FTX
LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt
Despite a second halt of the Terra blockchain by its validators, its luna (LUNA) token and TerraUSD (UST) algorithmic stablecoin remain available to trade on FTX and other crypto exchanges. “The Hash” team discusses the implications of crypto delisting and what this could reveal about the fate of Terra.
FTX CEO Sam Bankman-Fried Buys 7.6% Stake in Robinhood
According to an SEC filing, FTX CEO Sam Bankman-Fried bought 56 million Robinhood (HOOD) shares on May 2, representing a 7.6% stake in the popular trading app. HOOD rose more than 20% upon the news. "The Hash" hosts react, discussing what could be next. Is a Robinhood-FTX.US merger on the horizon?
FTX and Yellen Hearings on Capitol Hill: Top Takeaways
The House Committee on Agriculture hosted a hearing Thursday examining FTX’s proposal on clearing customers’ margin-backed swaps trades. Separately, Treasury Secretary Janet Yellen testified on the economy and the annual financial stability report before the House Financial Services Committee. CoinDesk’s Nikhilesh De discusses the key takeaways.
LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt
Transactions conducted during the blockchain halt are not considered to be final because they can’t be settled.
Derivatives' Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen
FTX CEO Bankman-Fried testified at a House hearing, defending his CFTC proposal to directly clear customers’ margin-backed derivatives.
Crypto in Focus on Capitol Hill
The House Financial Services Committee is holding a hearing on the Financial Stability Oversight Council with Janet Yellen. Separately, the House Agriculture Committee is expected to hold a hearing on the FTX disintermediation proposal. CoinDesk’s Nikhilesh De discusses what to expect. Plus, reactions to EU reportedly looking to ban large-scale stablecoins.
FTX US Reveals New York Trust Charter Application
A trust charter from the New York State Department of Financial Services enables digital asset companies to offer crypto trading and custody services in the Empire State.
Bankoff’s Crypto Wallets Nearly Empty After Virtual Debit Card Provider Folds
The Delaware-registered company said Visa and Stripe cut it off for serving too many Russians, but on-chain data has stoked users' suspicions.
US House Panel to Weigh FTX Proposal on Clearing Customers’ Swaps Trades
As the CFTC is still considering FTX.US' application, lawmakers will examine the potential trend at hearing.
