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In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results.
Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in Bitcoin each to his reelection campaign.
Regulatory Fears Prompt Exodus Of Crypto Firms From US Winklevoss highlighted the significant financial toll that the Harris-Biden administration has imposed on the cryptocurrency sector, claiming that legal fees have reached $500 million.
This figure reflects the ongoing scrutiny from the US Securities and Exchange Commission (SEC), which has pursued lawsuits and issued Wells Notices to several major players in the industry, including Binance, Ripple, and Coinbase.
As a result, many firms have incurred substantial legal expenses while defending against regulatory actions, raising concerns about the administration’s approach to cryptocurrency regulation.
The co-founder expressed alarm over the prospect of a Kamala Harris presidency, suggesting that her administration could perpetuate the current regulatory landscape characterized by enforcement rather than guidance.
Winklevoss stated, “Vote Trump and this spending in legal fees goes to $0. Vote Harris and this figure will balloon to billions.”
Cameron Winklevoss’ comments have sparked responses from various industry experts, underscoring the broader implications of regulatory strategies on innovation and growth within the sector.
Wayne Vaughan, a Bitcoin advocate and co-founder of the Tierion blockchain, echoed Winklevoss’s concerns, emphasizing that legal fees are only part of the damage.
Vaughan pointed out that many companies have left the United States or abandoned product developments due to fears of regulatory repercussions, reflecting a growing frustration within the crypto community regarding the perceived hostility of US regulatory bodies.
James Murphy on the other hand, a securities lawyer and long-time proponent of the digital asset sector, also weighed in, suggesting that Winklevoss’s estimate of $500 million in legal costs might be conservative.
Murphy noted that this figure does not account for settlements paid to the SEC by projects unable to sustain prolonged legal battles, further illustrating the financial strain placed on the industry.
Blockchain Association Calls For Leadership Change At SEC Bitcoinist previously reported that according to a report by the Blockchain Association, a crypto-focused lobbying group, the cumulative cost of crypto firms fighting SEC lawsuits over the past few years has reached around $426 million.
This report, published on October 31, criticized the SEC’s “regulation by enforcement” approach, which it argues stifles innovation and economic growth. The association highlighted not only the legal expenses but also the job losses resulting from the regulatory environment.
The Blockchain Association called for a change in leadership at the SEC, framing the current regulatory strategy as a form of “lawfare” that undermines the potential of the crypto industry.
Kristin Smith, the group’s CEO, urged cryptocurrency users and developers to advocate for leadership change, although she did not specify any political affiliations or candidates in her message.
The daily chart shows the total crypto market cap valuation rise on Tuesday. Source: TOTAL on TradingView.com Featured image from DALL-E, chart from TradingView.com
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Robert Kiyosaki, a renowned entrepreneur and investor who supports Bitcoin and is also well known for authoring the popular book “Rich Dad Poor Dad,” has issued a tweet discussing the growing significance of BTC under the current economic conditions in the U.S.
He shared an investment plan that he has been following with his X audience, which includes regular Bitcoin investments.
Kiyosaki on Bitcoin and "fake US dollars"Financial guru Kiyosaki revealed that he has been “hiding real money,” which he calls gold and silver. According to his tweet, he now owns “tons of gold and silver” AS, in 1985, he also began to buy his own gold and silver mines.
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The investor reminded the audience that U.S. dollars are not currently backed by anything, hinting that the gold standard was removed. Now, aside from gold and silver, he also saves the digital gold. He said, “I save Bitcoin.”
WHO CARES? I watch in amusement as so called “experts” debate Gold vs Bitcoin. I was fortunate enough to realized “We The People” were being “F’d” by our own government in 1965.
In 1965, when I was 18 years old, I could see “copper” on the edge of our “silver” coins. Only 18…
— Robert Kiyosaki (@theRealKiyosaki) November 28, 2024 Kiyosaki took a jab at those running the U.S. Treasury – Janet Yellen – and the Fed; both are run by people who are similar to his “poor dad” caricature from his aforementioned book. The “poor dad” is a composite image of someone who has little or no financial literacy and relies on a poorly managed economy, while the “rich dad” from the book is a generalized way to discuss people who do not just save money that gets devalued quickly but use it to boost their wealth with profitable assets.
It is no wonder, Kiyosaki said, that “poor dads” Yellen and the Federal Reserve have triggered the U.S. to become “the biggest nation debtor in history.” He then expressed his take on the current purchasing power of the USD that is the result of that growing debt: “Our dollar will soon be toilet paper.”
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Kiyosaki suggests buying Bitcoin to get richerIt is important under the current economic conditions in the U.S., he believes, to invest in coins every month, whether it is gold, silver or Bitcoin. If you do not know which you want to bet on, he says, just “buy one gold coin, or one silver coin, or one Bitcoin Satoshi.” Then he recommends setting a monthly goal of purchasing the chosen asset.
“Choose one coin, gold, silver, or Bitcoin….set a monthly goal….and get richer,” he said in the tweet.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
On-chain data indicates intriguing dynamics that may determine Shiba Inu's future course, indicating that the species is at a turning point. The data indicates that addresses holding positions within a narrow price range account for about 76 trillion SHIB.
The key question is whether SHIB is on the verge of a sharp decline or if this enormous concentration can serve as a stabilizing force. The Active Addresses by Profitability chart shows that at an average holding price of $0.000025, 78.96% of SHIB holders are currently in the money.
SHIB/USDT Chart by TradingViewThe current price of $0.00002599 is perilously close to critical resistance levels, indicating that many holders are sitting on profits. These profitable addresses might sell their holdings, putting pressure on SHIB, if it does not break higher. On the other hand, only 2 out of 35 holders are out of the money, indicating little to no capitulation to date.
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This suggests that the majority of investors are upbeat, but if SHIB's price falls below its important support levels, this could change rapidly. SHIB is displaying a bullish triangle pattern on the price chart, with immediate resistance at $0.000027 and support close to $0.000023.
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Though substantial volume and wider market support would be needed for this move, a breakout above $0.000027 might indicate a rally toward $0.000030. On the down side, if $0.000023 is not maintained, a more severe correction may occur, possibly aiming for the $0.000021 level.
The weeks that follow are very important for Shiba Inu. Should the token successfully emerge from its consolidation phase, it may spark renewed interest and draw in new funding. But in the absence of significant buying activity, there is a significant chance that the market will be dominated by profit-takers, raising the possibility of a sell-off.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark. On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. As Bitcoin fell below $80,000, US-listed spot Bitcoin (BTC) ETFs ended a five-day influx of roughly $1.7 billion. According to SoSoValue statistics, Bitcoin funds had their first daily outflow in May of $277.5 million on Thursday.
According to Farside, the top two funds in terms of outflows were the Fidelity Wise Origin Bitcoin Fund (FBTC) with $129 million and BlackRock’s iShares Bitcoin Trust ETF (IBIT) with $98 million. In the midst of increased Bitcoin volatility, there was a dramatic shift in the flows into Bitcoin ETFs. On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark.
Mixed Investor Sentiment On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. Farside reports that since the fund’s introduction on April 8, 2026, there has been zero days of outflows.
With a 557% increase in client assets retained since debut, MSBT has amassed 2,920 BTC, valued at around $232.6 million. In addition to its flagship product, the Grayscale Bitcoin Trust (GBTC), the low-cost spot Bitcoin ETF known as the Grayscale Bitcoin Mini Trust ETF (BTC) was the only other Bitcoin fund to get inflows that day.
The 21Shares Canton Network ETF (TCAN), the first US-listed ETF to provide direct exposure to Canton Coin, the native utility token of the Canton Network, debuted on the Nasdaq with the Bitcoin ETF today.
After momentarily regaining “Neutral” the day before, the crypto market downturn sent the Crypto Fear & Greed Index into “Fear” on Friday at 38. The indicator is still much higher than its April average of 17 due to the 11% increase in Bitcoin over the last 30 days.
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Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.
Market maker giant Jane Street is again drawing intense attention in crypto markets, with experts claiming the firm’s “next target” may now be Ethereum (ETH).
The speculation comes after reports that Jane Street made several major adjustments to its positions during the week, following months of scrutiny tied to alleged trading manipulation connected to Bitcoin (BTC).
From Bitcoin Retreat To Ethereum Expansion Jane Street, one of Wall Street’s most active proprietary trading firms, reportedly reduced multiple Bitcoin-linked holdings in the first quarter (Q1) of the year, while meaningfully increasing its exposure to assets tied to Ethereum.
Jane Street’s position in BlackRock’s iShares Bitcoin Trust (IBIT) fell by 71% quarter-over-quarter to about 5.9 million shares, with a reported value near $225 million.
The firm also cut its stake in Fidelity’s Wise Origin Bitcoin Fund (FBTC), where holdings fell approximately 60% to around 2 million shares, valued at nearly $115 million at quarter-end.
The reduction also extended to Strategy (previously MicroStrategy). Jane Street’s Strategy holdings fell from about 968,000 shares in Q4 2025 to roughly 210,000 shares by the end of Q1. The reported value declined from close to $146 million to around $27 million.
But while the firm was dialing back Bitcoin exposure, it was simultaneously building its Ethereum footprint. Jane Street expanded its holdings in Ethereum ETFs, with positions in BlackRock’s iShares Ethereum Trust nearly doubling during the quarter.
The firm also added substantially to Fidelity’s Ethereum fund. Combined additions across the two ETH products were estimated at approximately $82 million.
Smaller Derivatives, Bigger Impact? The move is now being framed by analysts as a potential continuation of the same pattern some observers associate with Jane Street’s earlier Bitcoin-linked controversies.
Analysts at Bull Theory suggested that the firm behind a “daily 10 AM Bitcoin dump,” the same firm that was reportedly sued for insider trading in the $40 billion LUNA collapse, and the same firm with $567 million frozen by Indian regulators could now be targeting Ethereum.
Their central argument is that ETH may be easier to move than BTC, primarily because of market structure and scale. Bull Theory pointed out that Bitcoin futures open interest stands at roughly $60 billion, while Ethereum’s is slightly more than half at about $34 billion.
The thesis is that a smaller derivatives market can make it possible to influence price with a smaller amount of capital. They also emphasized relative market size, noting that ETH’s market cap is $273 billion compared to BTC’s $1.6 trillion. Under their logic, the same amount of capital would create 6 times greater price impact in ETH.
The analysts also argued that the Ethereum ETF market is still relatively early. They claimed that Bitcoin ETFs hold roughly 6.67% of all circulating BTC supply, while Ethereum ETF penetration is lower, meaning there may not yet be the same institutional “demand floor” to absorb coordinated selling.
Their conclusion was pointed: they believe the rotation into Ethereum is not happening primarily because Jane Street is forecasting bullish fundamentals for ETH, but because Ethereum is “easier to move.”
The daily chart shows ETH’s attempt to reclaim the key $2,300 level as support. Source: ETHUSDT on TradingView.com At the time of writing, ETH was trading at around $2,292, with almost no change from Wednesday’s price. Meanwhile, other assets such as Bitcoin and XRP saw gains of around 2% and 4% respectively during the same period.
Featured image created with OpenArt, chart from TradingView.com
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14. The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT. The US spot Bitcoin exchange-traded fund market is about to see net outflows for the year after six days of withdrawals that began on Friday. After Friday’s market loss of $105.2 million—$68.9 million for BlackRock’s iShares Bitcoin Trust (IBIT) and $36.3 million for Fidelity Wise Origin Bitcoin Fund (FBTC)—net inflows into Bitcoin ETFs for 2026 have decreased to $536 million.
Withdrawal Streak Shrinks 2026 Inflows The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14, when the last net inflow was reported, even though no other Bitcoin ETF based in the US saw a change in flows.
It is possible to gauge the level of institutional interest in Bitcoin and the flow of new money into the cryptocurrency market by looking at the net inflows into US spot Bitcoin ETFs. The first quarter saw a 70% reduction in Bitcoin ETF holdings at institutional market maker Jane Street and a 10% reduction at investment bank Goldman Sachs.
The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT, however the industry as a whole is still seeing net inflows for 2026.
While most of its rivals have seen a decline in 2026, its inflows this year are not expected to surpass the $25 billion it received in 2025. So far in 2026, there have been net outflows from US-based spot Ether ETFs, and new altcoin ETFs have failed to meet the same level of demand as their predecessors.
The Morgan Stanley Bitcoin Trust ETF (MSBT) is one encouraging trend; it debuted on April 8 and has received $264 million in net inflows so far.
A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Bitcoin (BTC) starts its first full trading week with no new CME futures gap on the chart. The shift ends an eight-year market quirk that traders relied on to forecast short-term price targets.
The Chicago Mercantile Exchange (CME) moved its regulated cryptocurrency futures and options to around-the-clock trading on May 29. The change removed the weekend closure that had produced visible price gaps since Bitcoin futures launched in December 2017.
Why the CME Gap Mattered for Bitcoin TradersFor nearly nine years, CME Bitcoin futures closed every weekend while spot exchanges and offshore perpetual markets kept trading.
Any weekend move produced a chart gap when futures reopened. Price often returned to fill it within days or weeks.
Historical fill rates ranged from 70% to more than 90%. The pattern became one of the most watched short-term signals in crypto.
The structure also frustrated institutions, which could not adjust hedges over weekends on a regulated venue.
Bitcoin CME Futures. Source: X/Daan Crypto Trades “BTC Closed last weekend’s CME gap and is now trading in the big area between the other few remaining gaps. This weekend, 24/7 trading starts for the Bitcoin CME futures so there won’t be any new gaps created anymore going forward. The ones left standing will of course still sit there on the chart,” wrote analyst Daan Crypto Trades.
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What Changes Under Continuous TradingCME now runs Bitcoin, Ether (ETH), Solana (SOL), and six other contracts continuously. Daily maintenance windows run two minutes on weekdays and two hours on Saturdays.
The shift gives portfolio managers, ETF issuers, and corporate treasuries a regulated channel to hedge weekend exposure in real time.
“Client demand for risk management in the digital asset market is at an all-time high, driving a record $3 trillion in notional volume across our Cryptocurrency futures and options in 2025,” read an excerpt in the announcement, citing Tim McCourt, CME Group’s Global Head of Equities, FX and Alternative Products.
The expansion follows record activity across CME crypto products during 2025.
Bitcoin Volatility futures, a new contract tracking 30-day implied volatility, are scheduled to debut on June 1.
Where the Market Sits NowBTC traded near $73,441 on Sunday, down 3.7% on the week, after the quietest weekend in recent memory.
Bitcoin (BTC) Price Performance. Source: BeInCryptoThree legacy gaps stay open on the chart. Two sit above current price near $78,500 and $80,000, and one below in the $67,000 to $70,000 zone.
THE CME GAP ERA JUST ENDED🧵
CME Bitcoin futures will now trade 24/7 just like perps.
But $BTC still has 3 UNFILLED gaps left:
• $80K
• $78.5K
• Below $70K
And this is going live during active war tensions.
Here's what changes for you as a trader. pic.twitter.com/3bXlLx7hGV
— Wise Advice (@wiseadvicesumit) May 29, 2026 Whether those gaps still pull price action under continuous trading is the first real test of the post-gap era.
Early CME volume and open interest on Monday will signal how quickly institutions adapt their playbooks.
Belgian prosecutors have opened an investigation into Wise’s accounts over possible money laundering tied to fraud, drug trafficking, and corruption. The news sent the London-listed fintech company’s shares sliding sharply, rattling investors who had only recently started feeling comfortable with the company’s compliance track record.
The investigation lands at an awkward moment. Wise had just spent the better part of two years trying to clean up its regulatory image, completing a remediation plan with Belgian authorities and settling AML deficiencies in the US. Now, prosecutors in Brussels are poking around again, and the market is not exactly giving the company the benefit of the doubt.
Belgium has been a compliance headache before This isn’t Wise’s first brush with Belgian regulators. Back in 2022, the Belgian National Bank flagged that the company was missing proof-of-address documentation for hundreds of thousands of customer accounts.
Wise entered into a formal remediation plan and confirmed by late 2024 that it had completed the required fixes. The Belgian National Bank’s findings from November 2024 highlighted these earlier shortcomings, but the company appeared to be moving past the episode.
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The new investigation by the Brussels Public Prosecutor’s office takes things to a different level. Regulatory findings about missing paperwork are one thing. A criminal probe into whether accounts were used for money laundering connected to drug trafficking and corruption is quite another.
A pattern of regulatory settlements Belgium isn’t the only jurisdiction where Wise has had to answer uncomfortable questions about its compliance infrastructure. In July 2025, the company’s US subsidiary settled with six states for $4.2 million over deficiencies in its anti-money laundering program.
The $4.2 million US settlement covered AML program shortcomings, not allegations of actual criminal activity flowing through the platform. The Belgian investigation, however, raises the stakes considerably by drawing a direct line between Wise accounts and potential proceeds from serious crimes.
The broader fintech compliance reckoning Wise is not the only European payments company under the microscope right now. The Brussels Public Prosecutor’s office also opened a money-laundering investigation into Worldline’s Belgian unit on or around June 27, 2025, citing media allegations that the French payments processor had been processing payments for illegal activities. Worldline’s shares fell as much as 10% on that news, coming on top of earlier drops as steep as 38%.
The parallel investigations suggest a broader regulatory sweep across payment processors operating in Belgium.
For Wise specifically, the Belgian probe creates a credibility problem. The company had presented its completed remediation plan as evidence that it had turned a corner on compliance. A criminal investigation suggests that prosecutors believe there may be more to the story than outdated address records.
The key variable to watch is whether prosecutors ultimately bring formal charges or whether the investigation results in a settlement or remediation order. A settlement, even a large one, provides closure. Formal charges open up the possibility of restrictions on Wise’s Belgian operations, which could have knock-on effects across the company’s European business.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wise plc, the London-listed international payments company formerly known as TransferWise, saw its shares crater on June 1 after the Bureau of Investigative Journalism reported that Belgian prosecutors had opened an investigation into the firm’s operations. The probe centers on allegations that Wise accounts were used to launder approximately €500 million, roughly $583 million, connected to fraud, drug trafficking, and corruption across multiple European countries.
Shares plummeted as much as 20% intraday before clawing back some losses. By the closing bell, the stock had settled around 9-15% lower.
What triggered the investigation The Belgian investigation was reportedly sparked by hundreds of cross-border judicial requests that flagged suspicious transactions flowing through Wise accounts. The scope is notable: €500 million in potentially illicit funds allegedly tied not just to garden-variety fraud, but to drug trafficking and corruption across European jurisdictions.
Wise Europe, the company’s EU operations arm, is headquartered in Belgium. Belgium serves as Wise’s gateway to the broader European market through the financial services passporting framework, which allows a firm regulated in one EU member state to operate across the bloc.
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Wise confirmed it is cooperating with the Brussels prosecutor’s office. The company characterized the engagement as part of routine regulatory interactions and noted that the queries are still incomplete, with no definitive findings reached.
This isn’t Wise’s first compliance headache in Belgium. Back in 2022, the National Bank of Belgium required the company to implement a remedial action plan to address gaps in customer verification and due diligence procedures. Those gaps reportedly affected hundreds of thousands of users.
The compliance track record The 2022 remedial action from the National Bank of Belgium required Wise to fix verification and due diligence processes affecting a large portion of its user base. Whether those fixes were sufficient is now, implicitly, the question Belgian prosecutors are asking.
What this means for investors The intraday drop of roughly 20% tells you how spooked the market was by the initial report. The partial recovery to a 9-15% loss by close suggests some investors saw the selloff as overdone.
Belgian prosecutors have not announced any formal charges or conclusions. Wise has emphasized cooperation and the absence of definitive findings.
If Belgian authorities determine that Wise’s controls were materially deficient, it could trigger enhanced scrutiny from regulators in other EU member states where Wise operates under its Belgian passport. A finding in Belgium doesn’t stay in Belgium when your entire European operation runs through Brussels.
Investors should watch for two things in the coming weeks: any formal communication from Belgian prosecutors about the scope and timeline of the investigation, and whether other European regulators initiate parallel reviews of Wise’s operations in their jurisdictions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews reported on June 1st that, according to City AM, cross-border remittance platform Wise is under investigation by Belgian prosecutors for allegedly violating anti-money laundering regulations due to its accounts being involved in the alleged transfer of approximately €500 million in illicit funds. The investigation involves hundreds of international criminal cooperation requests from over 30 European countries. Following the announcement, Wise's stock price fell by approximately 15% to 796 pence in London trading. The investigation focuses on Wise's European operations managed by its Brussels office, excluding approximately 3 million UK users. Wise stated that it is cooperating with Brussels prosecutors and regulatory and law enforcement agencies, and that about one-third of its employees are dedicated to combating financial crime. Previously, in 2025, Wise's US subsidiary was fined a total of $4.2 million by regulators in six states for compliance deficiencies.
PANews reported on June 4 that Lassie, an AI company founded by former Robinhood and Superhuman employees Steijn Pelle and Frédéric Renken, has completed a $35 million Series A funding round, led by a16z, with participation from Night Capital, the founder of Superhuman, the co-founder of Plaid, and the co-founder of Wise, bringing the total funding to $47 million.
Before writing the code, the two co-founders worked manually for months at a dental clinic, handling insurance claims and reconciliation payments. Lassie now operates in over 700 clinics across 49 states in the US, saving owners over 250,000 hours of administrative work annually. Alex Rampell, general partner at a16z, joined the Lassie board. Lassie's AI agent directly accesses the clinic's insurance portal, retrieving reimbursement data, reconciling accounts, updating system records, and verifying bank funds, completely replacing human intervention rather than adding a software layer.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
BlackRock launched the iShares Bitcoin Trust (IBIT) ETF on January 11, 2024, the same day that Fidelity launched its Fidelity Wise Origin Bitcoin Fund (FBTC). Despite launching on the same day, there is a huge gap between the two ETFs in terms of inflows, fees, and the assets under management (AUM).
BlackRock dominates other Bitcoin ETFs with the highest net assets of $47 billion, with Fidelity trailing at a far second with $11.30 billion in net assets.
IBIT’s dominance comes when institutional inflows towards Bitcoin ETFs could rise if the CLARITY Act gets approved before 2026 ends, hence the question: Can FBTC surpass IBIT in inflows and net assets, or will IBIT remain the biggest Bitcoin ETF on Wall Street?
A Deep Dive into BlackRock’s IBIT ETF IBIT started trading 30 months ago, and it has already amassed $47.95 billion in net assets, which accounts for 61% of all the net assets accumulated by all 13 Bitcoin ETFs that trade in the US.
CoinGape also reported that the SEC has approved a filing by BlackRock for a Bitcoin Premium Income ETF.
BlackRock’s IBIT ETF has also recorded $62 billion in cumulative inflows since it was launched, and this is six times higher than the second-largest BTC ETF by net assets.
This ETF charges a fee of 0.25% to investors to seek exposure to Bitcoin through it, and it closed trading on June 18 at a price of $35. The June 18 closing price marks a 50% from the 52-week high of $71.
The dropping Bitcoin price has also affected the returns on IBIT, with BlackRock’s official data showing that holders have seen negative returns of 18% in one year. However, investors who have held since inception on January 11 have a return of 21%.
IBIT Bitcoin ETF The chart above also shows that IBIT’s benchmark that compares the difference in performance with Bitcoin is at 0.27%, suggesting the ETF is giving almost the same returns as holding Bitcoin would.
IBIT’s Technical Analysis IBIT’s daily chart shows that the ETF opened the year trading at $50, and the 30% drop that has been seen since then has led to IBIT establishing support at $34.
The RSI reading of 35 shows that the momentum is bearish, and IBIT might continue dropping if the price of Bitcoin does not register an upside.
However, this RSI reading of 35 suggests that sellers might soon become exhausted, and that would give IBIT room to recover.
IBIT Price Chart The volume bars that have been red for four straight days confirm that sell-side pressure has indeed been behind IBIT’s drop in market price, and if this continues, the Bitcoin ETF might retest this support of $34.
Fidelity’s FBTC Bitcoin ETF Overview Fidelity’s FBTC is the second-biggest Bitcoin ETF with net assets of $11.30 billion and a cumulative net inflow of $10.46 billion per SoSoValue data.
FBTC holds 0.89% of Bitcoin’s market cap, and while it trails behind IBIT’s 3.79% share, Fidelity charges the same 0.25% fee on the ETF.
FBTC is listed on the CBOE Exchange, and it closed trading on June 18 at a price of $54 and that is a 50.9% drop from the 52-week high of $110.
FBTC Bitcoin ETF Fidelity says that FBTC offers 0.00087048 BTC per share, and that means that at the current price of Bitcoin of $64,000, an investor with 1 FBTC share holds $55 worth of Bitcoin.
Just like with IBIT, an investor who has held FBTC since it started trading in January 2024 has a return of 21%. However, FBTC’s loss of 30% in the last year is higher than IBIT’s loss of 18%.
FBTC’s Technical Analysis The daily chart for FBTC shows the ETF has dropped from $71 on May 11 to $35 at press time, and this mirrors Bitcoin’s drop from $82,000 on May 11 to $64,000 at press time.
The RSI of 35 shows that the momentum around FBTC is currently favoring bears, but the AO bars that are green but on the negative side show that these bears could be losing their grip.
FBTC Price Performance Compared to IBIT FBTC has established a support level of $52, but a move upward will only occur if bulls can push past the obstacle of $71.
Bitcoin Performance Relative to Bitcoin ETFs Spot Bitcoin ETFs have largely influenced Bitcoin price for the last 30 months, and the two biggest ones: IBIT and FBTC, have either sparked gains or drops.
IBIT flows have turned negative in the six months leading to June 2026, with outflows totalling $26 million per SoSoValue data. FBTC has seen the same performance, with $1.6 million in outflows within the same period.
The Bitcoin price chart shows that these outflows have pushed the price lower, with BTC moving from $87,000 in January 2026 to $64,000 in June 2026.
BTC Price Chart Zooming out on BTC’s chart to 2024, when the IBIT and FBTC ETFs started to trade, shows that the price of Bitcoin moved from $40,000 in January 2024 to $73,000 in March 2024, marking a 45% increase within three months.
That 2024 performance shows that the demand coming from institutions has assisted BTC’s price gains.
The RSI reading of 36 on Bitcoin’s weekly chart also suggests that the momentum is bearish as buy-side pressure fades, and this could be because fewer institutional investors are buying Bitcoin ETFs.
Which Bitcoin ETF Will Outperform? Both IBIT and FBTC track the price of Bitcoin, and that means that they give the same return depending on whether BTC is rising or dropping.
However, IBIT has the upper hand, and it is already outperforming FBTC in net assets and cumulative inflows. Its 61% market share will likely keep climbing because Fidelity does not have any advantage over BlackRock because the two ETFs charge the same fees.
Therefore, IBIT will likely outperform FBTC in net assets and inflows in 2026 as its market share dominance pulls in new investors.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Key NotesDelysium (AGI) defies the market slump with a 17% price surge in 24 hours.The token’s Bitvavo listing has led to a 550% spike in trading volume.AGI’s market cap climbs to $98.3 million, up by 22% . While the broader crypto market is facing a downturn on March 27, Delysium (AGI) has shown a 17% jump in its value in the past 24 hours. The surge follows AGI’s recent listing on Bitvavo, one of Europe’s leading crypto exchanges, bringing fresh liquidity to the token.
This major listing has resulted in a 550% surge in AGI’s 24-hour trading volume, indicating massive investor interest. According to CoinMarketCap, AGI is currently trading around $0.079 with a market cap of $98.3 million, up by over 22%.
Delysium aims to build a virtual world where humans and AI Virtual Beings interact on a blockchain. The project enables users to create AI-driven companions and non-player characters (NPCs). The AGI token underpins transactions, governance, and interactions within this metaverse-like ecosystem.
A few moments ago, Delysium shared its 2025 roadmap on X, stating that it has already integrated with Solana, alongside partnerships with Wormhole and Raydium. In quarter one, the team has also launched Delysium ONE, an AI-powered platform.
Delysium 2025 Roadmap: Accelerating the AI Agent Network
Q1 Achievements: $AGI integrated with Solana, alongside Wormhole and Raydium. Launched Delysium ONE.
Q2 Goals: Launch of a new $AGI staking pool, rollout of a platform under the You Know I Love You (YKILY) Network, and… pic.twitter.com/tYFpzuRFxF
— Delysium – $AGI 🟨 (@The_Delysium) March 27, 2025 In Quarter 2, the project plans to launch a new AGI staking pool, introduce a platform under the You Know I Love You (YKILY) Network, and upgrade the Lucy database, its flagship AI assistant.
The latter half of the year will focus on multi-model capabilities and advanced trading tools for Lucy. Delysium also aims to expand into more blockchain ecosystems, integrate with Web2 platforms, and drive user adoption through Lucy’s functionalities.
AGI Price Outlook On the daily AGI price chart, the MACD line has crossed above the signal line, confirming a bullish trend. The expanding green histogram indicates growing momentum. However, a narrowing gap between the MACD and signal lines could hint at a potential trend reversal.
Meanwhile, the price is trading near the upper Bollinger Band, indicating strong upward momentum. The widening bands signal increasing volatility, which could lead to a breakout.
Immediate resistance lies around $0.0781, with the next target near $0.10. The middle band (20-day SMA) at $0.0583 serves as support.
Additionally, the RSI also sits in a bullish range, nearing overbought territory. This suggests strengthening buying pressure and a possible rally.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
News
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the FTX estate.
The action was announced in an Apr. 28 press release. The complaints, filed in a Delaware bankruptcy court, accuse the two issuers of breaching their contracts by withholding assets that FTX claims are essential to its recovery efforts. FTX said it made repeated attempts to engage with NFT Stars and Delysium before turning to litigation.
“We urge token and coin issuers to return assets that rightfully belong to FTX,” the estate said in the statement. “Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors.”
(1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.
— FTX (@FTX_Official) April 29, 2025 FTX’s legal team, led by Sullivan & Cromwell LLP, warned that more lawsuits are expected if other issuers do not cooperate. As part of its larger asset recovery strategy, the estate is actively reaching out to other token and coin issuers and intends to file lawsuits against non-responsive parties.
The lawsuits come as FTX moves forward with its second round of creditor distributions. Following a bankruptcy court-approved plan in October 2024, FTX aims to repay 98% of creditors 119% of their claim values. The second round of payments, which includes Customer Entitlement Claims and General Unsecured Claims, is set to begin on May 30.
FTX collapsed in November 2022 after revelations that founder Sam Bankman-Fried misused $8 billion in customer funds. Under the leadership of bankruptcy specialist John Ray III, the estate has recovered between $14.5 billion and $16.3 billion to date.
The outcome of the lawsuits against NFT Stars and Delysium could play a role in further boosting creditor repayments as FTX pushes to close one of crypto’s biggest bankruptcy cases.
TLDR FTX has filed lawsuits against NFT Stars and Delysium (Kurosemi) for failing to deliver tokens owed under investment agreements The lawsuits seek return of over 83 million SIDUS, 831,000 SENATE, and 75 million AGI tokens, plus damages FTX made multiple attempts to resolve the disputes before turning to litigation The legal action is part of FTX’s broader strategy to recover assets for creditor repayments FTX warns other token issuers that it will pursue litigation if they don’t return assets that belong to the exchange The FTX Estate has opened a new chapter in its asset recovery efforts. The bankrupt crypto exchange filed lawsuits against token issuers NFT Stars and Kurosemi (doing business as Delysium) on Monday. These legal actions claim both companies failed to deliver tokens that were promised under investment agreements with Alameda Ventures.
Filed in U.S. Bankruptcy Court in Delaware, the complaints seek to force these companies to turn over tokens that FTX claims were purchased through Simple Agreements for Future Tokens (SAFTs). The lawsuits come as FTX works to recover funds for its creditors following its collapse in 2022.
“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement,” the FTX Estate said in its statement. This marks a clear escalation in the exchange’s recovery strategy.
The FTX collapse shocked the cryptocurrency world in November 2022. It came after revelations that around $8 billion in customer funds had been misused by executives to cover risky bets made by FTX’s affiliated trading firm, Alameda Research.
The Token Disputes According to court documents, NFT Stars and Delysium breached contracts by failing to transfer tokens despite FTX’s repeated attempts to resolve the issues outside of court. The complaints detail specific investment agreements that were allegedly violated.
In the case against Delysium, an AI agent blockchain project, FTX claims Alameda Ventures paid $1 million in January 2022 for the right to receive 75 million AGI tokens. The tokens launched in April 2023 with a vesting schedule, starting with 20% unlocking after a 12-month cliff period.
However, Delysium allegedly extended the vesting schedule unilaterally to 48 months and refused to transfer any tokens. A company representative reportedly stated in a public Discord message that they would not allocate tokens to FTX due to the bankruptcy proceedings.
The NFT Stars case involves a payment of $325,000 made in November 2021. This was for rights to 1.35 million SENATE tokens and 135 million SIDUS tokens. While NFT Stars initially delivered some tokens, it allegedly stopped further transfers after FTX filed for bankruptcy.
FTX now claims NFT Stars owes more than 831,000 SENATE tokens and 83 million SIDUS tokens. The exchange cites breaches of contract and violation of bankruptcy protections in its filing.
Between June 2023 and September 2024, FTX’s advisors attempted to contact NFT Stars 15 times and Delysium 13 times. According to the complaints, these contact attempts received no response.
FTX is seeking immediate return of the assets, damages for breach of contract, and sanctions for alleged violations of bankruptcy protections. This includes violations related to the automatic stay under U.S. bankruptcy law.
The lawsuits represent just one aspect of FTX’s recovery efforts. On February 18, 2025, the exchange began its initial distributions of recovered funds to holders of approved claims in its Convenience Class.
A second round of payments is scheduled to begin on May 30, with a record date of April 11. This distribution will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and additional Convenience Claims approved since the initial record date.
The bankruptcy estate’s initial distribution targeted “Convenience Class” claims under $50,000, reaching the majority of affected users. This is part of a creditor repayment program that could total more than $16 billion.
Sam Bankman-Fried, FTX’s founder and former CEO, was convicted of fraud and conspiracy charges and sentenced to 25 years in prison. The company’s recovery efforts continue under new management as it works through its restructuring plan.
FTX has warned that further lawsuits will be filed against token issuers who fail to cooperate with its asset recovery efforts. The company’s team continues to work to maximize recoveries for the FTX Estate and return funds to creditors.
Last month, FTX faced another challenge when Three Arrows Capital’s claim was increased from $120 million to $1.5 billion. This amendment followed new findings about Three Arrows Capital’s extensive dealings with FTX.
FTX files lawsuits against NFT Stars and Delysium, demanding promised token delivery. The legal push is part of its strategy to recover billions for creditor payouts. The next distribution is scheduled for May 30. FTX has reignited its legal offensive, filing fresh lawsuits against NFT Stars Limited and Kurosemi Inc., the entity behind AI gaming platform Delysium.
According to a court filing in the U.S. Bankruptcy Court in Delaware, the FTX Estate demands the return of tokens bought under clear investment agreements. After over a year of failed outreach attempts, the exchange has turned to the courts, signaling a new chapter in its battle to claw back lost assets.
“FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.” the company announced via its official X (formerly Twitter) handle.
FTX alleges that both companies repeatedly ignored over a dozen communications, refusing to comply with prior contractual obligations.
Details of the Agreements Reveal Multi-Million Dollar Breaches Court documents lay bare the financial skeletons. In January 2022, Alameda Ventures, now Maclaurin Investment, invested $1 million in Delysium’s AGI token through a Simple Agreement for Future Tokens (SAFT).
The agreement granted FTX 75 million AGI tokens. However, according to the lawsuit, Delysium moved the goalposts, extending the vesting period to 48 months without consent and then outright refusing token delivery.
On the NFT Stars front, FTX had paid $325,000 for 1.35 million SENATE tokens and 135 million SIDUS tokens. While some tokens were reportedly delivered, the rest were never transferred following FTX’s bankruptcy filing.The estate claims over 831,000 SENATE and 83 million SIDUS tokens remain missing, a breach of contract and bankruptcy protections under U.S. law.
A Delysium representative added fuel to the fire by publicly stating in Discord that no tokens would be sent to FTX due to ongoing legal uncertainty. This defiance, now documented in court, has turned what may have been a commercial disagreement into a high-stakes courtroom drama.
Second Round of Repayments Set as Legal Blitz Intensifies As the lawsuits unfold, FTX is preparing to enter the second phase of its creditor repayment plan. Set for May 30, this round includes Class 5 Customer Entitlement and General Unsecured Claims. To return 119% to 98% of eligible claims, FTX’s success in recovering withheld tokens could significantly impact final distributions.
Since its collapse in November 2022, which exposed the mismanagement of over $8 billion in customer funds, FTX has recovered between $14.5 billion and $16.3 billion. The exchange’s founder, Sam Bankman-Fried, was convicted and sentenced to 25 years in prison. Under the stewardship of bankruptcy veteran John Ray III, the FTX Estate has clawed back assets and implemented a strategic legal playbook that is now in full effect.
The recovery battle also mirrors a broader push for regulatory reform. In the aftermath, U.S. lawmakers have proposed the PROOF Act to enforce stricter reserve audits for exchanges. As FTX tightens its grip on missing assets, it could set a precedent for crypto bankruptcy recoveries and token accountability.
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FTX warns more lawsuits coming as it negotiates with other token issuers to recover assets for creditor repayments.
FTX has initiated legal proceedings against NFT Stars Limited and Delysium, seeking to recover digital assets allegedly withheld from its estate.
The lawsuits are the latest in its ongoing efforts to reclaim funds and maximize creditor recoveries following its collapse in November 2022.
Token Allegations The defunct crypto exchange announced on April 29 that it had filed two formal complaints after multiple attempts to engage with the firms in question were ignored. The suits allege that NFT Stars and Delysium failed to transfer tokens to which the firm is contractually entitled.
Legal filings in the case against Delysium state that Alameda Ventures, now Maclaurin Investment, paid $1 million in January 2022 for rights to receive 75 million AGI tokens. These coins officially launched in April 2023 with a vesting structure allowing 20% to unlock after 12 months, followed by quarterly releases.
However, Delysium allegedly changed the terms by extending the period to 48 months without FTX’s consent and refused to transfer any tokens, citing ongoing bankruptcy proceedings.
The complaint against NFT Stars claims that the exchange paid $325,000 in November 2021 to secure 1.35 million SENATE tokens and 135 million SIDUS tokens. While some coins were delivered before FTX’s bankruptcy filing, the company asserts that over 831,000 SENATE and 83 million SIDUS remain unpaid.
FTX alleges breach of contract and a violation of the automatic stay triggered by its bankruptcy protection.
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The company also confirmed that it is in discussions with several other token issuers and warned that further legal action would follow if they don’t cooperate.
Recovery Efforts These lawsuits come amid the defunct exchange’s broader recovery campaign, which has already seen some success. On February 18, 2025, the company began distributing recovered funds to creditors, starting with approved claims under $50,000 in the Convenience Class.
The next round of disbursements is scheduled for May 30, 2025, with the record date set on April 11. This one will cover Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and additional approved Convenience Claims.
The initiative follows a court-approved reorganization plan finalized in October 2024 that projects average recoveries of 119% per claim, with some creditors receiving up to 140% in cash. FTX estimates that total asset recoveries will range from $14.7 billion to $16.5 billion, aided by successful recovery efforts from the U.S. Department of Justice and global regulators.
The bankrupt crypto exchange FTX is suing two companies for allegedly not returning digital assets.
In a new statement, FTX says that it filed complaints in US bankruptcy court against token issuers NFT Stars Limited and Kurosemi Inc. for failing to provide FTX with “contractually entitled tokens” as part of a broader effort to recover assets for its creditors.
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“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement. Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage.”
The complaints demand that the companies turn over tokens that FTX claims were purchased through Simple Agreements for Future Tokens (SAFTs) by FTX’s affiliated trading firm, Alameda Research, via its venture arm, Alameda Ventures.
The complaints also seek punitive damages.
According to court filings, Alameda Ventures, now called Maclaurin Investment, is still owed 831,691 SENATE (SENATE) tokens and 83,169,187 Sidus (SIDUS) tokens from NFT Stars Limited, a non-fungible token (NFT) marketplace.
Maclaurin paid $325,000 for the right to receive a total of 1,354,166 SENATE tokens and 135,416,666 SIDUS token.
In the lawsuit against Kurosemi, the company behind artificial intelligence (AI) agent platform Delysium, FTX alleges Maclaurin paid $1 million to receive 75 million Delysium (AGI) tokens once the token was launched, subject to a vesting schedule. However, FTX says no tokens have yet been received.
The lawsuit also suggests that Delysium does not intend to transfer the tokens.
“In October 27, 2023, the moderator of the Delysium Discord channel wrote: ‘Due to [FTX’s] bankruptcy, we will not be allocating them the tokens.'”
FTX filed for bankruptcy in November 2022 after imploding amid accusations that its then-chief executive, Sam Bankman-Fried, mishandled the exchange’s funds by loaning out billions of dollars worth of customer deposits to Alameda Research.
PANews reported on September 22nd that Delysium released a preview of its community governance rules, aiming to provide a more efficient and fair decision-making and incentive framework for its blockchain-based AI agent network. Users can submit proposals by staking 10,000 AGI tokens, and voting requires an initial stake of at least 250 AGI. Proposals will be considered accepted if the first backer to accumulate 100,000 AGI tokens. A total reward pool of 10,000 AGI will be allocated, encompassing both proposal initiators and voters. Holders of DMA NFTs will receive additional voting weight and a bonus on reward distribution.
Delysium, a prominent Web3 + AI project developing a blockchain AI agent ecosystem, has partnered with University College London (UCL). In this respect, Delysium is collaborating with the Software Systems Engineering Team of University College London and Dr. He Ye from its Department of Computer Science. As per Delysium’s official social media announcement, this development is set to redefine standards for AI coding by leveraging GPT-5. Hence, the initiative is poised to substantially decrease LLM operational charges and enhance coding advancement across the globe.
Delysium is proud to announce an official partnership with the @ucl Software Systems Engineering Team and Dr. He Ye from the Department of Computer Science, aiming to advance AI coding standards.
We have reached a significant milestone: the integration of GPT-5 + Pass@1 has been… pic.twitter.com/SbkwUuJk5j
— Delysium – $AGI 🟨 (@The_Delysium) October 16, 2025 Delysium and UCL Collaborate to Unveil Prometheus Agent Using GPT-5 The partnership between Delysium and UCL attempts to innovate standards for AI coding by utilizing the GPT-5 technology. As a part of this development the successful development and testing of an open-source agent going by Prometheus. It has already achieved a resolution rate of up to 71.2%, getting the 8th rank worldwide, coming after OpenHandsDev. This robust performance displays the real-world abilities and the potential to set new standards when it comes to AI-assisted programming.
Additionally, Prometheus denotes a crucial step to developing cost-effective AI systems with the potential to handle complicated software engineering activities. By paying notable attention to multilingual capabilities as well as autonomous workflows, the collaboration intends to eliminate resource and language barriers for builders across the globe. Simultaneously, the initiative will also back the growth of YKILY Network and LycyOSAI platforms to broaden AI accessibility.
AI-Assisted Programming Enters New Epoch with Exclusive Benchmarks According to Delysium, the partnership with UCL is beyond a technological advancement, representing a shifting epoch in the AI-assisted programming sphere. The development also highlights the commitment of both the entities to setting unique standards to minimize dependence on costly proprietary solutions. Their mutual efforts could drive a wave of AI-led innovation to transform the writing, reviews, and deployment of the code globally.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Delysium, a popular AI-powered decentralized ecosystem, has announced an exclusive collaboration with University College London (UCL). The partnership is aimed at redefining AI coding by enhancing autonomy, openness, and cost efficiency with the launch of “Prometheus.” As Delysium’s official press release discloses, the joint effort is set to provide a robust solution for fragmentation across industrial and academic code agents. Hence, the development is anticipated to boost innovation, minimize operational charges, and establish a worldwide standard for intuitive software development.
Delysium is creating an open, autonomous agent network end-to-end resolution across a fragmented technological landscape.
This infrastructure is co-developed with @ucl SSE team via @Euni_AI to empower developers and drive innovation.https://t.co/hYSuhaBBVN
— Delysium – $AGI 🟨 (@The_Delysium) October 22, 2025 Delysium to Launch Prometheus, Offering Independent and Economic AI Coding Innovation The partnership between Delysium and University College London rolls out Prometheus. Prometheus is a unique multi-agent system that targets code repositories, converting them into intuitive knowledge graphs. This paves the way or improves issue resolution. By merging the comprehensive expertise of Delysium in large language models (LLMs) and the research capabilities, Prometheus brings new methodology to analyze as well as understand complicated codebases.
Additionally, it enables multi-lingual integration, multi-repository reasoning, and context-aware automation that conventional AI tools are deficient in. Moreover, in collaboration with UCL, Delysium’s release of Prometheus denotes a groundbreaking move to revolutionize AI coding. With the technical support from Delysium, the UCL team of Dr. He Ye has also built a dynamic issue resolution mechanism, as a part of this effort.
Revolutionizing Software Sphere via Autonomous AI Mechanisms According to Delysium, the initiative is dissimilar to conventional AI coding assistants and, rather than just suggesting fixes, it completely solves them. In the same vein, the move categorizes issues, comprehends the context via knowledge graph, as well as assigns expert agents for the handling of resolution. Overall, with this partnership, the duo attempts to transform software automation, leading to a new epoch of intelligent and completely autonomous systems to reshape the worldwide software development.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Delysium has taken another step toward building what it calls an “autonomous economy,” announcing a partnership with t54.ai to integrate x402secure.com into its YKILY Network. The move, revealed on Delysium’s X account, ties the project’s agent-focused infrastructure to x402, an open, internet-native payment protocol developed with heavy involvement from Coinbase, and promises to let AI agents pay each other directly for data, compute and API calls.
At the heart of the announcement is a practical problem that has dogged autonomous systems: how do you make automated software actors transact real value in a way that’s fast, auditable and safe enough for production? Delysium says the integration solves several pieces of that puzzle. By adopting x402secure, the YKILY Network and Delysium’s flagship agent, Lucy, will be able to execute agent-to-agent payments under an architecture that includes pre-settlement protections, verifiable transaction trails and liability safeguards, measures the partners say are necessary to scale beyond experimental demos.
x402 itself has been positioned in recent months as a standard for “internet-native” payments that revives the HTTP 402 Payment Required status and adapts it for modern, machine-to-machine flows. Built to make tiny, programmatic stablecoin transfers over simple HTTP requests, x402 is aimed squarely at API monetization, pay-per-use models and, increasingly, agentic economies where code, not humans, negotiates and settles transactions. Coinbase’s documentation describes x402 as a fast, chain-agnostic way to embed payments directly into the web stack, which helps explain why projects like Delysium and companies such as t54.ai are rushing to support it.
t54.ai, which has been promoting “x402-secure” as a trust and verifiability layer for agentic payments, will provide the supplemental tooling that aims to make those payments robust in real-world settings. Where x402 lays out the payment mechanics, t54.ai’s approach adds programmable trust primitives and auditability that organizations will likely demand before they let autonomous agents touch production budgets. That combination, a widely supported payments protocol plus a trust layer, is exactly what proponents argue is needed for machine-driven commerce to graduate from research labs to live operations.
Autonomous Agent Economy For Delysium, which has been developing the YKILY Network as a kind of “Stripe for AI agents,” this integration reads as both technical and strategic. The YKILY proposition centers on letting agentic systems coordinate, discover services, and settle for those services without human intervention; bringing x402 into that stack lowers the friction for agents to buy compute, access data, or call metered APIs in real time. Delysium’s broader roadmap, which highlights Lucy as the network’s agentic operating system and YKILY as the payments and collaboration backbone, suggests the team is prioritizing composability with emerging internet payment standards rather than building a wholly proprietary solution.
There are obvious questions about risk, regulation and liability. Delysium and t54.ai stress that the integration includes safeguards, pre-settlement protections, transaction trails and explicit liability measures, intended to make automated flows defensible to auditors and legal teams. Those protections will be crucial if banks, enterprises or regulated platforms are to accept autonomous agents as legitimate economic actors. The debate over how much autonomy agents should have when handling money is just beginning, and projects that can demonstrate both security and transparency will likely lead the way.
If the partnership works as described, it could accelerate a wave of new use cases: agents that dynamically hire compute for model fine-tuning, services that meter API access to other agents, and marketplaces where datasets or compute time are bought and sold in sub-second stablecoin flows.
More broadly, the move underscores a growing industry pattern: standardize the rails (x402), add verifiable trust and tooling (x402secure), and then plug agent networks into that plumbing so autonomous software can operate at scale. Whether that future arrives tomorrow or over the next few years depends on adoption, interoperability and how quickly legal frameworks adapt, but Delysium’s announcement makes clear the technical building blocks are now moving from concept to integration.
The original post and technical details of the announcement were published on Delysium’s X account and accompanying blog materials, and t54.ai has been public about its intent to augment the x402 stack with trust features. For readers curious about the specification and the wider ecosystem, Coinbase’s x402 documentation and the x402 community resources offer a good entry point to understand how HTTP-native payments are being reborn for an agentic internet.
This partnership is another sign that the plumbing for a machine-driven economy is being laid in real time, and that companies building agent frameworks are no longer content to rely on ad hoc payment hacks. Instead, they’re aligning with open protocols, adding the trust layers enterprises demand, and trying to prove that autonomous agents can do more than talk to each other: they can now pay for what they need, reliably and audibly.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Santiment stated that investors showed strong interest in altcoins such as Delysium (AGI), Tether (USDT), Bitcoin (BTC), USD Coin (USDC), Solana (SOL), and Bittensor (TAO).
25.03.2026 - 10:16
Update: 25.03.2026 - 10:16
Bitcoin and altcoins are struggling to recover amidst the turbulent days of the US-Iran conflict.
While Bitcoin struggles to hold above $70,000, cryptocurrency analytics company Santiment has revealed the most popular altcoins in the cryptocurrency world in its latest post.
According to Santiment, investors showed strong interest in altcoins such as Delysium (AGI), Tether (USDT), Bitcoin (BTC), USD Coin (USDC), Solana (SOL), and Bittensor (TAO).
AGI led the trending cryptocurrencies in the last 24 hours, surprisingly followed by USDT, BTC, USDC, SOL, and TAO.
The most popular cryptocurrencies in the crypto sector and the reasons why are listed below: Delysium: AGI is trending thanks to NVIDIA CEO Jensen Huang’s striking statements about artificial general intelligence.
USDT: Trending due to Tether’s announcement that it has contracted with one of the Big Four accounting firms for the first fully independent audit of its USDT reserves (reported at approximately $180-192 billion).
Bitcoin: BTC is trending due to massive institutional accumulation. The institutional accumulation process continues to dominate the headlines, particularly with spot ETF inflows spearheaded by giants like BlackRock and Fidelity.
USDC: Reports indicate Circle has frozen USDC balances in 16 hot wallets in connection with a US legal case, and regulatory discussions surrounding USDC’s decentralization are trending.
Solana: SOL is trending due to the launch of the Solana Developer Platform (SDP) by the Solana Foundation.
Bittensor: TAO is trending due to Grayscale’s spot ETF application and the halving process on the network. Investors are showing interest in TAO.
*This is not investment advice.
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Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Sonic’s Total Value Locked (TVL) reached an ATH of $257.24 million this week on January 28, 2025. The surge is an indicator of robust activity on the blockchain.
Major protocols fueling Sonic TVL’s growth The top 10 protocols contributing to Sonic’s TVL are Silo Finance, Beets, Avalon Labs, Swapx, WAGMI, ICHI, Beefy, Shadow Exchange, Equalizer Exchange, and Uniswap.
Silo Finance, a decentralized lending protocol, emerged as the top contributor with a $112 million TVL on the Sonic network. This massive TVL suggested that Silo Finance is significantly benefiting from its decentralized lending platform that enables users to borrow virtual assets using collateral.
Beethoven (BEETS), another major decentralized exchange, followed a TVL worth $72.3 million. This is a testimony that the DEX continues to attract users to engage in staking and yield farming using BEETS and other virtual coins.
Avalon Labs secured the third position with $49.5 million TVL. Its impact on Sonic’s TVL comes from its Bitcoin-focused DeFi ecosystem. Its CeDeFi lending platform enables investors to borrow against their BTC holdings.
SwapX secured the fourth position with its $21.8 million contribution to Sonic’s TVL. SwapX plays a crucial role as it offers innovative DeFi solutions that go beyond ordinary token swapping. These involve trading services such as staking, yield farming, and other advanced DeFi offerings.
WAGMI, a prominent decentralized exchange, registered a $20 million TVL, making it the fifth-largest protocol on the Sonic network. It operates on numerous EVM-integrated protocols, thus enabling users to access various assets and trading opportunities across varied ecosystems.
ICHI took the sixth spot with $18.8 million TVL. It supports Sonic’s TVL through its DeFi liquidity manager. Crypto investors use its yield IQ Vaults to deposit tokens and earn yields through compounded interest created by liquidity pools on apps like Uniswap V3.
Moving down, Beefy, a yield aggregator, was the seventh-largest protocol on the Sonic network. It is a renowned yield aggregator that allows users to maximize the power of compounded interest and yield farming opportunities across numerous DeFi platforms.
Shadow Exchange clinched position eight with its $7.56 million TVL. Its advanced DEX plays a crucial role in the Sonic ecosystem. Lastly, Equalizer Exchange and Uniswap gained visibility with their impressive TVLs of $4.34 million and $2.18 million respectively.
Equalizer Exchange is a DEX that allows users to earn passive income on their tokens through different staking and yield farming opportunities on the Sonic network. On the other hand, Uniswap contributes an important role in the Sonic network through its innovative DeFi trading and advanced automated market markers.
Sonic price updates The Sonic network saw its TVL surged above $250 million, on January 28, fueled by the rising investor interest after its recently concluded rebranding process. The increase in TVL happened after the project rebranded its trademark name as “Sonic” and abandoned the previous one “Fantom.”
Despite the increase in its TVL, the value of its primary virtual currency has declined. The asset has been down 24.3% in the past month. The downtrend suggests that sellers are prevailing. It appears that Sonic holders are offloading their tokens for profit-taking or are forced to liquidate for other reasons.
However, the current low prices are creating a buying opportunity for savvy investors who know that Sonic is an asset with growth potential. Its market cap is currently trading at $1.38 billion, placing it at number 69 in the entire crypto ecosystem.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
The promise of decentralized finance (DeFi) was nothing short of revolutionary: democratizing financial services by bringing sophisticated banking capabilities to anyone with an internet connection and a crypto wallet.
This vision of accessible, permissionless finance captured the imagination of millions, driving DeFi’s total value locked to unprecedented heights back in 2019 and now again this year.
However, as the ecosystem has matured, a stark reality has emerged – many of DeFi’s core promises remain unfulfilled, particularly in one of traditional finance’s most fundamental services: lending.
Enter Silo Finance, a protocol that’s flipping the script on DeFi lending. Instead of forcing users into a one-size-fits-all system, Silo is building a lending ecosystem that’s as flexible as it is secure, tackling the industry’s most persistent challenges head-on and bridging the gap between DeFi’s potential and its practical implementation.
What is Silo Finance? While traditional banking has mastered the art of risk-managed lending over centuries, DeFi lending protocols have struggled to replicate this efficiency.
The challenges are multifaceted: protocols suffer from inefficient liquidity distribution that leaves many assets underserved, interest rate mechanisms that fail to compensate lenders for their capital fairly, and risk pools that force lenders to share exposure with unrelated assets.
These limitations have created a lending ecosystem that, despite its technological sophistication, falls short of both traditional finance’s reliability and DeFi’s core promise of democratization.
At its core, Silo is a non-custodial DeFi marketplace that addresses the fundamental problems with traditional lending protocols. The protocol does this by creating Silos, which are isolated lending pools consisting of two assets. These pools can be accessed by borrowers who then pay interest on the borrowed funds, with that interest being distributed among the lenders who provide liquidity to the pool.
By approaching lending through isolated lending pools limited to two assets, Silo Finance ensures that all risks are contained and all the distribution of interest generated by borrowing transactions is transparent and fair.
This also makes the protocol increasingly scalable and performant as any two assets can be paired to create new lending markets, bringing DeFi lending capabilities to a wider range of crypto assets on the Ethereum Virtual Machine (EVM).
Silo v1, the first iteration of the protocol, has gained immense popularity ever since its launch. Despite this, the team has now launched Silo v2, which, unlike its predecessor, introduces programmable lending markets that vastly increase the features offered to users, bringing a new wave of innovation to the DeFi lending space and safeties like protection against system-wide insolvency, hacks, etc.
Silo Finance’s Evolution Silo Finance was born during the ETHGlobal Hackathon in September 2021, where the team introduced their concept of “isolated lending markets” as an alternative to existing DeFi lending solutions. This innovative approach to DeFi was more than enough to allow the team not only to win the hackathon but also to raise 7,500 ETH by the end of the year.
The first public version of the project, Silo v1, was launched in September 2022. Since then, Silo has grown significantly, now managing over $130M in Total Value Locked (TVL) across more than 50 isolated lending markets, with thousands of daily users across mainnet and four Layer 2 networks.
Silo v2 was announced in 2024 as an upgrade to the previous iteration, bringing additional features and capabilities. This version had its architecture simplified, which translated to additional security, lower deployment and usage costs, and the most efficient integration, as well as unmatched modularity.
Over the years, Silo has also been audited by important firms like ABDK, Quantstamp, Certora, and Immunefi. All of these audits have been accompanied by a bug bounty program designed to continuously improve the security of the protocol.
How Does Silo Work? The key innovation behind Silo comes in the form of programmable lending markets, which reached their full potential with Silo v2.
While traditional lending protocols force users to adapt to rigid, standardized systems, Silo v2 allows lending markets to be tailored to specific user needs. This means markets can automatically put idle capital to work in other DeFi applications to generate yield, solving the liquidity inefficiency problem common in DeFi lending.
The platform works through two main components. First, isolated lending markets protect users from system-wide problems like hacks or insolvency, addressing one of DeFi’s biggest risks. Second, Silo Vaults act as a permissionless liquidity optimization layer that manages funds across different Silo markets and DeFi protocols, ensuring segregated funds don’t lead to inefficiency.
The platform is governed through the $SILO token, which gives users the power to vote on important protocol decisions, including treasury management and how protocol-owned liquidity is used.
This ensures the platform stays true to its main goal: providing lending and borrowing services that offer both strong risk protection and optimal returns while letting users control their risk and yield exposure.
What Sets Silo Apart? At its core, Silo is built on a simple yet revolutionary idea: lending shouldn’t force users into a one-size-fits-all system riddled with hidden risks.
Instead, it should be flexible, transparent, and tailored to individual needs. This philosophy seems to drive every aspect of Silo’s design, setting it apart as a true innovator in decentralized finance.
The cornerstone of Silo’s approach is its risk-isolated lending markets. Unlike traditional platforms like Aave, where lenders are exposed to the collective risks of every asset in a shared pool, Silo creates separate markets for each base asset. This means lenders only take on the risk of the specific asset they choose to deposit.
It’s a game-changer for DeFi, offering both enhanced security and the freedom for users to make informed decisions about their exposure.
But Silo doesn’t stop there. Its architecture is designed to support lending markets for virtually any token, even niche or unconventional assets like Curve LP tokens or Pendle PT tokens.
While other platforms struggle to add new assets without introducing systemic risk, Silo’s permissionless market creation opens the door for a wider range of tokens to participate in DeFi lending. This inclusivity not only broadens opportunities for lenders and borrowers but also fosters a more dynamic and resilient ecosystem.
What makes Silo stand out, however, is the level of control it gives users over their risk exposure. When depositing assets, lenders can choose exactly which Silo markets to participate in, effectively defining their own risk parameters.
This is a stark contrast to shared-pool platforms, where depositors are automatically exposed to the risks of all listed tokens. By putting risk management directly in the hands of users, Silo embodies the decentralized ethos of DeFi, empowering individuals to take charge of their financial decisions.
Adding another layer of innovation, Silo introduces modular interest rates that adapt to the risk profile of each asset. Unlike traditional platforms that offer a one-size-fits-all rate, Silo tailors interest rates on a per-Silo, per-token basis. This means lenders earn higher returns for taking on riskier assets, creating a fairer and more equitable system.
It’s a win-win: lenders are incentivized to provide liquidity, while borrowers gain access to a more efficient and transparent lending market.
Conclusion Silo Finance’s approach to DeFi lending marks a meaningful step forward, addressing long-standing inefficiencies while staying true to decentralization’s core principles. Silo isn’t just fixing DeFi’s problems—it’s reinventing the wheel. Risk isolation? Check. Customizable exposure? Done. Tailored interest rates? Nailed it.
This is especially impactful for risky or niche tokens, which have often been sidelined in traditional lending systems. Silo’s model gives lenders the tools to manage risk effectively while earning fair, risk-adjusted returns. Borrowers, meanwhile, gain access to a more flexible and inclusive market, where even unconventional assets can unlock liquidity.
For DeFi to fulfill its promise, it needs solutions that balance innovation with practicality. Silo’s focus on user control, transparency, and scalability shows how lending can evolve into a powerful tool for individuals and institutions alike. It’s not just about building a better system anymore but about making DeFi work for everyone.
In today’s crypto market, Drift Protocol ($DRIFT) is the clear leader. According to Phoenix, a prominent crypto media outlet, Drift saw a remarkable increase of +96.4%. This surge positions Drift as the biggest gainer of the day. It highlights the growing demand for its decentralized trading platform.
Cats ($CATS) Soars by +88.8%, Fueling Meme-Crypto Surge Other tokens are also soaring higher. Cats ($CATS) rose by +88.8% as investors continue to flock to meme-based cryptocurrencies. Likewise, X Empire ($X) skyrocketed with an increase of +87.0% as investors backed blockchain gaming platforms. Interestingly, both tokens are trending in the positive direction.
Furthermore, Vectorspace AI ($VXV) was up by +59.1%. Due to its AI features, Vectorspace is gaining popularity as AI technology is becoming more prominent in the crypto market. This growth shows that the value of AI-driven projects continues to grow in blockchain environments.
Stargate Finance ($STG) and Marinade ($MNDE) were also up significantly. Stargate increased by 35.6% while Marinade increased by 34.5%. These tokens are integral parts of the DeFi space, where Stargate helps to provide cross-chain liquidity and Marinade offers the staking services. As for the impact of the market, both projects are currently enjoying their existence in the form of DeFi.
Crypto Market Outlook Remains Bullish with Promising Developments Ahead Kamino ($KMNO), Parcl ($PRCL), Swell ($SWELL), and Orderly Network ($ORDER) completed the top performers. Kamino increased by +34.3%, and Parcl by +31.7%. Swell was up by +27.6% and Orderly Network, by +22.3%. These projects represent the range of industries that are defining the dynamics of the crypto market.
Overall, today’s market is good and promising. The public is still bullish and investors are keen on upcoming projects in many fields to ensure future developments in the crypto market.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Binance, the largest cryptocurrency exchange by trade volume, has disclosed plans to delist several tokens in a few weeks.
In a press release today, the exchange confirmed that the tokens scheduled for removal are Unifi Protocol DAO (UNFI), Ooki Protocol (OOKI), Keep3rV1 (KP3R), and Rupiah Token (IDRT).
This move follows the company’s routine asset reviews, aimed at ensuring all listed tokens meet their high standards.
The delisting will take place on Nov. 6 at 03:00 UTC. At that time, all trading pairs associated with these tokens, including UNFI/BTC, OOKI/USDT, KP3R/USDT and others, will cease trading.
Binance explained that their decision is based on factors such as the project’s development activity, the stability of their networks, and adherence to regulatory requirements. They noted that these steps are meant to protect users and ensure a healthy crypto trading environment.
Users holding these tokens are encouraged to take action before key deadlines. Trading on spot markets will close on Nov. 6, but Binance has outlined several earlier milestones related to margin trading, futures contracts, and other services.
For instance, isolated margin borrowings for these tokens will be suspended on Oct. 25, with further closures of positions set for Oct. 31. Users are advised to settle their positions and transfer any assets to avoid losses.
After the delisting, deposits of the tokens will not be credited starting from Nov. 7. However, Binance will support withdrawals until Feb. 6, 2025. The exchange also mentioned the possibility of converting the delisted tokens into stablecoins, but there is no guarantee on this yet.
The delisting comes after a similar trend in the crypto market, where assets removed from the Binance exchange often see price volatility.
Past delistings by Binance have led to massive price drops for some tokens, such as TrueUSD and Tornado Cash’s TORN and Monero. However, there have also been cases where tokens surged despite a Binance delisting, as seen with Reef Finance.
