ChainCatcher news, Grayscale announced that it will open the Horizen Trust (HZEN) investment channel to eligible investors. The fund allows investors to gain exposure to ZEN tokens in the form of securities.As of December 16, the trust's market price per share is $6.40, with approximately $8.7 million in assets under management.

ChainCatcher news, according to CryptoSlate, the FTX creditors' team disclosed in court documents on December 10 that they successfully recovered approximately $14.5 million in funds through small claims settlements in November, mainly from previous political donations.The recovered funds include $6 million from the House Majority PAC and $3 million from the Senate Majority PAC.In addition, organizations such as Forward Action Fund, Mind the Gap, and the American Road People Organization also refunded over $1 million each.

ChainCatcher news, MicroStrategy founder Michael Saylor posted on X: "MSTR is a credit default swap on over $100 trillion in assets from the 20th century."Note: A credit default swap (CDS) is one of the main credit risk mitigation tools traded over-the-counter, and is a type of financial derivative, one of the credit derivatives. It can be seen as a form of default insurance for a financial asset.

ChainCatcher news, according to court documents, Celsius Network is distributing $127 million to eligible creditors in its second payout under bankruptcy proceedings after its collapse in July 2022.The latest distribution raises the total recovery rate to 60.4% of the eligible claims amount, based on the initial payout in January 2024, when approximately 57.65% of eligible claims were paid in liquid crypto assets or cash. The second distribution is primarily composed of liquid crypto assets, with funds converted to Bitcoin at an average price of $95,836.23 to match the claim values.Payments cover various categories of creditors, including retail deposit claims, general income claims, and unsecured loan claims. Former Celsius Network CEO Alex Mashinsky will begin a jury trial on January 28, 2025, following a pre-trial hearing on January 16, 2025.

ChainCatcher news, according to Bloomberg, Italy's Intesa Sanpaolo SpA is expanding the scope of its digital assets division to handle spot trading of cryptocurrencies, marking the latest move by a traditional bank to delve into new markets.According to insiders, Italy's largest bank established a proprietary cryptocurrency trading division within its corporate and investment banking sector in 2023. Since then, the division has only traded cryptocurrency options, futures, and exchange-traded funds. Although spot trading has not yet commenced, the trading desk received the necessary internal approvals and technical systems about a month ago.Cassie Craddock, Managing Director for Ripple in the UK and Europe, confirmed that Intesa Sanpaolo is collaborating with Ripple Custody (formerly Metaco) to build custody capabilities for any type of tokenized asset.

ChainCatcher news, according to Blockworks, during a panel discussion at Devcon held in Bangkok, Vitalik Buterin, Stephen Goldfeder, Ben Jones, and Jesse Pollack discussed the challenges facing Ethereum and its Rollup-centric roadmap.Vitalik Buterin stated that currently, whenever users operate across multiple chains, custom solutions are required. The ideal Ethereum experience should be like using a credit card in Web2, where everything is seamlessly connected in the background. "If Ethereum cannot achieve this level of experience, it will lose to other solutions that can."Stephen Goldfeder mentioned that users should not be burdened by the complexity of the infrastructure and advocated for a "unified Ethereum," envisioning a seamless cross-chain transition within the ecosystem. Vitalik Buterin also emphasized the need to simplify cross-chain asset flows. Ultimately, the panel articulated a shared mission: to enhance user experience without compromising the decentralized spirit of Ethereum, aiming to build an ecosystem centered around users rather than chains.

ChainCatcher news, according to Bitcoin.com, Singapore-based cloud mining service Bitfufu has secured a credit line of $100 million from Antpool Technologies to enhance its Bitcoin holdings. The two companies have signed a two-year Master Loan Agreement (MLA).Under this arrangement, Bitfufu stated that it will have the opportunity to access $100 million in funding, which the company indicated will support general corporate purposes, such as potential acquisitions and the maintenance of Bitcoin reserves.

ChainCatcher news, BNB Chain announced a $10 million cloud service credit investment from Google Cloud to support the development of MVB projects within its ecosystem. Through this collaboration, over 40 projects in BNB Chain's "Most Valuable Builders" (MVB) program will each be able to apply for up to $350,000 in Google Cloud credits, primarily for projects focused on artificial intelligence and cloud computing. Other projects in different areas will also have the opportunity to receive $200,000 in credits, valid for 2 years.The MVB (Most Valuable Builder) program is an accelerator project jointly launched by BNB Chain, Binance Labs, and CMC Labs, focusing on supporting early developers in Web3.

ChainCatcher news, according to Bloomberg, former Alameda Research co-CEO Sam Trabucco has agreed to transfer a range of assets, including a yacht, to FTX creditors.Trabucco purchased the 53-foot boat for $2.51 million in March 2022, just months before he left Alameda. According to a court document dated November 10, Trabucco also agreed to relinquish his legal ownership of two San Francisco apartments that he purchased for a total of $8.7 million in 2021.The document states that he also agreed to transfer all rights to approximately $70 million in claims made against FTX to the creditors, which will be dismissed.

ChainCatcher news, according to @ai_9684xtpa's monitoring, 10 hours ago the Fetch.ai multi-signature address transferred 5 million FET (approximately 5 million USD) to DWF Labs, which has now been deposited into Binance.In addition, 8 hours ago GSR Markets deposited 8.59 million ENA into Binance, worth 2.93 million USD. 4 hours ago, the Galaxy Digital OTC address deposited 2,489 MKR into Binance, worth 2.88 million USD.

ChainCatcher news, according to official sources, the Grayscale XRP Trust is open to qualified investors seeking to invest in XRP.

ChainCatcher news, according to iChainfo monitoring, the Genesis creditor address transferred 1,764 BTC (worth approximately 117.86 million USD) to an anonymous address 1 hour ago.

ChainCatcher news, Gray announced on platform X that it has opened private placements for 20 token funds to qualified investors, including AAVE, AVAX, BCHG, GBAT, GRT, TAO, GLNK, MANA, FILG, LTCN, MKR, GLIV, NEAR, GSOL, RENDER, STX, GXLM, SUI, XRP, ZCSH.

ChainCatcher news, on Tuesday, Bitcoin mining company MARA announced a $200 million credit line, using part of its BTC holdings as collateral. The company stated that the funds will be used to capitalize on strategic opportunities and for other general corporate purposes.Although MARA did not provide specific details about the terms of the credit line, the characteristics of recent agreements by industry competitors have shown a loan-to-value ratio of about 70% and a weighted average interest rate of 4.2%. Assuming a loan-to-value ratio of 70%, MARA would need to pledge approximately 4,000 BTC as collateral for the $200 million credit line.As of September 30, MARA holds 26,842 BTC, currently valued at $1.8 billion.

ChainCatcher news, according to The Block, former FTX user Alexander Nikolas Gierczyk has filed a lawsuit in the U.S. District Court for the Southern District of New York, accusing the hedge fund Olympus Peak of violating an agreement regarding additional bankruptcy claim proceeds. It is reported that Gierczyk transferred his bankruptcy claim worth $1.59 million to Olympus Peak at a 58% discount in November 2023.Recently, U.S. Bankruptcy Court Judge John Dorsey in Delaware approved the FTX asset restructuring plan. The plan is expected to repay FTX creditors between 129% and 146% of the claim value at the time of the bankruptcy filing in fiat currency. According to the lawsuit documents, based on this repayment ratio, Olympus Peak is expected to profit between $1.1 million and $1.4 million from Gierczyk's claim.The lawsuit documents indicate that although Gierczyk transferred the claim at a discount, the agreement with Olympus Peak included an "excess claim clause." This clause was originally intended to allow Gierczyk to receive additional compensation in the same proportion if the bankruptcy distribution exceeded expectations. However, the plaintiff's attorney stated that Olympus Peak has explicitly indicated it will not fulfill its obligations under this clause.

ChainCatcher news, according to Cointelegraph, FTX creditors have voluntarily withdrawn their class action lawsuit against the American law firm Sullivan & Cromwell (S&C). The Moskowitz law firm, serving as the lead representative for the plaintiffs, stated that this withdrawal is voluntary and does not involve any settlement agreement.On February 16, 2024, a group of FTX creditors sued S&C, accusing the firm of participating in FTX's multi-billion dollar fraud and profiting from it. The lawsuit sought damages for civil conspiracy, aiding and abetting breach of fiduciary duty, and aiding and abetting fraud. S&C had served as FTX's external legal advisor in several transactions and is currently overseeing FTX's bankruptcy proceedings.Adam Moskowitz, founder and managing partner of the Moskowitz law firm, explained the reason for the withdrawal: "Based on the evidence we have seen, we believe there is not enough reason to file a lawsuit, so we have withdrawn the complaint. Now, we can sit down and work together to try to obtain the maximum compensation for the victims from other third parties."

ChainCatcher news, according to official sources, Jupiter has announced the launch of a mobile application with zero platform fees and built-in on-chain functionality. The built-in on-chain feature supports various payment methods such as Apple Pay and credit cards.The mobile version is equipped with a brand new automatic mode that automatically handles slippage, priority fees, or retries transactions, allowing users to swap any tokens at will.

ChainCatcher news, according to TheBlock, the FTX bankruptcy plan has been criticized by the largest group of FTX creditors represented by Sunil Kavuri. Kavuri stated that when FTX filed for bankruptcy in 2022, the asset management agency in charge of liquidation should pay in the form of physical cryptocurrency rather than in USD value. David Adler, a lawyer representing some creditors, also stated in court that if creditors receive compensation in cash instead of physical assets, they will face significant taxes.Previous news, a U.S. judge approved the FTX bankruptcy plan to fully repay cryptocurrency customers in cash plus interest.

ChainCatcher news, Wintermute Ventures announced on platform X a strategic investment in the decentralized credit rating platform Synnax in collaboration with TON Ventures. As of now, Synnax's total funding has reached 1.55 million USD.The new funds will support the development of the Synnax credit intelligence rating protocol and its Telegram mini-program SynQuest, aiming to build a decentralized and transparent credit market and optimize the credit rating industry through predictive analytics obtained from decentralized data sources.