Crypto News
FTX Estate to Begin Repaying Main Creditors $11.4B in Cash by May 2025
The bankrupt cryptocurrency platform FTX aims to initiate repayments to primary creditors by May 30, 2025, deploying an $11.4 billion liquidity pool amassed since its 2022 downfall, Bloomberg revealed this week. Bankrupt FTX Creditors to Receive Payouts Having sought Chapter 11 protection in November 2022 amid a liquidity shortfall and fraud disclosures, the firm hasSource link
Bitcoin May be on 25% of S&P 500 Firms’ Balance Sheets by 2030: Architect Partners
Bitcoin is making its way from trading desks to corporate treasuries, and by the end of the decade, it could be standard practice, according to one analyst.“Across all the different strategies and implementations, I anticipate that by 2030, a quarter of the S&P 500 will have BTC somewhere on their balance sheets as a long-term asset,” Elliot Chun, a partner at Architect Partners, wrote in a market snapshot.The strategy—holding bitcoin as a treasury reserve asset—was unorthodox when Strategy, formerly known as MicroStrategy, first adopted it in August 2020. The firm framed BTC as a hedge against inflation, a diversification tool, and a way to distinguish itself in the market.Then CEO Michael Saylor’s highly public embrace of bitcoin transformed the company...
Terraform Labs Creditors Have a Month to Submit Claims for Losses
Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30.Source link
Bitcoin Mining Made Predictable: Soluna, Luxor Streamline Bitmine’s Growth
Soluna Holdings and Luxor Technology partnered with Bitmine Immersion Technologies to deploy a turnkey bitcoin mining solution that tripled operational capacity while mitigating risks tied to energy volatility and equipment costs. Bitmine Scales Mining Operations 3x via Soluna-Luxor Partnership Soluna Holdings and Luxor Technology Corporation have enabled Bitmine Immersion Technologies to triple its bitcoin (Source link
Chart of The Week: Will April Bring Good Luck or Fool’s Hope for Bitcoin?
It's a bloodbath for digital assets, with traders hitting the sell button, wiping out over $160 billion of the total cryptocurrency market cap since Friday. Few things have compounded as the first quarter of this year closes out, leading to the sell-off, including Trump's tariff threats, global economic concerns and the lack of a clear catalyst for the next leg up. However, if history is anything to go by, there might be some glimmer of hope heading into the second quarter, as April could bring a bullish setup for crypto.Based on the total percent return since 2010, April has brought in an average 27% return for bitcoin, marking it the third-best month, according to Barchart data. November and May were...