Daily Crypto Roundup: FTX Settlement, CBDC Debates, and Coinbase’s AI Innovations
In a series of significant developments across the cryptocurrency landscape, major players are making strategic moves while new technological innovations continue to emerge. Here’s a comprehensive look at the latest events shaping the digital asset space.
FTX Reaches $228 Million Settlement with Bybit
The FTX bankruptcy estate has reached a settlement agreement with cryptocurrency exchange Bybit, ending a lawsuit filed in 2023. The $228 million settlement, detailed in an October 24 legal filing, allows FTX to recover $175 million in digital assets held on Bybit and sell approximately $53 million in BIT tokens to Mirana Corp, Bybit’s investment division.
The settlement, which awaits court approval at a hearing scheduled for November 20,…
