FTX Will Payout Over $5bn to Creditors in Second Distribution.
In a latest update to the now-defunct cryptocurrency exchange FTX’s Chapter 11 bankruptcy proceedings, FTX Trading Ltd. and the FTX Recovery Trust has announced that it will commence its second distribution of over $5 billion to creditors on May 30.
The announcement marks a crucial step in returning funds to those impacted by FTX’s financial downfall in 2022, which exposed an $8 billion deficit amid a surge in customer withdrawals.
The announcement revealed that all eligible creditors can expect payments within 1 to 3 business days via Distribution Service Providers Bitgo or Kraken.
Following the news, FTT token jumped 6.5%, trading around $1.23.
Méliuz Becomes Brazil’s First Public Bitcoin Treasury Firm.
Brazilian fintech firm Méliuz has made history by becoming the country’s first publicly traded Bitcoin treasury company.
On May 15, Méliuz purchased 274.52 Bitcoin worth $28.4 million at an average price of $103,604. This brings its total Bitcoin holdings to 320.3 BTC, which are now valued at over $33 million. The latest purchase adds to its initial purchase of 45.73 BTC made on March 6.
After Méliuz became involved in Bitcoin, its stock has seen a huge rise. The stock has risen by 117% on the Brasil Bolsa Balcão and is now considered one of the top performers since March.
Nasdaq Extends Decision on 21Shares Spot Polkadot ETF.
Nasdaq extended a decision deadline for the 21Shares Spot Polkadot (DOT) ETF. The move mirrors the deliberations that continue on the approval of exchange-traded funds based on cryptocurrencies.
Nasdaq formally filed a Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) in March 2025, seeking approval to list and trade shares of the 21Shares Polkadot Trust ETF.
Bitcoin, Trump Coin in Spotlight Amid $800mn Corporate Buy Plan.
Addentax Group Corp, an integrated service provider based in Shenzhen, China, said in an announcement today that it plans to purchase as many as 8,000 Bitcoin (BTC) and Trump (TRUMP) memecoin.
The company said it plans to ensure this deal by issuing shares of its common stock. It is currently negotiating with some major Bitcoin and cryptocurrency holders but has not concluded any deal so far, according to the press release.
This deal, if finalized, would be around $800 million based on the current market valuation of the digital assets.
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