May 2025 – Page 552

Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making it a Real Thing

A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.

FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million

In the run-up to FTX's bankruptcy filing, known as the Preference Period, the defendants received the benefit of withdrawals that constitute preferential transfers, the filing said.

Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M

The deal will see Bitmain receive $53.9 million worth of common CORZQ stock.

Ether Prices to Stabilize as Options Market Makers Hedge Their Books, Analyst Says

Ether options dealers have built a net positive or long gamma exposure and are likely to buy low and sell high, arresting the price volatility ahead of next Friday's...

Ethereum’s Shanghai Upgrade Has Failed to Boost Network Activity, JPMorgan Says

Daily transactions, daily active addresses and total value locked on Ethereum have all fallen since the upgrade, the report said.

Japanese Exchange GMO to Offer XRP Users Yen for Delayed Songbird Airdrop

The handouts are part of a token airdrop whose snapshot took place in 2020.

Binance, U.S. Affiliate, Changpeng ‘CZ’ Zhao File to Dismiss SEC Lawsuit

The motions to dismiss leans on major questions doctrine claims, among other arguments.

Sam Bankman-Fried Will Remain in Jail Through the Start of His Trial

An appeals court rejected his attorneys’ attempt to free him in the run-up to the trial.

Nouns DAO’s $27M Revolt Reveals Toxic Mix of Money-Hungry Traders and Blockchain Idealists

It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just...

Bitcoin Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms

The 10-year Treasury rate surging to a 16-year high and equity markets selling off could push BTC lower, one trading firm said.