Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Disney is launching a nonfungible token (NFT) platform with Dapper Labs, while bankrupt crypto firms FTX and BlockFi are permitted to move ahead with negotiations for their claims settlement, a judge has ruled. Meanwhile, someone faked a filing for a BlackRock XRP
Disney launches NFT platform with Dapper Labs
Disney and Dapper Labs, the metaverse and NFT firm behind the popular CryptoKitties decentralized application, have joined forces to launch an NFT platform.
Dubbed “Disney Pinnacle,” the marketplace will contain NFTs featuring iconic characters from Disney as well as those of its Star Wars and Pixar brands.
According to Dapper Labs CEO Roham Gharegozlou:
“Fans anywhere will be able to collect dynamic pins on their phone and trade instantly and securely with each other no matter where they are in the world.”
FTX, BlockFi claims settlement allowed to proceed, judge declares
Bankrupt crypto companies FTX and BlockFi have been allowed to proceed in negotiations for their claims settlement, according to a new court filing.
On Nov. 13, United States bankruptcy judge Michael Kaplan ordered the end of an automatic holding placed on proceedings between the two firms. FTX debtors can now pursue their “arguments, defenses, counterclaims, setoffs, or otherwise” concerning the BlockFi claims in the FTX bankruptcy proceeding.
Both entities filed for Chapter 11 bankruptcy status in November 2022, after the implosion of FTX at the beginning of that month. BlockFi is estimated to have had around $355 million in funds frozen on the FTX platform, with an additional $671 million owed by Alameda Research.
The order also said that FTX debtors would have no right to “receive an affirmative distribution from the BlockFi Debtors” and that both parties should file a mediation with the Delaware Bankruptcy Court as soon as possible.
Once such a mediation is filed, mediation will begin “no later” than Dec. 24, 2023.
Hoax BlackRock XRP trust filing causes price rollercoaster
XRP jumped and then dumped within an hour on Nov. 13 as a filing suggested asset manager BlackRock was creating an XRP exchange-traded product — which was quickly confirmed as fake.
X (formerly Twitter) users picked up on a filing on the website for Delaware’s list of corporations that showed BlackRock registered the “iShares XRP Trust” — a precursor to launching an exchange-traded fund (ETF).
XRP gained 12%, spiking to $0.73 within 30 minutes of the news of the filing. It then lost all its gains in the half hour after it was confirmed as fake by Bloomberg ETF analyst Eric Balchunas, who spoke with BlackRock.
Balchunas speculated someone listed the XRP trust on the website by impersonating BlackRock managing director Daniel Schwieger.
This is false! Confirmed by BlackRock by me. Some whacko must have added using BlackRock executive name etc. Cmon man. pic.twitter.com/cDpnycYwjQ— Eric Balchunas (@EricBalchunas) November 13, 2023
Bitcoin Magazine analyst Dylan LeClair was one of the first to initially break the news. Balchunas and The Block also shared the listing on X in now-deleted posts
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