FTX Recovery Trust Unlocks $1.6B for Creditors This Month

The FTX Recovery Trust, the entity overseeing the distribution of funds from the bankrupt crypto exchange, announced a third tranche of distributions to creditors, worth about $1.6 billion. According to a Friday announcement, the distribution is scheduled for Sept. 30, and creditors should receive the funds in their accounts within three business days of the…

ETH Rally To $5K Likely As TradFi, ETF Flows Continue

Key takeaways: Strong onchain Ethereum activity and treasury accumulation sustain Ether’s resilience despite validator queue exit pressure. Spot Ether ETFs’ growth and declining exchange balances reinforce the bullish outlook, positioning ETH for a potential breakout. Ether (ETH) has failed to sustain bullish momentum after briefly rallying above $4,700 on Saturday. Traders have become increasingly risk-averse…

US Treasury Opens For Public Comments For Implementation Of GENIUS Act

The US Department of the Treasury on Thursday opened a second period of public comment on the implementation of the GENIUS Act, legislation aimed at regulating stablecoin payments in the US that was signed into law by US President Donald Trump. In a Thursday notice, the Treasury said that, though the advance notice of proposed…

ETH Rally To $5K Likely As TradFi, ETF Flows Continue

Key takeaways: Strong onchain Ethereum activity and treasury accumulation sustain Ether’s resilience despite validator queue exit pressure. Spot Ether ETFs’ growth and declining exchange balances reinforce the bullish outlook, positioning ETH for a potential breakout. Ether (ETH) has failed to sustain bullish momentum after briefly rallying above $4,700 on Saturday. Traders have become increasingly risk-averse…

FTX Recovery Trust Unlocks $1.6B for Creditors This Month

The FTX Recovery Trust, the entity overseeing the distribution of funds from the bankrupt crypto exchange, announced a third tranche of distributions to creditors, worth about $1.6 billion. According to a Friday announcement, the distribution is scheduled for Sept. 30, and creditors should receive the funds in their accounts within three business days of the…

Kevin Durant recovers lost Bitcoin after nearly 10 years on Coinbase

Nearly 10 years after buying Bitcoin on Coinbase, NBA superstar Kevin Durant has regained access to his holdings thanks to a completed account recovery. The news was announced via an X post by Coinbase CEO Brian Armstrong on Thursday evening. “We got this fixed. Account recovery complete!,” Armstrong wrote. Source: Brian Armstrong Durant, a 15-time…

HBAR Slides 3% as Selling Pressure Intensifies, Finds Support at $0.24

HBAR faced steady downward pressure over the past 23 hours, sliding from $0.25 to $0.24—a 3.38% decline. The token initially attempted to build momentum on September 18, reaching $0.25 by 20:00, but sellers quickly overwhelmed demand near that resistance level. Trading activity spiked at 19:00 with volumes topping 55.91 million, underscoring the intensity of selling….

Nasdaq Firm Targets $500M SOL Reserve As Corporate Crypto Treasuries Boom

Corporate cryptocurrency treasuries continued their growth trajectory this week, as publicly listed US companies continued announcing plans to raise hundreds of millions for altcoin treasury reserves. On Monday, Nasdaq-listed Helius Medical Technologies announced the launch of a $500 million corporate treasury initiative built around the Solana token (SOL), signaling more corporate crypto adoption. A day…

Bitcoin Price Capped At $117K, Will Altcoins Rally?

Key points: Bitcoin faced significant resistance at $117,500, indicating that the bears are unlikely to give up easily. Several major altcoins tried to break above their overhead resistance levels, but the bears held their ground, signaling selling on rallies. Bitcoin (BTC) continues to face significant resistance near $117,500, but a positive sign is that the…

Gary Gensler Doubles Down On Crypto Approach Amid SEC Sea Change

In one of his few media appearances since leaving the US Securities and Exchange Commission (SEC) in January, Gary Gensler suggested he had no regrets about his approach to crypto enforcement during his four years at the agency. In a Wednesday interview, CNBC’s Sara Eisen asked the former SEC chair to respond to the agency…