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FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B in Forfeited Assets

FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B in Forfeited Assets

FTX’s victims are seeking a court hearing to rule on their claim that all the failed crypto exchange’s forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.

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XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles

Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.

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Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K

Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.

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Spot bitcoin ETFs see $145 million exit as outflows persist

The ETFs experienced $580 million in weekly outflows last week amid the hawkish FOMC meeting, according to CoinShares.

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RISC Zero rolls out production-ready zkVM

RISC Zero has introduced a new general-purpose zero-knowledge virtual machine (zkVM) that is production-ready.

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‘DJT’ Solana Token Surges on Unconfirmed Report Trump’s Behind It

The former president’s son Barron is spearheading the project, Pirate Wires reported on X, without naming its sources.

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Trump and Biden Likely Won’t Shake Hands at Debate, Prediction Market Says

Meanwhile, there’s a prediction market on whether the U.K. newspaper The Guardian will correct an article about prediction markets.

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Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins

As bitcoin’s volatility is nearing historically low levels, the crypto market is in need of news or catalysts to bring traders to action, one market participant noted.

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US SEC pushes back against Ripple’s efforts to lower its fines saying the firm ‘is agreeing to nothing’

The SEC rebutted Ripple’s push for lower fines in its case against the regulator and said circumstances were different than past penalties.

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Crypto returns will remain muted as investors chase AI gains, economist says

Crypto is “losing its charm” among risk-asset investors, as market FOMO focuses on AI-related stocks, an economist said.

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