FTX Gets Court Approval to Sell $744M Worth of Grayscale, Bitwise Trust Assets
FTX held shares of five Grayscale Trusts totaling $691 million and one Bitwise trust, amounting to $53 million as of Oct. 25, according to an earlier court filing.
Financial
Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’
The changes involve the fee structure, and how assets can be custodied for smoother share creation and redemptions.
U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas
A top official has asked members of Congress for new laws to extend the Treasury’s crypto reach beyond its existing enforcement and sanctions abilities.
Binance Will Cease Support for Its BUSD Stablecoin on Dec. 15
The exchange announced earlier this year that it would “gradually” end support for the stablecoin.
IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi
The IOTA Ecosystem DLT Foundation claims to be the first foundation to be registered under the emirate’s regulatory framework for blockchain foundations, the press release said.
Jack Dorsey Aims to Create Anti-Censorship Bitcoin Mining Pool With New Startup
The company said has it created “only non-custodial” mining pool where miners get the new bitcoin block reward directly from the network.
Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com
Blockchain.com President Lane Kassleman said in an interview that his firm’s SoFi partnership equates to hundreds of thousands of users and hundreds of millions of dollars.
Bitcoin Buyer Quietly Accumulates $424M of BTC in Three Weeks
The unknown entity acquired 875 bitcoin on Wednesday alone, prompting online speculation over who the buyer might be.
2024 Will Be the Year Tokenization Truly (Finally) Begins
After several years of being the next-big-thing, next year will be when tokenization of real-world assets really takes off, says Colin Butler, Küresel Head of Institutional Capital at Polygon Companies.
Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.