Market News

LayerZero Labs settles with the FTX estate

February 2, 2025 1 min read

LayerZero Labs has settled a legal dispute with the FTX bankruptcy estate after two years of conflict. Bryan Pellegrino, the co-founder and CEO of LayerZero, shared this news on social media. He explained that the dispute was not about LayerZero versus FTX, but rather LayerZero versus the creditors, of which they are also a part. The legal issues began in 2023 when the FTX estate sued LayerZero Labs. This lawsuit

MicroStrategy launched its convertible preferred stock offering

February 2, 2025 1 min read

MicroStrategy, a business intelligence company, recently announced a significant stock offering. On January 30, the company sold 7.3 million shares of its 8% Series A perpetual strike preferred stock, known as STRK. The public offering price was set at $80 per share. This amount is nearly three times the initial plan of 2.5 million shares. The company expects to raise about $563.4 million from this offering. MicroStrategy plans to use

Kraken exchange to delist USDT and several other stablecoins

February 2, 2025 1 min read

Kraken crypto exchange will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA). This decision is in response to new regulations under the Markets in Crypto-Assets (MiCA) framework. The delisting will happen in phases, with the process ending on March 31, 2025. The stablecoins being delisted include PayPal USD (PYUSD), Euro Tether (EURT), TrueUSD (TUSD), and TerraUSD (USDT). The delisting will start on February 13, 2025.

The US SEC has fast-tracked approval for Bitwise’s Bitcoin and Ethereum ETF in just 45 days

February 1, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has quickly approved Bitwise’s spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Fund (ETF). This approval came just 45 days after Bitwise filed the necessary paperwork, a significant reduction from the usual 240-day review period. On January 30, the SEC approved NYSE Arca’s 19b-4 filing, allowing the ETF to be listed and traded. The fund will invest based on the market capitalization of Bitcoin

The parents of former FTX CEO seek to get their son a presidential pardon

February 1, 2025 1 min read

Sam Bankman-Fried’s parents are trying to secure a presidential pardon for their son from Donald Trump. Joseph Bankman and Barbara Fried, both law professors at Stanford, have met with lawyers and Trump administration members to discuss this matter. Their son is currently serving a 25-year prison sentence after being convicted of fraud. He was sentenced in March 2023, following the bankruptcy of his cryptocurrency platform, FTX, in 2022. This effort

MicroStrategy launches Preferred Stock ($STRK)

January 31, 2025 1 min read

MicroStrategy ($MSTR) is introducing Preferred Stock ($STRK) to raise capital. The company plans to sell 2.5 million Preferred Shares at $100 each, totaling $250 million. Each Preferred Share can be converted into 1/10th of a Class A Common Share, making the conversion price $1,000 per Common Share. Investors will receive an 8% annual dividend based on the liquidation value. For a Preferred Share worth $100, this means an annual earning

Sonic founder reveals he left DeFi in 2022 due to relentless SEC harassment

January 31, 2025 1 min read

Andre Cronje, the founder of Sonic, left the DeFi space in 2022 due to harassment from the SEC. He shared that the pressure from US regulators drained his energy and made it difficult for him to continue in the industry. Initially, the SEC’s inquiries were simple, focusing on investors and profits. However, these inquiries quickly escalated into aggressive demands. Despite not being a US citizen and having no business in

Blockchain travel platform Travala.com considers a $100M acquisition offer

January 29, 2025 1 min read

Travala.com is a blockchain travel platform backed by Binance, currently considering acquisition offers after receiving an unsolicited proposal. The platform accepts cryptocurrency payments and has achieved over $100 million in annual revenue, with a valuation around $100 million. The rise in cryptocurrency use fuels its growth potential. Founded in 2017, Travala provides over 3 million travel options in over 230 countries, allowing payments in various cryptocurrencies, including its own token,

Crypto Experts Reveal the Decade’s Best Investments: Solana, XRP, and

January 28, 2025 6 mins read

Leading experts have identified the top digital currencies set to shape the next ten years. Solana and XRP have emerged as standout choices, but there’s another surprising contender joining their ranks. This article delves into these promising investments, exploring why they are catching the attention of investors worldwide. XYZVerse: The Best New Meme Project You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution.

Solana News & Cardano Price Predictions: How XYZVerse Can Make You Rich

January 27, 2025 4 mins read

Exciting developments are unfolding in the world of cryptocurrencies. Major updates from Solana are making headlines, and forecasts for Cardano suggest significant changes ahead. Amidst this dynamic landscape, a new player, XYZVerse, is emerging with opportunities that could lead to substantial financial gains. This article explores these developments and what they could mean for investors. XYZ: The Next Meme Coin Champion Ready to Dominate 2025 The game is on, and

Why You’re Not a Millionaire Yet—Stop Ignoring Memecoins! Here Are the Top 5 Picks for Your First Crypto Million

January 25, 2025 7 mins read

Many people wonder why they haven’t struck it rich in the digital currency market. Overlooking playful but potent tokens might be the reason. There are certain coins that started as jokes but have skyrocketed in value. Discover the top five of these unique cryptocurrencies that could lead to a substantial financial breakthrough. Score Big with XYZ: The New Meme Coin Heavyweight The fans are losing it! The XYZ token is

MicroStrategy plans to repay $1.05 billion in debt early

January 25, 2025 1 min read

MicroStrategy, a company recognized for its investments in Bitcoin and business analytics software, has announced a plan to repay $1.05 billion in debt early. This debt was acquired through “convertible notes,” which are loans that investors can convert into company shares under specific conditions. The company intends to fully repay these loans by February 24, 2025, a process known as “redemption.” Investors have two options: they can either receive their