October 29th, 2025
New Binance CEO Richard Teng has a rich track record in the financial regulatory environment, having worked in Dubai and Singapore for the past years.
OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman.
It might be interesting to note that those running the affairs of Backpack Exchange intend to take a cue from FTX.
FTX management has been trying to recover funds from multiple sources including beneficiaries of donations made by the firm and its former CEO Sam Bankman-Fried.
The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years.
SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law.
After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen.
The bank provides segregated accounts, which, it asserts, offer better customer protections when compared to the standard omnibus accounts.
Part of the shortlisted investors that want to relaunch FTX includes Proof Group.
Following the collapse of Terra Luna and FTX last year, the UK policymakers have committed to introducing a new regulatory regime for crypto assets and stablecoins to ensure sustainable and secure mainstream adoption.
In addition to utilizing an investment adviser, the debtors have proposed the formation of a pricing committee composed of all stakeholders.
An upswing in a claim’s valuation signals an increase in the anticipated recovery worth. SBF’s inner circle – Caroline Ellison, Gary Wang, and Nishad Singh – might have to pay heavy penalties.
Having maintained a bullish outlook YTD, Bitcoin price is very likely to continue in the same momentum in the next eight weeks based on historical trends studied by Matrixport.
Short-term prediction for SOL indicates that the bullish trend for Solana is expected to continue in the short term.
The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis.