Category: Crypto

FTX’s bankruptcy has resulted in $950 million in legal and advisory fees, making it one of the most expensive corporate collapses. Despite the costs, most creditors are expected to recover 118% of claims.
The post FTX Bankruptcy Costliest Ever, Nears $1 Billion in Fees: Bloomberg appeared first on Cryptonews. …

Ark Invest purchased 41,032 shares of Coinbase (COIN) worth approximately $8.7 million for its Next Generation Internet ETF (ARKW) on Tuesday.
The post Ark Invest Buys $8.7M in Coinbase Shares, Sells $8.6M of Its Bitcoin ETF Amid Crypto Sell-Off appeared first on Cryptonews. …

South Africa’s decentralized finance market is expected to hit $180M by 2028, with payments and lending leading adoption. Regulators assess oversight options to balance financial inclusion with security risks.
 
The post South African DeFi Market Projected to Reach $180 Million by 2028: Report appeared first on Cryptonews. …

Following a two-day search of over 60 locations in India’s major cities, the police seized $2.75 million worth of crypto in connection to the GainBitcoin scam.
The post India Seizes $2.75M in Crypto, Launches Nationwide Raids in $760M GainBitcoin Investigation appeared first on Cryptonews. …

Bybit’s forensic report reveals that a $1.5 billion hack was facilitated by a vulnerability in Safe{Wallet}’s infrastructure, involving malicious JavaScript code that compromised its Ethereum multisignature cold wallet.
The post Bybit Releases Forensic Report Linking $1.5B Hack to Safe Wallet Compromise appeared first on Cryptonews. …

Hyperliquid has fallen by 15% in the past week, but whale accumulation today suggests that it may make a very big rebound soon.
The post Hyperliquid Falls 9% – Smart Money Loading Up or More Pain Ahead? appeared first on Cryptonews. …

Oklahoma advances toward Bitcoin adoption with the Strategic Bitcoin Reserve Act, allowing up to 10% of public funds to be invested in Bitcoin or similar digital assets, pending legislative approval.
The post Oklahoma Moves Closer to Bitcoin Adoption with Strategic Reserve Bill Approval appeared first on Cryptonews. …

Spot Bitcoin ETFs in the United States experienced their largest-ever daily net outflows on Tuesday, with total withdrawals reaching $1.01 billion
The post U.S. Spot Bitcoin ETFs See Record $1B Daily Outflows as 10 of 12 Funds Report Withdrawals appeared first on Cryptonews. …

Circle CEO Jeremy Allaire advocates for mandatory U.S. registration of dollar-backed stablecoin issuers, emphasizing consumer protection and financial integrity amidst growing regulatory scrutiny.
The post Circle CEO Jeremy Allaire Calls for Mandatory US Registration of Stablecoin Issuers appeared first on Cryptonews. …

Reserve launches new index protocol with 12 partners including Bloomberg Indices, CoinDesk Indices, and MarketVector Indexes, providing investors with “decentralized ETF-like” access to crypto.
The post ‘Decentralized BlackRock’: Reserve Launches DeFi ETFs with Bloomberg Indices, CoinDesk Indices appeared first on Cryptonews. …