Bankrupt cryptocurrency exchange FTX is facing fresh scrutiny from users fighting for at least $2.2 billion worth of disputed claims still pending approval, with numerous creditors continuing to struggle to get their repayments approved. The FTX Recovery Trust started its second round of payments on May 30, repaying over $5 billion worth of digital assets…
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Crypto exchange MEXC has rolled out a $100 million user protection fund aimed at shielding its users from major platform breaches, technical failures or other serious security threats. The fund is structured to compensate users in the event of major security incidents, including breaches of the platform’s infrastructure, critical system vulnerabilities or large-scale targeted hacks,…
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Ukrainian lawmakers have registered a draft bill on a cryptocurrency reserve in the Parliament, officially allowing the National Bank to include crypto in the country’s state reserves. Submitted to Ukraine’s Verkhovna Rada on June 10, the bill number 13356 represents a set of amendments to the law “On the National Bank of Ukraine” regarding the…
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Republican Representative William Timmons has asked US Securities and Exchange Commission chair Paul Atkins to turn over documents on the agency’s historical treatment of Ether under its Biden-era chair, Gary Gensler. Timmons asked Atkins in a letter on Tuesday for “specific documents” on the SEC’s “historical views on the status” of Ether (ETH), which he…
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Bullish, the digital asset exchange backed by billionaire investor Peter Thiel, has filed confidential paperwork with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO), according to sources cited by the Financial Times. American investment bank Jefferies has been tapped as the lead underwriter for the offering, per the report. Bullish…
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The market’s expectation of Bitcoin surging to new highs could prevent it from happening in the near term, but that doesn’t rule out the possibility of Ether surprising investors, analysts say. Santiment analyst Brian Quinlivan told Cointelegraph on Wednesday that the analytics firm is “seeing an anticipation for Bitcoin’s next ‘all-time high’ across social media.…
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The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote. House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote after…
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The US Securities and Exchange Commission could start to approve some crypto-tied exchange-traded funds as soon as next month, kicking off an “altcoin ETF summer,” analysts say. Bloomberg senior ETF analyst Eric Balchunas posted to X on Tuesday a note from fellow analyst James Seyffart that said, “ETFs that track broad crypto indexes may be…
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The US Consumer Financial Protection Bureau’s top enforcement official has reportedly resigned, accusing the Trump administration of undermining the agency’s mission in a fierce farewell email. The agency’s acting enforcement director, Cara Petersen, said in the email seen by Reuters on Tuesday that the Trump administration’s overhaul of the CFPB — including attempts to cut…
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Strategy’s Michael Saylor has rebuffed fears that a crypto market winter will return, suggesting Bitcoin’s increased adoption and constrained daily supply will see it rally to $1 million. “Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.” Billion-dollar asset…
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