancing act in an unpredictable market that could shift unexpectedly? Krakens' bold move prompts reflection on how [cryptocurrency](https://leofinance.io/@leoglossary/cryptocurrency) intersects with traditional markets. # MicroStrategy’s Bitcoin Odyssey https://i.imgur.com/J7W5GOF.png Source: [Michael Saylor’s MicroStrategy Spends $150 Million to Add to Bitcoin Stockpile](https://www.bloomberg.com/news/articles/2023-09-25/michael-saylorr-s-microstrategy-mstr-buys-more-bitcoin-btc#xj4y7vzkg) Michael Saylor, the driving force behind MicroStrategy remains unwavering in his pursuit of acquiring [Bitcoin](https://leofinance.io/@leoglossary/leoglossary-bitcoin). Whenever the market experiences a downturn, Saylor seizes the opportunity to strategically purchase at levels of resistance. These trades garner attention and ignite discussions about market dynamics, speculation and the complex psychology of a changing [crypto market](https://leofinance.io/@leoglossary/cryptocurrency). Is Saylor engaged in a high stakes game? What are the implications, for the [crypto](https://leofinance.io/@leoglossary/cryptocurrency) community? # Aptos and Thala's Million-Dollar Venture https://i.imgur.com/Vkc4tbG.png Source: [Aptos and Thala launch $1 million fund to foster new DeFi protocols](https://coinmarketcap.com/headlines/news/aptos-and-thala-launch-1-million-fund-to-foster-new-defi-protocols/) Aptos and Thala have recently launched a [fund](https://leofinance.io/@leoglossary/leoglossary-fund) one million dollars specifically aimed at supporting the development of [DeFi](https://leofinance.io/@leoglossary/leoglossary-decentralized-finance-defi) protocols. While the amount may seem insignificant compared to their capital raised it brings attention to potential frauds and improper use of funds. The vulnerability of the [crypto](https://leofinance.io/@leoglossary/cryptocurrency) ecosystem calls for an examination of the relationship between projects and the influencers they employ. Are these funds genuinely driving progress in the [DeFi](https://leofinance.io/@leoglossary/leoglossary-decentralized-finance-defi) space. Are they unintentionally creating an environment that is susceptible to scams? Only time will reveal the nature of this million dollar endeavour, which raises questions about how [DeFi](https://leofinance.io/@leoglossary/leoglossary-decentralized-finance-defi) intersects with traditional [investment](https://leofinance.io/@leoglossary/leoglossary-investment) strategies. There is never a dull moment in the crypto sphere and every week, there is some new fraud, allegation, or impediment that the crypto landscape is having to overcome. Nonetheless, its evident that the approval of the [Bitcoin](https://leofinance.io/@leoglossary/leoglossary-bitcoin) [ETF](https://leofinance.io/@leoglossary/leoglossary-exchange-traded-fund-etf) may help kickstart the crypto market for the long term. Until then it is a waiting game. --- Thank you for reading and hope you have a good rest of the day! Follow me on these other platforms where I also post my content: [Publish0x](https://www.publish0x.com/@aftershock9?a=Vyb82ANmev) || [Hive](https://hive.blog/@mercurial9) || [Read.Cash](https://read.cash/@merurial9) || [Noise.App](https://noise.app/mercurial9) || [Twitter](https://twitter.com/minimalistpixel)|| [Torum](https://www.torum.com/u/mercurial9) Posted Using [LeoFinance Alpha](https://leofinance.io/@mercurial9/scams-regulatory-challenges-and-microstrategys-bitcoin-journey-crypto-weekly-brew-009)
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|---|---|---|---|---|---|---|---|
| permlink | scams-regulatory-challenges-and-microstrategys-bitcoin-journey-crypto-weekly-brew-009 | ||||||
| category | hive-167922 | ||||||
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| created | 2023-10-02 10:44:24 | ||||||
| last_update | 2023-10-02 10:44:24 | ||||||
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| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| kevinwong | 0 | 17,795,414,913 | 2.5% | ||
| jeffjagoe | 0 | 2,241,064,804 | 0.3% | ||
| scaredycatguide | 0 | 6,824,961,452 | 5% | ||
| uwelang | 0 | 1,491,986,304 | 4% | ||
| mangos | 0 | 1,621,181,687,092 | 29% | ||
| funnel | 0 | 5,937,880,302 | 10% | ||
| pouchon | 0 | 454,223,164,125 | 10% | ||
| l337m45732 | 0 | 873,534,019 | 2% | ||
| bitrocker2020 | 0 | 66,652,814,079 | 5% | ||
| swelker101 | 0 | 529,595,437 | 2.5% | ||
| arrliinn | 0 | 3,038,218,383 | 2% | ||
| joeyarnoldvn | 0 | 477,314,386 | 1.47% | ||
| costanza | 0 | 237,975,146,027 | 40% | ||
| niallon11 | 0 | 49,138,424,528 | 2% | ||
| roleerob | 0 | 20,758,738,151 | 5% | ||
| fatman | 0 | 9,135,393,057 | 2% | ||
| thetimetravelerz | 0 | 3,513,234,398 | 5% | ||
| globetrottergcc | 0 | 566,168,843 | 10% | ||
| senorcoconut | 0 | 1,393,946,480 | 2.5% | ||
| xabi | 0 | 1,211,218,404 | 20% | ||
| vintherinvest | 0 | 634,341,710 | 5% | ||
| elbrava | 0 | 3,848,760,762 | 100% | ||
| dudeontheweb | 0 | 4,238,606,147 | 4% | ||
| shaidon | 0 | 11,686,287,422 | 10% | ||
| sportfrei | 0 | 6,839,378,793 | 20% | ||
| getron | 0 | 2,401,872,903 | 10% | ||
| gabrielrr17 | 0 | 751,104,315 | 5% | ||
| shortsegments | 0 | 543,138,988 | 0.5% | ||
| gallerani | 0 | 597,975,684 | 10% | ||
| pardinus | 0 | 19,758,739,482 | 10% | ||
| ireenchew | 0 | 4,278,969,125 | 7% | ||
| dlike | 0 | 27,860,832,819 | 10% | ||
| pedrocanella | 0 | 525,873,353 | 10% | ||
| minnowshares | 0 | 13,898,892,472 | 100% | ||
| upvoteshares | 0 | 180,462,069,461 | 42% | ||
| sanjeev021 | 0 | 13,926,619,712 | 5% | ||
| marianaemilia | 0 | 88,928,650,124 | 10% | ||
| canon12 | 0 | 8,582,167,452 | 100% | ||
| aiuna | 0 | 706,115,752 | 5% | ||
| bolachasmonster | 0 | 488,213,085 | 5% | ||
| flyingbolt | 0 | 735,686,975 | 10% | ||
| a1004 | 0 | 1,675,321,682 | 100% | ||
| synergized | 0 | 493,469,885 | 5% | ||
| steemmonsterking | 0 | 1,479,168,712 | 100% | ||
| edian | 0 | 3,480,464,871 | 10% | ||
| elements5 | 0 | 64,737,137,948 | 100% | ||
| anjanida | 0 | 3,304,957,267 | 100% | ||
| bastter | 0 | 1,055,554,350 | 10% | ||
| travelwritemoney | 0 | 4,112,938,469 | 10% | ||
| mukund123 | 0 | 531,247,228 | 5% | ||
| leo.voter | 0 | 10,632,803,630,120 | 10% | ||
| babytarazkp | 0 | 2,830,233,833 | 40% | ||
| agro-dron | 0 | 2,369,046,105 | 10% | ||
| pouchon.tribes | 0 | 4,753,282,423 | 7.5% | ||
| emeka4 | 0 | 1,190,315,223 | 10% | ||
| libertygame27 | 0 | 1,790,291,975 | 100% | ||
| arsenal4life | 0 | 1,233,768,961 | 100% | ||
| x9ed1732b | 0 | 3,362,565,179 | 9% | ||
| goldmonsters | 0 | 2,701,441,486 | 50% | ||
| rmsadkri | 0 | 15,056,251,459 | 8% | ||
| balvinder294 | 0 | 2,865,052,528 | 2% | ||
| mercurial9 | 0 | 76,889,336,002 | 100% | ||
| thegcc | 0 | 7,817,615,710 | 100% | ||
| nateaguila-spt | 0 | 3,437,217,421 | 100% | ||
| gonklavez9 | 0 | 2,156,637,080 | 100% | ||
| patientgamer9 | 0 | 2,001,478,086 | 100% | ||
| officialhisha | 0 | 842,712,459 | 2.5% | ||
| scooter77.spt | 0 | 937,167,502 | 80% | ||
| reonarudo | 0 | 679,717,899 | 5% | ||
| leoschein | 0 | 4,838,876,101 | 5% | ||
| leo.tokens | 0 | 1,959,075,937 | 10% | ||
| carlosro | 0 | 3,936,918,012 | 10% | ||
| brucolac | 0 | 713,699,464 | 6% | ||
| giemo | 0 | 951,975,506 | 10% | ||
| vanidike | 0 | 485,050,225 | 100% | ||
| tamdike | 0 | 478,883,084 | 100% | ||
| axlertwinblade | 0 | 5,613,684,535 | 100% | ||
| olympicdragon | 0 | 153,732,319 | 100% | ||
| vitoragnelli | 0 | 852,522,734 | 100% | ||
| banzafahra | 0 | 649,618,066 | 5% | ||
| scrubs24 | 0 | 2,217,807,682 | 7.5% | ||
| trasto | 0 | 28,008,053,002 | 5% | ||
| kojiri | 0 | 510,720,047 | 5% | ||
| reppilc | 0 | 6,130,574,873 | 70% | ||
| jude9 | 0 | 1,327,493,368 | 5% | ||
| elfino28 | 0 | 989,061,685 | 7% | ||
| waivio.welcome | 0 | 682,099,537 | 1.32% | ||
| bteim | 0 | 30,286,637,923 | 50% | ||
| methodofmad | 0 | 270,047,791,881 | 40% | ||
| saboin.leo | 0 | 42,895,314 | 14% | ||
| grabapack | 0 | 1,706,205,206 | 5% | ||
| henrietta27 | 0 | 556,010,901 | 5% | ||
| prosocialise | 0 | 8,244,927,199 | 5% | ||
| khaltok | 0 | 863,511,374 | 10% | ||
| mesk | 0 | 560,257,112 | 5% | ||
| dragonmk47 | 0 | 5,829,413,425 | 5% | ||
| vrezion | 0 | 816,763,494 | 100% | ||
| genepoolcardlord | 0 | 12,904,625,183 | 5% | ||
| thoth442 | 0 | 477,465,809 | 5% | ||
| leo.tasks | 0 | 149,623,403 | 10% | ||
| cindy911 | 0 | 6,889,660,650 | 10% | ||
| abu78 | 0 | 1,052,745,098 | 3.5% | ||
| scraptrader | 0 | 740,423,729 | 2% |
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