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JPMorgan and Coinbase have partnered to integrate crypto services into traditional banking, including tokenized deposits and rewards redemption, signaling deeper collaboration between traditional finance and the crypto industry.
FTX will begin its next round of cash payouts to creditors on September 30, 2025, after reducing its disputed claims reserve by $1.9 billion, while facing opposition from a Chinese creditor over global payout restrictions.
Korean credit card companies are forming a strategic alliance to explore stablecoin opportunities, aiming to influence upcoming regulations and integrate stablecoins into the financial ecosystem.
The FTX Recovery Trust has set August 15 as the record date for the next substantial creditor distribution, marking a key milestone in the ongoing efforts to repay those affected by FTX's collapse.
FTX creditors have found new hope due to a breakthrough in jurisdiction rules, which may allow more users to claim compensation from the collapsed exchange.
FTX is facing a delay in resolving a $470 million foreign claims dispute due to over 90 objections from creditors in 49 'restricted' countries, highlighting the complexities of international crypto regulations and insolvency proceedings.
Euler Labs has introduced Swype.fun, a revolutionary crypto credit card that allows users to make payments without selling their crypto assets, leveraging Euler's lending protocol and the Base network for efficiency.
Backpack has launched a non-profit FTX debt marketplace to allow creditors to sell bankruptcy claims, amid FTX's $6.2 billion recovery progress, while facing challenges in restricted jurisdictions.
Crypto exchange Backpack has launched a no-fee platform for FTX creditors to sell their claims to third-party buyers, offering a streamlined and efficient solution for recovery.