PA Daily | WLFI buys $3 million in EOS; FTX will allocate more than $5 billion to creditors on May 30
Reprinted from panewslab
05/16/2025·0MToday's news tips:
Fed Bostic: It is expected to cut interest rates this year
Binance Alpha adds SuiNS Token (NS)
FTX will start allocating over $5 billion to creditors under the bankruptcy plan on May 30
Trump's family project WLFI spends 3 million USDT to purchase 3.63 million EOS
Brazilian listed company Méliuz has purchased $28.4 million worth of Bitcoin
Regulatory/Macro
Fed Bostic: It is expected to cut interest rates this year
Fed official Bostic said interest rates are expected to be cut once this year due to economic uncertainty. He predicts that the U.S. economic growth rate may be between 1% or 0.5% this year, and despite the slowdown, he does not believe that a recession will occur.
House of Representatives overturns governor's veto, stablecoin bill passes
According to Cointelegraph, the Northern Mariana Islands, a Pacific territorial in the United States, passed a bill allowing Tining Island to issue stablecoins, overturning Governor Arnold Palacios' April 11 rejection. The bill was passed in the House of Representatives by 14 votes in favor and 2 votes against, and the Senate also reconsidered on May 9 with 7 votes in favor and 1 vote. According to the bill, the Tining Island government can issue, manage and redeem the stablecoin "Marianas US Dollar" (MUSD) to the authorized finance minister. If issued before July, Tining Island may become the first US public entity to issue stablecoins, leading Wyoming, which plans to issue stablecoins. Tianning Island has a population of only more than 2,000 people and its economy depends on tourism. Its local government is one of the four federal municipalities of the Northern Mariana Islands. The island has selected local technology services company Marianare as the exclusive MUSD infrastructure provider, and the stablecoin will be issued based on the eCash blockchain. A spokesman for Marianare declined to comment, saying only that more details will be released on May 19.
According to Hong Kong media Hong Kong 01, the Hong Kong branch of a Singaporean financial technology company was stolen by employees with a market value of about HK$26 million. It is reported that the person involved stole USDT from the company's virtual currency account 64 times and transferred the funds to electronic wallets on different trading platforms. At present, the virtual currency worth about 8.6 million yuan and 4.65 million yuan of cash and assets have been recovered. The person involved was charged with one theft and three counts of handling property that he knew or believed to represent the property that was profitable from the publicly prosecutable crime. Yesterday, he pleaded guilty to the charge and convicted of the charges in the Hong Kong High Court, and was sentenced to 78 months in prison.
According to Cryptoslate, cryptocurrency payment platform CoinPayments has reached a strategic cooperation with global business aviation dealer Jetcraft to provide digital asset payment services for private jet transactions. The cooperation is mainly aimed at the high net worth customer base, supports real-time settlement of multiple cryptocurrencies, and adopts security protocols that comply with anti-money laundering regulations. The CoinPayments payment system will directly connect to Jetcraft financial processes to realize the automatic exchange of fiat currency for cryptocurrencies. Jetcraft Chairman said the cooperation aims to meet the needs of customers in the technology field for innovative payment methods.
Viewpoint
According to Kiyotaka.ai data, Bitcoin has recently risen from $75,000 to $104,000, showing a "stage" upward pattern. However, the bulls are currently facing a sell order resistance of about $120 million at $104,800 and $105,000, becoming the main challenge for further gains. Bitcoin has risen by 38% in the past month, but the current price fluctuates between $101,000 and $105,000, indicating that the market has entered a consolidation stage. Analysts believe that despite the significant pressure on selling orders, technical indicators show that Bitcoin is still expected to break through resistance and set a new high.
According to the latest views of analyst Apk32, Bitcoin has a "reasonable opportunity" to reach $220,000 in 2025, and may even exceed $250,000. Based on the linkage between Bitcoin and gold prices and the "dynamic curve" model, he predicts that if Bitcoin market value is measured in gold ounces, it may usher in a higher increase in the future. The current gold price has reached $3,500 per ounce, and Bitcoin's performance has improved significantly compared to gold. In addition, analysis pointed out that if Bitcoin gradually occupy the gold market share, the price may rise further. According to analyst Sam Callahan, if the price of gold reaches $5,000 per ounce by 2030, Bitcoin's market value will account for 50% of the gold market, and its price may be close to $924,000.
According to Matrixport Investment Research Report, Bitcoin has recently rebounded to the upper edge of the volatility range ($106,000), and the market expects it to break through its historical high. A number of positive factors have driven market sentiment to rebound, including the rebound of US technology stocks, increased investment in AI infrastructure and Trump's new policies have boosted market confidence. At the same time, the technical trend model shows that the market has changed from a downward trend to an upward trend. Matrixport believes that Bitcoin may usher in a favorable trading window before July, affected by factors such as the end of the 90-day tariff armistice, the start of the second quarter financial report quarter and the peak of liquidity. In addition, FTX is expected to start the debt repayment process around May 30, or release about US$5 billion of stablecoin liquidity, which may reflow into the crypto market and resonate with the inflow of Bitcoin ETF funds. Matrixport has maintained a bullish stance since mid-April. Although Bitcoin has risen by about 25%, it still believes that its actions are not enough and the market is expected to continue into the summer.
According to The Defiant, the Russian Central Bank has named Bitcoin the best performing asset in Russia's financial markets in April 2025, with Bitcoin price rising 11.2% that month. The bank also stressed that Bitcoin has also topped the list year-to-date performance, with a return of 17.6%, surpassing stocks, bonds and gold. Although Bitcoin experienced a 18.6% short-term volatility decline between January and April 2025, Bitcoin has been recognized as the world's best-performing investment product since 2022, with a cumulative return of 121.3%. In the past year, Bitcoin has been recognized by the Russian Central Bank as the most profitable investment product with a return of 38%. Since 2022, Bitcoin’s cumulative return has reached 121.3%, significantly surpassing traditional assets such as gold, stocks and the S&P 500. This recognition comes at a time when institutions' interest in Bitcoin is rising unprecedentedly.
Project News
Binance: Users with 186 or above Alpha points can participate in AGT TGE activities
Binance stated on the X platform that users with 186 or more Binance Alpha points can participate in TGE activities through the Alpha event page. Yesterday's news, Binance Wallet TGE's 17th issue was launched. Alaya AI (AGT): Subscription time: 3:00 to 5:00 on May 16, 2025 (UTC+8).
Binance Alpha adds SuiNS Token (NS)
According to the official page information, Binance Alpha has added SuiNS Token (NS).
According to the Omni Labs announcement, the Omni Foundation announced that it would repurchase 6.77 million OMNI tokens (accounting for 6.77% of the total supply) from early investors at a discount, reducing the investor's holdings from 20.06% to 13.29%. The repurchase funds come from the foundation's $18.1 million seed and A round financing. The repurchased tokens will be transferred to the "community growth" pool, reducing the total holdings of investors, advisers and core contributors from 48.56% to 41.79%. This operation follows the established lock-up clause, refers to the community-first allocation model of projects such as Hyperliquid, and aims to optimize the token distribution structure. The current OMNI market price has a premium over the repurchase price.
FTX will start allocating over $5 billion to creditors under the bankruptcy plan on May 30
According to The Block, FTX Trading Ltd., the parent company of the bankrupt cryptocurrency exchange FTX, will launch the second phase of the Chapter 11 restructuring plan on May 30, 2025, allocating more than $5 billion to creditors. The FTX bankruptcy management team announced Thursday that convenience and non-convenience creditors that meet pre-allocation requirements will receive their funds from Bitgo or Kraken within one to three working days from that date. Although the bankruptcy management team has "returned" customers at market lows for FTX's previous successful investment in startups such as Anthropic and tokens such as Solana, it has been criticized by some former customers. However, many cryptocurrency traders believe that these allocated funds may be positive for the token price if traders choose to reinvest.
Important data
Data: BlackRock IBIT Bitcoin holdings reached US$64.697 billion, surpassing Strategy
According to official data, as of May 15, the Bitcoin Spot ETF (IBIT) under BlackRock was approximately US$64.697 billion, exceeding Strategy's current holdings of approximately US$59.146 billion.
Trump's family project WLFI spends 3 million USDT to purchase 3.63 million EOS
According to Onchain Lens monitoring, about 10 minutes ago, the Trump family project World Liberty Finance (WLFI) spent 3 million USDT to purchase 3.63 million EOS at a unit price of US$0.825.
According to SoSoValue data, yesterday (May 15 Eastern Time) Bitcoin spot ETFs had a total net inflow of US$115 million. Yesterday, the Bitcoin spot ETF with the largest single-day net inflow was Blackrock ETF IBIT, with a single-day net inflow of US$410 million. Currently, the total historical net inflow of IBIT has reached US$45.423 billion. Yesterday, the Bitcoin spot ETF with the largest single-day net outflows were Ark Invest and 21Shares ETF ARKB, with a single-day net outflow of US$132 million. Currently, the total historical net inflow of ARKB reached US$2.567 billion. As of press time, the total net asset value of Bitcoin spot ETF was US$121.469 billion, the net asset ratio of ETF (market value compared to the total market value of Bitcoin) reached 5.91%, and the historical cumulative net inflow has reached US$41.514 billion.
A giant whale deposited 49,858 SOLs into Kraken in the early morning, with a loss of US$3.11 million
According to Lookonchain monitoring, a giant whale deposited 49,858 SOLs (about 8.46 million US dollars) into Kraken 7 hours ago, with a loss of US$3.11 million. Six months ago, the giant whale extracted 48,185 SOLs (about 11.58 million US dollars) from Kraken for US$240 and pledged them. During this period, he received a pledge income of 1,673 SOLs (approximately US$286,000), but eventually lost $3.11 million due to the decline in the currency price.
Financing
According to official news, Giza, an artificial intelligence (AI) platform based on smart contracts and web3 protocol, announced that it has completed a total financing of US$5.2 million. As the infrastructure of Xenocognitive Finance, its investors include Base Ecosystem Fund, Echo, CoinFund, Re7 Capital, Stake Capital, ID Theory, CONTANGO, etc. According to reports, Giza is developing a detrustworthy protocol that aims to achieve the decentralization of machine learning inference computing and provide guarantees for the open economy of open source AI. It enables AI developers to generate zero-knowledge proofs, ensuring transparency and credibility of verifiable machine learning model deployments.
DeFi strategy platform XSY.fi completes a US$5 million Pre-A round of financing
According to The Defiant, DeFi strategy platform XSY.fi launched a beta version of the synthetic dollar stablecoin Unity (UTY) on the Avalanche blockchain and announced the completion of a $5 million Pre-A round of financing led by Protagonist Ventures and Borderless Capital, with Paper Ventures, Chainview Capital, Blizzard the Avalanche Fund and Sonic Boom Ventures participating. Users can mint UTY by pledging AVAX, and obtain passive returns while maintaining the original asset exposure. UTY adopts automated strategies to manage market risks without the need for users to take the initiative. Ava Labs chief commercial officer said that the product will enrich the Avalanche ecosystem's DeFi tool portfolio. XSY simultaneously launches a limited-time point plan, and users can accumulate points through casting, providing liquidity and other behaviors, and can be redeemed for governance rights in the future.
Solana's eco-ticketing platform XP completes a seed round of $6.2 million
According to Blockworks, Solana-based ticketing platform XP completed a $6.2 million seed round of financing, led by Blockchange, with L1D and Reflexive participating. According to reports, the platform encrypts ticket codes as NFTs, allowing users to use USDC payments by connecting to encrypted wallets. Founder Mike Saunders revealed that the platform will soon launch the user's independent listing and resale function, and plans to provide fans with exclusive rewards and experiences through blockchain technology. Although the platform uses Solana technology at the bottom, the official website hardly mentions encryption elements, and the founder has not made it clear whether to issue tokens.
American AI video platform Hedra completed a US$32 million Series A financing, led by a16z
The US AI video platform Hedra completed a US$32 million Series A financing, led by a16z Infrastructure Fund, and participated by Index Ventures, Abstract and others, with a total financing of US$43 million. Hedra plans to expand its team to 60 by the end of the year and upgrade its Character-3 model for enterprise-level AI video marketing scenarios. The platform combines text, image and audio input to generate high-quality digital characters, helping brands to efficiently produce realistic video content.
Institutional/government holdings
According to Coinpost, Remixpoint, a listed company on the Tokyo Stock Exchange in Japan, announced an additional purchase of 500 million yen (about 32.83 BTC) of Bitcoin, with an average purchase unit price of 15.23 million yen/BTC. As of May 14, the company's total crypto assets held 11.1 billion yen, of which 648.82 BTC (valued at approximately 9.91 billion yen) were held, and mainstream tokens such as ETH, SOL, XRP, and DOGE.
California pension fund discloses buying $276 million worth of Strategy stock
Bitcoin Magazine reporter @Vivek4real disclosed on the X platform that the California pension fund disclosed that it purchased $276 million worth of Strategy (stock code: MSTR) stocks to indirectly invest in Bitcoin.
Brazilian listed company Méliuz has purchased $28.4 million worth of Bitcoin
According to The Defiant, Brazilian listed company Méliuz has purchased $28.4 million worth of Bitcoin, becoming Brazil's first Bitcoin finance company. The decision to adopt the Bitcoin financial strategy has received overwhelming majority approval from the company’s shareholders. The move marks a significant progress in Brazilian companies' adoption of cryptocurrencies as financial assets.
According to Cointelegraph, Bahrain listed catering group Al Abraaj announced that it has purchased 5 BTC as its initial investment through a cooperation with investment institution 10X Capital. The company's market value is US$24.2 million and its profit before interest, tax, depreciation and amortization in 2024 is US$12.5 million. It plans to allocate corporate funds mainly into Bitcoin and develop Sharia-compliant financial products to expand the Middle East market. Abdullah Isa, head of the company's Bitcoin committee, said the goal is to become "MicroStrategy in the Middle East" and cited Michael Saylor's operating model as a reference. The CEO of 10X Capital pointed out that the move fills the gap in the lack of Bitcoin reserves listed companies in the Gulf Cooperation Commission (GDP totaling US$2.2 trillion).
According to Bitcoin Magazine, the latest 13F document of Abu Dhabi sovereign wealth fund Mubadala shows that its BlackRock spot Bitcoin ETF (IBIT) position increased to 8.727 million shares, with a market value of US$408.5 million, an increase of 6% from the end of 2024. This investment coincides with the high-level interaction between the US and Afghan crypto policy. David Sacks, a AI and crypto adviser specially hired by President Trump, discussed opportunities for the integration of digital currency and artificial intelligence with UAE officials on March 20.
Blockchain investment company Coinsilium raises £1.25 million to launch Bitcoin financial strategy
According to Bitcoin Magazine, blockchain investment company Coinsilium Group announced that it had completed a £1.25 million institutional financing and simultaneously launched a £250,000 retail fundraising plan to promote the Bitcoin reserve strategy. This targeted share issuance is priced at 3 pence per share, and the oversubscription funds will be injected into its wholly-owned subsidiary Forza (Gibraltar) Co., Ltd. as the operating entity. The company's executive chairman Malcolm Palle said the financing will accelerate the implementation of the Bitcoin reserve plan. Oak Securities was also appointed as a co-broker to strengthen the capital market operation capabilities. The newly issued shares are expected to be listed on Aquis Growth Market on May 22, with a total share capital of 274.7 million shares upon completion. Board member James Van Straten stressed that the company is focusing on the Bitcoin reserve strategy, and the fundraising includes an arrangement to pay £196,800 for service fees with 6.56 million shares of common shares.
According to Bitcoinmagazine, cross-border consumer goods e-commerce group DDC Enterprise announced the launch of its Bitcoin reserve strategy, planning to hold a total of 5,000 BTC in 36 months. In a letter to shareholders, Norma Chu, founder and CEO, said that he would immediately purchase 100 BTC in the first period and set a short-term goal of increasing his holdings to 500 within 6 months. The company has formed a new advisory committee and fund management team with experience in crypto assets to be responsible for the implementation of the strategy. According to the 2024 financial report, DDC's annual revenue reached US$37.4 million, a year-on-year increase of 33%, and its gross profit margin increased to 28.4%. As of March 31, 2025, the company held approximately US$23.6 million in cash and short-term investments. Norma Chu emphasized that the characteristics of Bitcoin as an anti-inflation asset are highly consistent with the company's diversified reserve strategy.
Wisconsin sells BlackRock's Bitcoin ETF worth over $300 million
According to The Block, the latest 13F document disclosed by the Wisconsin Investment Commission shows that the agency has cleared the $321 million BlackRock spot Bitcoin ETF (IBIT). The commission no longer holds any share of IBIT in the fiscal quarter ended at the end of March, the documents show. The investment committee has not completely withdrawn from crypto-related investments, and documents show it still holds about $19 million worth of Coinbase shares. Previously, the institution had cleared its holdings of Grayscale Bitcoin Trust (GBTC). It is worth noting that BlackRock IBIT Fund has just set a record of 20 consecutive days of net inflows, with capital inflows exceeding US$5 billion.
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