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FTX Recovery Trust to unlock $1.6B for creditors in September disbursement

The distribution marks the third payout to creditors of the former exchange as it continues dispensing up to $16.5 billion in funds. Source: https://cointelegraph.com/rss FTX Recovery Trust to unlock .6B for creditors in September disbursement

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US Treasury opens second round of comments on Genius Act implementation

The bill to establish rules for payment stablecoins was signed into law by US President Donald Trump in July and awaits final regulations before implementation. Source: https://cointelegraph.com/rss US Treasury opens second round of comments on Genius Act implementation

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Bitcoin could cop a 70% drawdown next bear market: Crypto analyst

Into The Cryptoverse founder Benjamin Cowen said such a steep drawdown isn’t guaranteed, but “history would at least caution us.” Source: https://cointelegraph.com/rss Bitcoin could cop a 70% drawdown next bear market: Crypto analyst

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Rex-Osprey’s XRP, DOGE ETFs ‘no slouch’ with $54M volume on debut

Novel ETFs tracking XRP and Dogecoin have surpassed analyst trading volume expectations, together seeing $54 million in trades on their debut. Source: https://cointelegraph.com/rss Rex-Osprey’s XRP, DOGE ETFs ‘no slouch’ with M volume on debut

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PayPal expands PYUSD stablecoin to Tron, Avalanche and 6 other chains

PayPal is adding support for a permissionless version of its PYUSD stablecoin on Tron, Avalanche and several other blockchains via LayerZero and its Stargate Hydra bridge. Source: https://cointelegraph.com/rss PayPal expands PYUSD stablecoin to Tron, Avalanche and 6 other chains