In a significant development for cryptocurrency creditors, Kraken has announced the initiation of the second phase of repayments for FTX creditors starting in May. This phase will see 50% of the creditors receiving their due payments. Meanwhile, Ethereum BioNexus has chosen Ethereum over Bitcoin for its treasury, citing Ethereum’s programmability and utility as key factors. In Japan, the stablecoin landscape is evolving with SBI VC Trade securing a landmark license and planning to list USDC, marking a new era for stablecoins in the region. Additionally, Coinbase is set to expand its offerings in the US market with a tokenized securities initiative. On the legislative front, a bipartisan Congressional Crypto Caucus has been launched to mobilize support for cryptocurrency-related legislation. Lastly, Aave, a major player in DeFi, is proposing an economic overhaul to boost revenue and sustainability.
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