Brazilian fintech giant Méliuz has made history by becoming the first publicly traded company in Brazil and Latin America to adopt Bitcoin as a treasury asset. The decision, which marks a major shift in the company’s financial strategy, was approved overwhelmingly by shareholders during an extraordinary general meeting on May 15, 2025. The cashback-focused firm,…
FTX Trading Ltd. and the FTX Recovery Trust have officially announced that a $5 billion second distribution will be made to eligible creditors starting May 30, 2025. This substantial payout comes as part of the crypto exchange’s Chapter 11 reorganization plan, which aims to compensate creditors after the platform’s dramatic collapse in November 2022. The…
Trump-backed World Liberty Financial (WLFI) has passed a governance proposal to initiate a test airdrop of its USD-pegged stablecoin, USD1, to eligible WLFI token holders. The proposal, which received a 99.96% approval rate with over 12,000 votes, aims to distribute a “small amount” of USD1 to current token holders. Details of the Airdrop Test According…
Ukraine may soon move forward with legislation to establish a state-run Bitcoin reserve, according to Ukrainian MP Yaroslav Zhelezniak, who serves as the First Deputy Chairman of the Finance Committee. Speaking to local media, Zhelezniak confirmed plans to introduce a draft bill focused exclusively on Bitcoin reserves, marking a significant shift from earlier discussions of…
Al Abraaj Group has become the first publicly listed company in the Middle East to adopt Bitcoin as a treasury asset, starting with an initial purchase of 5 BTC. The Bahrain-based conglomerate announced its decision on Thursday, stating that the move is part of a broader long-term strategy to maximize shareholder value. Pioneering Bitcoin Adoption…
Pi Network is making a bold move to expand its ecosystem with the launch of Pi Network Ventures, a $100 million venture fund aimed at fueling startup growth. Announced on May 14, the initiative seeks to drive real-world adoption and utility for Pi Network’s native cryptocurrency by investing in innovative projects across various sectors. Targeting…
The cryptocurrency market experienced a robust recovery in April 2025, surging 9.9% primarily driven by Bitcoin (BTC), according to a Binance Research report released on May 6. The positive momentum was largely attributed to tariff pauses between the U.S. and China, which boosted market sentiment. Bitcoin Dominance Continues to Rise Bitcoin’s share of the total…
FalconX, the California-based crypto prime broker, has announced a strategic partnership with global banking giant Standard Chartered to expand its reach into institutional crypto markets. This collaboration marks FalconX’s first partnership with a major traditional bank and highlights the increasing demand for regulated digital asset infrastructure among large investors. Details of the Partnership: According to…
Avalanche’s native token, AVAX, saw a near 5% price surge over the past 24 hours as the blockchain network celebrated two major milestones. The Avalanche Foundation shared details of the impressive growth, marking May 11, 2025 as a standout day for the platform. Milestones Achieved: Daily Transactions: Avalanche hit an all-time high of 10.8 million…
Uniswap, the pioneering decentralized exchange (DEX), has reached a historic milestone by surpassing $3 trillion in total trading volume. Founder Hayden Adams shared the achievement on May 12 in a post on X, thanking the community for its ongoing support and hinting at even bigger goals in the future. The announcement included an infographic from…