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FTX to start creditor repayments via BitGo on February 18, 2025, with 9% interest added. Larger claims remain pending.
The proposed legislation would allow the state treasurer to invest public funds exclusively in Bitcoin (BTC) to establish an “Ohio Bitcoin Reserve Fund.”
Support truly promising projects, rather than those driven by short-term speculation.
Quick Take The SEC asked for comments to be filed 21 days after being published in the Federal Register. Over the past few weeks, firms have flooded in with proposals from funds based on DOGE among other cryptocurrencies, seemingly in hopes that a change in leadership at the SEC could be friendlier to approve crypto ETFs.
Quick Take World Liberty Financial co-founder Chase Herro said on Thursday that the platform plans on creating a “strategic reserve” with the tokens it purchases, according to a report from Bloomberg. The DeFi project is backed by President Donald Trump.
Quick Take The SEC has asked the public for comments in a notice that acknowledges a 19b-4 filing from NYSE Arca, which proposes to list and trade the Grayscale Solana Trust. The SEC is accepting comments on the proposal for 21 days following its publication in the Federal Register.
- 11:15Japanese Listed Company Convano Launches Bitcoin Reserve Strategy, Plans to Purchase $2.7 Million Worth of Bitcoin in JulyAccording to ChainCatcher, as stated in the official announcement, Japanese nail salon operator Convano Inc (6574.T) has officially launched its Bitcoin reserve strategy, planning to purchase Bitcoin worth 400 million yen (approximately 2.7 million US dollars) within July. The company has established a dedicated "Bitcoin Strategy Office," led by director Taiyo Azuma.
- 11:15LD Capital Founder: Amid Intense Market Volatility, Has Deleveraged and Is Holding Spot Positions on the SidelinesOn July 17, LD Capital founder JackYi posted on social media, stating that ETH has achieved a significant surge, and his prediction a month ago to "short squeeze ETH" has come true. While BTC's price remained flat, ETH broke through $3,000 and quickly approached $3,500. The current market is highly volatile, making both long and short positions difficult to manage. He has chosen to unwind leveraged loans, hold spot positions, and patiently wait for further market developments.
- 11:08Bitget Wallet Releases 2025 PayFi Report: Gaming, Travel, and Everyday Spending Emerge as Top Three Crypto Payment ScenariosOdaily Planet Daily reports that on July 17, Web3 wallet Bitget Wallet released the "2025 PayFi Report: Unlocking Real-World Use Cases for Crypto Payments." According to the data, gaming (36%), daily spending (35%), and travel bookings (35%) are the top scenarios where global users prefer to use cryptocurrency for payments, indicating that crypto payments are rapidly becoming part of everyday life. The report also notes that Gen Z favors gaming and entertainment, East Asian users prefer daily spending and digital goods, while Latin America focuses on e-commerce.Bitget Wallet has been continuously improving its crypto payment infrastructure. By launching a co-branded crypto card with Mastercard, supporting national QR code payments, in-app shopping, and gift card purchases, Bitget Wallet is expanding crypto payment services to more regions, making crypto spending more efficient and seamless.