FTX has started distributing $5 billion to its creditors, marking a significant move in the ongoing process to repay those affected by its 2022 collapse. This payout is the second large round managed by the FTX Recovery Trust, aimed at reimbursing creditors who have met all the necessary requirements.

Texas is on the verge of making a bold move in the world of cryptocurrency. Senate Bill 21 (SB 21), known as the Texas Strategic Bitcoin Reserve bill, has passed both the Texas House and Senate. Now, it awaits Governor Greg Abbott’s signature to become law.

On May 22, 2025, Donald Trump hosted a private dinner at his National Golf Club near Washington, D.C. , inviting the top 220 investors of his $TRUMP memecoin . The event also included a VIP White House tour for the top 25 investors. This exclusive gathering has sparked serious concerns among members of the U.S. House of Representatives, who are now calling for a Justice Department investigation.

Circle , the company behind the USDC stablecoin , has launched the Circle Payments Network (CPN), a new cross-border payment system designed to compete with Ripple’s XRP-based RippleNet. This move aims to transform how international payments are made by offering faster, cheaper, and more transparent transactions.

James Wynn, a high-leverage crypto trader, recently suffered two massive liquidations of his Bitcoin long positions on Hyperliquid , losing close to $100 million in total. This episode highlights the risks of extreme leverage in volatile markets.

Binance Coin (BNB) is eyeing the $700 mark as a critical milestone in 2025, with growing optimism among traders and analysts that this level could soon be reached and even surpassed.

SharpLink Gaming is making headlines by adopting a strategy similar to MicroStrategy’s Bitcoin approach—but with a twist. Instead of Bitcoin, SharpLink is focusing on Ethereum (ETH) as its main corporate treasury asset. This shift signals a new wave of institutional interest in Ethereum and could reshape how companies view crypto assets.

BlackRock’s iShares Bitcoin Trust (IBIT) has taken a major lead in the Bitcoin ETF market. It now holds the top spot, surpassing Grayscale’s Bitcoin Trust (GBTC) in both assets under management (AUM) and Bitcoin holdings. This shift marks a turning point in how investors access Bitcoin through regulated funds.

El Salvador continues to add Bitcoin to its reserves, even after signing a $1.4 billion loan agreement with the International Monetary Fund (IMF) that restricts public sector Bitcoin purchases. This move highlights the country’s strong commitment to Bitcoin amid financial scrutiny and international pressure.

GameStop has taken a major step into the world of cryptocurrency by purchasing about $500 million worth of Bitcoin. This move marks the company’s first significant investment in digital assets and signals a shift in its financial strategy.

The rise of meme coins—cryptocurrencies inspired by internet jokes and viral trends—has sparked a new wave of concerns about corruption and conflicts of interest among U.S. public officials. To address this, lawmakers have proposed the Modern Emoluments and Malfeasance Enforcement Act, or the MEME Act. This law aims to stop federal officials from profiting off meme coins and other digital assets while holding office.

International money transfers have traditionally been slow, expensive, and complex. RippleNet, a blockchain-based payment network developed by Ripple, aims to change that by enabling faster, cheaper, and more efficient cross-border payments.

Justin Sun, the well-known crypto entrepreneur behind Tron, made headlines with a $75 million investment in World Liberty Financial (WLFI), a cryptocurrency project linked to President Donald Trump and his family. This deal not only pumped significant funds into the Trump-backed venture but also coincided with a pause in Sun’s ongoing SEC fraud investigation.

The rise of cryptocurrencies has brought new risks. One of the most serious is the growing threat of kidnappings and ransom demands targeting crypto investors and executives. In response, insurance companies are now offering specialized kidnap and ransom (K&R) policies designed specifically for the crypto world.

Michigan is making waves in the crypto world with four new bills designed to shape how the state handles digital assets. These bills focus on public pension investments, protecting crypto users, promoting Bitcoin mining, and clarifying tax rules for crypto activities. Here’s a closer look at what these bills mean for Michigan and its crypto future.

Shiba Inu (SHIB), one of the most popular meme coins, recently saw a huge 22,662% surge in its token burn rate, with nearly 38 million SHIB tokens destroyed in a single day. This massive burn event shows the community’s strong effort to reduce SHIB’s large circulating supply and build a foundation for long-term price growth.

Ethereum’s price action and network data suggest a cautious but potentially bullish phase. Watching the $2,500 level and transaction fee trends will be key to anticipating the next move.

Kyrgyzstan is preparing to launch a new digital currency called USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar. Scheduled for release in the third quarter of 2025, USDKG aims to become legal tender in the country, marking a major step in merging traditional assets with blockchain technology.

Volatility Shares made a major move in crypto investing by launching the first U.S.-listed XRP futures ETF on May 22, 2025. Trading on Nasdaq under the ticker XRPI, this fund offers investors direct exposure to XRP price movements through regulated futures contracts—without needing to own XRP directly.

Thailand is set to block five major cryptocurrency exchanges— Bybit , OKX , CoinEx, 1000X, and XT.COM —from operating within the country starting June 28, 2025. This move comes as part of the government’s efforts to regulate the crypto market more strictly and protect investors from unlicensed platforms.