ChainCatcher news, FTX creditor Sunil posted on the X platform revealing that creditors from countries such as Egypt, Iran, Nigeria, Ukraine, China, Russia, and Saudi Arabia are currently not eligible to receive distributions from BitGo and Kraken, but creditors may obtain accounts at these two exchanges.

ChainCatcher message, Grayscale announced on platform X that Grayscale XRP Trust is now open to qualified investors. XRP, supported by the XRP Ledger, is a distributed network for cross-border payments.

ChainCatcher news, FTX creditor Sunil tweeted that Kraken has sent emails to customers who chose the platform to receive FTX distribution funds, notifying them that the account registration process has been successfully completed. BitGo is also expected to initiate a similar process.There is currently no specific timeline for the distribution of claims exceeding $50,000, while users with claims below $50,000 must complete the relevant procedures within 60 days starting from January 3.

ChainCatcher news, Kraken announces zero-fee cryptocurrency trading for FTX creditors with a $50,000 offer.Kraken stated that new customers who choose to receive funds from FTX will receive a fee waiver, allowing them to purchase $50,000 worth of cryptocurrency on Kraken Pro without paying any trading fees. Depending on the amount of funds received, they will receive a $105 Kraken trading fee credit (KFEE). These will be credited to the customers' accounts after the FTX allocation is received. The fee credit can only be used on Kraken Pro.

ChainCatcher news, according to Cointelegraph, the bankrupt cryptocurrency exchange FTX stated that the acquisition of its European branch FTX EU by the cryptocurrency exchange Backpack has not yet been approved by the bankruptcy court, and Backpack has not been authorized to distribute funds to FTX creditors.Backpack announced on January 7 that it has acquired FTX EU and stated that it will assume the responsibility of repaying debts to EU customers as part of the court-approved bankruptcy process. Backpack founder Armani Ferrante stated that his exchange will not conduct any transactions in the EU until it can repay FTX creditors, adding that it may be ready as early as February.However, FTX stated in a statement on January 8 that Backpack's "claim" of acquiring FTX EU has not occurred and has not been approved by the U.S. Bankruptcy Court for the District of Delaware, adding that all statements released by Backpack were made without FTX's knowledge. FTX debtors had previously agreed to sell FTX EU to some "former insiders" of FTX Europe under a settlement agreement supervised by the bankruptcy court, but only stated that they were informed that these former insiders had agreed to indirectly transfer FTX EU to Backpack. FTX also noted that Backpack has not been granted the authority to manage the repayment to creditors.

ChainCatcher news, according to official sources, Grayscale has announced that its Grayscale Stellar Lumens Trust is now open to accredited investors. This trust is one of the first securitized products focused on XLM, allowing investors to gain exposure to XLM in a securities format, avoiding the complexities of directly purchasing and storing crypto assets.Stellar is an open-source decentralized platform focused on cross-border payments, and its native token XLM enables fast, reliable, and low-cost cross-border transfers.

ChainCatcher news, FTX's bankruptcy administrator is being sued by creditor Lidia Favario for extravagant spending. Favario pointed out that the bankruptcy administrator's expenses during the handling of the FTX bankruptcy proceedings were excessively luxurious, including high-end hotel accommodations and exorbitant transportation costs. She mentioned that A&M professionals spent $971.74 for one night at a luxury hotel in New York, and one professional spent $1,733 on a taxi.Additionally, FTX paid $2,683 to have three taxis wait for CEO John Ray's testimony. Favario is urging the court to expand the review of expenses to ensure compliance with the Department of Justice's reasonable spending standards.

ChainCatcher news, publicly traded company Sol Strategies (stock code: CYFRF, HODL.CN) announced on Monday that it will invest 25 million Canadian dollars in the Solana ecosystem through an unsecured credit facility.The unsecured revolving credit facility will accrue interest at a rate of 5% per annum, compounded daily. Sol Strategies has drawn 4 million Canadian dollars in principal and plans to use "the remaining funds to make large-scale purchases of Solana tokens to support its staking operations and acquisitions." According to the statement, it must utilize the entire facility by January 6, 2027.The company, headquartered in Toronto, is the latest initiative following the rebranding of Cypherpunk Holdings to become one of the major Solana stakers and ecosystem participants.In July last year, Cypherpunk Holdings appointed Leah Wald as CEO, shifting its focus to the Solana ecosystem. The company has sold several investments, including equity in Animoca Brands, which was previously its second-largest holding after Bitcoin, and it has also directly invested in SOL and Solana validators.As of December 31, 2024, Sol Strategies has staked over 1.5 million SOL (worth approximately 450 million Canadian dollars) in its validator operations, including over 140,000 SOL owned by the company.Last December, the company announced its intention to seek a listing on Nasdaq. From Wald's appointment as CEO to the end of last year, the price of HODL has increased by over 2,000%. (The Block)

ChainCatcher message, FTX creditor Sunil posted on platform X stating: "SUI has reached $5.2, with a market cap of $16 billion. FTX sold 890 million SUI (warrants) + equity to Mysten Labs for $96 million in March 2023, and these tokens are now worth about $4.6 billion."

ChainCatcher news, FTX creditor Sunil stated on social media that aixbt is spreading false information about FTX, claiming that FTX will start distributing on January 3 and will distribute 16 billion dollars in cash within 60 days.In fact, FTX only has 13 billion dollars in cash and has applied to retain 6.5 billion dollars, so they can only distribute around 6.5 to 7.5 billion dollars in the first distribution.

ChainCatcher news reports that the delinquency rate for credit loans on cryptocurrency accounts at K Bank, a South Korean bank, has reached an all-time high. K Bank is the affiliated bank for the Korean won accounts of Upbit, the leading cryptocurrency exchange in South Korea, which accounts for over 70% of the country's cryptocurrency trading volume.After two consecutive failed listings, K Bank is preparing for an IPO next year. It has been pointed out that its over-reliance on Upbit and poor stability indicators may become obstacles to its listing.Data submitted today by the office of Kim Jae-seop, a member of the National Assembly's Political Committee and a member of the People Power Party, to the Financial Supervisory Service shows that as of the third quarter of this year, the delinquency rate for personal credit loans utilizing cryptocurrency-related accounts at K Bank is 1.28%, with a delinquent balance of 47.4 billion won. Since the bank launched cryptocurrency-linked accounts in June 2020, both the delinquency rate and delinquent balance have continuously reached new highs.It is reported that K Bank will restart its listing process next month. The effectiveness of the preliminary review for listing obtained in August this year will remain valid until February next year, leading the industry to believe that K Bank may attempt to list again before then. Some analysts believe that the recent activity in the cryptocurrency market is beneficial for K Bank, as it can generate additional income by managing the assets of investors deposited on Upbit.

ChainCatcher news, The ETF Store President Nate Geraci posted on social media that Nexo 7RCC has submitted the S-1 amendment for the world's first Bitcoin and carbon credit futures mixed ETF. The fund adopts a portfolio of 80% Bitcoin and 20% carbon credit futures, tracking carbon trading systems such as EU carbon emission allowances, California carbon allowances, and the Regional Greenhouse Gas Initiative. The SEC has approved its 19b-4 filing, which is seen as the ESG version of Bitcoin ETF. The fund's price fluctuations will be influenced by the spot price of Bitcoin, carbon credit allowances, and their futures prices.

ChainCatcher news, Grayscale has announced that its Grayscale Bittensor Trust is now open to accredited investors, allowing investment in TAO in the form of securities.

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.