FTX Token (FTT) has jumped nearly 14% in the past 24 hours, surging as the market reacts to the latest FTX news. On May 15, FTX announced its $5 billion creditor distribution will begin on May 30, 2025. Market reaction aligned with top altcoins’ quest to bounce despite notable risk-off sentiment. The FTX Token (FTT) rose sharply as the crypto market reacted to an announcement that FTX, which filed for bankruptcy in November 2022, will soon commence the second phase of its creditor payments. As top coins looked to bounce after paring gains earlier in the day, FTT price spiked…
Author: cryphedge
The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform.Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration.The report, combined with the exchange revealing details about a recent scam issue being caused by internal breaches, led to a 6% slide in its share price.Verified usersThe exchange disclosed that the SEC is investigating its previously reported “verified users” metric, a figure that has appeared in company filings and marketing material and…
Gold has been losing steam recently after it raced to record highs due to geopolitical and economic uncertainties, including tariffs. Bitcoin has been the winner, with gold being the loser in a hedge trade against currencies. The increasing number of US states and companies buying bitcoin will be another catalyst. JP Morgan analysts expect Bitcoin to outperform gold for the rest of the year. The research firm predicts this performance on the back of more US institutions buying Bitcoin and a zero-sum trade where Gold is losing lately. Gold’s blitz fading Gold had a strong start to 2025, racing to…
Solana ($SOL) is currently showing signs of a potential recovery. As pr the data from Glassnode, the realized capitalization of Solana ($SOL) has once again expressed a positive 1-month growth, highlighting a likely recovery just like $XRP. The blockchain analytics platform shared insights into the growing positive momentum around Solana ($SOL) in a recent X post. After a few months of realized cap outflows, $SOL is showing signs of a trend reversal. Its 30-day capital inflows are now back in positive territory – growing at ~4–5%, on par with $XRP. This points to a renewed demand returning to the #Solana…
Stock slips 6% after report on federal investigation. The regulatory scrutiny comes as Coinbase deals with the aftermath of a cybersecurity breach disclosed earlier in the day. Hackers reportedly stole customer data and are demanding a $20 million ransom. Coinbase confirmed Thursday that the US Securities and Exchange Commission is investigating whether the company overstated user numbers in prior disclosures. The development, first reported by The New York Times, contributed to a decline of about 6% in Coinbase shares during the session. The inquiry centers on Coinbase’s reporting of “verified users,” a metric the company has cited in filings…
Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident.In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning of a supposed compromise on his account before conducting identity verification steps. The impersonators requested details about account balances to prioritize high-value targets, then instructed victims to transfer assets to a Coinbase Wallet. Under the guise of assisting with wallet setup, the attackers provided a pre-generated seed phrase,…
Ethereum staking inflows surged by 309,000 ETH in the past month, highlighting long-term confidence among holders. Additionally, institutional interest through Layer 2 networks and reduced bearish hedge fund activity has contributed to Ethereum’s rally. Ethereum’s price has experienced a decent revival in recent weeks. The price jumped from April lows of $1,385 to May highs of $2,700 before stabilizing around $2,600. This revival comes amid strong on-chain indicators and whale buying. Ether Whales Snap Up ETH One of the major supporting indicators of positivity is the spike in smart money activity. Statistics obtained from analytics platform Nansen indicate a massive…
Ethereum (ETH) is set to start May with a positive monthly candlestick since December 2024. This comes after the Ethereum price surged by over 42% in a week, bringing it closer to the $2,500 levels. However, despite the rally, the Ethereum price is still stuck below its 2023 levels, as Sui (SUI) and a new project known as Unilabs (UNIL) continue to record impressive gains.Sui’s price movement has already recorded a weekly rally of over 45%, reigniting bullish sentiment toward the SUI blockchain, backed by its Q1 report. Similarly, Unilabs, the first AI-backed DeFi asset manager, with more than $30M…
Ripple’s native token XRP had reached an all-time high of $3.40 in January 2018. It’s been more than seven years now since it failed to reclaim its ATH. The maximum high it reached was $3.31 in January this year on the heels of Trump’s inauguration. The spike in price came as Trump was appointing crypto-friendly people for the top positions in the cabinet.Also Read: Trump Opens Saudi Checkbook: 13 U.S. Stocks at Center of $600B DealXRP is now hovering around the $2.5 mark and is less than a dollar away from breaking its ATH. The next bull run could make…
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has… Share Last updated: May 14, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from…
