The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims. The bankruptcy estate of the now-defunct crypto exchange FTX has dropped its bid to limit payouts to creditors in certain “restricted foreign jurisdictions.” On Monday, the FTX Recovery Trust filed a notice withdrawing its request to implement special procedures for jurisdictions such as China, which had been flagged as potentially restricted under the confirmed bankruptcy plan. “If and when the FTX Recovery Trust seeks to renew the relief requested in the Motion, the FTX Recovery Trust shall file a motion and provide notice in accordance with the applicable rules,” the notice states, adding that the motion has been withdrawn without prejudice. Read more
Over $1.3 billion was wiped out across the crypto market as traders shifted their focus to $100,000 as the last line of defense for Bitcoin. Key takeaways: Bitcoin price on Tuesday is down 17% from its all-time high, dropping under $104,000. Crypto liquidations totaled $1.3 billion in losses over the past 24 hours. Read more
Bitcoin gave up $104,000 for the first time in weeks, while traders warned of a return to sub-$100,000 levels and new buyers amassed unrealized losses. Key points: Bitcoin slips under $104,000 amid doubts over BTC price support. Price targets now include the CME futures gap at $92,000. Read more
AI systems drive crypto fraud while the industry relies on outdated postmortems. Real-time transaction defense must become infrastructure. Opinion by: Danor Cohen, co-founder and chief technology officer of Kerberus In 2025, crypto risk is a torrent. AI is turbocharging scams. Deepfake pitches, voice clones, synthetic support agents — all of these are no longer fringe tools but frontline weapons. Last year, crypto scams likely hit a record high. Crypto fraud revenues reached at least $9.9 billion, partly driven by generative AI-enabled methods. Meanwhile, in 2025, more than $2.17 billion has been stolen — and that’s just in the first half of the year. Personal-wallet compromises now account for nearly 23% of stolen-fund cases. Read more
Stablecoin settlement times vary wildly depending on their blockchain. Purpose-built payment chains must remain open, or they will repeat TradFi fragmentation. Opinion by: Neeraj Srivastava, chief technology officer at MNEE When they first emerged, stablecoins were pitched as a revolution in payments. Traditional banking rails often take one to four days to settle debit card transactions (and weeks for wire transfers) and charge you a hefty sum for the service. Stablecoin settlements wouldn’t just be faster and cheaper; they’d be near-instant and cost almost zero. Unfortunately, we can’t really claim they’ve lived up to that promise. While transaction settlement times have been significantly decreased, they still vary substantially depending on the blockchain used. Read more
Bullish’s new crypto options platform attracted $82 million in trading volume in five days, with participation from institutional traders. Cathie Wood’s ARK Invest increased its position in Bullish crypto exchange on Monday, purchasing about 238,000 shares worth around $12 million across its flagship funds. According to ARK’s daily trade disclosures, the ARK Innovation ETF (ARKK) bought 164,214 shares, the ARK Next Generation Internet ETF (ARKW) added 49,056 shares, and the ARK Fintech Innovation ETF (ARKF) acquired 25,076 shares. The move follows ARK’s purchases last week. On Friday, the investment firm acquired over $5 million worth of Bullish shares across multiple ETFs. Read more
Fellow miner IREN also signed a multi-year GPU cloud services contract with Microsoft worth $9.7 billion on Monday. Bitcoin mining company Cipher Mining surged more than 32% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners. The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads in two phases, starting in July and August next year, the Bitcoin (BTC) miner announced on Monday. Cipher Mining also posted a significantly narrowed net loss of $3 million and a rise in adjusted earnings of $41 million for the third quarter, compared to a net loss of $46 million and adjusted earnings of $30 million in the previous quarter. Read more
HyperUnit, the whale that made $200 million from the US-China tariff crash last month, is now betting on a rebound in Bitcoin and Ether, opening $55 million in long positions. The crypto whale that made $200 million from the US-China tariff-led crypto crash last month is now betting $55 million that Bitcoin and Ethereum will rise again. Crypto analytics platform Arkham was one of the first to identify the whale’s new long positions in an X post on Monday, which comprise a $37 million Bitcoin long position and an $18 million Ether long position on the decentralized derivatives exchange Hyperliquid. Referred to as the “Hyperunit whale,” the trader recently became famous for making $200 million by successfully predicting the US-China tariff market crash on Oct. 10. Read more