A Chinese creditor representing a group of over 300 other creditors filed an objection to FTX’s latest motion that could allow it to relinquish claims in certain restricted regions.FTX has identified $800 million in creditor claims across 49 potentially restricted jurisdictions, with China accounting for 82%, according to The Block’s calculations based on an earlier filing.

Truth Social has signaled the introduction of a utility token, designed to be tied to a loyalty program associated with its TV streaming “Patriot Package” subscription, currently in testing.This announcement follows the company’s statement in April that it is exploring the possibility of issuing a utility token within a Truth digital wallet.

The U.S. Treasury’s Office of Foreign Asset Control has announced a new round of sanctions targeting over-the-counter crypto exchange Suex. Formally registered in Prague, but with physical offices in

Crypto asset management firm Osprey Funds has launched a Polygon trust product for private placement. The product will offer exposure to MATIC, the native token used on Polygon, an Ethereum Layer-2 b

Ripple\\\'s CEO Brad Garlinghouse is not enthusiastic about JP Morgan Chase\\\'s newest crypto venture. Garlinghouse has stated on Twitter that the JPM Coin \\\"misses the point,\\\" and compared the project to “

In Re Tezos Securities LitigationLawyers for the Tezos defendants argue that the new lead plaintiff should not be hand picked by plaintiff’s lead counselInstead, defendants want the new lead plaintiff to be approved by the Court, file their own new lawsuit and give the defendants a chance to move to dismissIt’s possible that the Tezos litigation may be slowed down because of plaintiff problems

Earlier on Friday, a popular X account said Arkham data showed that Strategy reduced its bitcoin holdings from 484,000 to approximately 437,000.“We are buying. We’re buying quite a lot, actually, and we’ll report our next buys on Monday morning,” Saylor told CNBC.

Chi Tsang, founder of venture firm m1720, is replacing former CEO Jonathan Bates, who served in the role since 2022.Earlier this week, BitMine announced it has boosted its ETH holdings to 3,505,723 tokens — nearly 3% of the total ether supply.

On a hiring spree, crypto financial services firm BlockFi has nabbed two prominent executives from the traditional finance spaceFormer American Express vice president Wittney Rachlin and former Credit Suisse director David Olsson have both joined the firmRachlin will lead BlockFi’s growth strategy and its rewards card launch, while Olsson is focusing on its institutional business

The team behind Open finance protocol Synthetix joined up with Ethereum layer-2 research group Optimism for a demo built on the Optimistic Virtual Machine (OVM)OVM is the virtual machine for the Optimistic Rollup, an Ethereum Layer-2 scaling solutionThe demo demonstrated how the new setup can reduce oracle update latency by 37.5 times and exchange latency by 75 times

Crypto ATM operator Crypto Dispensers is evaluating a $100 million potential sale, mere days after its founder was charged in relation to an alleged $10 million money laundering conspiracy. The firm mentioned “rising fraud exposure, regulatory pressure, compliance demands, and low repeat usage” as reasons it has pivoted in recent years towards software operations, but did not mention the charges in its announcement. 

Around $216 million has been invested in the Monad public token sale on Coinbase, 115% of the $187 million target, about five hours before the sale is set to conclude. The much-anticipated sale raised about $43 million in its first half hour after going live on Nov. 17, but the pace of purchases soon slowed, raising concerns that it would end undersubscribed. 

Aerodrome, the top DEX on Base, and Velodrome, the leading DEX on Optimism, suffered a front-end compromise early Saturday morning, and urged users to use decentralized mirror links to access the platforms. The compromise comes nearly two years after a similar attack took down their front-ends in 2023. 

Investors in the EOS initial coin offering have filed a class action complaint against Block.one in the Southern District of New YorkThe plaintiffs allege that the company provided misleading statements to investors This development comes months after Block.one paid a $24 million penalty to the Securities Exchange Commission following an investigation into the ICO

A new lawsuit accuses crypto derivatives exchange BitMEX of illegal activities like money launderingA spokesperson of BitMEX parent company HDR Global Trading told The Block: “We will deal with this complaint through a normal litigation process and are entirely confident the court will see the claim for what it is.”