FTX Recovery Trust to Distribute $2.2 Billion to Creditors on March 31

The Zcash Foundation announced that the U.S. SEC has concluded an investigation without recommending enforcement action. The review, initiated in August 2023, focused on the offering of digital assets during Gary Gensler's tenure as SEC chair.

FTX's bankruptcy estate plans to make its next payment to creditors on March 31, following an amendment to reduce disputed claims reserve. The estate is also pursuing litigation to recover assets transferred before the exchange's collapse in November 2022.

Ripple has obtained preliminary approval for an Electronic Money Institution license from Luxembourg's CSSF, following a similar approval from the UK's Financial Conduct Authority. This approval strengthens Ripple's ability to expand cross-border payment infrastructure in Europe.

The Human Rights Foundation (HRF) has allocated 1.3 billion satoshis to 22 global projects supporting financial freedom and censorship resistance under authoritarian regimes. These initiatives focus on Bitcoin development, decentralized mining, privacy tools, and education in Asia, Africa, and Latin America.

Bitwise Asset Management introduced the Bitwise Chainlink ETF on NYSE Arca, the second LINK-based spot ETF in the U.S. Chainlink's price surged to $14.25, its highest in a month, with a 5% gain in a day, as per CoinGecko.

Bitcoin is predicted to reach new all-time highs in 2026 by Bitwise CIO Matt Hougan, contingent on avoiding flash crashes, passing the Clarity Act, and stable equity markets. Hougan warns of potential hindrance from large whales selling at $100,000.

Pakistan's Ministry of Finance has signed an MOU with World Liberty Financial's affiliate to explore digital finance innovations, focusing on stablecoins for cross-border transactions. The country aims to modernize payments and reduce cash reliance, with a growing interest in digital assets.

Bitcoin's price surge has led to the liquidation of nearly $700 million in short positions over the past 24 hours. Ethereum, XRP, and Solana have also seen gains, with Bitcoin leading in liquidated positions at $382 million.

The Algorand Foundation announced its relocation to the United States from Singapore, with a new board of directors appointed to focus on areas like payments infrastructure and asset tokenization. The move aligns with a shift in U.S. crypto policy towards fostering blockchain innovation and market growth, emphasizing regulatory clarity and legislative engagement.

Survey data reveals financial advisors are increasingly recommending and personally investing in crypto, with allocations in client portfolios reaching all-time highs. This shift signifies a significant change in how advisors perceive digital assets and their role in traditional portfolios.