Author: Token Flash
FTX Recovery Trust, the entity overseeing the bankruptcy estate of the collapsed crypto exchange FTX Trading Ltd Source link
Addentax Group, a Chinese international logistics firm, is negotiating the purchase of $800 million in cryptoassets such as Bitcoin and TRUMP. This may or may not be a play to negotiate tariffs, as another firm in this business did. The company’s press release did not mention any altcoins besides TRUMP. Whether Addentax finalizes this deal or not, it’s unclear what percentage of the $800 million will go to BTC or any other token. More Controversy Around the TRUMP Meme Coin Since China banned crypto mining in 2021, the industry has maintained a comparatively small presence in this economic powerhouse. Still,…
Bankrupt crypto exchange FTX will distribute more than $5 billion to creditors on May 30. The payout marks one of the largest single-day distributions in crypto bankruptcy history. Eligible creditors must have had an “Allowed” claim status as of April 11, 2025. They were also required to complete Know Your Customer (KYC) verification, submit tax forms, and select a distribution provider. FTX to Make the Biggest Single-day Distribution in May? The payment will focus on claims exceeding $50,000. Creditors who missed earlier rounds but completed compliance steps by the April deadline will also qualify for this distribution. Also, creditors who…
Bitcoin consolidates above $103,000 while Ethereum, Solana, and XRP retreat. Source link
In the decentralized finance (DeFi) world, Fluid DEX — an emerging decentralized exchange — has drawn major attention. Liquidity providers (LPs) in its USDC-ETH pool have reported losses of up to $19 million caused by the platform’s rebalancing mechanism. This incident has sparked debate across the DeFi community and raised serious questions about transparency and accountability in protecting users. Ethereum Volatility Triggers Losses for Fluid DEX Fluid DEX launched in October 2024, when ETH traded around $4,400. The platform promised to generate liquidity of up to $39 for every $1 total value locked (TVL), attracting many LPs to provide liquidity…
PI’s price has plummeted by 25% over the past 24 hours, marking a sharp decline just one day after the launch of its $100 million startup fund, Pi Network Ventures. Despite this major initiative, the market response has been lackluster, raising concerns about the PI token’s short-term price trajectory. PI’s Rally at Risk Amid Growing Bearish Control The PI/USD one-day chart readings suggest that this decline may not be over. As of this writing, PI’s price is on the verge of dipping below its 20-day Exponential Moving Average (EMA), an indicator of a sustained bearish trend. PI 20-Day EMA. Source:…
After the GENIUS Act failed in the Senate last week, legislators added a few bipartisan amendments. These represent significant concessions to the anti-crypto faction, with several important restrictions. In particular, they ban Big Tech firms from issuing and possibly even holding stablecoins. These amendments would increase stablecoin transparency and enable enforcement actions on noncompliant firms. Could the GENIUS Act Pass with New Amendments? Stablecoin regulations are a priority issue for US crypto regulation, and the GENIUS Act is currently the industry’s best hope for passing them. Although its success seemed likely last week, it failed in the Senate after stiff…
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. At COCA, we believe spending your crypto should feel just as easy—and just as rewarding—as spending cash. That’s why we’re excited to introduce COCA Cashback, turning every coffee run, subscription payment, and shopping spree into real crypto rewards — all built seamlessly into your COCA Visa Card. Starting today, you can earn: 5% cashback on everyday purchases 50% cashback on your…
Hong Kong has enacted new subsidiary legislation under its homegrown national security law, specifically strengthening Article 23 Source link
The Internet Capital Markets (ICM) tokens have flooded the market lately. Businesses and developers have launched around 12,000 app tokens in the past three days, leaving investors scrambling to keep up. Amid this surge, an expert has argued that these tokens represent Attention Capital Markets (ACM) and not Internet Capital Markets. He also outlined strategies for capitalizing on the meta’s potential and highlighting its long-term opportunities. How to Assess Internet Capital Markets Tokens: Expert Shares 6 Factors Yash Agarwal, co-founder of SendAI, shared his detailed analysis on X (formerly Twitter). He explained that the Internet Capital Markets imply real ownership…