FTX’s bankruptcy estate is set to release $1.6 billion of funds to creditors at the end of the month, marking the third major payout following the crypto exchange’s implosion nearly three years ago. The FTX Recovery Trust, which oversees the bankruptcy process, announced on Friday that payments will begin on September 30 for creditors who […]
HBAR faced steady downward pressure over the past 23 hours, sliding from $0.25 to $0.24—a 3.38% decline. The token initially attempted to build momentum on September 18, reaching $0.25 by 20:00, but sellers quickly overwhelmed demand near that resistance level. Trading activity spiked at 19:00 with volumes topping 55.91 million, underscoring the intensity of selling. […]
Stellar’s XLM token slipped below key support in a bout of institutional selling, signaling broader market weakness. Between Sept. 18 at 15:00 and Sept. 19 at 14:00, XLM fell 3.58% from $0.40 to $0.39, with volumes surpassing the 24-hour average of 22.33 million tokens. Analysts pointed to concentrated selling during overnight sessions — traditionally dominated […]
The U.S. Securities and Exchange Commission (SEC) has cleared a path for a flood of new crypto exchange-traded products to hit the market, a move analysts say could reshape how money flows into digital assets. On Wednesday, the agency approved generic listing standards for “commodity-based trust shares” across regulated exchanges Nasdaq, Cboe BZX and NYSE […]
Markets take the escalator up and elevator down goes an old Wall Street shibboleth, and crypto is following that script this week, with several days of hard-earned gains more than wiped away in Friday trade. Nearly pushing through the $118,000 level at one point on Thursday after the Federal Reserve one day earlier trimmed interest […]
Grvt (pronounced “gravity”), a decentralized exchange (DEX) focused on privacy in on-chain finance, has raised $19 million in Series A funding. The round was co-led by ZKsync, its foundational technology partner, along with Further Ventures, EigenCloud (formerly EigenLayer) and 500 Global, the company announced via email on Thursday. Built on the ZKsync Validium L2, Grvt […]
ARK Invest made an immediate splash on the latest publicly listed digital asset treasury company, buying just under $162 million worth of shares in Brera Holdings (BREA). The Nasdaq-listed sports club owner rebranded as Solmate as part of plans to build a digital asset treasury based on Solana’s sol (SOL) token, raising $300 million from […]
Online trading platform IG Group has acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for 109.6 million Australian dollars ($72.4 million). The deal, the company said, aims to strengthen IG’s position in Asia-Pacific’s fast-growing crypto markets and complements its recent crypto rollouts in the U.K. and U.S. Independent Reserve is one of Australia’s […]
After seven months of inactivity, Michigan’s Bitcoin Reserve Bill, HB 4087, made progress Thursday by advancing to the second reading in the state House of Representatives. The bill, introduced in February, aims to establish a strategic bitcoin (BTC) reserve by authorizing the state treasury to invest up to 10% of its reserves in the largest […]
Bitcoin (BTC) traders continue to eye downside volatility, hedging their bullish exposure despite recent positive signals, such as the Federal Reserve’s rate cut, crypto derivatives exchange Deribit’s CEO Luuk Strijers told CoinDesk. Earlier this week, the U.S. Fed cut interest rates by 25 basis points and signaled an additional 50 basis points of easing expected […]
Australia’s Securities and Investments Commission (ASIC) said it plans to exempt stablecoin intermediaries from the requirement to hold a financial services license. The financial watchdog said it granted class relief for parties engaging in the distribution of a stablecoin from an existing licensed issuer in an announcement on Thursday. The exemption means the intermediaries do […]
Spot bitcoin (BTC) ETFs saw their first daily outflows in over a week on Wednesday, shedding a net $51.28 million, as investors reacted to the Federal Reserve’s unexpectedly cautious outlook on future policy. The outflow broke a seven-day streak that had brought in nearly $3 billion. Assets under management remain above $150 billion, according to […]