Mario Nawfal’s viral interview casts Patrick Gruhn as one of the few FTX insiders who not only survived but materially profited from the wreckage. Summary Gruhn sold his firm to FTX for about $400 million and later repurchased FTX Europe’s assets for roughly $32.7 million after bankruptcy His new platform UpsideOnly executes trades with company
On May 22, 2010, a programmer named Laszlo Hanyecz traded 10,000 BTC for two pizzas worth roughly $41. Today, those same coins are valued at approximately $773M, as Bitcoin Pizza Day marks its 16th anniversary. The question this anniversary raises isn’t whether Laszlo made a mistake. The real question is what holding this asset through
Germany’s Finance Committee has rejected a proposal from the Green Party to scrap the country’s tax exemption for cryptocurrencies held longer than one year. Summary Germany’s Finance Committee rejected a Green Party proposal to end the country’s one-year crypto tax exemption for long-term holders. CDU/CSU, AfD, and SPD lawmakers opposed the measure for different reasons,
In XRP news today, total Ripple ETF holdings just crossed $1.15Bn, and that headline number is only half the story. On the same day Whale Insider reported $8.88M in fresh XRP inflows, pushing ETP assets to that milestone, institutional custodian Copper announced it was adding support for Ripple’s RLUSD stablecoin to its platform. The more
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum closed the week in the red with a 6% loss after the price fell from its ascending channel. This is a bearish breakdown that could see the asset revisit the support at $2,000 in the coming week. If
Hyperliquid and Zcash are leading the altcoin market, but analysts warn that crowded sentiment and stretched indicators may raise pullback risk. Summary Hyperliquid trades near $59 after hitting a $62.18 all-time high on May 21. Zcash is up over 100% in 30 days, but traders now watch the $700 resistance zone. Analysts warn crowded sentiment
The current value of those Papa John’s pizzas reflects how much Bitcoin as an asset and a network has grown. Every May 22, the crypto industry remembers and celebrates a trade that sparked a financial revolution: 10,000 bitcoins (BTC) for two Papa John’s pizzas. That one trade, although trivial at the time, marked the
Ethereum sentiment has weakened sharply in May as traders react to price pressure, ETF outflows, Foundation exits, and slower network growth. Summary Santiment says Ethereum’s market cap fell 11.6% in 15 days as trader sentiment weakened. ETF outflows, Foundation exits, and slower network growth have fueled fresh Ethereum doubts in May. JPMorgan says ETH needs
Bitcoin options expiry saw traders cut risk, with Greeks.live data pointing to weak activity, lower implied volatility, and defensive positioning. Summary Greeks.live said 21,000 Bitcoin options expired with $1.6 billion in notional value settled on Friday. Ethereum options activity cooled as 129,000 contracts expired, with ETH spot below max pain levels. Lower implied volatility and
Singapore’s MAS has revoked the Bsquared license after finding false statements and serious regulatory breaches at the crypto firm. Summary Singapore’s MAS revoked Bsquared Technology’s MPI licence effective May 14, less than 18 months after it was granted on January 1, 2025. MAS found serious weaknesses in risk management and conflict of interest policies, plus