Quick Summary: The FTX Recovery Trust announces a $2.2 billion creditor distribution on March 31, 2026, bringing total payouts to roughly $10 billion. The FTX Recovery Trust announced Wednesday that it will distribute $2.2 billion to creditors on March 31, 2026. Eligible recipients will receive funds through their chosen distribution provider within one to three business days. A fifth payment round is scheduled for May 29, 2026.The fourth distribution includes an 18% payout for Dotcom Customer claims, a 5% distribution for US Customer Entitlement Claims, and a 15% distribution for both General Unsecured Claims and Digital Asset Loan Claims. Convenience…
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Quick Summary: SEC Chair Paul Atkins says NFTs and digital collectibles are typically not securities, as they represent one-time purchases rather than investment contracts. SEC Chair Paul Atkins has clarified why nonfungible tokens generally do not qualify as securities, following the agency’s release of an interpretive framework identifying four categories of digital assets outside securities law. Speaking in a CNBC interview, Atkins listed digital commodities, digital tools, digital collectibles including NFTs, and stablecoins as assets typically excluded from that definition.Atkins described digital collectibles as items that are bought and held, much like physical collectibles, rather than functioning as investment contracts…
Quick Summary: Kalshi CEO Tarek Mansour disputes Arizona criminal charges over alleged illegal gambling, arguing federal regulators hold exclusive oversight of the platform. Kalshi co-founder and CEO Tarek Mansour has rejected criminal charges filed by Arizona authorities, calling them a “total overstep” and vowing to contest them in court. Arizona Attorney General Kris Mayes announced the charges on Tuesday, alleging Kalshi operated an illegal gambling business without a license and offered unlawful election wagering.Mansour accused Mayes of attempting to “subvert the judicial process” by filing charges ahead of a court decision in Kalshi’s own lawsuit against Arizona authorities. The company…
Quick Summary: The FOMC votes to keep the Federal Funds rate at 3.5–3.75% as Middle East conflict clouds the economic outlook. The Federal Open Market Committee voted on Wednesday to maintain the Federal Funds rate at its current range of 3.5–3.75%. Federal Reserve Chairman Jerome Powell cited solid economic expansion and resilient consumer spending, but noted weakness in housing and softening in the labor market.Powell acknowledged that inflation remains somewhat elevated above the Fed’s 2% target, creating tension between its dual mandate of maximizing employment and stabilizing prices. He added that the ongoing conflict in the Middle East has further…
Quick Summary: Bitcoin services firm Fold posted $9M in Q4 revenue but recorded a $69.6M full-year net loss and cut its Bitcoin treasury nearly in half. Fold, a Bitcoin financial services company, reported an 8% rise in Q4 revenue to $9 million, adding roughly 2,000 new customers during the period. The firm recently launched a Fold Bitcoin Rewards Credit Card, a product powered by Visa and Stripe that offers cashback and Bitcoin rewards.CEO Will Reeves said during the Q4 and full-year 2025 earnings call that Bitcoin rewards could eventually surpass airline miles as the top consumer reward in the US.…
Quick Summary: The Algorand Foundation has reduced its workforce by 25%, citing crypto market weakness and global macroeconomic uncertainty. The Algorand Foundation, the organization supporting the Algorand layer-1 blockchain, has announced a 25% reduction in its workforce. The foundation described the move as a difficult response to ongoing uncertainty in global markets and a broader decline in crypto asset values.In a statement, the foundation said it now has a more sustainable alignment of resources with its long-term technology and ecosystem priorities. It pledged to support affected staff through the transition, calling them best-in-class contributors.The cuts arrive as the foundation prepares…
Quick Summary: A California court dismissed Roger Metz’s petition to block an IRS summons for his Coinbase records, citing failure to notify the US Attorney General within 90 days. Roger Metz filed a petition in the Northern District of California in May 2025 seeking to quash an IRS summons directing Coinbase to hand over his financial records related to a 2022 federal tax audit. His attorneys argued the summons was overbroad, violated his privacy rights, and failed to meet administrative requirements. They also noted Metz had already filed an amended return and paid the outstanding tax before the summons was…
Quick Summary: Attackers are targeting OpenClaw developers on GitHub with fake $5,000 CLAW token rewards to trick users into connecting crypto wallets. Developers of OpenClaw, a widely used open-source AI project, are being targeted by a phishing campaign on GitHub involving fake cryptocurrency token rewards. Cybersecurity firm OX Security reported the scam on Wednesday, noting no victims had been identified so far.Attackers created fake GitHub accounts and posted messages in repositories they controlled, tagging developers to boost visibility. The posts falsely claimed recipients had won $5,000 worth of CLAW, a non-existent cryptocurrency, and directed them to a cloned website prompting…
Quick Summary: The Executive Office of the President registered aliens.gov with no announcement, prompting a White House spokesperson to tell reporters to ‘stay tuned.’ The Executive Office of the President registered the domain aliens.gov early Wednesday morning, leaving the site blank and offering no official explanation. A domain-monitoring bot detected the move, which was first reported by 404 Media. When asked about it, White House Principal Deputy Press Secretary Anna Kelly told reporters to ‘stay tuned,’ accompanied by a smiling alien emoji.The registration follows a Truth Social post by President Trump last month directing the Defense Department and other federal…
Quick Summary: Polymarket is acquiring DeFi infrastructure startup Brahma, which has processed over $1 billion in volume, to streamline its platform and boost liquidity. Polymarket, the blockchain prediction markets platform, is acquiring Brahma, a crypto startup specializing in decentralized finance infrastructure. Brahma says its team will focus on developing Polymarket’s technology stack and product suite following the transition. Financial terms of the deal were not disclosed.Founded in 2021, Brahma has processed over $1 billion in volume and developed three core products, including Strategy Vaults, smart accounts, and a Visa card linked to DeFi positions. All three products will be wound…
