FTX debtors and UCC clash over asset control in restructuring
FTX strongly criticized the UCC’s pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries. Go to Source
Cryptocurrencies
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Hashing It Out podcast: What does the future hold for BNB Chain?
Arno Bauer, the senior solution architect at BNB Chain, denies the “Ethereum killer” tag in a discussion highlighting new BNB Chain updates. Go to Source
US bank reveals $170M in crypto holdings: Q2 earnings report
Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto. Go to Source
Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with. Go to Source
Maple Finance secures SEC exemption for on-chain Treasury Pools
Launched in April, the USDC Pools were previously accessible only to non-U.S. accredited investors. Go to Source
Another Fantom project winds down citing Multichain exposure
Over $1.5 billion of users’ and enterprises’ assets were held on Multichain prior to the arrest of its CEO Zhaojun He. Go to Source
Bitstamp to suspend trading of major altcoins for US users
All the soon-to-be suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance. Go to Source
Reddit community tokens soar on Kraken listing
The tokens are part of the Reddit Community Points initiative to create cryptocurrencies that would incentivize content creation. Go to Source
Coinbase begins $150M debt buyback at 36% discount
The cryptocurrency exchange’s 2031 Senior Notes, which have a coupon rate of 3.625%, have $1 billion in outstanding principal. Go to Source
Telegram crypto bots gain momentum in the market: Binance Research
Daily volumes of crypto trades on Telegram bots hit a record high of $10 million in July, according to a new report by Binance Research. Go to Source