Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from its...
Original source
Read on Bitcoin NewsRelated market context
Strategy bought $100 million more Bitcoin but critics say MSTR shareholders now own less of it
Strategy (formerly MicroStrategy) added another $100 million of Bitcoin to its balance sheet last week, extending a buying campaig...
Most of Ripple’s own stablecoin lives on Ethereum
The majority of the Ripple USD stablecoin is on Ethereum, the top competitor to Ripple’s XRP Ledger. Indeed, $879 million of the r...
Bitcoin jumps as Trump’s Iran deal reopens Hormuz – but will Warsh’s first Fed meeting kill the rally?
Bitcoin climbed back above $65,000 earlier today, reversing weeks of intense selling pressure after a sudden diplomatic breakthrou...
HYPE ETFs quietly pulled $161M in one month as Wall Street buys crypto’s on-chain exchange bet
One month after THYP launched on Nasdaq, the three US-traded spot HYPE ETFs have pulled in $161 million in net inflows. June 5 was...
SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Na...
US Government Accountability Office urges FDIC to improve crypto oversight coordination
Lack of coordinated crypto oversight among US regulators risks inconsistent enforcement, complicating compliance for financial ins...