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The bankrupt stock exchange FTX must repay $2.2 billion to creditors this month

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FTX Recovery Trust announced Wednesday that it will distribute about $2.2 billion to creditors on March 31 as part of its ongoing bankruptcy recovery process, with additional payments to preferred stockholders planned later this year. The payout marks the fourth distribution under FTX’s Chapter 11 reorganization plan and will go to creditors in both “Convenience” […]

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Kalshi’s co-founder fights back against Arizona ‘overreach’ in what lawyer calls federal-state turf war

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Kalshi’s co-founder, Tarek Mansour, has called Arizona’s criminal case against the company a “total overreach” and comes across as an attack on a federally regulated exchange rather than standard gambling enforcement. Mansour said the charges have “nothing to do with gambling or the benefits” and argued that Arizona is trying to short-circuit a broader court

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Investors need to brace for higher interest rates after conflict in the Middle East jolts the oil market

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Since the Iran war began, the market narrative has been simple: the oil surge, inflationary impulse and broader market volatility will be temporary and die down when the conflict ends, allowing central banks to grease the economy and markets with easy money, as they have consistently done since 2008. But there is a counter-view that

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The Ethereum community debates the foundation’s new mandate document

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Network news ETHEREUM COMMUNITY DEBATES FOUNDATION’S NEW MANDATE DOCUMENT: The Ethereum Foundation’s new mandate — a comprehensive document released to clarify the organization’s role and principles — sparked a flurry of reactions, with supporters praising it as a long-overdue articulation of blockchain’s ethos and critics saying it reinforces the foundation’s hands-off approach at a time

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Payward, parent of crypto exchange Kraken, has put its IPO plans on hold

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Crypto exchange Kraken, which announced four months ago that it planned to go public, has put its plan on hold, according to two people with knowledge of the matter. The company is still considering an initial public offering, but probably not until market conditions improve, said the people, who spoke on condition of anonymity because

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Bank of Korea begins real-world testing of its CBDC with nine banks

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The Bank of Korea and nine commercial lenders began phase two of a digitally won pilot project, testing bank-issued deposit tokens backed by central bank infrastructure to determine whether the system can support government subsidy payments and consume transfers and payments nationwide. The second phase of Project Hangang adds two banks, Kyongnam Bank and iM

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Stripe-led payments blockchain Tempo goes live with AI agent protocol

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Tempo, the payments-focused blockchain developed by payments giant Stripe and crypto investment firm Paradigm, launched its mainnet on Wednesday, bringing its stablecoin payment system out of testing and into live use. The network is built to process a large number of transactions quickly and at low cost. It aims to make sending money with stablecoins

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Executive turnover overshadows crypto payments firm RedotPay’s $4 billion US IPO ambitions

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RedotPay, a Hong Kong-based stablecoin payments startup, faces internal strain and executive turnover as it seeks up to $150 million in fresh funding and works toward a U.S. IPO that could value the company at more than $4 billion. These ambitions are clouded by the management’s turnover. With at least five senior hires to go

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Powell’s comments on oil, inflation may provide BTC price guidance: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Bitcoin BTC$74,191.24 and the broader crypto market is taking a breather ahead of today’s Federal Reserve interest rate decision, which may confirm that the interest rate backdrop is becoming less of a tailwind. The central bank is widely expected to keep benchmark borrowing costs unchanged in

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