Here’s What Happened in Crypto Today
Staying informed in the fast-paced world of cryptocurrency is crucial. Today, we cover the latest developments in Bitcoin, blockchain technology, DeFi, NFTs, Web3 innovations, and regulatory updates from around the globe.
FTX Recovery Trust’s September Payout
The FTX Recovery Trust has announced its third distribution of funds to creditors, totaling an impressive $1.6 billion. This payout, scheduled for September 30, includes:
- 6% payout for Dotcom Customer claims
- 40% distribution for U.S. Customer Entitlement Claims
- 24% allocation for General Unsecured Claims and Digital Asset Loan Claims
- 120% reimbursement for Convenience Claims
Since February, FTX has returned significant sums to creditors, including $1.2 billion and $5 billion in earlier payouts. The trust still handles up to $16.5 billion in assets earmarked for reimbursement, aiming to recover as much value as possible for creditors and former customers.
European Union Targets Crypto in Sanctions
In a landmark move, the European Union has included cryptocurrency platforms in its latest sanctions against Russia. The measures, outlined in the EU’s 19th sanctions package, aim to curb financial evasion tactics by directly targeting digital asset services. Key highlights of the sanctions include:
- Banning cryptocurrency transactions for Russian residents
- Blocking foreign banks linked to Russia’s alternative payment systems
- Restricting dealings with Russian special economic zones
European Commission President Ursula von der Leyen stated, “As evasion tactics grow more sophisticated, our sanctions will adapt to stay ahead.” This marks a significant shift, as cryptocurrency services are being targeted for the first time in EU sanctions. The measures are pending final approval from all 27 EU member states.
First U.S. Dogecoin and XRP ETFs Surpass Expectations
Investors showed strong interest in the debut of the first U.S.-based Dogecoin (DOGE) and XRP (XRP) exchange-traded funds (ETFs). The funds recorded over $54.7 million in trades on the first trading day, significantly exceeding analysts’ expectations:
- The REX-Osprey XRP ETF (XRPR) reported $37.7 million in trading volume.
- The REX-Osprey DOGE ETF (DOJE) saw $17 million in trades.
According to Bloomberg ETF analyst Eric Balchunas, both funds demonstrated strong early performance. XRPR recorded the biggest day-one trading volumes among 2025 launches, while DOJE delivered solid results. This interest signals growing investor confidence in crypto-related ETFs, paving the way for future launches featuring alternative coins and innovative services like crypto staking.
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Stay tuned for more updates on cryptocurrencies, blockchain advancements, and market trends shaping the future of finance.
