According to a social media post by FTX payee representative Sunil, Kraken has begun notifying FTX users via email about the next round of FTX payout distributions scheduled for May 30, 2025. FTX Creditors Will Receive Next Round of Payments on May 30, Kraken Confirms The upcoming distribution will cover claims under and above $50,000, marking a significant step in the ongoing repayment process for creditors affected by the FTX collapse. Creditors have been waiting for clarity on compensation since the exchange’s collapse in November 2022. Previous distributions primarily addressed smaller claims, while larger claimants faced delays due to legal and administrative processes. With Kraken confirming the May 30 timeline, creditors may finally see significant progress in their fund recovery. However, details regarding the specific payout percentages and total amount distributed remain unclear. Market Response and Next Steps The FTX repayment process has been a major focus for the crypto industry, with thousands of affected investors and institutions affected. Confirmation of a new distribution date could provide some relief to creditors, although the full extent of recoverable assets is still under review. FTX's bankruptcy proceedings are ongoing, with further updates expected in the coming months as stakeholders await clarity on total funds recovered and potential future distributions. *This is not investment advice. Continue Reading: The News That FTX Creditors Have Been Eagerly Waiting For Has Arrived! The Next Repayment Date Has Been Announced! Here Are the Details
New York Proposes Bill to Outlaw Cryptocurrency Fraud and Rug Pulls, Targeting Investor Protection
The crypto market is up today, mirroring stock market gains fueled by Trump’s delay of Mexico and Canada auto-industry tariffs.
APT prices surge as Bitwise submits S-1 filing with SEC for Aptos ETF.
European markets are set to open higher on Thursday as investors await the European Central Bank’s (ECB) latest monetary policy decision. Economists are predicting the central bank will lower its key interest rate by 25 basis points to 2.5%, marking its second rate cut this year, following the eurozone’s inflation rate slowdown seen in 2025 so far. Just a few hours before markets opened, stock indices across Europe, like the U.K.’s FTSE 100, rose by 43 points to 8,779, Germany’s DAX gained 75 points to 23,185, and France’s CAC climbed 52 points to 8,249. Italy’s FTSE MIB recorded the largest increase, surging 307 points to 38,905, according to IG data . Markets had already priced in the quarter-point cut by Wednesday, anticipating that the ECB’s rate would drop to 2.5%, down from its 4% peak last year. Analysts also expect a further reduction to 2% by the end of 2025. Debate over rate path continues The ECB’s rate-cutting cycle has been largely driven by headline inflation in the eurozone consistently falling below 3% and economic growth remaining weak. The board seemingly agrees on easing the rates, but there are some internal divisions over how far and how fast they should be reduced. The ECB’s Governing Council, which had always reached decisions with strong consensus, now appears divided on the appropriate level for the so-called “neutral rate”—the point at which monetary policy neither stimulates nor restricts the economy. President Christine Lagarde previously estimated this range to be between 1.75% and 2.5%, though she recently revised it to between 1.75% and 2.25%. Bank of America Global Research analysts said in a note Wednesday that the upcoming rate cut could be the last “easy” decision before disagreements among policymakers become more pronounced. They forecast the ECB will lower rates to 1.5% by September, a more aggressive stance than the market consensus. “ We don’t think the guidance will change … but we would expect growing disagreement among Governing Council members ,” a BOA spokesperson told Reuters. Goldman Sachs analysts supported the sentiment, stating that the Governing Council is purportedly eyeing if financial conditions, bank lending, and business activity indicate that policy remains restrictive. The ECB is scheduled to announce its policy decision at 13:15 GMT, followed by Lagarde’s press conference at 13:45 GMT, where she is expected to provide further clarity on the central bank’s future course. Geopolitical risks and fiscal policy complications Rate cuts are traditionally intended to stimulate economic growth, but several factors stand in the way of the ECB’s decision-making process. A foreshadowed trade conflict with the United States, which economists believe is “inevitable,” has made firms hesitant to commit capital, fearing they will face reduced demand. Germany and the European Commission have announced changes to fiscal policies . They are looking to increase defense and infrastructure spending, in part to compensate for “shaky” US support. Some policymakers, such as ECB Executive Board member Isabel Schnabel, are calling for the central bank to consider a pause in rate cuts or even halting them altogether. As it stands, however, there has been little pushback against the expected 25-basis-point reduction. If approved, this move would bring cumulative easing since June to 150 basis points, twice as much as the Bank of England’s total cuts so far and also more than the Federal Reserve’s 100 basis points of reductions. David Powell, senior euro-area economist, talked about the contrasting views among ECB officials, saying: “ The hawks believe monetary policy may no longer be restrictive once the deposit rate falls to 2.5% in March. The doves, however, emphasize the need to consider the shrinking ECB balance sheet when assessing the final rate leve l,” Powell expects the ECB to cut rates by another 75 basis points this year to bring the deposit rate down to 2%. Economic prospects challenge ECB projections The ECB’s latest economic projections are expected to show weaker growth and a slightly higher inflation outlook. That said, policymakers could more than likely take a more pragmatic approach, recognizing that global economic conditions have changed since the predictions were compiled in end-2024. TS Lombard’s Davide Oneglia noted that several dynamics could slow down the ECB’s rate-cutting cycle, including reassessments of economic growth, declining wages, and the lagging effects of fiscal policy changes. “ There will be pressure to slow down ECB easing, owing to growth re-rating, although cooling wages and employment, lags in fiscal policy effects, and escalating U.S. tariff threats against the EU keep a sub-2% deposit rate as the base case ,” said Oneglia. For market analysts, the language used by the ECB in its policy statement is one to watch. If the central bank drops the phrase that policy “remains restrictive,” it could signal that officials see their objectives as attainable. Still, such a change would not necessarily move them towards an immediate pause in rate cuts but shows that the Governing Council decisions are uncertain. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The Ethereum Pectra upgrade introduces stablecoin gas payments and sets the stage for future innovations like Verkle trees.
Kekius Maximus ($KEK) has experienced explosive growth in the last seven days, raising an over 68% bonus. This trend shows that despite a recent market downtrend, traders are still willing to put their funds on the line for massive growth. $KEK’s success invites market interest, and with it comes speculations that $CHONE may replicate its success. $KEK claim to fame: How meme coins tend to beat utility coins Kekius Maximus ($KEK) claim to fame began when Elon Musk and $PEPE personally mentioned them. Elon changed his username to Kekus Maximus on X in December, and the value of the cryptocurrency soared by over 700%. Since Elon’s support for cryptocurrency has only grown since then, $KEK has found success in its own time. The meme coin has soared in charts recently , finding success in the last seven days as it drew in traders’ interest and shot up to an 80% increase. It’s a community-driven token, an added layer of security for traders who are tired of the pump and dump of the meme coin market. As a meme coin that had formerly suffered from rugging, $KEK offered renewed hope to its community, making it a more stable presence in the market. $KEK has witnessed its highs and lows in the market, following a usual pattern of pump and dump before the project was taken over by its community. It has a market cap of over $20 million and a 24-hour trading volume of over $10 million. In the midst of many meme coins, $CHONE might be the next to replicate the success of $KEK. $CHONE set to double the success of $KEK in mid-2025 Many may argue that the time for $KEK’s pump has passed. Some investors have already moved their assets and are looking towards a new meme coin. $CHONE is a viable option for traders looking to make a killing on their next trade. Compared to $KEK, which has already seen its peak period, $CHONE has a relatively lower market cap at $451k, making it the prime time for new entry into the market. When $CHONE experiences an 88% increase, early entries will experience a higher payout than those who jump on the hype train. $CHONE also offers a fun aspect to the industry, utilizing gamefi and AI to increase its value. $CHONE has focused efforts on developing AI assistants, making it into a movement rather than just an ordinary meme coin. In a diverse market, $CHONE does just the right things to stand out. Meme Coins For the Future Meme coins are encouraging assets, ridden with a chance to double or 1000X your income at any given time. $CHONE is an asset that has the makings of a breakout star, and it is always best to join the trend early. To learn more about Chill Drone ($CHONE), visit the following links: Website: www.chilldrone.io Twitter (X): x.com/chilldrone_io Telegram: t.me/chilldroneverfiy Contact address: 47TSGRuTiSsDpifLUu8WYc3xveFP7SwAvbi9K6brpump
On March 8th, the Solana Foundation in collaboration with the Solana Chinese community known as Solar, will host the highly anticipated DePIN Day event in Shenzhen, recognized as the hardware
Dogecoin maintains stability with potential for significant price increases. Technical indicators suggest strong support levels and target prices for DOGE. Continue Reading: Watch Dogecoin’s Price as Key Indicators Point to Potential Growth! The post Watch Dogecoin’s Price as Key Indicators Point to Potential Growth! appeared first on COINTURK NEWS .
A Telegram group known for spotting explosive crypto trends—like the 10,000%+ surges of Bonk (BONK) and Pepe (PEPE) in 2023—is now directing attention to Rexas Finance (RXS). This ERC-20 token is gaining momentum as a 2025 bet, aiming to bridge real-world assets (RWA) with blockchain. With $46 million raised in its presale and a confirmed $0.25 listing price, Rexas Finance is positioning itself as a gateway to fractional ownership of global assets like real estate, gold, and art. The project’s tools, including a token builder and AI-driven security, are reshaping how investors interact with tangible assets. As the final presale stage unfolds, RXS is emerging as a focal point for those seeking the next crypto breakthrough. Transforming Global Asset Ownership Rexas Finance is redefining access to high-value markets through blockchain. The platform allows users to buy, sell, or trade fractional ownership of real-world assets—from skyscrapers in Dubai to gold mines in Australia—using a single click. Traditional barriers like high capital requirements and geographic limitations are dissolving. A retail investor in Nigeria can now own 5% of a Tokyo apartment, earning passive income from rent without physical management. Similarly, a college student in Brazil might invest 1% in a Swiss art collection, benefiting from appreciation previously reserved for elite buyers. The numbers speak volumes. Global real estate alone is a $380 trillion market, while commodities like gold and oil exceed $120 trillion. Rexas Finance taps into these sectors by converting physical assets into tradable tokens. This shift unlocks liquidity in historically rigid markets, letting users diversify portfolios with minimal funds. Building the Tools for a Tokenized Future Rexas Finance is has rolled a suite of tools to democratize asset tokenization. The Rexas Token Builder lets anyone convert real-world holdings into digital tokens. Whether fractionalizing a vineyard in France or tokenizing a rare diamond, the process is streamlined for users without technical expertise. The QuickMint Bot on Telegram and Discord accelerates this further, enabling token creation through simple commands. Fundraising evolves with the Rexas Launchpad, where projects secure capital by listing tokenized assets. A startup in Kenya can tokenize a solar farm, offering global investors a stake while bypassing traditional venture capital hurdles. Complementing these tools, Rexas AI Shield and GenAI enhance security and user experience, scanning smart contracts for vulnerabilities and simplifying asset management. Click Here To Buy Rexas Finance (RXS) Presale Why Rexas Finance Is Capturing Investor Attention The RXS presale has already raised over $46 million, with Stage 12 (the final phase) priced at $0.20—a 6.6x jump from its initial $0.03. Early backers secured 90% of the 500 million presale tokens, leaving just 10% remaining. Unlike projects reliant on venture capital, Rexas Finance prioritizes public participation, reserving 50% of its 1 billion tokens for community presale. A massive RXS buy order has been recorded , totaling 2,000,000 RXS ($400,000). This transaction, the largest of the month, signals heightened confidence among major investors. Such activity typically indicates upcoming catalysts, making it a pivotal moment for potential buyers. Listed on CoinMarketCap and CoinGecko, RXS has gained visibility across 100 million monthly users. A CertiK audit reinforces its credibility, ensuring smart contract security. With plans to launch on three top-tier exchanges, RXS is poised for broader liquidity. The ongoing $1 million giveaway—offering 20 winners $50,000 each—adds urgency, incentivizing early entry before the 2025 platform launch. Positioning for Exponential Growth The Telegram group that identified BONK and PEPE’s rallies sees history repeating. With RWA tokenization projected to grow 1,000% by 2030, Rexas Finance is not just another token—it’s a movement reshaping global finance. The presale window is closing, and the next chapter begins in 2025. For those who missed previous moonshots, RXS offers a final call to join a revolution backed by real assets, real tools, and real momentum. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.