Backpack, which announced its acquisition of the European arm of bankrupt exchange FTX on Monday, has not been authorized by FTX to make any distributions to any FTX customers or other creditors, the FTX bankruptcy estate said.

Also: Ripple’s Chainlink deal; Pyth partners with Revolut

The upgrade from Jump Crypto could drastically boost transaction throughput, helping Solana support legacy financial markets.

The native token of the XRP Ledger rose more than 2% on Wednesday while most of the rest of the crypto sector saw steep losses.

Mining stocks including WULF, BTDR, IREN and HUT dropped over 5%, while BTC holder medical devices firm Semler Scientific plunged 10%.

Prosecutors are currently working to unlock four of Kwon’s cell phones provided by Montenegrin authorities.

In what will be his final public speech as head of the derivatives agency, Rostin Benham had a lot to say about digital assets supervision in the U.S.

PYTH is down by 9% in the past 24-hours despite the deal.

A sharp gain in interest rates didn’t dent crypto’s price rally through late 2024, but that may not be the case anymore.

The HYPE token is down by 15% in the past 24-hours.