3AC wins court approval to expand FTX bankruptcy claim from $120 million to $1.5 billion

Key Takeaways 3AC’s liquidators increased their bankruptcy claim against FTX to $1.53 billion. The court approved the expanded claim involving breach of contract and unjust enrichment. Share this article Three Arrows Capital’s (3AC) liquidators won approval to increase their bankruptcy claim against FTX from $120 million to $1.5 billion, according to a court filing shared…

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Association seeks to overturn Arkansas law aimed at foreign crypto miners

The Arkansas Cryptomining Association is suing two Arkansas state officials, arguing that they enforced an unconstitutional and discriminatory state rule prohibiting foreign-born American citizens from engaging in crypto-mining activities, among other things. The complaint was made against Arkansas Attorney General Tim Griffin and the director of the Arkansas Oil and Gas Commission, Lawrence Bengal, on…

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Bitcoin Price Steadies—Is a Meaningful Bounce on the Horizon?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin…

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Senate Banking Committee advances GENIUS stablecoin bill

The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote. None of the amendments proposed by Senator Elizabeth Warren made it into the bill, including her proposal to limit stablecoin issuance to banking institutions. “Without changes, this bill will supercharge the…

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Trump family in talks to acquire stake in Binance.US

Key Takeaways The Trump family is in talks to invest in Binance.US, with potential stakes through their venture World Liberty Financial. Changpeng Zhao seeks a pardon to aid Binance’s US market return, following his previous imprisonment and fines for violations. Share this article President Trump’s family is negotiating a stake in Binance.US, a move that…

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