GMX, the leading permissionless perpetual exchange, has launched its multichain expansion starting with Coinbase’s Base network, marking a watershed moment for decentralized finance. This strategic move opens GMX’s deep-liquidity markets to over 1.3 million Base users while enabling seamless cross-chain trading across all EVM-compatible blockchains through LayerZero’s interoperability protocol. The expansion represents GMX’s ambitious plan to become the universal perpetual trading platform across every major public blockchain without compromising DeFi’s core principles of permissionless access and user sovereignty.
about GMX Launches Multichain Perp Trading on Base Network
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Generated 0 posts last week GMX Launches Multichain Perp DEX on Base Network
GMX, the leading permissionless perpetual exchange, has launched its multichain expansion on Base, Coinbase’s Ethereum Layer 2 network, marking a strategic evolution in decentralized finance. This move opens GMX’s deep-liquidity markets to over 1.3 million Base users while enabling seamless cross-chain access from all EVM-compatible blockchains through LayerZero’s interoperability protocol, positioning GMX as a truly omnichain trading platform.
about GMX Launches Multichain Perp DEX on Base NetworkKuCoin Expands Menstrual Equity Project to The Bahamas
In a significant move blending corporate social responsibility with targeted humanitarian aid, global cryptocurrency exchange KuCoin has expanded its Menstrual Equity Project to The Bahamas in 2025. The initiative, a partnership with the Global CSR Foundation and the American Medical Women’s Association (AMWA), directly tackles period poverty by providing essential menstrual hygiene products to underserved communities. Spearheaded locally by First Lady H.E. Mrs. Ann Marie Davis, this expansion underscores KuCoin’s strategic commitment to leveraging its resources for tangible social impact, particularly in women’s health and education, while navigating its global compliance journey.
about KuCoin Expands Menstrual Equity Project to The BahamasLimeWire Revives Fyre Festival with Web3 Crypto Integration
LimeWire, the former file-sharing platform turned Web3 innovator, has acquired the complete intellectual property portfolio of the infamous Fyre Festival in a bold move to resurrect one of history’s most notorious brand failures. The company plans to leverage its native LMWR token to power a new generation of offline events and services, marking one of the most ambitious attempts to merge physical experiences with blockchain technology while rehabilitating a brand synonymous with spectacular failure.
about LimeWire Revives Fyre Festival with Web3 Crypto IntegrationFTX Begins Repayments to Creditors Signaling Potential Crypto Market Recovery
FTX Digital Markets will begin repaying its first group of creditors on February 18, 2025, focusing on those with claims of $50,000 or less, distributing approximately $1.2 billion. While this may signal a recovery in the crypto market, many smaller creditors might opt to save their repayments or invest in traditional assets instead of returning to crypto. Larger creditors are still awaiting repayment plans, with total distributions expected to reach between $14.7 billion and $16.5 billion.
about FTX Begins Repayments to Creditors Signaling Potential Crypto Market RecoveryFTX Begins Repaying Creditors After Long Wait Amid Market Challenges
FTX’s bankruptcy estate has begun repaying creditors, distributing $1.2 billion to those with claims under $50,000 after 27 months of uncertainty. Sunil Kavuri, an advocate for affected customers, warns against risky investments with the returned funds, urging caution amid ongoing market volatility. The estate still holds over $16 billion for future repayments to larger claim holders.
about FTX Begins Repaying Creditors After Long Wait Amid Market ChallengesFTX to Begin Repayments to Creditors in February 2025
FTX Digital Markets will begin repaying its first group of creditors on February 18, 2025, focusing on those with claims of $50,000 or less, distributing approximately $1.2 billion. While this may signal a recovery in the crypto market, many smaller creditors might opt to invest in traditional assets instead of returning to cryptocurrencies. Larger creditors are still awaiting repayment plans, with total distributions expected to reach between $14.7 billion and $16.5 billion.
about FTX to Begin Repayments to Creditors in February 2025FTX Begins Repaying Creditors as Memecoin Scandals Impact Solana
FTX is set to begin repaying $1.2 billion to creditors on February 18, marking a significant step in the exchange’s bankruptcy recovery after its $9 billion collapse. Meanwhile, Argentine President Javier Milei denied promoting the failed Libra memecoin, which has led to lawsuits against him. Additionally, sentiment around Solana’s SOL coin is turning bearish as traders react to recent memecoin scandals, with the long to short position ratio dropping significantly.
about FTX Begins Repaying Creditors as Memecoin Scandals Impact SolanaFTX Begins Bitcoin Transactions Ahead of Creditor Repayments
FTX has initiated Bitcoin transactions ahead of creditor repayments set for February 18, prioritizing customers with claims under $50,000. A wallet linked to FTX moved 0.3 Bitcoin in three transactions, possibly as test transfers for the upcoming payouts. Eligible creditors can expect full reimbursement of their claims plus 9% annual interest from November 2022, with projections indicating that around 98% of users will receive 119% of their claim value.
about FTX Begins Bitcoin Transactions Ahead of Creditor RepaymentsWhale Activity Surges for Fasttoken Amid Layer One Blockchain Growth
Fasttoken (FTN), the native token of the Bahamut blockchain, has experienced a remarkable 600% surge in whale transactions this week, according to crypto analytics firm Santiment. This mid-cap layer-1 altcoin, utilizing a unique Proof of Stake and Activity (PoSA) consensus mechanism, is currently ranked 66th by market cap, valued at $1.691 billion and trading at $3.94.
about Whale Activity Surges for Fasttoken Amid Layer One Blockchain GrowthFTX Begins Repaying Bahamas Creditors Starting February Eighteenth
FTX will commence repayments to Bahamas-based creditors on February 18, starting with claims under $50,000, categorized as “Convenience Class.” Eligible creditors will receive 100% of their claim value plus 9% interest, with payments processed by BitGo. This marks a significant step in the recovery process nearly three years post-collapse, although other former FTX users must wait until March 4 for their reimbursements.
about FTX Begins Repaying Bahamas Creditors Starting February EighteenthIOTA Founder Critiques EU’s Digital Euro and Blockchain Adoption Challenges
IOTA’s founder, Dominik Schiener, has criticized the European Central Bank’s digital euro proposal for its slow adoption of blockchain technology, warning that Europe risks falling behind in the global tech race. He advocates for prioritizing blockchain and decentralized currencies to enhance financial freedom, as other regions advance rapidly with their digital currencies. Meanwhile, the ECB faces pressure to launch the digital euro amid concerns from banks about losing customers to digital wallets.
about IOTA Founder Critiques EU's Digital Euro and Blockchain Adoption Challenges