Crypto

The agency’s affirmation comes after an internal memo signaled a shift in its stance against crypto mixers.

Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30. More than two-and-a-half years after filing for bankruptcy, cryptocurrency exchange FTX is moving forward with repaying users who have not had access to their funds. In a May 15 notice, the FTX Recovery Trust announced that it would begin disbursing funds to the second group of parties eligible under the exchange’s reorganization plan. Starting on May 30, FTX will send more than $5 billion to creditors “within 1 to 3 business days” through crypto firms BitGo and Kraken.  In accordance with the reorganization plan, FTX said five groups of “convenience classes” would receive between 54% and 120% distribution of assets. The repayment schedule for the next class of creditors will be “announced in due course,” and the debtors were expected to pay up to $16 billion if all claims were filed. Read more

Stablecoins could create new crypto use cases, especially for enthusiasts in developing countries, Aptos' head of ecosystem said. Stablecoin regulation is “the next catalyst” for the crypto industry and could lead to unprecedented “appetite from institutional investors,” according to Ash Pampati, head of ecosystem at the Aptos Foundation. In an interview with Cointelegraph at Consensus 2025 in Toronto, Pampati said that “the whole world outside of the United States […] has already jumped onto this [stablecoins],” adding that “the US is [...] at the doorstep.” “I really think about new use cases that can emerge because of the borderless nature of stablecoins, because of the efficiency of the dollar onchain,” he said. “If you're trying to send money to your friend in Nigeria, why do you have to go through a bunch of hoops?” Read more

The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform. Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration. The report, combined with the exchange […] The post Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing appeared first on CryptoSlate.

The value of Avenir's IBIT holdings have grown 30% after it recently bought 3.4 million more shares of the spot Bitcoin ETF.

Ukraine has edged closer to adopting Bitcoin as part of its national reserves, with MP Yaroslav Zhelezniak confirming a near‑ready bill. Binance has voiced support, yet open issues on tax, compliance and oversight suggest full crypto legislation may not be finalised until 2025. The post Ukraine Drafts Bill to Add Bitcoin to War Chest – Is a National Reserve Next? appeared first on Cryptonews.

At Consensus 2025, leaders from PayPal and MoneyGram pointed to regulation, real-world utility and trust as keys to stablecoin growth.

At a panel at Consensus 2025, TRM Labs' Ari Redbord discussed Coinbase’s response to their recent hack

Just days after DeGods founder Frank said he was departing as CEO, his Solana wallet was compromised and 16 NFTs were sold off.

US District Judge Analisa Torres denied a joint motion filed by the Securities and Exchange Commission (SEC) and Ripple for a proposed settlement to resolve the ongoing enforcement action over the sale of XRP.  Issued on May 15 and shared on X by lawyer James Filan, the denial does not terminate the parties’ settlement efforts […] The post Court denies SEC, Ripple settlement motion after finding procedural misstep appeared first on CryptoSlate.

Solana price hit resistance at $180, but soaring network activity and a megaphone chart pattern could catalyze a move to $210. Key Takeaways: Solana formed a megaphone chart pattern with a potential $210 price target. Solana’s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions. Read more

House Democrats have asked Treasury Secretary Scott Bessent to unseal suspicious activity reports dating from January 2023 that involve Trump-branded crypto tokens, World Liberty Financial, WinRed and America PAC, saying transparency is needed to assess influence-peddling and national-security concerns. The post House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30 appeared first on Cryptonews.

Telegram’s founder Pavel Durov has taken direct aim at Meta-owned WhatsApp, calling it a “cheap copycat” and accusing it of launching smear campaigns against his platform. His May 15 comments accompanied the announcement of a new $50,000 contest to showcase Telegram’s features. The competition will run until May 26. ‘Watered-down’ Durov said the contest will showcase […] The post Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority appeared first on CryptoSlate.

A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing "major victories" in the Senate negotiation.

A new draft of the GENIUS Act is being touted by Democrats as containing major concessions. The bill may receive a new floor vote in the coming days.

Swiss lender UBS, which manages over $1 trillion in assets, said wealthy clients have begun allocating up to 5% of their portfolios to crypto as a way to hedge against inflation and currency volatility. According to the Swiss bank’s 2025 Global Investment Returns Yearbook, affluent investors are diversifying beyond traditional assets by investing in Bitcoin […] The post UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise appeared first on CryptoSlate.

FTX has announced that distributions under its Chapter 11 plan will resume on May 30 2025. Eligible creditors in several claim classes who have completed KYC, tax submissions and onboarding with BitGo or Kraken have been set to receive cash payouts of 54-120 % within three business days. The post FTX to Deliver Up to 120% Creditor Payout in May 30 Second Distribution Wave appeared first on Cryptonews.

Bitcoin’s failure to break above $106,000 could be an early sign that a price reversal is beginning. Bitcoin's 36% rebound from $74,500 runs into resistance at $106,000. Bid-side liquidity is staking up on the downside near $93,000. Bitcoin (BTC) price has rebounded by 36% from its April 9, five-month low at $74,500. However, its failure to decisively break above $106,000 has sparked concerns about whether a sharp correction is possible in the coming days. Read more

The investigation began under former SEC Chair Gary Gensler and has continued under the current administration, according to the NYT, which first reported the story.

Elliptic has traced more than $27 billion in illicit USDT through Haowang Guarantee, a Telegram-based laundering hub linked to Cambodia’s Huione Group and North Korea’s Lazarus hackers. Although Telegram has blocked related accounts, over 30 comparable underground marketplaces remain operational. The post Telegram Crackdown Halts $27B Haowang Guarantee – Dark Markets Persist appeared first on Cryptonews.