Notable news in the last 24 hours (20/09) BTC: 27,171 USD | ETH: 1,639 USD| Total market cap: 1,055 billion USD 1️⃣ Citigroup promotes the development of crypto services. Citigroup recently launched Citi Token Services, a private blockchain that provides cross-border payments, liquidity, and automated trade finance solutions to institutional customers. The service will integrate tokenized deposits and smart contracts into Citi's global network. 2️⃣ Former Coinbase employee Sino Capital opens $60 million Web3 fund. Former employees from well-known companies in the cryptocurrency and fintech sectors are forming a new $60 million fund called Oak Grove Ventures, which focuses on investing in the intersection of Web3, artificial intelligence, and biotech. The Oak Grove Ventures team includes some notable figures including Sally Wang, formerly a member of Sino Global Capital (now Ryze Labs), Ethan Wang, who served as Libra's chief technology officer, Shawn Shi, co-founder of Alchemy Pay, as well as Michael Li, former vice president of Coinbase. 3️⃣ Ant Group divested $100 million of crypto investment. According to a report from Bloomberg, Ant Group Co. has decided to withdraw its investment capital worth $ 100 million from A&T Capital. The move comes months after Yu Jun, one of A&T's founding partners, stepped down as the company's CEO following a sex scandal. Yu Jun once played a key role in founding A&T, a technology finance company backed by Jack Ma, to invest in cryptocurrency projects in foreign countries. 4️⃣ FTX sues Sam Bankman-Fried's parents. Crypto exchange FTX has sued Joseph Bankman and Barbara Fried, parents of founder Sam Bankman-Fried, seeking back millions of dollars fraudulently transferred and embezzled. According to a court document filed on Monday, FTX and Alameda Research debtors filed a claim for damages due to fraudulent transfers, breach of duty of loyalty and other wrongdoing. #FOMC #FTX #News #CryptoNews #BTC #Eth #cryptocurrencies #CryptoX