Author: NBTC
FTX has begun distributing over $5 billion in stablecoins to creditors, unleashing approximately 2% of the total stablecoin supply into the market. FTX is set to release over $5 billion in stablecoins to creditors starting today, May 30. This marks the second major repayment wave to reimburse users who lost access to their funds after the exchange’s collapse in November 2022. The initial announcement was made on May 15, with FTX confirming that distributions would start on May 30 and be completed within one to three business days, facilitated through BitGo and Kraken. (2/3) Eligible creditors should expect to receive…
TL;DR Velora launched VLR, a new token replacing PSP at a 1:1 ratio, adding governance features and distributing rewards based on liquidity provided. The project will migrate to Base, Coinbase’s network, attracted by lower costs and faster execution, with a gas-free swap tool active for three months. 10% of the total VLR supply will go to migration incentives, aiming to accelerate network effects without relying solely on its existing user base. Velora announced the launch of its new token, VLR, which will replace the current PSP token at a 1:1 ratio. The initiative includes staking rewards and will power cross-chain,…
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have asked a federal judge to approve a change in an order banning Ripple from selling certain coins and imposing a $125 million fine, a move that the parties said was necessary so they can move forward on a settlement. Ripple and the SEC stated in their petition to District Court Judge Analisa Torres of the Southern District of New York that “extraordinary circumstances justify this change.” The parties had challenged various aspects of the court’s decision in October. However, with the SEC adopting a more lenient stance on cryptocurrencies…
Singapore’s latest regulatory clampdown on offshore digital-asset firms has triggered a wave of urgent exits and staff restructuring among major crypto exchanges operating in the city-state without a license. Bitget and Bybit, both top-10 crypto exchanges globally by trading volume, are now preparing to shift operations out of Singapore, sources familiar with the matter revealed. Bitget will relocate staff to crypto-friendly jurisdictions such as Dubai and Hong Kong, while Bybit is weighing similar moves. Both exchanges declined to comment publicly. The move follows a final warning from the Monetary Authority of Singapore (MAS), which on May 30 issued a directive…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ethereum (ETH) is betting big on a future filled with rollups. But in typical Solana (SOL) fashion, the network is taking a different route—one that doesn’t just scale more blockspace, but bespoke execution environments with first-class developer control. You might also like: Warning to builders: L2s are leaking value, L1 appchains are the smarter bet | Opinion Enter network extensions, Solana’s most important—and misunderstood—infrastructure innovation to date. While they’re often compared to sidechains or dismissed as Solana’s…
The Blockchain Group (ALTBG), a tech firm that brands itself as Europe’s first Bitcoin Treasury Company, announced a share-issuance program worth up to 300 million euros ($342.5 million). The capital raise is structured as an at the market (ATM) program and backed by French asset manager TOBAM, a longtime investor in both bitcoin BTC$105,954.21 and the Paris-listed company on behalf of clients, Blockchain Group said in a press release. The program allows TOBAM to buy new shares at its discretion, based on daily market conditions. The price of each tranche will be the higher of the previous day’s closing price…
Mantle, a blockchain ecosystem with over $3 billion in total value locked, has introduced UR, a neobank designed to integrate traditional banking and decentralized finance (DeFi) into one platform. UR offers users a unified account to manage fiat and digital assets, enabling spending, saving, and investing through both systems. UR provides multi-currency accounts with Swiss International Bank Account Numbers (IBANs) in EUR, CHF, USD, and RMB. These accounts are backed 1:1 and issued by a Swiss-regulated financial institution. Users can spend funds using a Mastercard debit card and hold fiat and stablecoins together. The platform also uses tokenized deposits and…
Big news is brewing in the world of blockchain technology, specifically for anyone invested in or building on the Ethereum network. A significant proposal has emerged that could fundamentally change how the network operates, aiming for unprecedented levels of efficiency and scalability. This isn’t just a minor tweak; it’s a potential architectural shift that could redefine the future capabilities of the platform. Why is Vitalik Buterin Proposing a Major Change? During the recent Protocol Berg event, part of Berlin Blockchain Week, Ethereum co-founder Vitalik Buterin dropped a compelling idea: potentially replacing the network’s core execution engine, the EVM (Ethereum Virtual…
The XRP Ledger (XRPL) is gearing up for significant upgrades that could add exciting new features to the platform. According to a recent tweet by a Vet, a dUNL validator, Token Escrows is coming soon to XRPL, expanding real world utility. Token Escrows coming to the XRP Ledger ✅Currently only XRP can be escrowed. With this amendment assets like RLUSD, tokenized real world assets and meme coins can be escrowed as well.IOU + MPT support 🤗 pic.twitter.com/sSVRHuvIRJ — Vet (@Vet_X0) June 4, 2025 Up until now, only XRP could be escrowed on the ledger; however, this is set to change,…
The OFAC lifted the sanctions against Tornado Cash but the charges against Storm were not dropped. The legal defense team representing Storm intends to raise $2 million to facilitate the process through trial. The Ethereum Foundation (EF) has donated $500k towards the legal defense of Roman Storm, a co-founder of Tornado Cash, who was charged by the United States. The EF argued that Storm should not be criminalized for advocating for privacy through writing a mere computer code. Notably, the United States Office of Foreign Assets Control (OFAC) lifted its sanctions against Tornado Cash on March 21, 2025, following a…