7*24

Hot topic

Market

Activities

FTX Lawyers Pay $54M In Settlement Over Services Rendered To Exchange – Details In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its 

FTX Lawyers Pay $54M In Settlement Over Services Rendered To Exchange – Details

In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct tied to one of the largest financial frauds in US history.
Fenwick Denies Knowledge Of FTX Illicit Activities Despite Settlement
According to court filings as reported by Reuters, Fenwick & West served as a lead outside counsel for FTX during the exchange’s rapid expansion into a global crypto trading platform. Plaintiffs in the class action lawsuit alleged the firm “helped to craft and implement strategies that facilitated FTX’s fraud,” accusing the lawyers of assisting with regulatory and operational structures later tied to the misuse of customer funds.

The proposed settlement agreement still requires approval from US District Judge K. Michael Moore in Miami. Attorneys representing FTX customers, including prominent litigator David Boies, argued the deal was reasonable and would prevent prolonged and costly litigation.

However, Fenwick rejected allegations that it knowingly participated in fraudulent conduct. In a public statement, the law firm said it “was not aware of the fraud at FTX,” adding that it stood by the integrity of its legal work. The $54 million agreement marks the largest settlement in a second wave of FTX-related class action resolutions.

Other settlements include an $11.75 million payment from former FTX auditor Prager Metis and a $420,000 settlement involving former Miami Heat player Udonis Haslem, who promoted the exchange.

HTX  Creation Challenge — Post and Win 1,500U 💥

FTX Lawyers Pay $54M In Settlement Over Services R

Everything Can Be Huobao

Blockchain On-Chain Metrics: Ethereum, Bitcoin, Solana, BSC, Tron & Base Weekly Report (May 18–24, 2026) Grab Your Share of the 300 USDT Prize Pool!HTXSquare: Global Markets After Trump China VisitHTX

Blockchain On-Chain Metrics: Ethereum, Bitcoin, Solana, BSC, Tron & Base Weekly Report (May 18–24, 2026)


Grab Your Share of the 300 USDT Prize Pool!

HTXSquare: Global Markets After Trump China Visit



Ethereum maintained its position as the largest smart-contract network with TVL consistently above $42 billion, while stablecoin liquidity remained above $164 billion throughout the week.

Solana continued to dominate on-chain activity, processing 74-80 million daily transactions and recording some of the highest perpetual futures volumes among major blockchains.

BSC Chain (BSC) demonstrated strong retail participation, averaging over 2.6 million active addresses and reaching 18.1 million daily transactions during the week.



Blockchain On-Chain Metrics: Ethereum, Bitcoin, So

Morpho surges 10% - Yet ONE hurdle could block the push to $2.36 Morpho I$MORPHO] posted a 10.3% gain over the past day at press time, as activity surged in the perpetual market and bulls continue to 

Morpho surges 10% - Yet ONE hurdle could block the push to $2.36
Morpho I$MORPHO] posted a 10.3% gain over the past day at press time, as activity surged in the perpetual market and bulls continue to drive the rally.
The market structure, however, shows one remaining hurdle that needs to be cleared before price can extend further, with structural resistance posing a credible barrier to the upside.

Morpho surges 10% - Yet ONE hurdle could block the

Rain: Uniswap for Predictions on Arbitrum

Crypto-Backed Super PACs in Focus as Lawmakers Push $5,000 Donation CapThe Abolish Super PACs Act, introduced in the House and Senate, would cap individual super PAC donations at $5,000 amid growing c

Crypto-Backed Super PACs in Focus as Lawmakers Push $5,000 Donation CapThe Abolish Super PACs Act, introduced in the House and Senate, would cap individual super PAC donations at $5,000 amid growing concerns over crypto-backed campaign spending and other independent election expenditures.
Key Takeaways:
House and Senate lawmakers proposed a $5,000 limit on super PAC donations.
Crypto-linked super PACs gained influence during stablecoin and market structure policy debates.
Supporters argue tighter contribution limits could reduce concentrated election spending
power.

Crypto-Backed Super PACs in Focus as Lawmakers Pus

BILL: Human-AI Collaboration Network

BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolATWO: Fans Vote to Change Live OutcomesA Satoshi-era miner locked in $203 million in profit, sending 30% of their Bitcoin holdings to 

A Satoshi-era miner locked in $203 million in profit, sending 30% of their Bitcoin holdings to market makers Cumberland and FalconX amid falling structural demand and false geopolitical expectations. 
Advertisemen
Instead of selling directly on exchanges, the investor split 2,650 BTC into three tranches, two of 1,000 BTC each and one of 650 BTC, sending them to professional intermediaries - which may be an attempt to realize a massive crypto position discreetly, without creating panic in exchange order books. One of the wallets of the whale, Source: ArkhamHowever, the early miner is not leaving completely, as another 6,000 BTC, equivalent to $462 million, remains in their wallets.

HOT Stories

Crypto King Barry Silbert: Privacy Era is Here

Zcash (ZEC) Paints Falling Star as Momentum Fades, Toncoin (TON) on Verge of Bullish Boundary, Shiba Inu (SHIB) Price Reset Is Near: Crypto Market Review
Why on-chain metrics signal a potential 'bull trap'This large capital movement coincided with a powerful emotional pump across global markets. Financial media and algorithmic trading systems are now actively pricing in expectations of a soon-to-be-signed agreement in the Middle East, with the possible reopening of the strategically important Strait of Hormuz to restore oil supplies. 
Advertisement

Risk assets are rising on a wave of optimism, although there is still no objective confirmation that the blockade has been lifted.Possibly understanding that the market has already fully priced a positive outcome into current valuations, major players are using this impulse to lock in real liquidity at local highs, turning the rally into a potential bull trap. Such haste by institutions and early miners becomes fully justified when looking under the hood of the crypto market itself.
You Might Also Like
Mon, 05/25/2

A Satoshi-era miner locked in $203 million in prof

$SOMI activity increased without a visible catalyst. volume sits near $1.9M, roughly double the recent average. price pushes higher appear to be fading, with buyers showing less urgency than earlier s

@Openledger entered my attention in a quieter way than many projects usually do. It was not through noise, aggressive promises, or the familiar language that often surrounds emerging crypto systems. I

OpenLedger and the Quiet Economics of Invisible AI Contribution

#Strategy has paused its Bitcoin purchases this week as the company moved to repurchase convertible debt, while Michael Saylor has continued signaling that future Bitcoin sales remain possible as part

#Strategy has paused its Bitcoin purchases this week as the company moved to repurchase convertible debt, while Michael Saylor has continued signaling that future Bitcoin sales remain possible as part of the firm's capital management strategy.
Summar
Strategy paused Bitcoin purchases this week as the company moved to repurchase nearly $1.5 billion in convertible notes.
Michael Saylor has said that Bitcoin sales before the end of 2026 are "not unlikely" as Strategy adjusts its capital structure.
The company currently holds 843,738 BTC worth more than $65 billion.
According to a post published by Strategy executive chairman Michael Saylor on X, the company bought bonds instead of Bitcoin this week, with Saylor stating that the
"BitVac is charging."
This week we bought bonds, not bitcoin. The BitVac is charging. pic.twitter.com/ yUpVNiNTPT— Michael Saylor (@saylor) May 24,2026
The comment came as investors watched for signs of another Bitcoin acquisition following recent weakness in both Bitcoin and MSTR stock.
Earlier disclosures from Strategy showed the company plans to repurchase nearly $1.5 billion in face value of its 0% convertible senior notes due 2029 for about $1.38 billion in cash. Company filings said the repurchase could be funded through existing cash reserves, proceeds from at-the-market stock sales, and potential Bitcoin sales
Just days before the latest announcement, Saylor said during an interview that it was
"not unlikely" that Strategy could sell some Bitcoin before the end of 2026. During the interview, Saylor said models relying only on equity, credit, or Bitcoin underperformed compared with a more flexible capital allocation approach
Strategy keeps focus on balance sheet and Bitcoin accumulation
Strategy has continued adding to its Bitcoin holdings in recent months. The company
previously disclosed that it purchased 24,869 BTC for about $2.01 billion using proceeds raised through sales of STRC perp

Strategy has paused its Bitcoin purchases

Bitfone Brings BUSD Mining to Mobile with Multi-Blockchain Support Bitfone, the first decentralized digital currency that operates on a peer-to-peer network without banks, has announced plans to promo

Bitfone Brings BUSD Mining to Mobile with Multi-Blockchain Support
Bitfone, the first decentralized digital currency that operates on a peer-to-peer network without banks, has announced plans to promote $BUSD mining via its mobile app during its testnet phase.
Basically, Bitfone is going to expand the $BUSD availability beyond its BIT-20 network onto various major blockchain ecosystems.
The core purpose is to allow mobile $BUSD mining and seamless cross-chain transfers across multiple blockchain networks. Bitfone has a plan to expand this mining network across major blockchains, including the Bitcoin Network. Solana Network, BNB Smart Chain, the Open Network, and Pl Network. Bitfone has released this news through its official social media X account.

Bitfone Brings BUSD Mining to Mobile with Multi-Bl

BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolGrab Your Share of the 300 USDT Prize Pool!Ethereum Price Prediction: Bankless Founders Sold Their ETH — Here’s What the Chart Says Ne

Ethereum Price Prediction: Bankless Founders Sold Their ETH — Here’s What the Chart Says NextEthereum trades at $2,104 on May 25, holding barely above the channel’s lower trendline after a 12% pullback from early May highs, as negative sentiment, ETF outflows, and high-profile $ETH sales pile pressure on a chart that has no clean floor below 

Ethereum Price Prediction: Bankless Founders Sold

MU: Top Memory Chip Maker 

sell meme coins, buy gaming like $ILV & $ENJ

<p>sell meme coins, buy gaming like $ILV &amp; $ENJ</p>

Bitcoin Slides to Three-Week Low Under $77K Amid Bear Dominance

BREAKING – Bitcoin Depot, Operator Of 9,000+ ATMs, Files For Bankruptcy Protection

Anthropic Founder's Handbook: How to Build an AI-Native Company!

XRP Ledger Hard Fork In 8 Days? Upgrade Deadline Sparks Network Split Debate

As Presale Funding Nears $7.2 Million, Ozak AI’s Early Pricing Window Begins to Narrow

Market Expert Updates XRP Roadmap To $300 With New Data

$50 Million Funding Ignites Airdrop Anticipation, Variational Becomes New Focus of Perp DEX

Cloudflare CEO: How I Decided Which Employees to Replace with AI?

Secures Over $60 Million in Funding from Dragonfly, Sequoia, and Others. An In-Depth Look at the On-Chain Derivatives Protocol Variational | CryptoSeed

Todos los comentarios0Lo más recientePopular

Temas populares