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FTX to Begin Distributing Over $5B in Stablecoins to Creditors on May 30: What Percentage Will Flow Back to Crypto Markets?

May 30th marks a pivotal moment in the FTX bankruptcy saga as the FTX Recovery Trust officially begins distributing over $5 billion in stablecoins to creditors. This represents the second major payout in the Chapter 11 reorganization plan, following the $1.2 billion distribution in February.

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Cetus Protocol Hacker Converts $60 Million to Ethereum After $223 Million DeFi Exploit

The decentralized finance (DeFi) ecosystem has been shaken by another significant security incident, with Cetus Protocol falling victim to a sophisticated hack that resulted in losses exceeding $223 million. In a concerning development, the attackers have already begun converting their ill-gotten gains, purchasing approximately $60 million worth of Ethereum (ETH) with the stolen funds.

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Trump’s Controversial Memecoin Dinner: A Who’s Who of Crypto and Political Elite

The cryptocurrency world buzzed with speculation following reports of an exclusive dinner event centered around Donald Trump’s memecoin ventures. This high-profile gathering brought together influential figures from both the political and crypto spheres, sparking discussions about the intersection of memecoins, politics, and digital asset regulation.

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Stop TRUMP in Crypto: Democrats Propose Bill to Curb Presidential Crypto Dealings

In a direct challenge to President Donald Trump’s cryptocurrency endeavors, Representative Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, introduced the “Stop TRUMP in Crypto Act of 2025” on Thursday. The timing was strategic, coinciding with Trump’s controversial private dinner at his golf club with the top 220 holders of his meme coin.

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