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AI Boost

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Finance

Bankrupt Exchange FTX Set to Repay $1.6B to Creditors Starting on Sept. 30

The latest round of redistributions marks another step in the bankruptcy estate’s plan to make creditors whole after the 2022 collapse of Sam Bankman-Fried's exchange.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Markets

Bank of Japan's Historic ETF Unwind Sparks Market Sell-Off, Dip in Crypto

Threatening the $118,000 level hours earlier, bitcoin slipped back to the $116,000 area.

Close up of the red circle at the center of the Japanese flag. (DavidRockDesign/Pixabay)

Markets

Valour Debuts Bitcoin Staking ETP on London Stock Exchange in Move Outside Mainland Europe

Valour, a DeFi Technologies subsidiary, introduced a bitcoin staking ETP to the LSE. It is restricted to professional investors and offers a 1.4% annual yield.

Bitcoin Logo

Markets

U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan

Without significant expansion, the new wave of stablecoin launches may simply redistribute market share rather than grow the pie, said the bank.

The chart shows combined market value of top two stablecoins, USDT and USDC. (TradingView/CoinDesk)

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Finance

Grvt Raises $19M to Bring Privacy and Scale to On-Chain Finance

ZKsync, Further Ventures, EigenCloud and 500 Global back privacy-driven DEX in push toward trillion-dollar on-chain finance

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Policy

Michigan's Stalled Bitcoin Reserve Bill Advances After 7 Months

The bill proposes allowing the state treasury to invest up to 10% of its reserves in bitcoin and potentially other cryptocurrencies.

Michigan

Markets

XRP and DOGE ETFs Smash Records With $54.7M Combined Day-One Volume

The impressive first day debut highlights growing investor appetite for alternative investment vehicles tied to altcoins.

XRP millionaire wallets rise. (geralt/Pixabay)

Markets

Ex-Kraken CLO Says Solana Delivers on Promises Ethereum 'Made Almost a Decade Ago’

Marco Santori outlines a UAE Solana treasury with bare-metal validators; Rekt Capital flags a $238 retest as support and KALEO says $1,000+ sol is plausible.

Solana (SOL) Logo

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Finance

PayPal's $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integration

The interoperability protocol is introducing a permissionless version of the token to Aptos, Avalanche, Tron and several other chains.

PayPal logo on iphone screen (Marques Thomas/Unsplash)

Markets

Are Pure Play Bitcoin Miners Going to Reprice Like AI/HPC Miners?

MARA and CLSK rally as bitcoin nears $118,000 and sector momentum builds.

Mining rig. (Shutterstock)