Crypto asset manager Grayscale Investments has seen its Ethereum Trust (ETHE) product surpass the $1 billion mark in assets under management (AUM).

Cryptocurrency lender Cred had filed for Chapter 11 bankruptcy protection in Delaware, estimating in the filing it has assets between $50 million and $100 million, and liabilities between $100 million and $500 million.

OKEx has hired an “external legal counsel” to help it resume withdrawals from its platform, which were halted on October 16 after one of its private key holders got “out of touch” with the platform while cooperating with authorities in an investigation.

Sponsored: One of the world’s leading licensed and regulated Bitcoin sportsbook, backed by one of the top global financial firms, continues to improve its wide range of sporting events and casino games to bet on.

Top stories in the Crypto Roundup today:

• Grayscale’s Ethereum Trust Surpasses $1 Billion in Assets Under Management
• Crypto Lender Cred Files for Bankruptcy After Experiencing ‘Irregularities’
• OKEx Hired ‘External Legal Counsel’ to Help Resume Halted Withdrawals
• AAVE, BAND, LRC Are Moving in the Crypto Market
• Sponsored: LatinBet24 continues to shatter the industry with its leading best odds and live betting action

Grayscale’s Ethereum Trust Surpasses $1 Billion in Assets Under Management

Cryptocurrency asset manager Grayscale Investments has seen its Ethereum Trust (ETHE) product surpass the $1 billion mark in assets under management (AUM).

The milestone comes as the firm has been seeing record inflows over the last few quarters from investors looking for exposure to cryptocurrencies. The Ethereum Trust allows investors to gain indirect exposure to the second-largest crypto by market cap, ETH, in the form of a security.

Investors who choose to buy ETHE instead of ether do not have to deal with handling private keys. Last month, Grayscale’s Ethereum Trust became a registered reporting company with the U.S. Securities and Exchange Commission (SEC).

Grayscale Investments’ total assets under management are now above $8.5 billion.

Crypto Lender Cred Files for Bankruptcy After Experiencing ‘Irregularities’

Cryptocurrency lender Cred had filed for Chapter 11 bankruptcy protection in Delaware, estimating in the filing it has assets between $50 million and $100 million, and liabilities between $100 million and $500 million.

In a press release, the firm said Grant Lyon was named to the company's board to oversee its restructuring process, and that it hired MACCO Restructuring Group as a financial advisor to evaluate mergers and acquisitions and other restructuring opportunities.

The filing comes after Cred published a cryptic letter in October revealing it experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.” After it expernecied these “irregularities” Cred said it was advised by legal counsel to temporarily suspend inflows and outflows related to its CredEarn program.

At about the same time, cryptocurrency trading platform Uphold revealed it decided to discontinue its relationship with Cred.

OKEx Hired ‘External Legal Counsel’ to Help Resume Halted Withdrawals

Cryptocurrency exchange OKEx has hired an “external legal counsel” to help it resume withdrawals from its platform, which were halted on October 16 after one of its private key holders got “out of touch” with the platform while cooperating with authorities in an investigation.

In an update, OKEx revealed it contacted some private key holders and pointed out that reports claiming the private key holder cooperating with police had been criminally charged are a “rumor.”

The exchange reiterated that users’ funds are safe and business operations are normal. The exchange said it will make “every effort to restore the withdrawal function as soon as possible.”

AAVE, BAND, LRC Are Moving in the Crypto Market

There are several tokens leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos who may have higher percentage changes.

Aave (AAVE) – The native token of Aave, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers, has moved up 18.6% in the last 24-hour period.

Band Protocol (BAND) – Band Protocol’s BANd token has moved up 10.9% in the last 24-hour period. Band Protocol connects smart contracts with trusted off-chain information, provided through community-curated data providers. It provides community-curated on-chain data feeds, backed by strong economic incentives that ensure the data stays accurate.

Loopring (LRC) – Loopring’s LRC token moved up 9.17% in the last 24 hours. Loopring is a multilateral token exchange protocol for decentralized exchanges on the Ethereum blockchain. It is intended to serve as a common building block with open standards.

LatinBet24 continues to shatter the industry with its leading best odds and live betting action

One of the world’s leading licensed and regulated Bitcoin sportsbook, backed by one of the top global financial firms, continues to improve its wide range of sporting events and casino games to bet on.

Jessica Vogel, Head of Public Relations for LatinBet24, said “with our institutional backing, and regulated high-tech platform, we offer the safest and most secure place to satisfy our customers’ bitcoin gaming and entertainment needs. From our sportsbook to our vast array of slots, to our live casinos, we offer something for everyone. We will also be offering a 100% bonus match for any new customers, up to 5 BTC.”

LatinBet offers a wide range of major and minor sports, including a full Bitcoin casino, live casino, and E-Sports, currently accepting BTC, ETH, BCH, and USDT.

About LatinBet24

Licenced and regulated by the Curacao Gaming Commission and backed by one of the leading Global Financial firms, LatinBet24 is a joint venture between CloubBet and All Blue Capital. CloudBet was initially established in 2013, and it is the world’s leading sportsbook and bitcoin casino platform with satisfied customers in over 100 countries.

LatinBet24 offers a full suite of gaming options, tailored for a worldwide audience with the best odds, superior customer support, fast withdrawals and the best technology in the marketplace.

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