BitGos $100M suit against Galaxy can proceed Delaware Supreme Court

After being dismissed by the Delaware Court of Chancery in 2023, the states supreme court ruled the definition of the merger agreement between BitGo and Galaxy was ambiguous.

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Bitwise eyes first NEAR-focused ETF amid rising token value

Bitwise Asset Management has taken a significant step toward launching a new exchange-traded fund (ETF) based on NEAR Protocol’s native token, NEAR. According to information on Delaware’s official state website, the firm registered a new entity called Bitwise NEAR ETF on April 24. The filing, listed under number 10174379, classifies the entity as a corporate […]

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Alameda Research to sell interest in Sequoia Capital to Abu Dhabi for $45M

FTX’s sister company, Alameda Research, agreed to sell its interest in Sequoia Capital to Abu Dhabi’s sovereign wealth fund for $45 million.

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CEO Sues Board Members for Seizing Control of Crypto Miner

Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities. (Read More)

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Judge slams senators’ letter against FTX lawyers as ‘inappropriate’

Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate,” and says he won’t take it into account in his decision for an independent examiner.

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Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases

The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect.

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Franklin Templeton Establishes Solana Trust in Delaware to Expand Investment Opportunities

Franklin Templeton, a global investment firm, has recently launched the Solana Trust in Delaware, paving the way for a potential Solana Exchange-Traded Fund (ETF). This move comes as a strategic step to introduce exposure to Solana, a popular blockchain platform, to traditional investors. By establishing the Solana Trust in Delaware, Franklin Templeton aims to provide [...]

The post Franklin Templeton Establishes Solana Trust in Delaware to Expand Investment Opportunities appeared first on Crypto Breaking News.

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Franklin Templeton Establishes Solana Trust in Delaware for Investment Opportunities

The investment firm Franklin Templeton has launched a new trust for Solana in Delaware, which will serve as the underlying asset for a spot Sol ETF. This move aims to provide investors with exposure to the Solana ecosystem, allowing them to participate in the growth of this popular blockchain platform. Solana has been gaining traction [...]

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Bitwise has filed an XRP ETF

The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware. 

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FTX financial controls were a ‘hodgepodge’ of apps, says court filings

FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III. In an April 9 court filing in a Delaware Bankruptcy Court, John J [...]

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Metropolitan Museum of Art to return $550K in donations from FTX

The Metropolitan Museum of Art (Met) is set to return $550,000 in donations it received from crypto exchange FTX prior to its collapse in November. The New York-based museum confirmed its intention to repay the funds to FTX debtors in a filing to the United States Bankruptcy Court in Delaware on June 2 — the [...]

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