BitFlyer plans to acquire FTX Japan for billions of yen, aiming to reposition it as a digital asset management firm for institutional investors. FTX's restructuring involves selling subsidiaries to repay creditors, with ongoing disputes over cash versus crypto repayments.
ZeZhengIn a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanBitcoin's recent spike in transaction fees to $40 has intensified discussions about network efficiency and the need for Layer 2 solutions.
KikyoStarting from August 31, artists who launch new projects on OpenSea will no longer be able to impose creator royalty fees on buyers.
DavinFTX’s bankruptcy estate paid $121.8 million in legal, consulting and financial services fees and expenses between February 1 and April 30, according to data compiled by The Block Research’s Greg Lim. FTX advisors submitted their expenses and fees on June 15.
TheBlockEthereum has generated $743 million in fees over past 6 months.
BeincryptoReport Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions
Others
Coinlive FTX’ debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin and Ethereum Trusts.
TheBlockWith the new integration, Reddit users will be able to purchase Ether from supported Reddit apps via FTX’s payment and exchange infrastructure platform FTX Pay.
Cointelegraph