FTX’s bankruptcy has resulted in $950 million in legal and advisory fees, making it one of the most expensive corporate collapses. Despite the costs, most creditors are expected to recover 118% of claims.
The post FTX Bankruptcy Costliest Ever, Nears $1 Billion in Fees: Bloomberg appeared first on Cryptonews. …
Category: Cryptocurrencies
Bybit Hackers Laundered $335M Worth ETH, One-Third of Total Stolen Funds: Report
Bybit hackers have so far laundered a total of 135,000 ETH, valued at $335 million, which is close to one-third.
The post Bybit Hackers Laundered $335M Worth ETH, One-Third of Total Stolen Funds: Report appeared first on Cryptonews. …
Strive Asset Management CEO Urges GameStop to Invest in Bitcoin
GameStop has confirmed receipt of a letter from Strive Asset Management, urging the gaming retailer to use its substantial cash reserves to invest in Bitcoin.
The post Strive Asset Management CEO Urges GameStop to Invest in Bitcoin appeared first on Cryptonews. …
Grayscale Applies to SEC for Polkadot ETF on Nasdaq
This marks the second Polkadot ETF filing this year, following 21Shares’ earlier application.
The post Grayscale Applies to SEC for Polkadot ETF on Nasdaq appeared first on Cryptonews. …
Bitcoin on the Edge: Dips to $88K Amid Global Market Jitters
Bitcoin plunges to $87K amid global trade tensions, a $1.5B Bybit security breach, and market-wide risk aversion. Traders eye dip-buying opportunities, but bearish technical signals loom. Read the full analysis!
The post Bitcoin on the Edge: Dips to $88K Amid Global Market Jitters appeared first on Cryptonews. …
Commissioner Christy Goldsmith Romero to Resign from CFTC Upon Trump’s Successor Appointment
Christy Goldsmith Romero, a commissioner at the CFTC, announced she will step down from her role once Brian Quintenz is confirmed as her successor.
The post Commissioner Christy Goldsmith Romero to Resign from CFTC Upon Trump’s Successor Appointment appeared first on Cryptonews. …
Oklahoma Moves Closer to Bitcoin Adoption with Strategic Reserve Bill Approval
Oklahoma advances toward Bitcoin adoption with the Strategic Bitcoin Reserve Act, allowing up to 10% of public funds to be invested in Bitcoin or similar digital assets, pending legislative approval.
The post Oklahoma Moves Closer to Bitcoin Adoption with Strategic Reserve Bill Approval appeared first on Cryptonews. …
U.S. Spot Bitcoin ETFs See Record $1B Daily Outflows as 10 of 12 Funds Report Withdrawals
Spot Bitcoin ETFs in the United States experienced their largest-ever daily net outflows on Tuesday, with total withdrawals reaching $1.01 billion
The post U.S. Spot Bitcoin ETFs See Record $1B Daily Outflows as 10 of 12 Funds Report Withdrawals appeared first on Cryptonews. …
Circle CEO Jeremy Allaire Calls for Mandatory US Registration of Stablecoin Issuers
Circle CEO Jeremy Allaire advocates for mandatory U.S. registration of dollar-backed stablecoin issuers, emphasizing consumer protection and financial integrity amidst growing regulatory scrutiny.
The post Circle CEO Jeremy Allaire Calls for Mandatory US Registration of Stablecoin Issuers appeared first on Cryptonews. …
‘Decentralized BlackRock’: Reserve Launches DeFi ETFs with Bloomberg Indices, CoinDesk Indices, and 10 Others
Reserve launches new index protocol with 12 partners including Bloomberg Indices, CoinDesk Indices, and MarketVector Indexes, providing investors with “decentralized ETF-like” access to crypto.
The post ‘Decentralized BlackRock’: Reserve Launches DeFi ETFs with Bloomberg Indices, CoinDesk Indices, and 10 Others appeared first on Cryptonews. …