FTX starts $5B payouts — Here’s what you need to know
FTX Recovery Trust begins $5B creditor payouts, with varying distribution percentages for different claim types. Payments could impact crypto markets if recipients sell assets. Some creditors criticize reimbursement values.
REX pushes ETH and SOL staking ETFs via rare C-Corp as SEC softens stance
REX Shares filed to list ETH and SOL staking ETFs using a rare C-Corp structure, bypassing SEC 19b-4 reviews. The SEC recently clarified staking isn’t a securities transaction, easing regulatory concerns.
Breaking: RexShares Files Prospectus To List Solana and Ethereum Staking ETFs
RexShares files prospectus for Solana and Ethereum staking ETFs, using a unique 40-Act fund structure. The products may launch soon following SEC’s stance that staking isn’t securities.
SEC Endorses Crypto Staking as Non-Security Activity in Landmark Guidance
The SEC declared crypto staking on PoS networks as non-securities activity, eliminating registration requirements. It clarified staking arrangements and applied the Howey test, concluding staking lacks investment contract criteria. Industry leaders welcomed the clarity.
FTX Repayments May Have Positive Market Impact This Time: Coinbase Analysts
FTX creditors to receive $5B in repayments via stablecoins, potentially boosting crypto markets amid improved sentiment and regulatory clarity, per Coinbase analysts.
Michael Saylor Says Bank of England On the Brink Of Buying Bitcoin
Michael Saylor predicts the Bank of England may soon buy Bitcoin, citing Reform UK’s crypto policies and global institutional interest in digital assets as key drivers.
FBI Seeks Victims Connected to FUNNULL Pig Butchering Crypto Investment Scam – The Daily Hodl
The FBI seeks victims of the FUNNULL pig butchering crypto scam, where fraudsters trick investors into fake websites. FUNNULL, a Philippines-based firm, sold data enabling these scams, causing $200M in losses.
CRO ETF? Canary Capital Files for US Cronos Fund as Altcoin Interest Intensifies – Decrypt
Canary Capital filed for a Cronos (CRO) ETF with the SEC, joining a wave of altcoin-based fund proposals following the success of Bitcoin ETFs. CRO is Crypto.com’s token, currently ranked 44th by market cap.
21Shares Files Amended S-1 For Dogecoin ETF Bid | Bitcoinist.com
21Shares has amended its Dogecoin ETF application, signaling ongoing SEC communication. Analysts suggest a potential approval this year, with Polymarket data showing a 69% chance by December 31.
Roman Storm News: DOJ Will Not Have to Review Records
Judge declined to order DOJ to review records for Tornado Cash developer Roman Storm’s case, ruling no Brady violations in FinCEN conversations. Trial proceeds with no licensing arguments.
