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FTX to Begin $11.4B Creditor Repayment Plan Despite Valuation Controversy
Defunct crypto exchange FTX announces May 30 start date for repaying claims over $50,000, with $11.4B in cash reserves available. While creditors expect 118% recovery in cash terms, controversy surrounds the use of November 2022 crypto valuations despite massive price increases since then.
South Korean Women Over 50 Lead High-Value Crypto Investment Wave
Recent data reveals over 20,000 South Korean women in their 50s hold crypto assets exceeding $680,000, surpassing their 40s counterparts. This emerging trend challenges traditional cryptocurrency investor demographics, which have historically been dominated by younger male investors.
Marathon Digital Unveils $2B Stock Offering to Bolster Bitcoin Holdings
Marathon Digital Holdings plans a massive $2 billion stock offering, allocating 40% for Bitcoin purchases in a bold expansion strategy. The move positions MARA as the second-largest Bitcoin holder among public companies while diversifying beyond traditional mining operations.
OneKey Unveils Real-Time Portfolio Tracking of Crypto Whales Including Binance's CZ
OneKey's new wallet tracking feature enables users to monitor cryptocurrency portfolios of major holders like Binance founder CZ in real-time. The tool provides instant notifications of portfolio changes while raising questions about blockchain privacy and transparency.
French Government Bank Makes Bold $27M Crypto Investment Push
France's state-owned Bpifrance bank announces plans to invest €25 million in early-stage cryptocurrency projects with French connections. The landmark move, backed by the Ministry of Economy and Finance, focuses on DeFi, staking, and AI applications while aiming to boost France's blockchain competitiveness.
Layer-2 Networks Blamed for Ethereum's Investment Appeal Hitting 5-Year Low
Venture capitalists argue that 'greedy' layer-2 networks and excessive token creation are responsible for Ethereum's declining performance against Bitcoin. With ETH/BTC ratio at its lowest since 2019 and Standard Chartered cutting price forecasts, the cryptocurrency's investment potential faces serious scrutiny.
SEC Clears 'Hawk Tuah' Influencer in Meme Coin Investigation
Internet personality Haliey Welch announces SEC investigation into HAWK cryptocurrency concluded without charges, despite token's dramatic rise and crash. The influencer expresses regret over past crypto involvement while focusing on new ventures as civil lawsuit continues against other parties.
France Takes Bold Step with €25M Crypto Investment Fund to Boost Local Blockchain Innovation
France's state-owned Bpifrance bank launches €25M fund to invest directly in local cryptocurrency projects before exchange listings. The strategic initiative aims to retain talent and strengthen France's position in digital assets while maintaining European technological sovereignty.
SEC Dismisses Major Crypto Enforcement Cases in Regulatory Shift
The SEC has dropped enforcement actions against Kraken, ConsenSys, and Cumberland DRW LLC, signaling a significant change in cryptocurrency regulation under new leadership. Acting Chairman Uyeda aims to develop more transparent crypto policies through increased industry engagement and upcoming regulatory roundtables.