FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyro...
The FTX Recovery Trust is gearing up for its third distribution to creditors affected by the exchange’s significant collapse, with payments set to commence on September 30, 2025. FTX Trust Confirms Payments To Eligible Creditors According to the official statement, this distribution will be available to holders of allowed claims categorized under the Plan’s Convenience and Non-Convenience Classes who have completed the necessary pre-distribution requirements. Eligible creditors can expect to receive their funds through their chosen distribution service provider—either Bitgo,....
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Grayscale is on track to control 5% of the entire Bitcoin circulating supply by the end of 2021 with a record $215 million inflow last week. Grayscale’s Bitcoin (BTC) Trust is on track to reach 500,000 BTC by the end of 2020. Last week, Grayscale saw a record inflow of $215 million (15,907 BTC) that surpassed all previous investments into the Trust. The firm now holds $6.7 billion (481,711 BTC) as of the time of writing.Should the firm continue last month’s growth-rate of 32,000 BTC, Grayscale in on track to hold 500,000 BTC (2.7% of circulating supply) within three weeks. By the end of....
Reports have disclosed that the FTX Recovery Trust is preparing to release another $1.6 billion to its creditors by September 30. The payout marks the third distribution since the exchange collapsed in late 2022, and payments are expected to reach verified claimants within three business days once they are processed through BitGo, Kraken, or Payoneer. […]
Despite a slight recovery, DeFi TLV has lost $250 billion this year. DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar. The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram's support of its NFTs and the game Solitaire Blitz. On the other hand, Solana UAW shrank by 53% in August from the previous month, while transactions dropped by 68%, the findings showed.There were 1.67 million unique wallets connected....
In mining we trust. On the side of the US $1 bill it says "In God, we trust". Because money is all about trust. Trust that it's real, trust that it will remain at a similar value for the duration of the transaction at least, trust that the products are represented honestly. In the past trust that the paper was redeemable in gold, and more recently trust that our dollar will be backed by the "full faith and credit of the US Government". And when that trust is lacking society shuts down. To some extent, the crisis of 2008, in the same manner as the one in 1929 was about the lack of trust.....
Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company’s 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly “diversifying their exposure beyond digital assets like bitcoin and ethereum.”
Grayscale Adds Solana to Its List of Investment Products
Grayscale Investments, the world’s largest digital currency asset manager, announced Tuesday the launch of Grayscale Solana Trust.....