News Explorer — 3 High-profile Bidders, Including Bullish, Are Competing to Reboot FTX, With Support From SEC Chairman Gary Gensler

Generated by AI, curated by humans

Nov 9, 5:26 am

Unchained Crypto

3 High-profile Bidders, Including Bullish, Are Competing to Reboot FTX, With Support From SEC Chairman Gary Gensler

The possibility of a FTX reboot is becoming more likely, with three prominent bidders vying for the winning bid and support from SEC Chairman Gary Gensler. Bullish, a crypto exchange led by Tom Farley, is one of the bidders, while the SEC chairman expressed approval as long as the exchange operates within the law and maintains investor trust. The FTX bankruptcy estate is currently evaluating offers from three suitors, with $7.3 billion worth of recovered assets.

The possibility of a FTX reboot is becoming more likely, with three prominent bidders vying for the winning bid and support from SEC Chairman Gary Gensler. Bullish, a crypto exchange led by Tom Farley, is one of the bidders, while the SEC chairman expressed approval as long as the exchange operates within the law and maintains investor trust. The FTX bankruptcy estate is currently evaluating offers from three suitors, with $7.3 billion worth of recovered assets.

Latest

Mar 13, 7:04 pm

Decrypt

President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

The Solana-based TRUMP meme coin has surged by 35% in the last 24 hours, reaching $3.75, following an announcement of an... Read Summary

Mar 13, 6:33 pm

Decrypt

Kraken-Backed KRAKacquisition SPAC Seeks Up to $10 Billion Crypto Firm Target

KRAKacquisition Corp., a SPAC backed by Kraken, aims to acquire a target worth up to $10 billion. The company is explori... Read Summary

Mar 13, 6:05 pm

Decrypt

Billionaire Stanley Druckenmiller Sees Stablecoins as Future Financial Backbone

Billionaire investor Stanley Druckenmiller believes stablecoins will be the backbone of the financial system in the futu... Read Summary

Mar 13, 5:10 pm

DL News

Crypto Lobby Plans More Ads After Spending $271 Million on 2026 Midterms

The crypto lobby has already spent $271 million on the 2026 midterms, with more attack ads expected against political ho... Read Summary

Mar 13, 5:02 pm

bitcoinmagazine.com

South Africa's Eskom Considers Selling Surplus Daytime Electricity to Bitcoin Miners at a Discount

Eskom is considering selling excess daytime electricity to Bitcoin mining companies due to increased solar power usage,... Read Summary

Mar 13, 4:37 pm

Decrypt

Treasury Issues Sanctions Linked to North Korean Scheme Funneling Millions to Weapons Programs

The U.S. Treasury Department sanctioned individuals and entities involved in a North Korean scheme that funneled million... Read Summary

Mar 13, 4:00 pm

Coindesk

MoonPay Enhances Security for AI Agent Payments by Enabling Ledger Hardware Wallet Signing

MoonPay integrated Ledger hardware wallet signing into its CLI wallet for MoonPay Agents to address security challenges... Read Summary

Mar 13, 3:47 pm

Coindesk

Ethereum Foundation Mandate Stresses Decentralization and Self-Sovereignty

The Ethereum Foundation released a 38-page document outlining its philosophy and commitment to Ethereum's decentralizati... Read Summary

Mar 13, 3:48 pm

Decrypt

Story Protocol Developer PIP Labs Reduces Staff by 10%

PIP Labs, the company behind Story Protocol, has reduced its workforce by 10%, including full-time employees and contrac... Read Summary

Mar 13, 3:18 pm

Coindesk

Mizuho Raises Circle's Price Target as USDC Surpasses Tether's USDT in Key Metric

Circle's USDC has surpassed Tether's USDT in adjusted transaction volumes, leading Mizuho to raise its price target for... Read Summary

Mar 13, 12:58 pm

Protos

Rising Oil Prices Fuel Tokenized Crypto Trading Fever

The surge in oil prices has led to a frenzy on crypto platforms, with leveraged oil derivatives being listed for specula... Read Summary

Mar 13, 11:31 am

DL News

Sky DeFi Protocol Cuts Buyback Program by 87% to Boost Stablecoin Reserves Amid War Concerns

Sky, a major DeFi protocol, has reduced its buyback program by 87% to strengthen its stablecoin reserves. The reduction,... Read Summary

Mar 13, 8:50 am

DL News

BlackRock's Staked Ethereum Fund Has Already Pulled in $16 Million

BlackRock's new Ethereum ETF, ETHB, allows investors to capture staking rewards while providing exposure to Ether. The a... Read Summary

Mar 13, 4:51 am

Coindesk

Pi Network's PI Token Rises 30% After Kraken Listing

Pi Network's PI token surged 30% after Kraken announced its listing, following the project's shift to a phone-based trus... Read Summary

Mar 13, 4:46 am

Decrypt

Adobe's CEO to Step Down Amid AI Disruption to Big Tech

Shantanu Narayen, CEO of Adobe, will step down after leading the company's growth from under $1 billion to over $25 bill... Read Summary