FTX Recovery Trust unlocks $ 1.6 billion for creditors this month

The FTX Recovery Trust, the entity supervising the distribution of Crypto Exchange bankruptcy funds, announced a third distribution tranche for creditors, worth around 1.6 billion dollars. According to an announcement on Friday, the distribution is scheduled for September 30 and the creditors should receive funds in their accounts within three working days following the date … Read more

Dry, Gemini Trust Cover Agreement on the Loan Dispute

The American Securities and Exchange commission (SEC) and the Gemini Trust Company filed an update of status before the courts, making a federal court known that they had reached a “resolution in principle” to resolve a matter of securities resulting from a complaint in 2023. In a Monday file before the American district court in … Read more

The FNB Bitcoin and Ethereum see entries in the midst of increasing institutional trust

The FNB Spot Bitcoin and Ether see renewed entries while institutional appetite for exposure to cryptography continues to build. Friday, the ETF Spot Bitcoin (BTC) recorded $ 642.35 million in net entries, marking the fifth consecutive day of winnings, according to data from Sosovalue. This pushed the cumulative net entries to $ 56.83 billion, with … Read more