The bankrupt crypto exchange FTX is reportedly primed to begin paying its main group of creditors at the end of May. Business restructuring lawyer Andrew Dietderich said in court last week that the payouts are scheduled to begin on May 30th, Bloomberg reports. FTX will use its $11.

$ACT has launched an investigation after its token experienced a sharp price drop on Binance.

TL;DR Bybit will shut down its NFT marketplace, inscription platform, and IDO service on April 8, 2025, to optimize its services. The NFT market has dropped 70% in one year and over 95% since December 2024, with declining interest in speculative assets.

Taiwan is on the fast track to regulating crypto by introducing mandatory licenses for every firm trading digital assets. The Financial Supervisory Commission (FSC) and a member of the Legislative Yuan have drafted separate versions of the “Virtual Asset Service Act,” which, if enacted, would change the country's crypto framework.

Asset manager Grayscale has filed to list an exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, US regulatory filings show.On April 1, Grayscale submitted an S-3 regulatory filing to the US Securities and Exchange Commission (SEC), which is required to convert the non-listed fund to an ETF. The Grayscale Digital Large Cap Fund, which was created in 2018 but is not yet exchange-traded, holds a crypto index portfolio comprising Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP) and Cardano (ADA).

Market maker Wintermute sold off huge quantities of ACT and other BNB meme coins on April 1, tanking their prices by as much as 50%. Wintermute CEO denied intentionally selling these assets and started re-buying them.

An attorney told Decrypt the act is an "innovative legal framework that streamlines the asset recovery process."

TL;DR This week, markets will be watching U.S. economic events that could influence the price of Bitcoin and other cryptocurrencies. On Tuesday, the ISM Manufacturing PMI report could indicate weakness in the manufacturing sector, which would benefit Bitcoin as a safe haven.

The crypto market recovers ahead of Trump's Liberation Day tariff announcement. Bitcoin reclaims its $84K price level with a 2.41% rise in the last 24 hours.

Though the downturn hasn't been universal, the first quarter (Q1) of 2025 has been devastating for cryptocurrency traders, with many of the biggest digital assets collapsing in value.

Binance Megadrop has announced its fourth project – KernelDAO (KERNEL), a restaking protocol supporting three key tokens Kernel, Kelp, and Gain.

After acquiring FTX EU earlier this year, Backpack became responsible for distributing court-approved bankruptcy claims.

The UPCX decentralized payment project was hacked for $70M in UPC tokens. The hacker transferred over 18.4M tokens, surpassing the current circulating supply.

TL;DR Grayscale requested the conversion of its Digital Large Cap Fund into an ETF, aiming to offer institutional investors more regulated access. Bitcoin rose 2.48% in 24 hours following the announcement, reaching $84,195.32, with a 34.7% increase in trading volume.

On March 27, the crypto market saw its total market capitalization fall by $100 billion in the span of just 24 hours. This was followed by further losses, as digital assets marked $100 billion in outflows over the course of the weekend.

A number of altcoins and memecoins saw a sharp sell-off on April Fools' Day, April 1, with some tokens, including Act I The AI Prophecy, dropping nearly 60% in minutes.Act I The AI Prophecy (ACT), a token associated with the eponymous project focused on artificial intelligence, plunged 58% from $0.19 to $0.08 in less than an hour on April 1, with its market cap shedding $96 million, according to data from CoinMarketCap. The sharp drop of ACT came along with notable red action in the altcoin market, with memecoins like sudeng (HIPPO), CZ'S Dog (BROCCOLI), Kishu Inu (KISHU), DeXe (DEXE), dForce (DF) and more seeing significant price declines.

In South Korea, the number of people holding cryptocurrency accounts has surpassed 16 million, a notable rise attributed to the boost seen after the 2024 U.S. presidential election.

There's no denying that North Korea's Lazarus Group is a threat, especially as crypto works overtime to be seen as a safe and acceptable industry (sorry degens, there are still corners for you).

DWF Labs managing partner says the firm is ready to step in to help crypto projects that suffered a ‘weird dump' on Binance.

The Crocodilus malware is employing social engineering tactics and accessibility features to steal cryptocurrency wallet credentials, primarily targeting Android users in Spain and Turkey.

Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space.

A 2025 report by TRM Labs shows Russian-language darknet platforms generated over $1.7B in crypto drug revenue in 2024, with TRON, Bitcoin, and Ethereum facilitating transactions tied to synthetic opioids and cartel operations. The post Russian Language Marketplaces Remain Drivers of Crypto Drug Sales: TRM Labs Report appeared first on Cryptonews.

Cryptocurrency exchange Bybit has announced the shutdown of its non-fungible token (NFT) marketplace.In an April 1 announcement, Bybit warned its users that its NFT marketplace will cease operations on April 8, 2025, at 4:00 pm (UTC). Furthermore, at that time, the exchange will also shut down its Inscription Marketplace and its initial decentralized exchange offering initiative.

"This crypto-friendly stance has the potential to accelerate crypto adoption, including by institutional investors," an ESMA spokesperson said.

The crypto market has been on an upward trend, reaching a new high of $2.73 trillion after a shaky March. However, this week brings key US economic reports that could influence market movements. Investors are keeping an eye on employment data, manufacturing trends, and a speech from Federal Reserve Chair Jerome Powell.

Blockchain security firm TRM Labs reported that Russian-language darknet marketplaces dominated crypto-linked drug transactions in 2024. According to the report, the platforms were behind more than 97% of the drug-related crypto activity on the Bitcoin and TRON networks.

The National Monetary Council, one of the major institutions managing monetary system policies in Brazil, issued this cryptocurrency investment ban for pension funds as it considered crypto's “specific investment and risk characteristics” in a resolution issued on March 27.

A closely followed crypto strategist believes that the native asset of a layer-2 scaling solution could witness an over 3x rally this year.

A cryptocurrency trader suffered a $3.79 million loss after Binance unexpectedly updated leverage and margin tiers for select tokens.

Changer Club, an exclusive club for entrepreneurs with a net worth of $5M+ in liquid assets, with ambitions to shape the future, has announced a strategic investment in EVEDEX, a next-generation decentralized exchange and decentralised financial ecosystem. This decision aligns with the club's ongoing mission to develop infrastructure for the next financial generation.

The Kentucky has officially closed the legal proceedings against Coinbase related to the staking services offered by the exchange. With this decision, the State joins Vermont and South Carolina in withdrawing the legal actions taken in recent months, confirming a trend reversal in state policies towards greater openness to the crypto sector.

Publicly traded US-based crypto exchange Coinbase saw its worst quarter since the collapse of crypto exchange FTX in 2022.Coinbase shares started 2025 trading at just over $257 on Jan. 2 and ended the quarter at a little over $172 on March 31, a dip of 33%, according to market data. This makes the first quarter of 2025 the worst for Coinbase's stock performance since the collapse of FTX in November 2022.

Major South Korean record label HYBE shutters its blockchain project Binary Korea less than three years after launching due to poor financial performance. The post K-pop Giant and BTS Label HYBE Abandons Blockchain Project appeared first on Cryptonews.

Crypto exchange Bybit is shutting down its NFT and inscription marketplaces just weeks after losing nearly $1.5 billion in what is believed to be one of the largest crypto heists to date.

Following ‘smart money' is one of the ways that newbie crypto traders and investors can avoid the pitfalls that come with actively participating in this volatile market.

The company's former COO Samuel Howe also recently exited the business.

As the crypto market's volatility remains, investors' question is which to hold this week. The historical crypto market reveals that every time March had a bearish end, April turned out to be super bullish for digital assets.

Grayscale Investments has filed an S-3 form with the U.S. Securities and Exchange Commission to convert its Digital Large Cap Fund into an exchange-traded fund.

Crypto exchange Backpack has officially launched the claims process for users of the now-defunct FTX EU platform, according to an April 1 statement. BackPack CEO Armani Ferrante said: “It's been a long, complicated process with multiple parties, but we're happy to finally open up identity verification for FTX EU customers on [our website.

TL;DR Charles Hoskinson, founder of Cardano, claims that the approval of stablecoin legislation will open the door for major tech companies to adopt cryptocurrencies. Companies like Apple, Google, and Meta could facilitate mass adoption of crypto assets thanks to their billions of users.

GUNZ is a Layer 1 blockchain built for AAA Web3 gaming by Gunzilla Games. It supports a robust gaming ecosystem, offering tailored services for both developers and players.

There's a new institutional-grade DeFi yield platform in town, we've exclusively learned.

0xbow is introducing Privacy Pools to the Ethereum blockchain. Privacy pools protect the transaction history of users without any legal complications.

Several tokens on Binance, including ACT, fell sharply and unexpectedly on April 1.

CertiK data revealed that crypto security improved in March. As per the blockchain security firm, frauds totalled $28.8 million in March.

The Dencun attack on SIR.trading exposed Ethereum Dencun upgrade vulnerabilities, disrupting DeFi. After releasing this protocol update, the attack preyed on the opportunity.

A former executive of the Web3 game Blade of God X (BOGX) has accused the project of abandoning its blockchain-based roadmap after raising funds through the crypto space.On April 1, BOGX's former chief marketing officer Amber Bella claimed in an X post that despite being funded by Web3 sources, the game “completely abandoned” its Web3 goals and the team working on its Web3 features. “Web3 was completely abandoned, and my Web3 team's salaries went from delayed payments to no payments at all,” Bella claimed.

Cryptocurrency exchange Bybit announced it will discontinue its NFT and Inscription marketplaces as well as shut down its IDO products.