News & Research

FTX Trading and the FTX Recovery Trust have announced the start of a third distribution of approximately $1.6 billion, beginning Sept. 30. Creditors can receive their funds through BitGo, Kraken, and Payoneer. Following this distribution, most major customer groups will have recovered between 80% and 95% of their claims.

X, formerly known as Twitter, announced it has taken disciplinary action against employees who accepted bribes to reinstate suspended cryptocurrency-related accounts.

Valour, a subsidiary of crypto ETP issuer DeFi Technologies, has launched a Bitcoin staking ETP (1VBS) on the London Stock Exchange (LSE), CoinDesk reported. The product is available only to professional investors and offers a 1.4% annual yield.

The three major U.S. stock indexes opened higher. The S&P 500 is up 0.32%, the Nasdaq Composite has gained 0.94%, and the Dow Jones Industrial Average has risen 0.29%.

ZOOZ Power (Nasdaq: ZOOZ), an electric vehicle charging infrastructure company, announced that it has approved a $180 million private placement and a Bitcoin investment strategy at a special shareholders' meeting. The company plans to use approximately 95% of the funds raised from the placement to purchase BTC. The approval follows a plan to raise the $180 million that ZOOZ Power first announced in late July.

Binance Wallet launched its first BuildKey Token Generation Event (TGE) project, RIVER, on Sept. 19. During a two-hour window, 33,400 participants deposited a total of over $100 million in BNB, with a maximum deposit of 3 BNB per user. The event recorded an oversubscription rate of 99,329.94%. The BuildKeys, which serve as credentials representing a participant's token allocation, were distributed to depositors and became immediately tradable on the Aspecta pre-market platform. The price of the BuildKey started at $0.011 and surged to $0.09 within seven minutes of trading. These credentials can be traded before the official token launch or exchanged for actual project tokens at the TGE.

Kraken has partnered with self-custody wallet Trust Wallet to support trading for 60 tokenized stocks from its xStocks platform, Cointelegraph reported. The partnership will also enable deposits and withdrawals on the SOL, TRX, BNB Chain, and ETH networks.

A wallet suspected of belonging to BitMEX founder Arthur Hayes has deposited 1.08 million ETHFI, worth approximately $1.67 million, to Binance, according to data provider Onchain Lens. Deposits to exchanges are typically interpreted as a precursor to selling rather than long-term holding.

Two new addresses withdrew 851 BTC, worth $99 million, from exchanges, Lookonchain reported. Such withdrawals are typically interpreted as a sign of intent to hold.

European Commission President Ursula von der Leyen stated that sanctions against Russia will impact cryptocurrency platforms, according to foreign media reports.