Here is what happened yesterday in the crypto market:
Trump-backed World Liberty Financial Completes Token Sale
World Liberty Financial (WLFI), backed by Donald Trump, successfully concluded its token sale, amassing approximately $590 million. Read more
Russia Turns to Crypto to Bypass Sanctions in Oil Trade
According to Reuters, Russia is utilizing cryptocurrencies to facilitate oil trade with China and India, effectively circumventing Western sanctions on its $192 billion oil trade. Read more
Court Approves 3AC’s $1.53B Claim Against FTX, Setting Up Major Creditor Battle
A Delaware bankruptcy court has approved Three Arrows Capital’s (3AC) petition to significantly increase its claim against the FTX estate from $120 million to $1.53 billion. Read more
BlackRock Holds Over $47 Billion in Bitcoin
BlackRock, the world’s largest asset manager, now holds over 567,000 Bitcoin, valued at over $47.8 billion. Read more
US House Kills IRS DeFi Broker Rule, Solana Inflation Proposal Fails
The US House of Representatives voted to nullify a bill threatening the privacy of DeFi, while a proposal to cut Solana’s inflation rate failed. Read more