The bill limits investments to Bitcoin exchange-traded products only but includes various state funds such as pensions and insurance.

North Carolina House speaker files bill for state to invest in Bitcoin ETPs

Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert 
Chinese yuan and Indian rupees into roubles for trade as Western sanctions 
persist. Faced with Western sanctions, Russian oil firms are actively turning 
to cryptocurrencies to move money between…

Russian oil companies rely on Bitcoin, Ethereum, and stablecoins for trades with China and India: report

The court&#8217;s decision could significantly impact FTX&#8217;s reorganization efforts 
and set a precedent for future bankruptcy claims in the crypto sector.
The post 3AC wins court approval to expand FTX bankruptcy claim from $120 
million to $1.5 billion appeared first on Crypto Briefing.

3AC wins court approval to expand FTX bankruptcy claim from $120 million to $1.5 billion

In a new video, CryptoSensei (@Crypt0Senseii)—the founder of the Cryptonairz 
community—laid out a comprehensive argument for why he believes XRP could soar 
to four- and even five-digit price territory. The video, titled “THIS WILL 
GUARANTEE A $1000 XRP PRICE,” focuses on ten key factors that, according to 
CryptoSensei, could significantly boost XRP’s adoption and market valuation in 
the coming years. #1 Regulatory Clarity For XRP CryptoSensei begins by 
underscoring the ongoing legal situation involving the US Securities and 
Exchange Commission (SEC) and Ripple Labs, mentioning the partial appeal of 
the court’s July 2023 ruling. While stressing that the appeal does not 
designate XRP itself as a security, he notes that “we still have the case 
against Brad and Chris [referring to Ripple executives] going.” The resolution 
of these legal hurdles, he argues, is crucial for broader institutional 
adoption within the United States. “If we want the type of movement we’re 
looking for inside the US, we need those things to come to an end,” 
CryptoSensei says, alluding to the potential for major banks like Bank of 
America, Wells Fargo, and BNY Mellon to officially engage with XRP once 
regulatory clarity is achieved. #2 Institutions Standing By To Use XRP The 
video highlights a series of statements from major financial institutions, 
including the CEO of BNY Mellon, who indicated that crypto custody and 
tokenized assets are among the bank’s future priorities. According to 
CryptoSensei, banks are “ready to jump in,” but are hesitant to make large- 
scale commitments without clear regulatory guidelines. He emphasizes that if 
XRP were to host “even 5 or 10%” of a multi-trillion-dollar global 
tokenization market, the price could reach four- or five-digit figures. #3 
Potential SEC Case Drops A noteworthy discussion point is the SEC’s recent 
trend of dropping cases (or opting not to pursue them) against certain crypto 
firms. CryptoSensei mentions that the Commission “dropped the case against 
OpenSea, Coinbase, [and] Robinhood,” suggesting a possible shift in 
enforcement strategy. “Is Ripple, in fact, next? … If the [former] Trump 
administration wants to stand by their word of working with the crypto 
industry and not against them, I do believe this is coming,” he posits. #4 
Tokenization Of Real-World Assets (RWAs) Central to CryptoSensei’s thesis is 
the growing trend of tokenizing traditional assets—ranging from real estate to 
debt instruments—on blockchain networks. He cites Ripple Chief Technology 
Officer David Schwartz, who says the XRP Ledger (XRPL) could be “a really good 
platform” for these tokenization projects, thanks to its low fees, integrated 
decentralized exchange (DEX), and multi-asset support. Schwartz explained: “If 
someone’s going to buy or sell tokenized real-world assets, they want to be 
able to do that with whatever asset is convenient for them.” CryptoSensei 
further highlights how Robinhood’s documentation from January 2025 (mentioned 
in the video) cites Ripple’s success in tokenizing hundreds of millions of 
dollars in real-world assets on the XRPL—projects that aim to expand into the 
billions and eventually trillions. #5 Interoperability Bridges Another 
critical piece is interoperability. CryptoSensei references the Axelar 
network, which is bridging the XRPL mainnet, the XRP Ledger EVM sidechain, and 
over 55 other blockchains. The expansion of cross-chain liquidity is described 
as “liquidity, liquidity, liquidity.” He points out that the XRPL’s 
design—integrating DEX functionality directly into the protocol—simplifies 
asset swaps and liquidity provisioning, boosting its appeal for large-scale 
tokenization. #6 Cross-Border Payment Solutions Ripple’s long-standing focus 
on remittances and cross-border payments also features prominently. 
CryptoSensei shows a clip describing how a US-to-Mexico corridor, facilitated 
by XRP, can settle in mere minutes at a fraction of legacy fees. “All of that 
takes about 10 minutes, which used to be three days,” says a Ripple 
spokesperson in the included clip, also noting that these transactions can be 
up to “20-odd basis points cheaper.” He argues that such improvements in speed 
and cost will eventually outcompete outdated correspondent banking rails, 
potentially capturing a significant portion of the multi-billion-dollar global 
remittance market. #7 Collaborations With Key Global Institutions In the 
video, CryptoSensei showcases the Bank for International Settlements’ (BIS) 
Cross-Border Payments Interoperability and Extension Task Force, listing 
Ripple alongside only a handful of major international payment networks—such 
as Mastercard, SWIFT, and EBA Clearing. He emphasizes Ripple’s unique position 
as the only blockchain infrastructure provider on the roster, describing it as 
a testament to the company’s significance in shaping next-generation payment 
standards. #8 Treasury Market On XRP Ledger Referencing Ondo’s tokenization 
initiatives, CryptoSensei highlights the possibility of US Treasuries 
migrating onto blockchains, potentially including the XRP Ledger. He notes the 
US Treasury market alone stands at over $28 trillion, while globally, the bond 
market encompasses roughly $130 trillion. “Could you imagine five or ten 
trillion dollars finding its way onto the XRP Ledger over the next five to ten 
years?” he asks, suggesting even a fraction of that capital would profoundly 
affect XRP’s valuation. #9 Derivatives Expansion According to the video, 
derivatives—often said to represent notional values in the hundreds of 
trillions to over a quadrillion dollars—are a prime target for on-chain 
tokenization. CryptoSensei points to Bitstamp, which is building a derivatives 
exchange on the XRPL. He believes that capturing a slice of these massive 
markets could drive significant demand for XRP, especially if large holders 
lock up tokens for long-term liquidity provisioning. #10 Central Bank Digital 
Currencies (CBDCs) Finally, the pundit underscores Ripple’s work with various 
central banks on CBDC pilots. He cites projects under the Hong Kong Monetary 
Authority (HKMA) and notes that Ripple was recently named the top technology 
provider for CBDCs by Juniper Research. From the Bank of International 
Settlements to major economies in Asia, CryptoSensei posits that the 
institutional relationships Ripple has forged place XRP in a strategic 
position to bridge disparate currencies and networks. “Ripple is working with 
up to 30 central banks,” he states, emphasizing that these ongoing 
partnerships may open doors for XRP to serve as a liquidity tool in sovereign- 
level digital currencies. While some of the claims—such as XRP reaching “four 
or five digits”—are extremely bullish and hinge on multiple converging 
factors, CryptoSensei remains steadfast: if even a few of these catalysts 
unfold in Ripple’s favor, he envisions a drastically higher valuation for XRP. 
Throughout the video, he stresses that regulatory clarity in the United States 
is the linchpin to unlocking widespread adoption. “If all of these things 
happen,” he concludes, “you better believe we’re looking at a four to five 
digit price.” At press time, XRP traded at $2.31. Featured image created with 
DALL.E, chart from TradingView.com

Crypto Pundit Claims XRP Will Hit $1,000 – Here’s The 10 Reasons Why

A market intelligence platform has attributed the drop in crypto-wide trading 
volume since Feb. 27 to &#8220;exhaustion, hopelessness, and capitulation.&#8221; 
&#8216;Diminishing Trader Enthusiasm&#8217; According to Santiment, a market intelligence 
platform, the drop in crypto-wide trading volume since Feb. 27 can be 
attributed to a combination of &#8220;exhaustion, hopelessness and capitulation.&#8221; 
Santiment adds the consistent decline […]

Santiment: Weakening Trading Volume May Signal Slowing Market Momentum

A US bankruptcy court has authorized liquidators of defunct crypto hedge fund 
Three Arrows Capital (3AC) to increase their claim against collapsed crypto 
exchange FTX from $120 million to $1.53 billion.
Chief Judge John Dorsey rejected FTX&#8217;s debtors&#8217; argument that the amended 
proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt 
to slow the bankruptcy proceedings.
In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, 
Dorsey opined that 3AC liquidators had provided sufficient notice of their 
claim and the possibility of amending it once they had analyzed all the 
available information. Any delay, he said, was caused by FTX&#8217;s failure to 
share relevant records promptly.
_Chief Judge John Dorsey has granted the motion by liquidators for defunct 
hedge fund Three Arrows Capital to increase their claim against FTX to $1.53 
billion. Source:_
&#8220;The evidence suggests that the delay in filing the Amended Proof of Claim 
was, in large part, caused by the Debtors themselves,&#8221; Dorsey said.
&#8220;The evidence also suggests that the Liquidators were diligent in attempting 
to obtain the information and that despite having the complete information in 
their possession, the Debtors repeatedly delayed giving it to them.&#8221;
3AC liquidators initially filed a $120 million claim in FTX&#8217;s bankruptcy case 
in June 2023. They later expanded it in November 2024, alleging claims 
including breach of contract, unjust enrichment, and breach of fiduciary duty.
The liquidators alleged FTX held $1.53 billion in the hedge fund assets that 
were liquidated to settle $1.33 billion in liabilities in 2022.
They argued that the transactions were avoidable, caused harm to 3AC creditors 
and that FTX debtors had delayed providing the information that would have 
uncovered the liquidation.
FTX debtors objected to the amended claim, saying that the original POC was 
insufficient to inform them about the nature and amount 3AC liquidators would 
be claiming and that it came too late and should be disallowed.
_**Related:**__**FTX filed for bankruptcy 2 years ago &#8212; What&#8217;s happening 
now?**_
Before its collapse in June 2022, Three Arrows Capital was once one of the 
industry&#8217;s largest crypto hedge funds, with over $3 billion in assets.
Its liquidators also pursued claims against collapsed crypto firm Terraform 
Labs through a $1.3 billion claim in Terra&#8217;s bankruptcy case.
At the same time, FTX, which filed for bankruptcy in November 2022, has been 
undertaking its own recovery efforts to reclaim funds.
In November last year, it filed a trio of lawsuits, one against SkyBridge 
Capital and its founder, Anthony Scaramucci, to recoup funds spent by former 
FTX CEO Sam &#8220;SBF&#8221; Bankman-Fried on sponsorship and investment deals.
Another suit was filed against crypto exchange Binance and its former CEO, 
Changpeng Zhao, to recover $1.76 billion worth of cryptocurrency sent to the 
exchange as part of a July 2021 repurchase deal.
Waves founder Aleksandr Ivanov is also in the crosshairs for $80 million worth 
of crypto sent to the Waves-based decentralized liquidity protocol by Alameda 
Research in 2022.
_**Magazine:**__**Crypto fans are obsessed with longevity and biohacking: Here 
&#8216;s why**_