The FTX Recovery Trust has announced it will begin disbursing more than $5 billion to creditors from May 30. This payment round marks the second distribution to eligible parties as the firm continues its efforts to reimburse those affected by its collapse. Repayment Efforts In a May 15 release, the company’s bankruptcy estate categorized creditors […]
After last week’s triumphant surge past $100,000 following the promising news for a trade deal between the US and China, the current one began with another leg up for bitcoin but there was no all-time high despite the growing hopes. The meeting between the two great powers took place during the weekend, and they jointly […]
Around 26,500 Bitcoin options contracts will expire on Friday, May 16, and they have a notional value of roughly $2.7 billion. This week’s event is very similar to last week’s, as derivatives crypto trading has yet to pick up. Spot markets have seen solid growth with Bitcoin reclaiming six figures, but momentum appears to be […]
TL;DR Dogecoin’s rally has stalled in the past several days, but on-chain data suggests more upside movement could be around the corner. Perhaps the most bullish factor is the amount of DOGE purchased by whales in the past month, which has soared to over a billion. Activity Picks Up Popular crypto analyst Ali Martinez outlined […]
BNB Chain has surged to its highest daily decentralized exchange (DEX) volume in three months, hitting $3.22 billion in trades on May 14, according to DefiLlama data. This spike marks a notable resurgence in on-chain activity for the Binance-backed blockchain, hinting at renewed market interest amid broader ecosystem developments and strategic protocol upgrades. A Resurgence […]
TL;DR Just as the XRP Army celebrated the official ending of the legal case against the SEC, Judge Analisa Torres has denied the joint motion for an indicative ruling on their settlement. XRP’s price reacted with an immediate price drop, but Ripple’s CLO said the company has nothing to worry about. Judge Torres Rejects The […]
Binance, the world’s largest crypto exchange by trading volume, has now maintained a reserve ratio above 100% for 30 consecutive months. The streak was confirmed in the latest snapshot at Bitcoin block height 894,668, showing the company holding 616,886 BTC to back customer net balances of 604,410 BTC, equating to a reserve ratio of 102%. […]
On May 13, the healthcare company provided an update on its Bitcoin holdings and other key performance indicators (KPIs), reporting that it currently holds 3,808 BTC and has a Bitcoin Yield of 22% year to date. The firm’s Bitcoin holdings are valued at $395 million at current market prices. “We continue to accretively grow our […]
On May 14, the Ethereum Foundation announced the “Trillion Dollar Security Initiative” with the ambition of making Ethereum “civilization-scale infrastructure that securely underpins the internet and global economy.” The core goal is to upgrade Ethereum’s security to a level where billions of individuals would feel comfortable storing more than $1,000 each on the network, which […]
In the last seven days, Ethereum (ETH) has defied market odds and reversed its price trajectory, rallying to a level last seen in mid-February 2025. This surge in the value of the second-largest cryptocurrency comes amid aggressive accumulation from market participants and declining sell-side pressure. ETH Records Large Exchange Withdrawals According to a tweet by […]