In today's crypto news, the FTX Recovery Trust is set to disburse $1.6 billion to creditors by September 30, with various payout percentages for different claims categories. This trust has managed to accumulate $16.5 billion in assets for distribution, following previous payouts totaling $1.2 billion and $1.3 billion. Additionally, the European Union's latest sanctions against Russia now include restrictions on cryptocurrency platforms, marking a significant move to prevent crypto transactions for Russian residents. These sanctions are pending approval from all EU member states, highlighting the evolving landscape of crypto regulation. Moreover, new Dogecoin and XRP ETFs have exceeded market expectations on their debut, generating $54.7 million in trading volume, significantly higher than typical ETF launches. This surge is seen as a positive indicator for upcoming crypto-related ETFs awaiting regulatory approval.

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