FTX has announced it will dismiss over $2.5 billion in claims related to Know Your Customer (KYC) verification failures. According to a filing in the U.S. Bankruptcy Court for the District of Delaware, the company has canceled nearly 392,000 customer claims that did not complete KYC verification by the March 3 deadline. Of the total claims, approximately $655 million are categorized as small claims, while $1.9 billion are classified as larger claims. This decision comes as FTX continues to navigate its bankruptcy proceedings and address outstanding creditor issues. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Speculation is heating up for 2025 as traders begin projecting just how far their favorite assets could run. With XRP back in headlines and MAGACOINFINANCE dominating early-stage attention, some forecasts are aiming high—$10 for XRP and even $1 for MAGACOINFINANCE. While those numbers may seem bold, the excitement behind both tokens suggests a growing belief that this cycle could be full of surprises. Solana, TON, Chainlink, and Hedera continue building quietly, but as speculative narratives take hold, it’s XRP and MAGACOINFINANCE capturing the early hype. CLICK HERE TO JOIN THE BILLION DOLLAR PROJECT Structural Momentum Is Driving MAGACOINFINANCE Toward Its Moment Having raised over $4.8 million, MAGACOINFINANCE is now in its final access stage. The project is built around a firm 100 billion token cap, a transparent release model, and a locked current price of $0.0002757, ahead of a planned listing at $0.007. What’s turning heads is how this project has grown without relying on noisy marketing tactics. Instead, it”s leveraging clean rollout mechanics, strong community traction, and a simple, high-upside framework that’s drawing in both small investors and larger players alike. Its roadmap emphasizes long-term accessibility, a fair launch, and security-focused tokenomics—all things that matter to investors looking for more than just a quick flip. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X 50% Bonus Code Still Active – MAGA50X The MAGA50X promo code continues to offer a 50% token bonus during this final stage, making this one of the last chances to enter with elevated allocation before public listings begin. This incentive is fueling daily volume from buyers looking to maximize position size before the price climbs. SOL, TON, LINK, HBAR Remain Core Layer-1 Watchlist Picks Solana (SOL) remains at the center of scalability conversations with fast throughput and strong developer engagement. TON continues to attract attention via its Telegram-linked expansion and simplified user onboarding. Chainlink (LINK) drives forward as the leading data oracle, connecting smart contracts with real-world information. Hedera (HBAR) powers enterprise-focused blockchain solutions with high-efficiency consensus tech. JOIN A BILLION DOLLAR PROJECT — THIS IS YOUR EARLY ENTRY BEFORE EXCHANGE LAUNCH Conclusion While $1 for MAGACOINFINANCE and $10 for XRP are bold projections, the energy around both tokens speaks volumes. With a capped supply, early access incentives, and structural momentum, MAGACOINFINANCE is setting up to be more than just another early-stage launch. SOL, TON, LINK, and HBAR continue making quiet progress—but 2025 could be shaped by moves few expected. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.co m Twitter/X: https://x.com/magacoinfinance Continue Reading: XRP to $10? MAGACOINFINANCE to $1? What 2025 Could Look Like
BitMEX founder Arthur Hayes has declared in a bold new comment that Bitcoin holders should “learn to love tariffs” as he predicts a fundamental shift in global monetary dynamics. According to Hayes, Bitcoin could be on the verge of becoming the purest leading indicator of fiat liquidity, unlike traditional markets like the Nasdaq. While the Nasdaq fell by 5.82% in yesterday’s session, Bitcoin showed remarkable resilience. Despite a 3% intraday fluctuation, BTC closed the day with a gain. Hayes interprets this divergence as a sign that Bitcoin may be decoupling from US stocks. Hayes offered a historical perspective, saying, “Since Nixon took the United States off the gold standard in 1971, the U.S. Treasury debt has increased 85-fold.” Hayes argued that the U.S. had to create the credit needed to support global economic growth, but that the benefits were unequally distributed. “Trump was elected by those who believed that, on average, the United States had not shared in its ‘prosperity’ over the last 50 years,” he said. Related News: Gold Drops, US Stocks Fall, But Bitcoin Holds On: Bloomberg Analysts Baffled - Here Are Their Comments Hayes warned that the elimination of the U.S. current account deficit would significantly change the structure of international capital flows. Without it, foreign countries would have fewer dollars to buy U.S. bonds and stocks. In turn, they would be forced to sell U.S. assets to fund domestic economic stimulus, ushering in an era of “nations first” policies that would not be easily reversed, regardless of any political backpedaling. Hayes then turned his attention to what he called “The Comeback,” a global return to gold as a neutral reserve asset. He suggested that while the dollar remained the world’s reserve currency, gold could regain importance in international trade agreements because of its duty-free status. “Gold will flow freely and cheaply in the new world monetary order,” he wrote. *This is not investment advice. Continue Reading: Arthur Hayes Says Bitcoin Holders Should Love Tariffs, Explains Why
The post FTX Disqualifies $2.5B in Claims After KYC Deadline Missed by 392,000 Users appeared first on Coinpedia Fintech News FTX’s bankruptcy process just took a major turn. Nearly 400,000 customer claims worth up to $2.5 billion have been disqualified after users failed to meet the March 3 deadline for identity verification. This massive disqualification reflects a strict enforcement of Know Your Customer (KYC) rules as the collapsed crypto exchange works through its legal proceedings. 392K Claims Disqualified In a filing on April 2, the U.S. Bankruptcy Court confirmed that 392,000 FTX customer claims have been completely disqualified for failing to meet ID verification requirements. These rejected claims fill 2,377 pages of records. FTX’s move could boost recovery rates for verified users as the total liabilities against the estate are now significantly reduced. While the initial estimates valued the unverified FTX claims at around $1 billion, however creditor advocate Sunil Kavuri says that the real figure could be as high as $2.5 billion. This includes $655 million in smaller claims under $50,000 and a massive $1.9 billion in larger ones—all wiped out due to noncompliance. The company, now under new leadership, says verifying user identities is essential—especially after the previous management failed to collect basic user data or perform standard due diligence. FTX To Begin Repayment on May 30 As part of its wind-down, FTX plans to begin repaying its main group of creditors on May 30, offering full cash recoveries based on the value of assets at the time of its collapse in November 2022. So far, the exchange has recovered $11.4 billion to distribute, marking a major milestone in resolving one of the biggest financial disasters in crypto history. However, the process is far from smooth. FTX’s legal team reports receiving a staggering “27 quintillion” submissions, many of which are fraudulent or highly inflated which highlights the ongoing chaos and complexity of the case. Despite the challenges, the repayments represent a critical step forward for former users hoping to reclaim their lost funds. In other market news, Bitcoin is down 1% in the past 24 hours, trading at $83,645, while Ethereum has dipped 0.6% to $1,815. Meanwhile, the crypto world remains on edge as ongoing regulatory moves and major legal cases continue to influence market sentiment and shape the industry’s future.
Crypto traders looking for high-leverage opportunities in 2025 are locking in smaller entries with serious expectations. A $250 position might not sound like much—but for growing tokens like MAGACOINFINANCE, that kind of entry could be the difference-maker. With strong participation from the Bitcoin, XRP community, momentum is building fast. Meanwhile, solid networks like ETH, XLM, and AVAX continue to hold relevance with consistent performance and user adoption. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X MAGACOINFINANCE – Small Entry, High Impact Potential MAGACOINFINANCE is quickly turning heads thanks to its accessible pricing and community-first model. With over $5.3 million raised, and the final stage of funding nearly complete, investors are rushing to make their move before listings begin. The token’s structure is refreshingly simple: a 100 billion token cap, no insider or private allocations, and full public participation. That transparency, combined with affordability, is why so many traders are stepping in with modest investments—and walking away with strong positions. As awareness grows across Telegram channels, trading forums, and wallet trackers, early participants are spreading the word. With listing day approaching, and final allocations being claimed quickly, this project is becoming one of the more discussed public offerings in recent months. CLICK HERE TO JOIN THE BILLION DOLLAR PROJECT CLAIM YOUR BONUS – 50% EXTRA WITH CODE MAGA50X For a limited time, buyers can use the promo code MAGA50X to secure a 50% token bonus on every purchase. With the token nearing full allocation, this offer won’t be around much longer—and it’s giving late-stage buyers a strong advantage before listing. ETH, XLM, and AVAX Still Driving 2025 Crypto Progress Ethereum (ETH) continues to anchor smart contract development and Layer-2 scaling. Stellar (XLM) remains a go-to network for fast, low-cost cross-border transactions. Avalanche (AVAX) delivers high throughput and flexible development for expanding networks. JOIN A BILLION DOLLAR PROJECT — THIS IS YOUR EARLY ENTRY BEFORE EXCHANGE LAUNCH Conclusion Whether it’s a $250 entry or more, traders are making moves—and MAGACOINFINANCE is the current focus for many in the space. With its public-first rollout, structured supply, and active bonus window, it stands out as one of the most strategic token offers in this part of the cycle. XRP, ETH, XLM, and AVAX continue delivering steady value, but MAGACOINFINANCE is where attention is quickly turning. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: XRP at $2.15, ADA at $0.65, and Bitcoin Near $80K — What’s the Best Option Right Now?
Early Saturday morning, the US Senate passed a Republican budget plan that wants to keep President Donald Trump’s 2017 tax cuts in place and, more so, reduce government spending. Senate Budget Committee Chairman Lindsey Graham said , “Tonight, the Senate took one small step toward reconciliation and one giant leap toward making the tax cuts permanent, securing the border, providing much-needed help for the military, and finally cutting wasteful Washington spending.” The 52–48 vote, which came after a late-night session of Congress, opened the door to a strategy called “budget reconciliation.” This will let Republicans get around the Senate’s “filibuster,” a rule that requires 60 votes for most bills, and pass Trump’s tax, border security, and military priorities later this year without any Democratic votes. This means that Trump will have his way most of the time. However, not all Republicans supported the bill. Two Republicans – Senators Susan Collins and Rand Paul – joined Democrats in opposing the measure. Analysts say that the strategy will cause a backlash Senate Democratic leader Chuck Schumer of New York said after the vote, “Donald Trump has betrayed the American people. Tonight, Senate Republicans joined him in that betrayal. In voting for this bill, Senate Republicans sided with billionaires against the middle class, in total obeisance to Donald Trump.” Democrats have said that Republican goals could hurt Medicaid, which helps low-income Americans get health care. In fact, Republicans also turned down dozens of Democratic amendments that would have protected Medicaid, Medicare, food stamps for low-income women and children, the Social Security retirement system, veterans’ benefits, and other types of government help. However, Senate Republicans changed the plan to add a deficit-neutral reserve fund to help protect Medicaid and the Medicare healthcare program for the elderly during a six-hour “vote-a-rama” session to discuss amendments. For instance, Republican Senators Lisa Murkowski, Josh Hawley, and Collins backed Democratic measures to protect social safety-net programs, but their support was not enough. The measure aims to raise the federal government’s debt ceiling by $5 trillion. Congress needs to do this by the summer, or the government could default on its $36.6 trillion in debt. By cutting spending, it hopes to partially make up for the fact that tax cuts will make the debt bigger. Analysts who have no connection with either party hold a different stance. They assert that if Trump’s plans were carried out, they would add about $5.7 trillion to the federal government’s debt over the next ten years. Republican senators in the Senate say the cost is $1.5 trillion, but they don’t want to include the effects of extending tax policies that were set to end at the end of this year. This, too, is not clear enough for Americans. Republicans still insist that letting the 2017 tax cuts end would be very bad for Americans because it would mean a 22% tax hike for most people. The cuts, which were Trump’s most important legislative success in his first term, lowered the top corporate tax rate from 35% to 21%. This will stay in place indefinitely. The rest of the cuts for regular Americans were set to end. This was done to limit the bill’s effects on increasing the debt. Meanwhile, the Senate’s vote sent the bill to the House of Representatives, which is run by Republicans and is likely to take it up next week. Republicans say economic instability could make it harder for Trump Before the debate started late Thursday night, the stock market took a huge drop because of Trump’s new trade tariffs. Analysts say it will make prices go up and could even cause a recession. In addition, some Republicans said that economic instability could make it harder for Trump to get his plans done if market weakness continues. Representative Thom Tillis told reporters, “My concern is, if we are having the kind of conversation today three weeks from now, then the distraction will be so great that it will slow down what we try to do.” If House Republicans get their way, Congress could cut spending by $2 trillion by changing how Medicaid and food stamps work and getting rid of popular environmental laws. Along with greater security along the US border with Mexico, the budget plan would also pay for the administration’s efforts to greatly increase the number of immigrants deported and make the US military more ready for battle. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The post Investors Turn Bullish on Solana as it Rises Above $120—Will SOL Price Bounce Back Past $150 This Month? appeared first on Coinpedia Fintech News Solana has been gaining a huge amount of attention ever since it began to outpace major chains in different aspects. It took a major lead among the popular chains like Ethereum, Tron, BNBChain, and others by recording $370 million in fees. Besides, Fidelity’s spot ETF application is an inch closer to get approved and the latest Grayscale ETF filing has raised the optimism around the SOL price rally. SOL price recovers aggressively after a flash dip to $112.46, which suggests the bulls could be probably back in the game. The trading volume jumped by over 25% to reach close to $5 billion following a massive increase in whale interest. As a result, the investors also appear to have turned bullish on Solana. A popular analyst, Ali , shared data that suggests more than 71% of traders have gone long on SOL. This suggests that more than 70% of the investors are bullish on Solana and are betting on a price increase. While the price has rebounded from a crucial support, the bullish reversal has yet to be validated. Until then, the Solana price is expected to remain accumulated within a range but above the support at $118. However, the token is forming a double bottom pattern at this support level, which may result in a massive breakout after reaching the resistance zone around $146. The latest collaboration between Solana and Circle to enhance USDC accessibility has led to significant growth in DeFi, highlighting stablecoin expansion. Besides, the recent token unlocks and heightened whale activity on Solana suggest potential shifts in market dynamics, reflecting growing confidence from large investors. In the past 24 hours, the Solana (SOL) price has moved over 5.31% to $121 and hence is believed to maintain a consolidated ascending trend to rise above $150.
After Donald Trump announced his Liberation Day tariffs, Bitcoin and most altcoins outperformed stocks. Bitcoin ( BTC ) remained between $80,000 and $90,000, while Ethereum ( ETH ) was stuck slightly below $2,000. The total market cap of all cryptocurrencies dropped from $2.7 trillion to $2.6 trillion. Meanwhile, the stock market had its worst week since 2020. The blue-chip Nasdaq 100, S&P 500, and Dow Jones slumped into a correction. Bitcoin vs Dow Jones vs Nasdaq 100 | Source: crypto.news Shock Fed warning on stagflation Bitcoin, altcoins could come under pressure after the Federal Reserve chairman Jerome Powell warned that Trump’s tariffs will likely lead to higher inflation and slower growth for the U.S. economy. “Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said Friday. High inflation and high unemployment can create stagflation, which is difficult to manage because actions to fix one issue—like cutting interest rates to boost growth—can worsen another, such as inflation, and vice versa. Powell warned that he was not in a hurry to cut interest rates, since inflation remained high. His statement mirrored that of other officials like Raphael Bostic and Adriana Kugler , who have supported higher rates for longer to combat inflation. Trump, however, disagrees. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates,” Trump wrote on his social media platform, accusing Powell of “playing politics.” The Fed’s Board of Governors is an independent government agency. Observers note that a more hawkish Fed, at a time when analysts are predicting a recession , would negatively impact Bitcoin, altcoins, and stock prices. Historically, these assets do well when the Fed is cutting interest rates. At last check Saturday, Bitcoin was trading at roughly $83,435. See below. Source: CoinGecko You might also like: Bitcoin holds steady amid stock market crash, says Unchained analyst Bond market and crude oil prices offer a cushion On the positive side, top flash indicators hint that the Federal Reserve will cut interest rates sooner. Crude oil prices have crashed in the past few days, with Brent, the global benchmark, crashed to $64 on Friday. The West Texas Intermediate dropped to $62. Additionally, copper, which is often seen as a barometer of the world economy, also nosedived. These assets point to a potential recession as demand from individuals and companies wane. The bond market is sending the same message, with the 10-year and 2-year yields plunging to 3.95% and 3.5%, respectively. Here is my nomination for the most interesting chart of the week. * Arguably, the stock market crashed this week * JP Morgan is saying 60% probability of a recession * Record uncertainty * Unprecedented Government policy on tariffs. So, given the list above, what is 10-year… pic.twitter.com/CtM3t0BLWw — Jim Bianco (@biancoresearch) April 5, 2025 These signals point to a potential dovish Fed, which could start cutting interest rates soon. In a statement earlier this week, Goldman Sachs raised the U.S. recession odds and predicted that the Fed will deliver at least three cuts later this year. History shows that risky assets like stocks, Bitcoin, and altcoins do well when the Fed cuts rates. For example, they all surged in 2020 when the Fed delivered an emergency rate cut at the onset of the pandemic. Stocks also had a decade-long rally when the Fed slashed rates during the Global Financial Crisis. Read more: Bitcoin price could rise as U.S. bond yields, fear and greed index fall
Today marks a significant moment for crypto enthusiasts as they celebrate Satoshi Nakamoto’s purported 50th birthday, highlighting the enduring legacy of Bitcoin. April 5, 1975, the date associated with Nakamoto,
The pseudonymous Bitcoin inventor's P2P Foundation profile lists April 5, 1975—a birth date loaded with historical significance for monetary freedom advocates.