Binance denies asset sell-off rumors, attributes changes to internal treasury management

Binance has dismissed speculation that it is offloading its assets, attributing recent balance sheet adjustments to internal treasury management rather than liquidations. On Feb. 11, the exchange clarified to CryptoSlate that it had not engaged in asset sales. Instead, the on-chain adjustments were part of an internal accounting process. The firm’s spokesperson said: “Binance is … Read more

Bankrupt FTX Sets Initial Payout Date for 2025, Partners With Bitgo and Kraken

FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX’s Convenience Classes can expect funds within 1-3 business days starting Feb. 18, according to a Feb. 7 announcement. Distributions are … Read more

Gold Stock Price Surges As Saylor Bids More Bitcoin: But What’s Next For BTC Price?

The Gold stock price and gold spot value have reached new heights, smashing records at $2,902 per ounce this week. With a 17.5% surge since the year began, the climb reflects a cocktail of aggressive central bank purchases, geopolitical uncertainty, and the enduring appeal of gold as a safe haven. Meanwhile, MicroStrategy, newly renamed “Strategy,” … Read more

Tether Enhances USDt Scalability with USDT0 on Arbitrum’s Legacy Mesh Technology

Tether has recently made headlines by launching USDT0, a new crosschain stablecoin backed by the world’s largest stablecoin, USDt. This strategic move utilizes Arbitrum’s Legacy Mesh technology, enabling seamless transactions between major blockchain networks like Ethereum and Tron. According to Steven Goldfeder, CEO of Offchain Labs, the new infrastructure will facilitate greater adoption of USDt … Read more