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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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Axiom Exchange Surpasses $100 Million Revenue Milestone Just Four Months After Launch

In a remarkable achievement that places it among the fastest-growing startups in history, Y Combinator-backed trading platform Axiom has generated $100 million in revenue just four months after its initial launch. The web-based trading platform, which began its early-access phase in late January before opening to the wider public in mid-February, has experienced meteoric growth that outpaces even successful predecessors in the crypto space.

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