The FTX Recovery Trust has announced it will begin disbursing more than $5 billion to creditors from May 30. This payment round marks the second distribution to eligible parties as the firm continues its efforts to reimburse those affected by its collapse. Repayment Efforts In a May 15 release, the company’s bankruptcy estate categorized creditors
The S&P 500 rose 0.7% Friday, closing out a strong week as investors looked past weak consumer sentiment data and persistent inflation concerns. The index posted a 5% gain for the week, its best since November 2023, as tech stocks and easing trade tensions fueled optimism. The Nasdaq Composite added 0..5% and the Dow Jones
Key Takeaways Steak ‘n Shake now accepts Bitcoin payments using the Lightning Network across all US locations. The chain-wide adoption of Bitcoin by Steak ‘n Shake is a first in the US fast-food industry. Share this article Steak ‘n Shake, the American fast-food chain best known for its signature steakburgers and hand-dipped shakes, has officially
Bitcoin price has moved significantly over the past month, gaining a whopping 40%. A clear indication of bull strength! Investors, as well as holders, are hopeful again. So far, this year has been a thrill, an emotional rollercoaster that shook many people. Today .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Price Volume in 24h
The State of Wisconsin Investment Board (SWIB), an independent agency handling assets for Wisconsin’s retirement and state investment funds, has divested its shares of BlackRock’s spot Bitcoin exchange-traded fund (ETF). SWIB was one of the early buyers of spot Bitcoin ETFs, setting a precedent for other U.S. states to follow. It is unclear why the
Bitcoin continues to trade sideways with volatility at multi-day lows. Price remains stuck in a tight range, suggesting a breakout could be imminent as compression reaches its apex over the weekend. Bitcoin (BTC) price action has stalled, maintaining a narrow range for more than a week as volatility steadily declines. With strong technical boundaries at
Key Takeaways Galaxy Digital’s direct Nasdaq listing followed a lengthy 1,320-day regulatory process. Galaxy Digital operates primarily in crypto and AI, aiming at institutional adoption. Share this article Galaxy Digital, a prominent financial services and investment management firm led by billionaire Mike Novogratz, started trading on Nasdaq Friday under the ticker GLXY. The company’s stock
Jan-Oliver Sell, the former Managing Director of Coinbase, Germany, made the case for LUKSO, a layer 1 blockchain designed to revitalise the creative economy, in an interview on 15 May 2025, “Centralised platforms are closed systems. They control who sees what, how creators earn, and what features are allowed,” he said. LUKSO, a decentralised platform,
After last week’s triumphant surge past $100,000 following the promising news for a trade deal between the US and China, the current one began with another leg up for bitcoin but there was no all-time high despite the growing hopes. The meeting between the two great powers took place during the weekend, and they jointly
With Bitcoin hovering around $104,000, PlanB is already mapping a path to $400,000, though some see more fiction than forecast. Bitcoin’s (BTC) recent rally to $104,000 has put bulls back in the driver’s seat. At least that’s the takeaway from PlanB, the pseudonymous analyst behind the Stock-to-Flow model. In a new video, he outlines why