Crypto News

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. ClassSource link

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

The latest draft of the U.S. Senate's stablecoin legislation includes enough changes that Democratic senators may now have an easier time getting back on board, though consumer advocates say it still falls short.The bill to set oversight and standards for stablecoin issuers sailed through the Senate Banking Committee with wide bipartisan support in March, but it hit a wall on the Senate floor last week as many Democrats raised objections. Chief among them were the conflicts that may be presented by President Donald Trump's own crypto interests and the possibility that big technology firms like Meta and social-media site X may be able to issue such tokens. "As the result of hard-fought negotiations, Democrats won major victories on a range...

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

A federal judge has blocked the SEC and Ripple’s joint settlement agreement in the case over XRP, escalating the legal drama and rattling momentum across the crypto landscape. Ripple-SEC Settlement Blocked as Court Denies Motion to Alter Final Judgment Judge Analisa Torres of the U.S. District Court for the Southern District of New York hasSource link