Business
In response to U.S. Trustee’s objections, FTX’s debtors revise their settlement proposal, lowering the maximum claim value in the ongoing bankruptcy case.
FTX cofounder Sam Bankman-Fried petitions for weekday release from detention to collaborate with his legal team.
Regulation
The U.S. Securities and Exchange Commission’s request to appeal a ruling on Ripple’s XRP token could set a precedent for the classification of cryptocurrencies.
NFTs
As NFT platforms vie for dominance and the industry matures, once-established norms are being challenged and redefined.
Ethereum
The anticipated approval of Ethereum futures ETFs by the SEC would mark a significant development in the crypto market.
Judge Analisa Torres granted the SEC’s request to file a motion for leave to file an appeal in the Ripple case, marking a significant turn in the legal battle.
Genesis agrees to pay $175 million to FTX, aiming to smooth the path to bankruptcy confirmation and eliminate risks of prolonged litigation.
Dubai’s VARA fines OPNX, founded by former 3AC leaders Kyle Davies and Su Zhu for marketing violations.
DeFi
Shibarium’s launch faces immediate challenges with pending transactions and locked funds, raising questions about the network’s immediate future.
The government argued that Ellison’s personal notes are not inadmissible hearsay because they were ways to keep track of issues that could implicate the conspiracy’s success.
