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Recap
Today’s edition of the weekly recap covers Ethereum’s successful Pectra activation, Binance, Coinbase, stablecoin legislation and Doodles’ ecosystem expansion. CZ begins Trump pardon application process Coinbase buys Deribit, Armstrong says ‘no’ to Saylor’s strategy Ethereum revamp GENIUS Act rejected Steak…
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The Emmy-winning Ozark star Julia Garner is reportedly set to headline Netflix’s dramatization of the FTX saga as Caroline Ellison. Julia Garner is reportedly in talks to play Caroline Ellison, a former top executive in Sam Bankman-Fried‘s fallen crypto empire,…
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Tower Research Capital, one of three “VIP” clients named in the 2023 lawsuit against Binance by the U.S. Commodity Futures Trading Commission, is ramping up its crypto market-making efforts. Tower Research Capital, one of three “VIP” clients named in the…
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Bitcoin
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FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the FTX estate. The action was announced in…
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Shaquille O’Neal has reached a proposed settlement with investors who sued him for promoting the now-bankrupt cryptocurrency exchange FTX. The terms remain confidential until a motion for preliminary approval is filed by the plaintiffs. The class-action lawsuit, filed in November…
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Co-founder and former CEO of FTX, Sam Bankman-Fried has reportedly been transferred to a low-security prison in California after doing time in a notoriously violent facility dubbed ‘Victimville.’ According to the Federal Bureau of Prisons’ inmate registry, Bankman-Fried has recently…
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Abu Dhabi’s financial regulator has fined crypto firm Hayvn and its CEO more than $12 million for AML breaches and unlicensed activity. The Financial Services Regulatory Authority of Abu Dhabi Global Market has taken enforcement action against Hayvn Group and…
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An expert from Oak Security has explained what went wrong with the JELLY token exploit, which cost the Hyperliquid exchange $10.63 million. Reactions are still mounting from an exploit that cost Hyperliquid (HYPE) exchange’s users $10.63 million in losses. The…
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Backpack, a crypto exchange founded by former FTX executives, has initiated the fund claim process for FTX’s EU customers as part of the ongoing global efforts to distribute FTX bankruptcy recovery funds. On April 1, Backpack announced the launch of…
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Interest in cryptocurrencies shows no signs of slowing down in Hong Kong as 25% of adults planning to invest, a new survey finds. A November 2024 survey by the Hong Kong University of Science and Technology found that a quarter…
BTC
Bitcoin
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Hyperliquid’s handling of the JELLY token incident has drawn sharp criticism from Gracy Chen, the chief executive officer of Bitget. After Hyperliquid (HYPE) removed JELLY amid an estimated $10.6 million loss and a looming liquidation threat to its treasury, Chen…
HYPE
Hyperliquid
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The potential rollback of the SEC’s custody rule could significantly reshape the digital asset landscape, according to Manthan Dave, co-founder of Palisade, a digital asset custodian backed by Ripple. Dave argues in a note sent to crypto.news that reversing the…
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A U.S. bankruptcy court has allowed the liquidators of the defunct crypto hedge fund Three Arrows Capital to substantially increase its claim against the collapsed crypto exchange FTX from $120 million to $1.53 billion. In a March 13 ruling by…
BTC
Bitcoin
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In a recent interview from prison with Tucker Carlson, Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, shared his perspectives on the current state and future of the cryptocurrency industry. The conversation covered a broad range of…
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Kraken confirmed it will begin the next round of FTX payouts on May 30, covering claims both below and above $50,000. According to FTX creditor representative Sunil’s recent post on X, Kraken has begun sending emails to FTX users, confirming…
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Solana has rebounded to $143 after a recent 28% crash, recovering 4% in the past day but could face pressure as FTX continues depositing SOL to Binance. The decline came after a wave of profit-taking, following initial optimism around President…
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