Bankrupt crypto exchange FTX Trading Ltd. is now reviewing offers from three potential buyers.

The forthcoming decisions surrounding FTX’s future are expected to garner significant attention, especially with the crypto community converging at Benzinga’s Future of Digital Assets conference on Nov. 14.

Kevin M. Cofsky from Perella Weinberg Partners, FTX’s investment banker, stated during a Delaware court hearing the company is in discussions regarding binding offers and is set to make a decision by mid-December, Bloomberg reported.

Cofsky mentioned several possibilities, including “selling the entire exchange” with its extensive database of more than 9 million customers, collaborating with…

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Asset management firm AllianceBernstein put out a memo last Monday not so subtly hyping bitcoin over gold, calling the cryptocurrency a “safe haven asset.”

AllianceBernstein (AB) analysts highlight that aside from Bitcoin’s inherent value stemming from its limited supply of 21 million coins — referred to as its “hard money properties” — the asset’s returns are undeniable.

“Since its inception, Bitcoin has consistently outperformed gold,” AB analysts wrote in the Oct. 16 note. “Over [the] last 3 years, Gold has been flat, while Bitcoin is up 150% (despite the 60% drawdown in 2022).”

And over the last five years, they wrote, bitcoin had five times better returns…

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While awaiting a Spot Bitcoin ETF approval, Grayscale announced the FTSE Grayscale Crypto Sector Index Series, a novel way to look at the digital asset market and measure the performance of the rapidly growing crypto space.  

What Happened: Digital currency asset manager, Grayscale Investments launched five crypto sector indices along with London-based index provider FTSE Russell, a subsidiary of the London Stock Exchange, the company announced on Tuesday.

The joint product launch will be called the “Crypto Sector Index Series” including several indices that track the prices of various digital assets according to their use cases. The indices will cover more than 150 protocols and…

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Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an October 24 blog post. Withdrawals “are currently available to nearly all Wallet customers,” the post stated, adding that Blockfi Interest Account (BIA) and Loan customers will be able to withdraw some assets in early 2024.

BlockFi is pleased to announce that its bankruptcy plan (the “Plan”) is effective and the company has emerged from bankruptcy as of October 24, 2023 (the “Effective Date”).

— BlockFi (@BlockFi) October 24, 2023

According to the post, BlockFi’s emergence from bankruptcy means that it can now attempt to recover assets from other firms…

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Congressional crypto advocate Rep. Tom Emmer, R-Minn, has emerged as the GOP’s latest pick for Speaker of the House, but he still has an uphill battle ahead. 

Republicans landed on Emmer, who currently serves as the majority whip, after considering nine other party members Tuesday in an internal election. There could be a House floor vote as soon as this afternoon, but people familiar with the matter said that Emmer is losing support by the minute. 

Emmer will need 217 votes to get the gig, meaning a maximum of only four Republicans can go against him. In the internal vote, Emmer was down 26 Republicans.  

Former President Donald Trump seems to be leading the charge against Emmer…

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After a bitcoin rally brought the asset’s price above $35,000 late Monday, trading volumes for the first and largest US bitcoin futures fund soared Tuesday.   

The ProShares Bitcoin Strategy ETF (BITO) — the first US fund to hold bitcoin futures contracts — saw volumes amounting to 21.1 million shares on Monday, up from its average volumes of about 8 million shares. 

That number rose Tuesday, as 32.5 million shares of BITO had traded as of 2:30 pm ET, according to Nasdaq data. BITO’s price was $17.20 at that time, making the volumes’ value worth roughly $557 million on the day so far. 

The ETF’s Tuesday volumes were poised to easily surpass the 33.5 million shares…

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Solana’s SOL/USD price has increased 3.32% over the past 24 hours to $30.68. Over the past week, SOL has experienced an uptick of over 27.0%, moving from $24.15 to its current price. As it stands right now, the coin’s all-time high is $259.96.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 215.0% over the past week, while the overall…

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The Treasury has opted to extend the comment period for its proposed new rules on crypto reporting requirements by two weeks. Interested parties now have until mid-November to share their thoughts with the tax regulator. 

The Treasury and Internal Revenue Service pushed back the comment deadline in response to the “strong public interest” the rule has received since first proposed in August, according to a Federal Register document scheduled to be published on Oct. 25. 

The proposed rule, published in late August 2023, suggests defining digital asset “brokers” as “trading platforms, digital asset payment processors, certain digital asset hosted wallet providers and persons…

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Artificial intelligence (AI) large language models (LLMs) built on one of the most common learning paradigms have a tendency to tell people what they want to hear instead of generating outputs containing the truth. This, according to a study from Anthropic AI. 

In one of the first studies to delve this deeply into the psychology of LLMs, researchers at Anthropic have determined that both humans and AI prefer so-called sycophantic responses over truthful outputs at least some of the time.

Per the team’s research paper:

“Specifically, we demonstrate that these AI assistants frequently wrongly admit mistakes when questioned by the user, give predictably biased feedback, and mimic errors… Read more on Cointelegraph