FTX has filed a motion in bankruptcy court seeking approval to hire Galaxy Digital Capital Management LP (“Galaxy”) as an investment manager, according to a court filing uploaded to FTX’s claims agent website on Aug. 23. Galaxy investment manager for FTX. As the filing outlines, FTX is proposing to engage Galaxy to provide investment management The post FTX wants court to allow up to $200M weekly crypto sale, restart ‘hedging’ BTC appeared first on CryptoSlate.

Solana Pay, the decentralized payment protocol by Solana Labs, has integrated with Shopify. This strategic integration allows millions of businesses on Shopify’s platform to leverage Solana Pay for crypto transactions with zero transaction fees until 2024. A post on the Solana official X profile, linking to a TechCrunch article read; “Today, Solana Pay integrates with The post Shopify integrates with ‘zero-fee’ Solana Pay, prompting businesses to adopt crypto transactions appeared first on CryptoSlate.

The Chamber of Digital Commerce, a leading voice representing the trillion-dollar U.S. digital asset industry, is set to make a critical appearance in the SEC v Coinbase case, demonstrating the mounting tensions between regulatory bodies. As an Aug. 22 court filing indicates, the Chamber’s involvement signals a critical moment for the industry as law firm The post Chamber of Digital Commerce assigns lawyer to argue against SEC in court as part of Coinbase case appeared first on CryptoSlate.

Prompted by regulatory pressures, Binance.US is transitioning to a crypto-only exchange, replacing USD with USDT as its base asset. As Binance reported, this move is a strategic response to banking partners suspending USD channels following the Securities and Exchange Commission (SEC) lawsuit. Following the transition, Binance.US has introduced an enhanced Buy & Sell Crypto feature The post Binance US shifts to ‘crypto-only’ after dropping USD, MoonPay becomes new on-ramp appeared first on CryptoSlate.

Tether, the issuer of stablecoin USDT, has announced a partnership with the Swiss city of Lugano to enhance the city’s robust blockchain infrastructure, according to a report by Tether on Aug. 22. As part of the partnership, Tether will host and manage a validator node partnering with Lugano’s 3Achain, the official city-sanctioned blockchain that underpins The post Lugano teams with Tether to drive citywide blockchain adoption appeared first on CryptoSlate.