Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. 

According to a writ of summons filed in the High Court of Hong Kong and seen by Cointelegraph, CoinFLEX creditors claim that OPNX co-founder and former CEO Mark Lamb is “misappropriating and/or otherwise wrongfully using the assets, human resources, intellectual properties, […] trade secrets and other technologies” of CoinFLEX by diverting them into OPNX. It alleges that Lamb performed these actions contrary to his responsibilities to…

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“So I heard BlackRock launched a bitcoin ETF,” your uncle might say at the Thanksgiving table. 

How will you respond? 

Well, first you can clarify that he (let’s call him Jim) means an ETF, or exchange-traded fund. And while the asset management giant indeed wants to bring such a product to market, it does not yet have approval. 

“Oh, I see,” Uncle Jim says as he collects another forkful of mashed potatoes. “I can’t say I know much about it beyond all the headlines.”

He’s right — the story has been the subject of numerous stories in recent months. Yet, misconceptions persist. 

BlackRock is not the only one pursuing a bitcoin ETF. About a dozen companies —…

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Amid market uncertainties around Changpeng “CZ” Zhao’s departure as Binance CEO, the in-house cryptocurrency of the FTX crypto exchange, FTX Token (FTT), witnessed a momentary bull run. FTT surged in market value by more than 55% in the past 48 hours and is currently trading at $4.63, reflecting a 30% increase from $3.56.

FTX’s native token is experiencing another surge following Binance’s $4.3 billion settlement with the United States Department of Justice, according to on-chain analyst firm Santiment. This goes against expectations that FTT would fall in price because it’s the new token representing the FTX crypto exchange’s relaunch (FTX 2.0). The token’s value appears to…

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A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur. 

Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22,851,000 Blur (BLUR) tokens in the season 2 airdrop of Blur. At the time of writing, coin price tracker CoinGecko showed that the amount is worth around $11.2 million.

It’s time to BLAST OFF. I just received 22851000 $BLUR from @BLUR_io’s Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS

— Hanwe… Read more on Cointelegraph

The collapse of FTX in 2022 and Binance’s recent $4.3-billion settlement with United States authorities provide a strong argument for the provisions of the European Union’s Markets in Crypto-Assets (MiCA) legislation, a European Commission official said in an interview.

Ivan Keller, policy officer for the European Commission, spoke to Cointelegraph at the MoneyLIVE conference in Amsterdam. News of Binance’s high-profile settlement with the U.S. Department of Justice (DOJ) broke the night before Keller’s keynote and served as a pertinent reflection point for MiCA’s full-scale application in 2024.

“I think we’ve had several unfortunate confirmations that kind of go down that…

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