tl;dr
• FTX Estate Launches $1.2B Creditor Repayment Program: FTX estate releases $1.2 billion to smaller creditors under $50,000 claims while large creditors await repayments; concerns arise over asset valuation differences and the upcoming unlocking of 11.2M SOL on March 1.• Former Tether CEO Supports P...
• FTX Estate Launches $1.2B Creditor Repayment Program: FTX estate releases $1.2 billion to smaller creditors under $50,000 claims while large creditors await repayments; concerns arise over asset valuation differences and the upcoming unlocking of 11.2M SOL on March 1.
• Former Tether CEO Supports Pi Protocol's USP Stablecoin: Reeve Collins, ex-Tether CEO, backs Pi Protocol’s USP stablecoin on Solana and Ethereum, designed to be backed by bonds and real-world assets for decentralization and yield distribution.
• CZ Zhao Sees Crypto Wallets as Future Digital Identity Hubs: Former Binance CEO CZ envisions crypto wallets evolving beyond finance into digital identity and government services, emphasizing their role in asset management and payments.
• Strategy Announces $2B Bitcoin Purchase via Senior Notes Offering: Strategy (formerly MicroStrategy) resumes Bitcoin purchases, now holding 478,740 BTC (~$31.1B) at ~$65,033 per BTC, with new stock offerings funding further acquisitions.
• SEC Acknowledges Bitwise’s XRP ETF Filing: The SEC accepts Cboe BZX’s spot XRP ETF application, initiating a 21-day comment period and a potential 240-day review; analysts estimate a 65% approval chance, though concerns about market demand persist.
• Coinbase Implements Proof of Reserves for cbBTC: Coinbase introduces Proof of Reserves for cbBTC, revealing 26,525.15 BTC backing 26,461.05 cbBTC; move aims to rebuild trust after criticism of transparency in centralized exchanges.
• Trump’s TruthSocial Post Fuels Ripple and XRP Market Speculation: Trump's post hints at a crypto-friendly regulatory shift, impacting Ripple’s U.S. engagement and XRP sentiment; analysts discuss potential market and policy implications.
• Galaxy's Research Head Denies Involvement in SPX Token Controversy: Alex Thorn refutes claims that analyst Murad Mahmudov conducted a $20M SPX token sale via OTC transactions, avoiding on-chain scrutiny; SPX price remains weak at $0.61.
• Uniswap CEO Questions Fairness of Crypto Token Launches: Hayden Adams sparks industry debate by suggesting flawed token launches may be intentional, citing controversies around meme coins like LIBRA, MELANIA, and TRUMP.
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