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FTX was an ‘utter failure of corporate controls at every level of an organization’, says CEO

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Countering some of SBF’s claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.

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BlackRock files for third Bitcoin ETF, still no Solana or XRP

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BlackRock’s proposed Bitcoin fund would use options to limit potential losses and gains, adding another strategy to its existing Bitcoin and Ether ETF lineup.

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US Bitcoin ETFs draw $527M in biggest showing since September

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BlackRock’s IBIT led the gains with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale, while other funds recorded no net flows.

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Sophon sets Nov. 25 withdrawal deadline ahead of mainnet shutdown

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In June, Sophon’s developers said the costs of maintaining a standalone blockchain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base.

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