News

Mantra’s OM Crashes 90% in Bizarre Sell-Off as Team Alleges ‘Forced Liquidations’

April 17, 2025

Co-founder John Patrick Mullin alleged the movement was likely due to exchanges closing OM positions, which impacted all market exposure. What to know: Crypto traders were reminded of Terra’s LUNA early Monday as trendy real-world asset upstart Mantra’s OM token dropped 90% within hours on no sudden catalyst — with conspiracy theories and allegations running…

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FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle

April 1, 2025

Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed. What to know: FTX, the collapsed cryptocurrency exchange once helmed by Sam Bankman-Fried, plans to begin paying its main creditors at the end of May, Bloomberg reported based on court proceedings in Delaware this week. The company has gathered…

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Coinbase Could Be Near Multi-Billion Dollar Deal for Deribit: Bloomberg

March 25, 2025

Consummation of an acquisition would greatly advance Coinbase’s push into the crypto derivatives market. What to know: Animal spirits in the crypto industry continue to be evident amid the eased regulatory stance of the Trump administration, with leading U.S. spot exchange Coinbase (COIN) in advanced acquisition talks with leading global derivatives exchange Deribit, reports Bloomberg. According…

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Congress repealed the IRS broker rule, but can it regulate DeFi?

March 17, 2025

DeFi has scored a victory in Congress, but how can lawmakers match real regulatory concerns with user privacy demands? The decentralized finance (DeFi) industry is breathing a sigh of relief as Congress relaxes reporting obligations, but questions remain about how lawmakers will regulate DeFi. On March 12, the House of Representatives voted to nullify a…

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Only 4% of the world’s population holds Bitcoin in 2025: Report

March 11, 2025

Despite the growing popularity of Bitcoin, the number of individuals who own it worldwide is minuscule — leaving plenty of room for growth. Only 4% of the global population currently holds Bitcoin BTC$80,782, with the highest concentration of ownership in the United States, where an estimated 14% of individuals own BTC. According to a research report from…

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Crypto neo-privateers could be the solution to hacks

March 7, 2025

After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation. Regarding cybersecurity in the crypto industry, 2025 is off to a terrible start. Lazarus Group, a North Korean-sponsored hacking organization, recently stole $1.4 billion from Bybit,…

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