Crypto Biz: BlockFi Emerges from Bankruptcy, BlackRock's Bitcoin ETF Progress, and Worldcoin Payment Changes
Crypto lender BlockFi has emerged from insolvency and is now able to pay back some of its creditors, including FTX. BlockFi has lent FTX over $650 million, making it one of the exchange's largest creditors. FTX is considering its options, including selling the entire exchange or partnering with another entity to revive it. Meanwhile, BlackRock's spot Bitcoin ETF has been listed on the Depository Trust Clearing Corporation, potentially paving the way for approval by the SEC. Finally, Worldcoin is set to phase out USD Coin and begin paying its Orb Operators entirely in its native token, WLD.
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