Tron (TRX) founder Justin Sun has accused First Digital Trust (FDT), the issuer behind the FDUSD stablecoin, of orchestrating a large-scale fraud involving the misuse of reserve assets backing rival stablecoin TUSD. In a detailed statement posted on social media, Sun compared FDT’s alleged misconduct to FTX’s infamous collapse, describing the FDT scandal as “significantly worse.” According to Sun, FDT withdrew $456 million from TUSD’s custody reserves without notifying customers and then allocated the funds as an unsecured loan to a “suspicious third party” based in Dubai. Sun alleges that the money trail indicates laundering activities and a coordinated embezzlement effort, which he says rises to the level of a crime. While FTX founder Sam Bankman-Fried (SBF) was recently convicted for his role in the misuse of customer funds, Sun claims that FDT’s actions are even more egregious. Noting that SBF at least used tokens like FTT and SRM as collateral for loans and invested in notable firms like Robinhood and artificial intelligence startup Anthropic, Sun alleged that FDT moved funds into fraudulent assets without any transparency or security. Related News: BREAKING: Binance Makes First Official Statement on FDUSD Drop Sun also highlighted differences in the response to the crisis: While SBF cooperated with authorities and legal teams to recover user assets, FDT’s leadership remained silent and indifferent, according to Sun. Sun warned that the unfolding situation threatened to damage Hong Kong’s reputation as a financial centre. He called for urgent regulatory intervention, echoing the decisive steps taken by US authorities during the FTX crash. “Hong Kong must act quickly, decisively and effectively, like its US counterparts. We cannot allow fraudsters to continue their pyramid schemes against the people,” he said. Sun’s statement also revealed that he was approached for funding support during both the FTX and FDT crises. While he declined to bail out FTX due to the scale of its collapse, he said he was “forced to support user losses” in the FDT case due to his role as an advisor to Techteryx, a company associated with the TUSD ecosystem. Although the FDUSD price has not completely stabilized at the time of writing, it is trading at $0.9953, close to $1. *This is not investment advice. Continue Reading: New Statement from Tron (TRX) Founder Justin Sun on FDUSD Crisis
Nomy Finance has officially closed a $10 million strategic Investment from MahrebGroup—marking a critical milestone as the platform accelerates its global expansion and moves toward what’s expected to be one of the most significant public sales in crypto finance this year. This partnership represents one of the most significant efforts yet to integrate decentralized finance (DeFi) with traditional finance (TradFi). Sources familiar with the matter indicate that the newly formed entity plans to connect digital assets and fiat-based systems on a scale previously unseen. More than just another lending protocol, Nomy stands at the intersection of venture capital, professional trading infrastructure, and digital wealth management. With over 620+ successful pre-market token launches under its belt and an established presence as a trading and liquidity partner, Nomy is building a foundation that goes far beyond traditional crypto loan platforms. Rebuilding Trust in a Post-Crisis Market The crypto lending sector has suffered from poor risk controls, overpromised yields, and under-regulated platforms. Now, as institutional capital looks for secure re-entry points and retail investors seek platforms with real-world backing, Nomy is stepping in with the model the market needs. This $10M raise is not just capital—it’s validation. Leading institutional backers, trading funds, and early-stage crypto investors are betting on Nomy’s unique position as a venture-driven ecosystem that includes, but is not limited to, crypto lending. What Makes Them Different? Strategic Foundation, Not Speculation Nomy’s roots are in venture and trading—not just lending. That means everything is built for execution, performance, and scale—from token distribution to collateral systems. Lending accounts for only a small part of its operational focus, complementing its broader role as a global digital asset infrastructure provider. Regulatory Strength Licensed under a multinational cryptocurrency framework, Nomy operates with full legal oversight. This allows institutions and private clients to confidently access services such as crypto-backed loans, bitcoin collateralization, and staking—all within a compliant environment. Risk-Managed Lending Model With clear loan-to-value (LTV) ratios, asset-backed loan terms, and custodial insurance of up to $7 billion, Nomy sets a new standard for crypto loan platforms. Smart lending tools offer users the ability to borrow funds, earn passive income, and gain liquidity—all while retaining ownership of their crypto holdings. DeFi-Enhanced, TradFi-Enabled Nomy Finance blends decentralized finance with centralized clarity. Borrowers access instant loan approval without credit checks, thanks to crypto collateral like BTC and ETH. On the back end, operations are powered by Nomy’s own proprietary systems—not solely reliant on smart contracts—ensuring stability and reducing execution risk. Expansion Is Already Underway The $10M round will be deployed across three primary initiatives: Global Market Expansion : Launching NomyFi into additional Latin American, European, and Asian jurisdictions—bringing regulated digital lending and investment tools to underserved markets. Platform Enhancements : Scaling high-yield liquidity pools, expanding supported assets, and introducing flexible repayment products including self-repaying loans, unsecured options, and diversified staking plans. Institutional Partnerships : Bridging the gap between traditional financial institutions and crypto-native platforms, with secure onboarding for funds, private clients, and credit unions seeking crypto market access. More Than a Utility—A Gateway At the heart of this infrastructure is the Nomy Token , a multi-utility digital asset that unlocks: Daily Staking Rewards : Start earning immediately—staking is live the moment tokens are purchased. Borrowing Incentives : Use Nomy Token as collateral to borrow crypto assets with lower borrowing costs and higher LTV options. Governance & Early Access : Token holders gain early access to new listings, product drops, and Launchpad rounds, and can participate in protocol decisions through governance proposals. The tokenomics model is purposefully designed to support long-term value: limited supply, deflationary mechanisms, and a built-in cycle of utility across all platform products. Preparing for the Public Sale With pre-sale demand already exceeding expectations, Nomy’s public token sale is positioned to be a standout event in the 2025 digital asset calendar. Key highlights ahead: Final Token Allocations Are Limited : Pre-sale phases are nearly fully subscribed. The next tier will trigger a price increase. Exchange Listings Imminent : Top-tier trading platforms are preparing for integration, boosting token visibility and liquidity. Product Roadmap Expansion : Expect flash loans, auto-compounding staking, margin-optimized lending tools, and deeper fiat onramps. This next phase will not only define the future of the Nomy ecosystem—it may reshape how regulated crypto infrastructure is built and accessed. Nomy Finance Is Redefining What a Crypto Platform Can Be The $10 million round isn’t just a financial milestone—it’s a signal that the market is ready for a new kind of digital asset platform. One with institutional depth, venture-backed precision, and an integrated model that serves investors of all sizes. With regulatory clarity, global reach, and a risk-first approach, Nomy Finance is more than the best crypto lending platform. It’s a global system for building, managing, and growing digital wealth in the real economy. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
The financial landscape is shifting as the SEC faces backlash over its stablecoin guidelines amid rising transaction volumes. The criticism toward the SEC’s framework highlights ongoing debates regarding regulation and
CryptoQuant CEO Ki Young Ju avers that the Bitcoin bull market is over as prices hover around the $82K mark. The expert hinges his theory for Bitcoin price on key technicals, analyzing the relationship between Realized Cap, Market Cap, and selling pressure to reach his conclusions. Expert Gives Reason Why The Bitcoin Bull Market Is Over According to an analysis on X , Ki Young Ju reveals that Bitcoin is firmly in bear market territory to the dismay of investors. The CryptoQuant CEO surmised in his analysis that the curtain has fallen for the Bitcoin bull market giving reasons. In his analysis, Ju bases his prediction on the interplay between Bitcoin’s Realized Cap and the asset’s market capitalization. Realized market cap measures Bitcoin’s value using the price at which each BTC held in wallets was transferred. On the other hand, the market cap measures value by multiplying the circulating BTC supply with current prices. The CryptoQuant CEO notes that market capitalization alone is not the best way to track the Bitcoin Bull Market. According to Ju, when there is low selling pressure in the markets, small Bitcoin purchases often send the market capitalization to new highs. Ju notes that Strategy has ridden the tailwind of low selling pressure to grow the paper value of their BTC holdings. Conversely, when sell pressure is high, sizeable purchases are unable to send Bitcoin price on a rally. Strategy’s purchase of 22,048 BTC for $1.92 billion did not trigger a rally like its previous acquisition. Onchain data indicates that Bitcoin’s Realized Cap is rising but market capitalization continues its decline, an indicator of bearish sentiments. Ju notes that fresh capital is flooding the markets but prices are not responding, signaling the end of the bitcoin bull market. “When even large capital can’t push prices upward, it’s a bear,” said Ju. Bitcoin Price Flashes Bearish Signals Despite glowing fundamentals and large acquisitions, on-chain indicators are underwhelming for the top cryptocurrency. Bitcoin price is consolidating within a bearish pennant, a signal for even lower prices. However, a small bump has triggered speculation of a potential Bitcoin price decoupling from S&P500 . Crypto Sat says a short-term drop to $80K is in play for Bitcoin with prices standing at $82,950. However, Ju has even grimmer predictions for BTC, noting that a near-term rally is unlikely for the asset. The CryptoQuant CEO notes that it will take the asset up to six months to drag itself out of the bear market. “Sell pressure could ease anytime, but historically, real reversals take at least six months,” said Ju. Despite the dour sentiments, US Treasury Secretary Scott Bessent has praised BTC as a store of value comparing it with gold. The post CryptoQuant CEO Explains Why Bitcoin Bull Market is Over Now appeared first on CoinGape .
Justin Sun reveals serious fraud in the stablecoin market. FDT's unethical practices threaten both user trust and Hong Kong's reputation. Continue Reading: Justin Sun Exposes Serious Fraud in Stablecoin Market The post Justin Sun Exposes Serious Fraud in Stablecoin Market appeared first on COINTURK NEWS .
Throughout March, the crypto market continued its pullback from February, driven by macroeconomic uncertainty and policy changes in the United States. Amid this negative market sentiment, the sector witnessed some notable developments, which have been outlined by the research arm of the world’s largest crypto exchange, Binance. According to a Monthly Market Insights report by Binance Research, the industry saw regulatory progress and growth in certain sectors in March, reinforcing positive sentiment for medium and long-term development. Market Fell 4.4% in March After United States President Donald Trump signed an executive order to create a strategic Bitcoin reserve in early March, the crypto market witnessed intense volatility that lasted throughout the month. This, coupled with the Federal Reserve’s decision to hold benchmark interest rates steady for a second consecutive meeting and tariff tensions , significantly subdued risk appetite, leading to a 4.4% decline. Analyzing cryptocurrencies, the Binance Research team found that the supply of bitcoin (BTC) belonging to long-term holders is increasing. There has also been significant Bitcoin adoption since establishing a U.S. strategic Bitcoin reserve, with institutions increasingly buying the asset. The increasing adoption has been driven by U.S. authorities taking major steps to regulate cryptocurrencies. The Office of the Comptroller of the Currency (OCC) recently authorized banks to hold cryptocurrencies, while the Guiding and Establishing National Innovation in U.S. Stablecoins (GENIUS) Act, which creates a clear regulatory framework for stablecoins in the U.S., is moving closer to enactment. Losses and Gains Furthermore, March brought major shifts to the decentralized finance (DeFi) sector, with Bitcoin DeFi (BTCFi) recording significant growth. The U.S. Senate overturned a rule that would have required DeFi platform operators to be subject to heavy reporting requirements by the Internal Revenue Service (IRS). Unfortunately, the DeFi total value locked (TVL) dropped 1.5% month-on-month (MoM), with intense competition leading to declining market share for some leading platforms like the decentralized exchange (DEX) Uniswap. Binance Research discovered that rival DEXs like PancakeSwap and Raydium have increased their market shares. Notably, meme coins saw negative growth, with the market cap of top tokens declining by millions of dollars. Since the launch of Official Trump (TRUMP), the meme coin launchpad Pump.fun has experienced a plunge in weekly usage metrics, including volume, token creation, and active wallets. Meanwhile, total sales volume in the non-fungible token (NFT) market declined by 12.4%, while the stablecoin market cap rose by 4.4%. The post How the Crypto Market Fared in March 2025, According to Binance Research appeared first on CryptoPotato .
As hobbyist Bitcoin mining gains traction, recent solo victories are reshaping perceptions of individual miners’ potential in the cryptocurrency arena. These solo wins are not just lucky breaks; they signal
April 5, 2025, is widely recognized as the symbolic 50th birthday of Satoshi Nakamoto, Bitcoin’s pseudonymous creator, though the true birthdate of the enigmatic figure remains shrouded in mystery. The Symbolic Birthday of Bitcoin’s Anonymous Creator April 5, 2025, marks what many in the cryptocurrency community consider the 50th birthday of Satoshi Nakamoto—the anonymous creator
Staff at the U.S. Securities and Exchange Commission (SEC) are reviewing past crypto-related guidance to determine whether it still reflects the agency’s current priorities, according to a statement from acting chairman Mark Uyeda , posted on social media platform X. Among several key documents, the SEC staff's statement on funds registered under the Investment Company Act Investing in the bitcoin futures market is under review, according to the X post . Other documents include digital assets "investment contracts," and custody frameworks. The reviews could result in more clarification for regulatory frameworks around the digital assets sector. The request from Uyeda is related to Executive Order 14192, Unleashing Prosperity Through Deregulation and comes after a recommendation from Elon Musk's D.O.G.E. It is worth noting that the statement is coming from SEC staff and not from Commissioner Hester Peirce, making it less binding. However, it still shows the SEC's willingness to ease pressure on the digital assets sector since the agency was taken over by President Donald Trump-appointed leadership. The move is part of interim Chairman Mark Uyeda's efforts to overhaul the regulator's crypto position. That includes throwing out most of the prominent enforcement cases the agency had pursued against digital asset businesses. Read more: U.S. SEC Staff Clarifies That Some Crypto Stablecoins Aren't Securities
More and more "solo" Bitcoin mining wins are being celebrated on social media amid a rise in hobbyist rigs. Here's what's going on.