Chinese creditors are escalating efforts to oppose FTX’s request to withhold $470 million in payouts to users in 49 jurisdictions with uncertain crypto laws. Led by creditor Will, over 500 Chinese claimants are coordinating objections, including formal letters to US courts and regulators. They argue FTX’s reversal contradicts prior promises of equal treatment, as their verified claims were approved under the reorganization plan. China represents 82% of the restricted funds ($380M), raising concerns over fairness and procedural integrity. Critics warn this sets a dangerous precedent for altering confirmed bankruptcy terms based on jurisdiction. The group demands equal treatment, stressing the human impact behind the financial figures.
about Chinese Creditors Fight FTX Over $470M Payout FreezeWill
0 posts last weekSolana Price Predictions: Will It Reach 200 or Drop to 75
Solana (SOL) is currently trading at $145.14, fluctuating between $140.43 and $149.49, following a brief surge after President Trump’s announcement of a Crypto Strategic Reserve. Analysts suggest that while a rise to $200 is challenging, a drop to $75 is possible if it falls below critical support levels around $126. Despite some bullish predictions, risks remain, and the coming days will be crucial for SOL’s price direction.
about Solana Price Predictions: Will It Reach 200 or Drop to 75Stock Market Update Dow Rises S&P 500 and Nasdaq Mixed Amid Economic Concerns
The Dow rose by 150 points, while the S&P 500 and Nasdaq showed mixed results following a weak ADP report. Concerns over potential U.S. tariffs disrupting platinum group metal supplies and consumer vehicle demand were highlighted in a report from the World Platinum Investment Council. Treasury yields remained stable, with the 30-year note at 4.52% and the 10-year rate slightly up at 4.21%.
about Stock Market Update Dow Rises S&P 500 and Nasdaq Mixed Amid Economic ConcernsBitcoin Creates Major CME Gap Amid Weekend Volatility and Analyst Insights
Bitcoin has created a significant CME gap between $84,650 and $93,300 following a volatile weekend, raising concerns of a potential pullback to the low $80,000s. Analysts suggest that while BTC may have reached a temporary low at $78,258, further downside could see it revisit the mid $70,000 range. Current trading is around $90,170, with market sentiment impacted by recent events and a lack of positive catalysts.
about Bitcoin Creates Major CME Gap Amid Weekend Volatility and Analyst InsightsBitcoin Rewards App Fold Begins Trading on Nasdaq as FLD
Bitcoin financial services company Fold has gone public on the Nasdaq under the ticker FLD, starting at $10.25 per share and rising to over $12. Founded in 2019, Fold has processed over $2 billion in transactions and distributed more than $20 million in Bitcoin rewards, aiming to expand access to wealth creation for its clients. The company has partnered with Visa for a rewards debit card and is developing a credit card to allow users to spend USD while earning Bitcoin rewards.
about Bitcoin Rewards App Fold Begins Trading on Nasdaq as FLDAI Agents Transforming Crypto Market Analysis and Data Integration
AIXBT, an AI-driven crypto market analysis tool, processes data from 400 key opinion leaders (KOLs) in real-time, offering traders a refined information funnel that enhances productivity and market awareness. Meanwhile, Cookie DAO, with a market cap of $32 million, is evolving into a vital infrastructure for AI agents, aggregating data to track emerging narratives and market trends. As it develops new features and staking mechanisms, the platform aims to leverage its data capabilities to support the next generation of AI agents in the crypto space.
about AI Agents Transforming Crypto Market Analysis and Data Integration