Today in crypto, Bitcoin’s price action is raising concerns of possible market manipulation, according to Samson Mow, the US Senate has confirmed Howard Lutnick as commerce secretary, and FTX initiated its first round of creditor repayments and set M

Bitcoin’s price action is raising concerns of possible market manipulation as the cryptocurrency continues trading in a tight range despite billions of dollars in institutional inflows.Bitcoin has been range-bound for over two months, trading betwee

FTX has started repaying creditors today (Tuesday), beginning with those in the “Convenience Class.” This group includes creditors with claims of $50,000 or less.These individuals will receive full repayment along with 9% annual interest accrued sinc

By Alexander OsipovichStarting Tuesday, some FTX customers are set to get their money back, more than two years after Sam Bankman-Fried's cryptocurrency exchange filed for bankruptcy.Initial payouts starting this week will go to smaller customers wit

A growing number of white-collar convicts, including former FTX CEO Sam “SBF” Bankman-Fried, are exploring pathways for clemency following the election of US President Donald Trump. However, as pardon backlogs continue to grow, the chances of convict

The cryptocurrency market experienced a significant selloff following US President Donald Trump’s announcement of new tariffs on imports from Canada and Mexico, along with threats of increased duties on goods from the European Union. This triggered b

Bitcoin (BTC) has had a volatile 24 hours, plunging from $99,500 to as low as $91,231 amid mounting concerns over impending US trade tariffs on Canada, Mexico, and China. However, some crypto analysts see this sharp decline as a buying opportunity, s

Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, stated that a prolonged tariff war could have a substantial positive impact on Bitcoin over time.Over the weekend, President Donald Trump imposed tariffs on Canada, Mexico, and China.Ta

It was another busy week at CoinDesk as the new Trump Administration continued to roll out a pro-crypto agenda and the industry laid the groundwork for growth in the new cycle. Ripple was at the center of the news. Ondo Finance announced it would off

Update (01.31.25 at 19:45:03 UTC) This article has been updated to change the adjusted EBITDA figure to $380 million as opposed to $330 millionKraken, a centralized crypto exchange, released its 2024 financials showing $1.5 billion in revenue for the

LayerZero Labs has reached a settlement agreement with the FTX bankruptcy estate after two years of legal dispute, the company’s co-founder and CEO Bryan Pellegrino said today on social media platform X.“Ultimately we decided this was not us vs FTX w

Solana-based decentralized exchange Mango Markets will wind down its operations on Monday in the wake of an SEC settlement that required Mango's governance DAO and development organization to destroy their MNGO tokens and delist them from all exchang

The FTX bankruptcy estate has disputed the recently announced sale of FTX EU to Backpack, the cryptocurrency exchange and wallet firm founded by former FTX and Alameda employees.The FTX estate said Backpack “has no involvement whatsoever in the U.S.

Backpack Exchange responded to FTX's claims hours after the bankrupt exchange called the acquisition of its Cyprus entity unauthorised. The latest press release from Backpack emphasised that it has already purchased FTX EU from former insiders, with

Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU.Although Backpack currently ranks only 200th in CoinMa

FTX EU — the European arm of the crypto exchange that infamously collapsed in late 2022 — has been acquired by Backpack Exchange following approval by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission.Backpack Exchange will t

Prosecutors with the United States government overseeing Do Kwon’s criminal case have estimated that the Terraform Labs’ co-founder could potentially have more than one million victims across the world after the collapse of the ecosystem.In a Jan. 6

Data researcher Ben Lilly says the crypto market may face significant turbulence this year, particularly for Solana . He predicts a “Grayscale Effect” that could put pressure on SOL prices.The term refers to the potential impact of scheduled share un

Update (Jan. 3, 2:20 am UTC): This article has been updated to reflect that Stuart Hoegner’s retirement is a separate event from the implementation of MiCA and added additional related news relating to Tether. Stuart Hoegner, General Counsel of Tethe

Cryptocurrency exchange Binance has racked up over $24 billion in inflows from user deposits in 2024, according to data from DefiLlama.In a blog where Binance said its inflows were higher than 10 exchanges combined, Binance said the “growth aligns wi