John Dorsey, a judge at the Delaware Bankruptcy Court in the United States, has approved the FTX bankruptcy plan, bringing an end to the proceedings for the crypto broker that collapsed two years ago. According to the plan, 98% of affected parties will receive at least 118% of their claims in fiat currency, calculated based on exchange rates at the time of bankruptcy. The judge also confirmed on Monday that the value of FTT, the platform’s native token, is zero.

Linea, a layer 2 ZK rollup solution supported by the development company Consensys, outlined the steps required for decentralization and the transition of zkEVM into a permissionless system. This transformation would involve replacing the current network system with a proof-of-stake model for block validation and requiring validators to participate in the QBFT consensus algorithm.

The cross-chain protocol deBridge has launched deBridge Hooks, which enables real-time data transfer across blockchains. This feature primarily serves developers and protocols, allowing them to integrate cross-chain capabilities into their applications. The Solflare Wallet and the Solana-based DEX, Zeta Markets, are already utilizing this new feature.

The RWA tokenization platform Midas has announced that it has received an operational license in Liechtenstein, and now extends access to tokenized U.S. Treasury Bills and yield-based carry trade products to retail users. From now on, it has removed the $100,000 minimum investment requirement and the investor accreditation process for its mTbill and mBasis tokens, making them accessible to everyone.

The crypto broker Crypto.com has announced that it is suing the U.S. Securities and Exchange Commission (SEC), along with its chairman Gary Gensler and four commissioners, following a Wells Notice sent to the company by the regulator. The filing requests the court to prohibit the SEC’s unlawful extension of its jurisdiction over the secondary market sales of certain crypto assets on the Crypto.com platform. Additionally, Crypto.com has submitted a separate filing to both the CFTC and the SEC, seeking a joint interpretation affirming that the regulation of certain crypto asset derivatives falls solely under the CFTC’s jurisdiction.