{"id":953,"date":"2023-09-14T10:11:00","date_gmt":"2023-09-14T02:11:00","guid":{"rendered":"https:\/\/insights.digift.io\/?p=953"},"modified":"2025-08-15T16:49:27","modified_gmt":"2025-08-15T08:49:27","slug":"ftx-court-filing-reveals-7b-in-assets-as-firm-aims-to-complete-bankruptcy-process-by-second-quarter-2024-jpmorgan-is-exploring-blockchain-based-deposit-token-for-payments-settlements","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/ftx-court-filing-reveals-7b-in-assets-as-firm-aims-to-complete-bankruptcy-process-by-second-quarter-2024-jpmorgan-is-exploring-blockchain-based-deposit-token-for-payments-settlements\/","title":{"rendered":"FTX court filing reveals $7B in assets as firm aims to complete bankruptcy process by second quarter 2024; JPMorgan is exploring blockchain-based deposit token for payments, settlements"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\" style=\"line-height:2\"><strong>Weekly&nbsp;<\/strong><strong>Update: 14 September 2023<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">1) FTX court filing reveals $7B in assets as firm aims to complete bankruptcy process by second quarter 2024&nbsp;<a href=\"https:\/\/cryptoslate.com\/ftx-court-filing-reveals-7b-in-assets-as-firm-aims-to-complete-bankruptcy-process-by-second-quarter-2024\/\">[CryptoSlate]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>FTX is eyeing the completion of its bankruptcy process for the second quarter of next year, according to its Sept. 11 court filings.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">2) JPMorgan is exploring blockchain-based deposit token for payments, settlements&nbsp;<a href=\"https:\/\/www.theblock.co\/post\/249846\/jpmorgan-exploring-blockchain-based-payment-and-settlement-system-bloomberg\">[Bloomberg]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If approved by regulators, the token could speed up transactions, marking an expansion of JPMorgan&#8217;s blockchain push.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">3) Change to US accounting rules will be a boon to companies holding crypto in 2025&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/fasb-united-states-accounting-rules-companies-holding-crypto-2025\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Financial Accounting Standards Board has recommended recording crypto at fair market value on corporate balance sheets.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">4) Financial privacy and regulation can co-exist with ZK proofs \u2014 Vitalik Buterin&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/financial-privacy-regulation-can-coexist-zk-proofs-vitalik-buterin\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A new paper co-authored by Ethereum\u2019s Vitalik Buterin highlights the use of zero-knowledge proofs as a tool for regulatory compliance and on-chain privacy.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">5) G20 moves forward with international crypto framework&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/g20-moves-forward-international-crypto-framework\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">6) MAS approves digital asset exchange AsiaNext as recognised market operator&nbsp;<a href=\"https:\/\/fintechnews.sg\/77949\/digitalassets\/mas-approves-digital-asset-exchange-asianext-as-recognised-market-operator\/\">[Fintech SG]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AsiaNext, a digital asset exchange for institutional investors, announced that it has secured a license as a Recognised Market Operator (RMO) from the Monetary Authority of Singapore (MAS).<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">7) PayPal rolls out crypto-for-USD conversion service&nbsp;<a href=\"https:\/\/www.theblock.co\/post\/250333\/paypal-rolls-out-crypto-for-usd-conversion-service\">[The Block]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The payment giant is now rolling out an \u201coff ramp\u201d service so users can seamlessly convert digital currency into dollars.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">8) Southeast Asia super-app Grab adds support for web3 services&nbsp;<a href=\"https:\/\/www.theblock.co\/post\/249787\/southeast-asia-super-app-grab-adds-support-for-web3-services\">[The Block]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Grab, a ride-hailing super-app popular in Southeast Asia, has incorporated web3 services.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">9) Vitalik Buterin\u2019s X account hacked, over $691K drained from victims\u2019 wallets&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/ethereum-vitalik-buterin-x-hackers-drain\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Victims allegedly suffered losses exceeding $691,000 due to a malicious link falsely promoting a free NFT.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">10) $500B Korean asset manager Mirae taps Polygon Labs in securities tokenization drive&nbsp;<a href=\"https:\/\/www.coindesk.com\/business\/2023\/09\/07\/500b-korean-asset-manager-taps-polygon-labs-to-develop-tokenized-securities-network\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mirae Asset Securities is teaming up with Ethereum scaling solution Polygon Labs to develop a tokenized securities network and accelerate adoption of Web3 technologies.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Change to US accounting rules will be a boon to companies holding crypto in 2025 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