Author: James Wilson
Hong Kong’s Futu Securities International has announced the launch of its crypto deposit service which facilitates Bitcoin, Ethereum, and Tether deposits and trading for investors. According to the firm’s press release, qualified investors can now make deposits and trade cryptocurrencies on Futu’s all-in-one online trading platform. Hong Kong’s largest online retail brokerage has expanded its suite of cryptocurrencies to include stablecoin deposits for USDT (USDT) as well as major tokens such as Bitcoin (BTC) and Ethereum (ETH). Investors can now use the Futu NiuNiu app to trade crypto as well as traditional asset classes including Hong Kong, U.S., and Japanese…
LINE NEXT and stablecoin issuer Tether will bring USDT payments and rewards to new users in Asia through LINE Messenger and Kaia blockchain. Stablecoin giant Tether (USDT) has rolled out its USDT stablecoin on the Kaia blockchain, expanding its reach to users of LINE Messenger, a popular Korean social media platform. According to a Wednesday press release, the partnership enables over 196 million monthly users of LINE to access and use USDT for payments, rewards, and decentralized finance directly within the app. Tether’s CEO Paolo Ardoino says that through LINE NEXT’s blockchain infrastructure, “over 200 million LINE users will now…
Monda, the leading DEX and liquidity incubator on the Monad blockchain, has rebranded to Purps exchange and now offers cross-chain swaps. According to a recent official announcement on X, Monda has officially rebranded to Purps exchange. The platform’s new home is now Purps.xyz, with the old domain Monda.fund fully redirected. In a follow-up post, the company explained the reasons behind the rebrand. First, the former name “Monda” unintentionally clashed with other “Mon-” projects in the Monad ecosystem, leading to confusion and reputational setbacks. The move to Purps also reflects the exchange’s maturation. As the DEX rapidly scaled, the team felt…
Binance has applied the monitoring tag to six additional tokens, most notably including Movement Labs’ MOVE. The token was previously embroiled in a market maker scandal and the project has since relaunched under a new name. According to a recent notice, the crypto exchange has decided to apply the monitoring tag to a number of tokens, including Movement Labs’ native token MOVE (MOVE). This follows the protocol’s recent rebranding announcement that involves changing its name to Move Industries and removing co-founder Rushi Manche. “Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens,” noted…
Metaplanet’s Bitcoin holdings have reached 5,555 BTC with the latest addition of 555 BTC, as the company reports a year-to-date BTC yield of 136.7% Metaplanet has extended its aggressive Bitcoin (BTC) accumulation strategy with today’s purchase of additional 555 BTC for approximately $54.4 million, acquired at an average price of $96,134 per coin, according to CEO Simon Gerovich, who announced the news on X. Metaplanet has acquired 555 BTC for ~$53.4 million at ~$96,134 per bitcoin and has achieved BTC Yield of 136.7% YTD 2025. As of 5/7/2025, we hold 5555 $BTC acquired for ~$481.5 million at ~$86,672 per bitcoin.…
The Emmy-winning Ozark star Julia Garner is reportedly set to headline Netflix’s dramatization of the FTX saga as Caroline Ellison. Julia Garner is reportedly in talks to play Caroline Ellison, a former top executive in Sam Bankman-Fried‘s fallen crypto empire, in an upcoming Netflix limited series about the collapse of the FTX crypto exchange, Variety has learned, citing sources familiar with the matter. The role would reunite the Emmy-winning Ozark star with Netflix, where she also appeared in Inventing Anna, Maniac, and The Get Down. The series will follow the rise and fall of FTX through the lens of the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The recent crypto market pullback may have caught many off guard, but it also did something useful—it forced the DeFi community to talk about an important topic we usually ignore in a bull market hype: risk management. In March 2025, Hyperliquid—one of the most respected DeFi platforms—was rocked by two market manipulation events. One was a massive long position on Ethereum (ETH), the other a short play targeting a small-cap memecoin called JELLY. These trades weren’t just…
Binance founder Changpeng ‘CZ’ Zhao suggests lowering BSC Chain gas fees by three to 10 times its current rate. In a recent X post on May 7, the former Binance CEO proposed lowering gas fees on the BSC Chain to his followers. According to data from Y Charts, BSC Chain’s average gas price sits at 2.163 Gwei, down 3.91% from yesterday’s average which was at 2.251 Gwei. Compared to last year, BSC Chain’s gas fee has gone down 41.40% from 3.691 Gwei. BSC Chain gas fees | Source: Y Charts In the context of BSC Chain, Gwei is a unit…
On-chain transactions and a circulating letter attributed to Jeffy Yu suggest the Zerebro co-founder may have staged his suicide as part of a planned exit from the crypto industry. Rumors started circulating on May 4 that Zerebro (ZEREBRO) co-founder Jeffy Yu had committed a suicide during a livestream on the memecoin launch platform Pump.fun. A video that appeared to show Yu smoking a cigarette and then shooting himself in the neck spread rapidly on crypto X. While some were skeptical, many believed it to be genuine — especially after Yu’s obituary was published two days later on the memorial platform…
SYRUP’s strong rally followed its listing on crypto exchange Binance, supported by strong growth in its DeFi ecosystem. According to price data from crypto.news, Maple Finance’s (SYRUP) token hit an intraday high of $0.29 yesterday, May 6, putting it up more than 240% from last month’s low. At press time, its price had pulled back some of its gains and settled at $0.23, with its market cap around $253 million. SYRUP’s latest bounce occurred in a high-volume environment, with 24-hour trading volume up 2,400% to nearly $177 million. The hype extended beyond spot markets, with open interest in SYRUP futures…