ChainCatcher news, recently, multiple Bitcoin ETFs have been approved, driving institutional investors' interest in Bitcoin. However, the upcoming elections may introduce regulatory changes that could impact Bitcoin's growth, especially if the elected candidates are unfavorable towards cryptocurrencies.For Ethereum, DeFi Options platform founder Nick Forster stated that depending on the election results, the DeFi ecosystem may face regulatory scrutiny. He further explained that the current market volatility reflects traders' expectations of increased uncertainty.

ChainCatcher news, Michael Lewis, the author of "The Big Short," revealed in his new book "Going Infinite" that in the face of increasing regulatory scrutiny, particularly the strict demands from regulators regarding the FTX investor list and their personal details, SBF believed that maintaining Changpeng Zhao as the second-largest shareholder of FTX was no longer in the company's long-term interest. A former Binance employee disclosed, "When asked about Changpeng Zhao's family and residence, he was reluctant to provide that private information."To avoid this regulatory pressure, SBF proactively proposed to buy back the FTX shares that Zhao had acquired for $80 million at the end of 2019. Zhao quoted a price of $2.2 billion. Despite the high price, SBF agreed to pay. However, just as both parties were about to sign the formal agreement, Zhao suddenly requested an additional $75 million. SBF agreed to this extra fee and ultimately completed the equity buyback.

ChainCatcher news, according to Reuters, the U.S. Securities and Exchange Commission (SEC) is seeking detailed information on the due diligence of FTX investors. Sources revealed that the SEC has inquired with several FTX investors and issued document requests, asking them to provide what due diligence policies and procedures were established when investing in FTX, whether these policies and procedures were followed, and whether the investors fulfilled their fiduciary duties.As the related investigation has not been made public, sources declined to disclose the names of the venture capital firms being investigated by the SEC. Analysts believe that the initiation of this investigation by the SEC may indicate that venture capital firms and funds that invested in FTX will also face regulatory scrutiny, even if they may be potential victims of FTX's bankruptcy. (source link)