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FTX's reorganization plan, effective January 3, 2025, will enable the repayment of 98% of users approximately 119% of their claimed account value. Kraken and BitGo will assist in distributing the initial recovery funds, with repayments expected within 60 days of the effective date. Additional details regarding other customer groups awaiting repayments will be announced later.
BitGo is enhancing institutional Bitcoin yield opportunities by integrating dual staking with Core DAO, allowing clients to earn scalable yields while retaining full custody of their assets. This innovative approach enables institutions to secure extra Bitcoin rewards without facing risks associated with slashing or counterparty issues.
In a significant political shift, the cryptocurrency industry funneled over $245 million into the recent elections, helping candidates like Bernie Moreno defeat long-standing incumbents and secure nearly 300 pro-crypto lawmakers in Congress. This strategic investment aimed to eliminate critics and bolster support for crypto-friendly regulations, particularly following the SEC's aggressive stance under Gary Gensler. With the backing of major crypto executives and PACs, the industry is poised to exert unprecedented influence over future legislative agendas.
Mike Belshe
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ftx to begin customer repayments in 2025 with help from kraken and bitgo
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