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FTX Plans to Pay Creditors $900 Million as Fifth Distribution Starts on July 31

FTX Trading Ltd. and the FTX Recovery Trust will send roughly $900 million to creditors starting July 31, 2026, marking the estate’s fifth major distribution since the exchange’s 2022 collapse. The payout covers eligible holders of allowed claims in the Convenience and Non-Convenience Classes who met requirements by the June 16 Record Date. Bitgo, Kraken […] from Bitcoin News https://ift.tt/nd4bNm5
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‘The Only Way’: Coinbase CEO Brian Armstrong Champions Self-Custody to Reach 1 Billion Users

Coinbase CEO Brian Armmsgtong stressed that self-custody wallets were essential for reaching cryptocurrency adoption in the billions, praising the simplicity of entering markets that lack clear regulations. Agentic adoption, a future growth avenue, also benefits from self-custody, he pointed out. Coinbase CEO Brian Armstrong Stresses Relevance of Self-Custody Wallets To Get Billions into Crypto While […] from Bitcoin News https://ift.tt/Rsk1Uvm
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Saylor Rejects BIP 110, Warns Softfork Threatens Bitcoin’s Neutral Rules

Strategy founder Michael Saylor published a lengthy essay Saturday rejecting BIP 110, a proposed Bitcoin softfork that would temporarily restrict several types of transactions carrying non-payment data. Saylor’s essay lists 100 numbered arguments against the proposal, which he says amounts to using Bitcoin’s consensus rules to discourage a disputed but currently valid category of transactions. […] from Bitcoin News https://ift.tt/zL6e1s9
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Stablecoin Shakeup: $12 Billion Disappears in 2 Months While Tether Refuses to Flinch

Over the past two months, the stablecoin economy has been tightening its belt, trimming $12.413 billion since mid-May. In just the last week, the sector said goodbye to another $1.555 billion. Stablecoin Market Sheds More Than $12 Billion Since Mid-May The fiat-pegged crypto coin sector, as tracked by defillama.com on Saturday, Jul. 18, shows that […] from Bitcoin News https://ift.tt/juTkMXy
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Underdog Files First 7 Sports Contracts for Its Own Prediction Exchange

Underdog has filed the first seven sports event-contract templates for UDX, the federally regulated exchange it acquired in March. The filings target an initial listing no later than July 17, moving Underdog closer to controlling its own contracts rather than relying exclusively on outside exchanges. Underdog moves from distributor to exchange operator Underdog’s newly acquired […] from Bitcoin News https://ift.tt/e28yVOr
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Nigerian President Tinubu Signs Executive Order to Regulate Country’s Crypto Sector

Nigerian President Bola Tinubu has signed an executive order on virtual assets to address a fragmented regulatory landscape and protect citizens from fraud. Addressing Regulatory Gaps Nigerian President Bola Tinubu has signed an executive order aimed at regulating virtual assets and cracking down on unregistered operators, the government announced on July 17. The order establishes […] from Bitcoin News https://ift.tt/9GiJalM
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$1.38 Billion in One Month: How Venezuela’s Binance P2P Market Now Rivals Its Oil Exports

According to Econalitica, an economic consulting firm, Binance P2P volumes reached nearly 1.38 billion USDT between June 11 and July 13, a daily average of 44 million USDT. These numbers represent 75% of the national oil exports’ monthly volumes, underscoring the relevance of crypto markets. USDT Trading Hits Record Levels In Venezuela While Venezuela has […] from Bitcoin News https://ift.tt/hFyxR27
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