Category: crypto
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Sora Ventures joins NASDAQ through strategic merger with Top Win, rebrands to AsiaStrategy
Sora Ventures will enter public markets through a partnership with Top Win International Limited. Founder Jason Fang will become Co-CEO of the rebranded firm “AsiaStrategy,” focused on digital assets. TopWin plans to leverage Sora’s expertise in Bitcoin integration to lead investment initiatives in Asia. The move aligns with Asia’s growing interest in digital assets.
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FTX creditors poised to receive $5B by May 30 in latest distribution round
FTX Recovery Trust will distribute over $5 billion to creditors on May 30 as part of the Chapter 11 Plan of Reorganization. Eligible claimants in Convenience and Non-Convenience Classes will receive funds through BitGo and Kraken. This marks the second payment round since FTX entered bankruptcy proceedings, with future payment dates to be disclosed.
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Institutions double down on stablecoins as trust reaches all-time highs – Fireblocks
Institutional adoption of stablecoins has surged due to technical readiness, reduced regulatory barriers, and growing demand for faster cross-border settlements. 86% of surveyed firms are now prepared for stablecoin integration, with 49% actively using stablecoins for payments. Barriers to adoption have decreased, with compliance and regulatory concerns lessening. The focus has shifted from pilots to…
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Abu Dhabi sovereign wealth fund Mubadala expands Bitcoin exposure via IBIT while Wisconsin fund exits crypto ETF
Abu Dhabi’s sovereign wealth fund Mubadala increased its Bitcoin exposure by purchasing 491,000 shares of BlackRock’s iShares Bitcoin Trust. The fund now holds 8,726,972 shares worth over $512 million. In contrast, the State of Wisconsin Investment Board liquidated its Bitcoin ETF holdings, reflecting different strategies in response to crypto volatility.
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DOJ to press on with criminal charges against Tornado Cash developer Roman Storm
The US Department of Justice is continuing federal criminal charges against Tornado Cash developer Roman Storm, including money laundering and sanctions evasion. Despite a potential shift in handling crypto cases, Storm’s trial is set to begin soon. The DOJ’s decision highlights a tension between law enforcement and developers of decentralized software.
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Central Bank of Russia rates Bitcoin the top global investment since 2022
The Central Bank of Russia has ranked Bitcoin as the most profitable investment in the past year, with a 38% return, outperforming gold, stocks, and bonds. Despite short-term volatility, Bitcoin has shown a cumulative return of 121.3% since 2022, leading to its evolution from a speculative asset to a potential cornerstone in global financial portfolios.…
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ETH-BTC rebounds 38% from April low in first real rally of 2025 Alpha 3 hours ago
In the first significant rally of 2025, the ETH-BTC pairing has rebounded by 38% from its low in April. This marks a positive turn for the cryptocurrency market and shows potential for further growth in the future.
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How an insider-led breach sparked a costly scam at Coinbase
Alliance DAO contributor Qiao Wang exposed a social engineering scam targeting Coinbase users following a data breach. Scammers impersonated Coinbase staff, obtained personal data, and tricked users into transferring assets. Coinbase disclosed the breach, terminated insiders involved, and is offering a $20 million reward for information leading to the perpetrators’ arrest. Remediation costs could reach…
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UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise
UBS, a Swiss lender managing over $1 trillion in assets, reports that wealthy clients are allocating up to 5% of their portfolios to crypto as a hedge against inflation and currency volatility. The bank’s 2025 Global Investment Returns Yearbook highlights the evolving role of crypto in modern portfolio construction, with younger investors more open to…
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Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority
Telegram’s founder Pavel Durov criticized WhatsApp, calling it a “cheap copycat” and accusing it of smear campaigns against Telegram. He announced a $50,000 contest to showcase Telegram’s innovative features and leadership in messaging. Durov emphasized that WhatsApp users are using delayed versions of features Telegram introduced years ago, highlighting Telegram’s superiority in innovation.