COINDESK DAILY: FTX, Alameda Ordered to Pay $12.7B to Creditors; Brazil’s SEC Approves Solana-Based ETF
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 August 2024
⏱️ 2 minutes
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Summary
Host Jennifer Sanasie breaks down the news in the crypto industry from FTX and Alameda Research being ordered to pay $12.7 billion to the Brazilian SEC's approval on a Solana-based ETF.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a New York judge officially ordered defunct crypto exchange FTX and trading firm Alameda Research will pay $12.7 billion to creditors. Plus, the Brazilian SEC has approved a Solana-based ETF, and Kamala Harris and Donald Trump are tied on Polymarket.
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:00.0 | FTX and Alameda Research to pay $12.7 billion to creditors and a Solana ETF gets approved in Brazil. |
| 0:07.3 | This is Coin Desk Daily. I'm your host, Jen Sanasi. |
| 0:15.5 | Defunct crypto exchange, FTX and trading firm Alamator Research will pay $12.7 billion to creditors as a New York |
| 0:22.2 | judge officially approved a consent order. According to court filings, United States District, |
| 0:27.3 | Judge Peter Castell passed the approval on August 7th, ending a 20-month-long lawsuit from the CFTC. |
| 0:32.7 | The order does not include civil penalties, but bans FTX and Alameda from trading digital assets and acting |
| 0:39.0 | as intermediaries in the market. Founder of both companies, Sandbankman-Fried, was sentenced to 25 |
| 0:43.9 | years in prison and ordered to forfeit $11 billion in March. The Brazilian SEC has approved a |
| 0:50.5 | salina-based ETF, the agency disclosed in its central database. It is the first product |
| 0:55.6 | of its kind in Brazil and among the first Solana ETPs globally. According to the agency, the |
| 1:01.2 | Salana-based ETF is in a pre-operational stage, so it has yet to be approved by the Brazilian |
| 1:06.5 | stock exchange, B3. South American country has been fertile ground for ETFs. B3 listed a Bitcoin |
| 1:12.9 | and E3 ETF between 2021 and 2022, while it started offering Black Rock's Ibit in March of this year. |
| 1:20.5 | Former President Donald Trump began the election cycle with a significant lead over the Democrats |
| 1:25.5 | in the race for the White House. Now with President Joe Biden out and Kamala Harris in as the party's candidate, |
| 1:31.7 | the odds for who's going to end up in the Oval Office has changed. |
| 1:35.5 | Betters on Polly Market now think that Donald Trump and Kamala Harris both have a 49% chance of winning the upcoming election. |
| 1:44.5 | That's it for CoinDesk Daily. |
| 1:45.7 | Get more updates on CoinDesk.com, and we'll see you next time. |
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