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These payments will be drawn from FTX’s $11.4 billion cash reserve.
Just a week after co-founder Andre Cronje revealed that the firm was building a USD-based algorithmic stablecoin offering an annual percentage rate of up to 23%, the company made an abrupt U-turn.
Kalshi argues that its contracts fall under the regulatory domain of the U.S. Commodity Futures Trading Commission (CFTC), not state-level gaming regulators.
Quick Take Bitcoin is up 1.8% above $83,000, with other cryptocurrencies holding relatively steady. U.S. President Donald Trump is expected to make his “Liberation Day” tariff announcement on Wednesday, while details remain undisclosed.
XRP price may record a massive breakout if a 72,500% prediction from a top market analyst comes to reality.
- 20:46US Dollar Index edges down on the 5th, closing at 98.782According to Jinse Finance, the US Dollar Index edged down on the 5th, closing at 98.782, slightly lower than the previous trading day's 98.786.
- 19:32Zelensky: Supports US Ceasefire Proposal and Calls for Sanctions Against RussiaAccording to Jinse Finance, on August 5 local time, Ukrainian President Zelensky stated in his routine evening video address that he had a phone call with U.S. President Trump that day, with the most important topic being how to end the Russia-Ukraine conflict as soon as possible. Zelensky said that Ukraine fully supports the U.S.-proposed "immediate ceasefire" initiative. He emphasized that the key is to make Russia feel the pressure from the international community, especially from the United States, as well as the threat of harsher sanctions resulting from the war. One crucial measure is to sanction Russia's oil exports.
- 18:53Galaxy Plans to Issue Tokenized Stock GLXYForesight News reports that Galaxy plans to issue tokenized shares under the ticker $GLXY and has signed an RWA platform agreement with Superstate, a company led by Robert Leshner.