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FTX to Distribute Over $5B to Creditors Beginning May 30, 2025
FTX Recovery Trust announced the second phase of the funds distribution will commence on May 30, 2025. According to the announcement, FTX will distribute more than $5 billion to creditors in the Plan’s Convenience and Non-Convenience Classes that have completed the pre-distribution requirements. The FTX Recovery Trust partnered with Kraken and BitGo cryptocurrency exchanges to …
Steve Muchoki·16 May 20252 min
SEC vs Coinbase: Crypto Exchange Under Investigation for Allegedly Misstating User Data
Coinbase Global Inc. (NASDAQ: COIN) has ostensibly been under the investigative radar of the United States Securities and Exchange Commission (SEC). According to a report by the NYT, the U.S. SEC has been investigating whether Coinbase misstated its user data, which stated that the firm had more than 100 million verified users, in the past …
Steve Muchoki·16 May 20252 min
Stellar XLM Price Analysis and Short-Term Target
Stellar (XLM) price has gradually gained bullish momentum in the past six weeks. The large-cap altcoin, with a fully diluted valuation of about $15.1 billion and an average 24-hour traded volume of about $314 million, rallied over 25 percent in the past four weeks to trade about $0.3033 on Wednesday, May 14, during the late …
Steve Muchoki·15 May 20252 min
Metaplanet Releases Q1 2025 Earnings Result: Revenue Surged 8% QoQ and 943% YoY Fueled By Bitcoin
Metaplanet Inc. (TOKYO: 3350), a well-established company focused on the Bitcoin (BTC) strategy, released its first quarter 2025 results. According to the announcement, the company recorded revenue of ¥877 million, up 8 percent Quarter over Quarter (QoQ) and 943.9 percent Year over Year (YoY). The company announced that 88.1 percent of its revenue during the …
Steve Muchoki·15 May 20251 min
Chainlink Price Analysis: Rising Institutional Adoption of LINK Catalyzes Bullish Sentiment
Chainlink (LINK) price has cooled down from last week’s bullish sentiment. After recording an over 25 percent rally last week, LINK price dropped over 3 percent to trade about $17.04 on Wednesday, May 14, during the mid-North American trading session. As a result of the sudden market correction, the large-cap altcoin, with a fully diluted …
Steve Muchoki·15 May 20252 min
NewsTether Announces QVAC Platform: Revolutionizing Artificial Intelligence Development Via USDT
Tether, a top-tier stablecoins issuer that is heavily invested in the Bitcoin (BTC) network, announced its QuantumVerse Automatic Computer (QVAC) is in the final phase of the development process. According to the announcement, the QVAC platform will play a crucial role in the mainstream adoption of AI agents. The QVAC platform allows scalable artificial intelligence …
Steve Muchoki·15 May 20251 min
Bitcoin vs Altcoins 2025: BTC Dominance Shift Sparks Altseason Hype
As Bitcoin (BTC) price attempts to rally beyond $105k, following the recent rebound catalyzed by the macroeconomic crisis and rising demand from institutional investors, the altcoin industry has signaled bullish sentiment. For the first time since U.S. President Donald Trump took office earlier this year, Ethereum (ETH) price teased above $2.7k. The fear of further …
Steve Muchoki·14 May 20252 min
Semler Scientific Reports 21.9% BTC Yield in Q1: Company Now Holds 3,808 Bitcoin
Semler Scientific, Inc. (NASDAQ: SMLR) released its first quarter 2025 financial results on Tuesday, May 13, 2025. During the first three months of 2025, which ended on March 31, Semler Scientific reported a BTC Yield of 21.9 percent, thus a 22.2 percent YTD BTC Yield. As of March 31, 2025, Semler Scientific held about 3,192 …
Steve Muchoki·14 May 20251 min
Top Reasons Ethereum (ETH) Price Gained Today
Ethereum (ETH) price rallied over 8 percent in the past 24 hours to reach a daily and local high of about $2,702. The large-cap altcoin, with a fully diluted valuation of about $322 billion and a 24-hour average traded volume of around $31 billion, established a bullish sentiment following last week’s 40 percent uproar. Major …
Steve Muchoki·14 May 20252 min