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FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show

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More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day.

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Coin Market

Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement

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The deal will bring SoFiUSD to Kraken, connect Payward to SoFi’s 24/7 dollar settlement network and give SoFi access to digital asset liquidity through Kraken Prime.

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Recovery specialists crack $1B crypto wallet… but find just $10

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Crypto recovery specialists reveal how lost wallets, passwords and seed phrases can sometimes be recovered — but that’s of no help if the money was never there in the first place.

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Nvidia buys Hugging Face for $12.9B in push into AI software

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Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models.

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