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cointelegraph.com Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse

Binance has filed a motion to dismiss a $1.76 billion lawsuit brought by the FTX estate, accusing the defunct crypto exchange of trying to deflect blame for its own failure.Filed on May 16 in the Delaware Bankruptcy Court, Binance’s legal team called the suit “legally deficient,” stating that FTX’s collapse was not triggered by market manipulation or hostile action but by internal misconduct.“Plaintiffs are pretending that FTX did not collapse as the result of one of the most massive corporate frauds in history,” the filing said, pointing to Sam “SBF” Bankman-Fried’s conviction on seven counts of fraud and conspiracy.FTX’s estate alleges that Binance received billions in crypto during a 2021 buyback deal, funded improperly with customer assets.Binance rejects this claim, stating that “FTX remained a going concern for 16 months” after the share repurchase and that there was “no plausible claim” the exchange was insolvent at the time.Binance filing to dimiss FTX’s lawsuit against the exchange. Source: Law360newsRelated: Binance wants arbitration for all members of securities class suitZhao’s tweet and FTT crashThe lawsuit also accuses former Binance CEO Changpeng Zhao of triggering a collapse through a tweet on Nov. 6, 2022 announcing the liquidation of FTT tokens.In response, Binance argued that Zhao’s tweet was based on publicly known concerns. “Binance’s decision to liquidate its remaining FTT was, in fact, ‘due to recent revelations’—in particular, the November 2, 2022 CoinDesk article” that exposed Alameda Research’s balance sheet.The company further defended Zhao’s comment that Binance would aim to minimize market impact. “The Complaint contains no such facts” to prove Binance had no intention of following through.CZ announcing plans to liquidate FTT holdings in 2022. Source: CZIn challenging the court’s jurisdiction, Binance said none of the foreign entities named “are incorporated in or maintain their principal place of business in the United States” and thus fall outside the court’s reach.The filing also criticizes the plaintiff’s narrative as “a grab bag of state law claims” based on “pure conjecture—much of it sourced from a convicted fraudster’s hindsight speculation.”Binance has asked the court to dismiss all claims with prejudice. The FTX estate has not yet filed its response. Related: FTX EU creditors can now withdraw money from Backpack exchangeFTX to disburse $5 billion in second round of creditor repaymentsFTX is set to begin its second round of repayments to creditors more than two years after filing for bankruptcy.In a May 15 notice, the FTX Recovery Trust announced that over $5 billion will be distributed starting May 30 through BitGo and Kraken, targeting parties in the second eligible group under the exchange’s reorganization plan.According to the plan, five creditor groups categorized as “convenience classes” are expected to receive between 54% and 120% of their claims. In total, FTX may repay up to $16 billion, depending on the final number of valid claims.Magazine: Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange

news.bitcoin.com Bitcoin Price Watch: Bulls and Bears Battle at $104K Support Zone

Bitcoin traded at $104,391 on June 2, 2025, with a market capitalization of $2.074 trillion and a 24-hour trading volume of $20.70 billion. The intraday price fluctuated between $103,939 and $105,804, revealing a tight consolidation range after a pullback from recent highs. Bitcoin The daily chart indicates that bitcoin is navigating a cooling period after […]

bitcoinist.com Metaplanet Rockets To Top 10 Bitcoin Holders After $117 Million Purchase

Metaplanet, a Tokyo-based investment firm, has just taken its Bitcoin holdings to 8,888 BTC after buying 1,088 more coins. According to official figures, each of the newly acquired Bitcoins cost about $107,770, for a total outlay of roughly $117 million. Related Reading: Bitcoin’s Next Big Buyer? Saylor Points To Bank Of England Based on reports, […]

news.bitcoin.com Latam Insights Encore: Bolivia’s New Anti-Crypto Decision Will Backfire… In Time

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the recent crypto ban in Bolivia, pertaining to the use of crypto for energy imports, could backfire in the future. Latam Insights Encore: Bolivia Excludes Crypto From Energy Settlements Let’s […]

bitcoinist.com Ktoré kryptomeny sa oplatí sledovať v júni 2025? Preskúmajte tieto 3 projekty

Májové oživenie kryptotrhu prinieslo investorom citeľné zhodnotenie ich portfólií, pričom obchodné objemy zaznamenali dynamický nárast a Bitcoin prepísal svoje historické maximum. Na trhu opäť prevláda optimizmus, čo otvára priestor pre zvýšený záujem o nové perspektívne kryptomeny s vysokým rastovým potenciálom. Mnohí investori sa preto aktívne obzerajú po aktívach, ktoré by mohli vhodne doplniť ich diverzifikované […]

bitcoinist.com Meta Builds AI-Powered Headsets for War; After Massive $12M+ Run, MIND of Pepe Presale Ends in a Few Hours

Meta and defense firm Anduril are developing AI-powered mixed reality (MR) headsets to enhance the US military’s battlefield capabilities. As the demand for machine-learning tech continues to soar across various sectors, $MIND – an AI agent token – is thriving on the hype. After a massive $12M+ presale run, the $MIND presale is just hours […]

news.bitcoin.com Spinly’s Lounge: Where Gaming, Music, and Community Collide

This content is provided by a sponsor. iGaming is known for fast spins and thrilling moments. Still, some of the best experiences happen during the in-between. The Spinly Lounge offers a fresh environment within the Spinly web app. It’s built for players who want more than just high-speed action. The Lounge is a place to […]

bitcoinist.com IMF Vs. Bitcoin: Expert Warns Pakistan Will Be The Next To Fold

Less than a week after Pakistan unveiled a plan to channel 2,000 megawatts of surplus electricity into Bitcoin mines and artificial-intelligence data centres, the International Monetary Fund has asked Islamabad authorities for “urgent clarification” and scheduled a stand-alone virtual meeting with the Finance Ministry to discuss the power allocation. The request lands in the middle […]

news.bitcoin.com Elon Musk Claims ‘Bitcoin Style’ Encryption for New XChat Features

Elon Musk has announced that the new XChat feature on the X platform will incorporate “Bitcoin style” encryption, enhancing user privacy and security. According to Musk’s recent post, the updated XChat will include features such as encryption, vanishing messages, and the ability to send various file types, along with audio and video calling capabilities. The […]

news.bitcoin.com An Orb by Delivery: World Launches at-Home Iris Scanning in Argentina

World, the proof of personhood and wallet platform, will allow users in Argentina to request a domiciliary iris scan for verification. This new feature is currently available only in the capital but will be extended nationwide. World Starts Rolling out Domiciliary Iris Scans in Argentina World is executing measures to ease access to its verification […]

blockonomi.com HashFly Cloud Mining – The Most Trusted and Profitable Bitcoin Mining Platform in 2025

As cryptocurrencies continue to gain mainstream traction and technological innovations reshape the industry, cloud mining has emerged as one of the most promising trends in the digital asset space. Leading this evolution is HashFly, a global cloud mining platform committed to delivering secure, efficient, and profitable mining solutions. HashFly consistently enhances its platform performance and [...] The post HashFly Cloud Mining – The Most Trusted and Profitable Bitcoin Mining Platform in 2025 appeared first on Blockonomi.

btcmanager.com CZ suggests building a ‘dark pool’ for DEX perpetual futures after James Wynn’s major loss

Former Binance CEO Changpeng ‘CZ’ Zhao suggests building a pool for decentralized perpetual futures that keeps orders hidden until the transaction is completed to avoid mass liquidations. Recently, high-risk whale James Wynn suffered $100 million losses in liquidated high-leveraged positions.…

blockonomi.com Bitcoin (BTC) Price: Technical Analysis Shows Consolidation Near $105,000 Level

TLDR Bitcoin price tested the $103,200 support zone after declining from $110,500 BTC is now trading above $105,000 and the 100-hourly simple moving average Bitcoin exchange reserves have fallen to an all-time low of 2.5 million BTC Institutional accumulation is increasing with large holders steadily adding to their positions Technical indicators show mixed signals but [...] The post Bitcoin (BTC) Price: Technical Analysis Shows Consolidation Near $105,000 Level appeared first on Blockonomi.

news.bitcoin.com Metaplanet Acquires Additional 1,088 Bitcoin, Boosting Total Holdings to 8,888 BTC

Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,088 BTC as part of its ongoing Bitcoin Treasury Operations. The latest purchase was made at an average price of 15,519,019 yen per bitcoin, totaling approximately 16.885 billion yen. With […]

blockonomi.com Binance Founder CZ Proposes Dark Pool DEX for Crypto Futures Trading

TLDR Binance founder Changpeng Zhao (CZ) has proposed creating an on-chain dark pool DEX for crypto futures trading The proposal comes after trader James Wynn lost $100 million due to market manipulation Current DEXs expose traders to front-running, MEV attacks, and coordinated liquidations CZ suggests implementing concealed order books and zero-knowledge proofs for privacy Experts [...] The post Binance Founder CZ Proposes Dark Pool DEX for Crypto Futures Trading appeared first on Blockonomi.

blockonomi.com Dogecoin (DOGE) Price: Weekly Support at $0.18 Faces Test After 14% Decline

TLDR Dogecoin is trading around $0.19, having fallen nearly 14% in the previous week DOGE closed below its 200-day EMA at $0.21, indicating bearish momentum Critical support zone exists between $0.187-$0.19; breaking below could trigger further decline RSI reading of 39 and bearish MACD crossover signal potential continued downward pressure Bulls need to reclaim $0.195 [...] The post Dogecoin (DOGE) Price: Weekly Support at $0.18 Faces Test After 14% Decline appeared first on Blockonomi.

blockonomi.com XRP (XRP) Price: Digital Asset Tests $2.12 Support Level as Trading Volumes Decline

TLDR XRP is trading at around $2.17, down 1.2% over 24 hours and 6% over the past week The cryptocurrency broke below the mid-range level of $2.27 and is testing early May lows around $2.05-$2.08 Technical indicators show bearish momentum with capital outflows and decreasing trading volumes Despite short-term bearish signals, institutional interest is growing [...] The post XRP (XRP) Price: Digital Asset Tests $2.12 Support Level as Trading Volumes Decline appeared first on Blockonomi.

blockonomi.com Silk Road Founder Auctions Prison Memorabilia for $1.8M in Bitcoin

TLDR Ross Ulbricht received 300 BTC ($31.4M) from unknown sources using Jambler mixing service ZachXBT concluded this was likely not a “self-donation” as the sending wallets were active when Ulbricht was in prison Ulbricht’s auction of personal items and prison memorabilia raised over $1.8M in Bitcoin His final prison ID card sold for 5.5 BTC [...] The post Silk Road Founder Auctions Prison Memorabilia for $1.8M in Bitcoin appeared first on Blockonomi.

bitcoinist.com Best New Crypto to Hodl While BTC Trades Sideways per Analysts

Is Bitcoin too hot for the market to handle? The world’s leading crypto stalled out over the weekend, falling to just above $103K early on before rebounding to $105K. Prices remained generally stable within a 0.4% movement. But take a closer look, and there may be signs that the world’s largest crypto is in for […]

ambcrypto.com Is Solana's latest divergence the first sign of a trend shift for altcoin's price?

Solana's Open Interest hiked in recent weeks - A sign of rising speculative confidence Price action showed a divergence that could mark the start of a recovery Solana [SOL] has been seeing rThe post Is Solana's latest divergence the first sign of a trend shift for altcoin's price? appeared first on AMBCrypto.

news.bitcoin.com Russia Considers Crypto for Settling Grain Exports

The Agricultural Bank of Russia is considering crypto-based tools as an alternative to traditional settlement methods for exporting over 49.5 million tonnes of grain. This measure could open the agricultural commodities market to digital assets, pioneering this use case. Russia Mulls Crypto Settlements for Grain Exports Russia is increasingly open to crypto adoption. The Russian […]

bitcoinist.com Elon Musk’s New XChat Uses ‘Bitcoin-Like’ Encryption—What It Means

Late Sunday, Elon Musk broke the news directly on X: “All new XChat is rolling out with encryption, vanishing messages and the ability to send any kind of file. Also, audio/video calling. This is built on Rust with (Bitcoin style) encryption, whole new architecture. You can do audio/video calls without a phone number across all […]

bitcoinist.com Il prezzo di Dogecoin rischia il tracollo se non regge questo livello chiave

Il prezzo di Dogecoin (DOGE) è tra quelli che hanno subito i colpi più duri durante le recenti flessioni del mercato, nonostante Bitcoin (BTC) sia ancora vicino ai suoi massimi storici. Al momento, DOGE è già sceso sotto il supporto dei 0,20 $, un segnale chiaro che i ribassisti sono tornati a dettare le regole. […]

news.bitcoin.com NYPD Detectives Investigated for Alleged Role in Crypto Entrepreneur’s Kidnapping

Two New York Police Department detectives are under investigation for their alleged involvement in the captivity of an Italian cryptocurrency entrepreneur. Unapproved Security Services Two New York Police Department (NYPD) detectives who reportedly provided security at a luxury apartment where an Italian cryptocurrency entrepreneur was held captive are under investigation. Detectives Roberto Cordero and Raymond […]