Author: Roland Guirdonan

Article written by Roland Guirdonan

FTX is set to distribute over $5 billion to creditors starting May 30, 2025

May 16, 2025 1 min read

FTX is preparing to initiate its second round of creditor payouts on May 30, aiming to distribute over $5 billion to eligible claimants, as announced by the company. This payout will be processed through either BitGo or Kraken, with payments expected to reach recipients within one to three business days. This upcoming distribution is part of FTX’s ongoing bankruptcy proceedings and follows the initial payouts that began in February for

US Banks can now hold crypto for customers

May 9, 2025 1 min read

US Banks can now hold crypto for customers On May 7, 2025, the Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1184, which clarifies that national banks and federal savings associations are permitted to offer crypto-asset custody and execution services. his means these financial institutions can facilitate the buying and selling of crypto-assets held in custody at the direction of their customers. Additionally, they are allowed to

President Trump says crypto survives the crash better than stocks

May 5, 2025 2 mins read

Former President Donald Trump has reiterated his strong support for crypto, emphasizing its resilience during market downturns and its growing acceptance. In a recent interview with NBC News’ Meet the Press, Trump highlighted the importance of the U.S. leading in digital asset innovation to avoid falling behind countries like China. He expressed his belief that crypto is crucial for the future, stating, “I want crypto,” and noted that it has

$10 trillion US brokerage firm to launch crypto trading platform

April 21, 2025 2 mins read

Charles Schwab, a leading US brokerage firm managing over $10 trillion in assets, is set to introduce spot cryptocurrency trading within the next year, according to CEO Rick Wurster. During the company’s Spring Business Update, Wurster expressed optimism about launching this service as the regulatory landscape in the US evolves favorably. He emphasized that Schwab is on a solid path to offering direct spot crypto trading, a plan he initially

MANTRA (OM) token crashes by over 98%

April 14, 2025 2 mins read

The cryptocurrency token MANTRA (OM) experienced a dramatic drop in value, losing 98% of its worth in just under an hour. This sudden crash caused more than $6 billion to disappear from its market cap, with the price plummeting from nearly $6 to around $0.57. Many traders were unable to react in time to sell their holdings before the value collapsed. As news of the crash spread, users on the

Tether (USDT) bets its $20 billion haul that the greenback will weather the tariff storm

April 6, 2025 2 mins read

Tether, a stablecoin issuer, made headlines with its impressive $13 billion profit last year. This figure surpasses many well-known financial firms, including Goldman Sachs. Despite having no official approval from U.S. regulators and a small workforce of fewer than 200 employees, Tether is making a bold bet on the U.S. dollar. As tariffs imposed by Donald Trump disrupt the global economy, Tether aims to strengthen the dollar’s presence worldwide. CEO

Justin Sun says First Digital Trust is insolvent

April 2, 2025 1 min read

Justin Sun, the founder of Tron, issued a warning today about First Digital Trust (FDT), claiming it is insolvent and cannot meet client redemptions. He urged users to secure their assets and called for swift action from Hong Kong regulators to prevent further issues. Sun’s post highlighted concerns about Hong Kong’s reputation as a financial center, citing weak oversight in trust licensing and risk management. This warning followed recent court

GameStop plans to raise $1.3B through convertible bonds to buy Bitcoin

March 28, 2025 2 mins read

GameStop Corp. plans to raise $1.3 billion through a convertible bond offering to buy Bitcoin. This strategy is inspired by Michael Saylor, a well-known crypto advocate. The company’s board has approved adding Bitcoin to its treasury reserves, marking a significant change in its approach. The bond sale is intended for general corporate purposes, including the Bitcoin acquisition. This move puts GameStop in line with other public companies that are using

GameStop confirms plans to adopt Bitcoin as a treasury reserve asset

March 26, 2025 1 min read

GameStop has officially added Bitcoin to its balance sheet. This decision was confirmed during its fourth quarter earnings release. The company’s board of directors unanimously approved this move, which aligns with earlier reports about GameStop’s plans to invest in Bitcoin and possibly other cryptocurrencies. Following the announcement, GameStop’s shares rose by over 6% in after-hours trading. Bitcoin itself remained stable, trading just below $88,000. GameStop has not revealed how much

Binance introduces a community vote for new meme coins for listing

March 21, 2025 2 mins read

Binance has introduced a community voting process that allows users to choose which tokens will be listed on the exchange. In the first round, nine meme coins are competing, with two winners set to receive full listings. Among the contenders are Mubarak and two Broccoli-themed tokens, both of which are generating a lot of interest. This initiative aims to engage users in the listing process, creating excitement and some debate.

Asset manager VanEck to set up a Bitcoin investment fund or organization in Vietnam

March 18, 2025 2 mins read

VanEck, a major asset management firm with over $113 billion in assets, plans to establish a Bitcoin investment fund in Vietnam. CEO Jan van Eck met with the State Securities Commission (SSC) to discuss digital assets. He suggested that Vietnam should adopt a cautious, step-by-step approach to managing this market. VanEck aims to partner with SSI Securities, led by Chairman Nguyen Duy Hung, to create the Bitcoin fund. Jan van

Global investment manager VanEck files for an Avalanche ETF

March 17, 2025 1 min read

VanEck, a global investment manager, has submitted a filing for an Avalanche exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). This ETF aims to provide investors with direct exposure to the Avalanche smart contract platform. The news was highlighted on March 14 by Bloomberg analyst James Seyffart, who has been tracking the crypto ETF landscape. The VanEck Avalanche ETF is designed to reflect the performance of the