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Backpack Exchange acquires FTX EU, plans Q1 2025 launch

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Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.

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Coin Market

Pentagon bans US forces from using military info to bet in prediction markets

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Hegseth warned that prediction market wagers could expose military operations to adversaries.

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New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express

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DeepSeek banned from US federal civilian agencies over spying fears. Singapore firm behind Europe’s first spot Bitcoin ETF, as Switzerland partners with Vietnam on crypto tech.

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Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals

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According to a Circle shareholder, the US president’s “corruption” through USD1 left the company unable to compete with stablecoins, harming USDC.

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