FTX and Alameda Research to pay $12.7 billion to creditors and a Solana ETF gets approved in Brazil.

This is Coin Desk Daily. I'm your host, Jen Sanasi.

Defunct crypto exchange, FTX and trading firm Alamator Research will pay $12.7 billion to creditors as a New York

judge officially approved a consent order. According to court filings, United States District,

Judge Peter Castell passed the approval on August 7th, ending a 20-month-long lawsuit from the CFTC.

The order does not include civil penalties, but bans FTX and Alameda from trading digital assets and acting

as intermediaries in the market. Founder of both companies, Sandbankman-Fried, was sentenced to 25

years in prison and ordered to forfeit $11 billion in March. The Brazilian SEC has approved a

salina-based ETF, the agency disclosed in its central database. It is the first product

of its kind in Brazil and among the first Solana ETPs globally. According to the agency, the

Salana-based ETF is in a pre-operational stage, so it has yet to be approved by the Brazilian

stock exchange, B3. South American country has been fertile ground for ETFs. B3 listed a Bitcoin

and E3 ETF between 2021 and 2022, while it started offering Black Rock's Ibit in March of this year.

Former President Donald Trump began the election cycle with a significant lead over the Democrats

in the race for the White House. Now with President Joe Biden out and Kamala Harris in as the party's candidate,

the odds for who's going to end up in the Oval Office has changed.

Betters on Polly Market now think that Donald Trump and Kamala Harris both have a 49% chance of winning the upcoming election.

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