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The FTX Recovery Trust explained on Thursday that it will distribute more than $5 billion to creditors starting May 30, 2025, as part of its court-approved Chapter 11 bankruptcy reorganization plan. Distribution Date Set for FTX’s $5B Creditor Repayment The distribution, the second under FTX’s reorganization plan, will pay creditors across multiple claim classes. Class … Read more
Data shows that Ripple’s stablecoin RLUSD has crossed the 300 million threshold in total issuance. By the close of April, RLUSD’s circulating supply expanded from 294 million to its present total of 312 million coins. RLUSD Supply Jumps Past 300M Coins Ripple’s dollar-linked stablecoin RLUSD has expanded its supply by 61.66% since March 31. Following … Read more
Cboe has filed to launch a U.S. spot exchange-traded fund (ETF) offering staking exposure to Tron’s native currency TRX, betting its decentralized design and $25 billion market can meet the U.S. Securities and Exchange Commission’s (SEC) evolving crypto standards. Canary’s New ETF Bid: Track TRX With Built-In Staking Rewards Cboe BZX Exchange has filed a … Read more
Veteran investor Jim Chanos has revealed that he is offloading Strategy’s stock while simultaneously buying bitcoin ( BTC). Selling Strategy Stock to Buy Bitcoin Veteran investor Jim Chanos has revealed that he is simultaneously betting on bitcoin ( BTC) against the stock of Strategy. The former hedge fund magnate said he has taken this approach … Read more
Having lingered above the $100,000 threshold for over a week, bitcoin’s analysts and enthusiasts are meticulously dissecting every price move in pursuit of hints about its next direction. Meanwhile, prediction markets assign a considerable likelihood of bitcoin preserving its six-figure status by year’s end. Prediction Market Frenzy Prediction marketplaces such as Polymarket—a decentralized, blockchain-based platform—and … Read more
Shortly after Pi Network announced the launch of a $100 million investment fund, the platform’s token, Pi, plummeted over 25% within 24 hours, dropping to $0.85. Pi Network Accused of Creating Hype to Boost Token Price On May 14, Pi Network announced the launch of a $100 million investment initiative aimed at advancing the utility … Read more
A transactional tax established in 2001 puts the Argentine crypto wallet ecosystem at risk, creating disadvantages compared to traditional financial institutions like banks. The industry expects President Milei to rectify this measure, but that has not happened yet. Argentine Crypto Wallet Providers in Disarray as Tax Puts Local Players in Checkmate The Argentine crypto industry, … Read more
A historic $600 billion trade agreement between the U.S. and Saudi Arabia has triggered a market-wide rebound, with crypto assets outperforming traditional equities. Bitcoin is now hovering near all-time highs as investor risk appetite returns ahead of Coinbase’s S&P 500 debut. Digital Assets Lead Market Rebound Amid Landmark Trade Deal and Softening Consumer Price Index … Read more
BTCS Inc. has arranged a financing facility of up to $57.8 million to purchase ether as part of its blockchain infrastructure expansion strategy, the company announced Wednesday. BTCS Eyes Ether Accumulation The Maryland-based blockchain firm, BTCS Inc. (Nasdaq: BTCS), issued an initial $7.8 million in convertible notes through ATW Partners LLC, with potential additional tranches … Read more
GnosisDAO acquired financial platform HQ.xyz for $15 million, rebranding it as Gnosis HQ to expand enterprise-focused Web3 financial tools, the company announced this week. GnosisDAO Acquires HQ.xyz for $15M The acquisition positions Gnosis HQ as a dedicated platform for crypto-native and traditional businesses seeking self-custodial payment solutions. It will offer a Visa corporate card accepted … Read more
