It was another busy week at CoinDesk as the new Trump Administration continued to roll out a pro-crypto agenda and the industry laid the groundwork for growth in the new cycle. Ripple was at the center of the news. Ondo Finance announced it would off

Update (01.31.25 at 19:45:03 UTC) This article has been updated to change the adjusted EBITDA figure to $380 million as opposed to $330 millionKraken, a centralized crypto exchange, released its 2024 financials showing $1.5 billion in revenue for the

LayerZero Labs has reached a settlement agreement with the FTX bankruptcy estate after two years of legal dispute, the company’s co-founder and CEO Bryan Pellegrino said today on social media platform X.“Ultimately we decided this was not us vs FTX w

Solana-based decentralized exchange Mango Markets will wind down its operations on Monday in the wake of an SEC settlement that required Mango's governance DAO and development organization to destroy their MNGO tokens and delist them from all exchang

The FTX bankruptcy estate has disputed the recently announced sale of FTX EU to Backpack, the cryptocurrency exchange and wallet firm founded by former FTX and Alameda employees.The FTX estate said Backpack “has no involvement whatsoever in the U.S.

Backpack Exchange responded to FTX's claims hours after the bankrupt exchange called the acquisition of its Cyprus entity unauthorised. The latest press release from Backpack emphasised that it has already purchased FTX EU from former insiders, with

Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU.Although Backpack currently ranks only 200th in CoinMa

FTX EU — the European arm of the crypto exchange that infamously collapsed in late 2022 — has been acquired by Backpack Exchange following approval by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission.Backpack Exchange will t

Prosecutors with the United States government overseeing Do Kwon’s criminal case have estimated that the Terraform Labs’ co-founder could potentially have more than one million victims across the world after the collapse of the ecosystem.In a Jan. 6

Data researcher Ben Lilly says the crypto market may face significant turbulence this year, particularly for Solana . He predicts a “Grayscale Effect” that could put pressure on SOL prices.The term refers to the potential impact of scheduled share un

Update (Jan. 3, 2:20 am UTC): This article has been updated to reflect that Stuart Hoegner’s retirement is a separate event from the implementation of MiCA and added additional related news relating to Tether. Stuart Hoegner, General Counsel of Tethe

Cryptocurrency exchange Binance has racked up over $24 billion in inflows from user deposits in 2024, according to data from DefiLlama.In a blog where Binance said its inflows were higher than 10 exchanges combined, Binance said the “growth aligns wi

Gemini co-founder and CEO Cameron Winklevoss is calling for a probe into the drop of a controversial charge involving FTX co-founder Sam Bankman-Fried (SBF). It has been 8 months since Judge Lewis Kaplan sentenced SBF to 25 years in jail. However, to

Bankrupt cryptocurrency exchange FTX has announced plans to begin distributing payments to creditors and customers in early 2025. read more

The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says payments to FTX creditors and customers will begin early next year amid anticipation that the company’s co

The long-awaited FTX bankruptcy plan now have a specific date for creditors to expect payment. As the defunct exchange revealed in a recent press release, the official reorganization plan will commence in January 2025. FTX said it is completing the f

FTX to commence creditor distributions by early 2025 following court-approved reorganization, with arrangements completing this December. The post FTX set to begin creditor distributions in early 2025 appeared first on Crypto Briefing.

O'Neal, who is also part of a massive consolidated case against celebrity "brand ambassadors" for FTX, attempted to dismiss the case.

FTX co-founder Gary Wang, convicted of misusing funds at a fictitious crypto exchange, may face punishment after his case goes to trial. On Nov. 13, prosecutors in the U.S. District Court for the Southern District of New York filed a…

The estate of bankrupt crypto exchange FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, for alleged fraudulent transfers and starting a campaign to “destroy” its competitor. The $1.8 billion legal action follows another 23 laws