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FTX Bankruptcy Estate Hits Out Over ‘Unauthorized’ Sale of FTX EU to Backpack Exchange

Backpack, which announced its acquisition of the European arm of bankrupt exchange FTX on Monday, has not been authorized by FTX to make any distributions to any FTX customers or other creditors, the FTX bankruptcy estate said.

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Polymarket Bettors Are Confident Justin Trudeau Will Resign by Friday

Duelling scoops from two of Canada’s largest newspapers put Trudeau’s departure as early as Monday, but Polymarket bettors aren’t so mühlet it’ll come that early.

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Dogecoin Trade Goes From Meme to Reality as Donald Trump Confirms D.O.G.E

In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.

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Ethereum Layer-2 Project Starknet to Roll Out Staking Feature Later This Month

StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.

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Ethereum’s ENS Identity System Set to Launch Own Layer-2 Blockchain

“Namechain” will use a zero-knowledge rollup for scaling and is likely to go live around the end of 2025.

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Layer 1 Flare and Red Date Technology Set to Trial Stablecoin Buying for Chinese Nationals in Hong Kong

The Hong Kong-based trials will allow for registration on a regulated stablecoin app and the purchase of tokenized financial products.

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How Trump Could Change Crypto

Analysts expect a broad market rally and changes in SEC leadership. Trump’s crypto policies include a bitcoin strategic reserve, banning a central bank digital currency and freeing Ross Ulbricht.

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Crypto Equities Surge More Than 10% as U.S. Political Uncertainty Diminishes with Trump Victory

MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.

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Crypto Already Won Election as Trump Rises and Senate’s Sherrod Brown Falls

As Donald Trump’s path toward the White House became clearer, the industry had already scored huge, getting many new allies in Congress and a serious Senate hurdle removed.

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Will U.S. Election Change Crypto? Maybe, but TradFi Giants Likely to Plow Ahead Regardless

Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead.

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