Fintech Firms Make Moves Amid Crypto Market Volatility
-
Fnality, a fintech firm building tokenized currencies, raised $95M in funding led by Goldman Sachs and BNP Paribas.
-
XRP futures traders lost $7.26M in 24 hrs after false rumors of a BlackRock XRP ETF filing caused volatile price swings.
-
A judge ended the automatic stay between bankrupt crypto firms FTX and BlockFi, allowing them to negotiate a settlement.
-
BlockFi had an estimated $355M frozen on FTX and was owed $671M more by FTX's sister firm Alameda Research.
-
The stay's modification allows FTX debtors to argue defenses and counterclaims regarding BlockFi's claims in FTX's bankruptcy case.