FTX $5B Payout Set for May 30 as Trumps Predict $170K Bitcoin

eToro Re-Expands in U.S. With 12 New Cryptos After IPO and Regulatory Reset

eToro has added 12 cryptocurrencies—including Cardano, Dogecoin, XRP, and Shiba Inu—to its U.S. platform, increasing its listed assets from 3 to 15. The move follows a 2024 SEC settlement that forced the Israel-based firm to scale back its U.S. crypto offerings and pay a $1.5 million penalty. With a more favorable regulatory climate under the Trump administration and a successful Nasdaq IPO that raised $310 million, eToro is reviving its U.S. crypto presence. The company, now valued at roughly $5.4 billion, says the expansion reflects renewed confidence and growing customer demand.

FTX to Distribute Over $5B in Stablecoins to Creditors on May 30, Sparking Altcoin Season Hopes

FTX will begin distributing more than $5 billion in stablecoins on May 30, 2025, to creditors with claims over $50,000 who met pre-distribution requirements. The payout, representing nearly 2% of the entire stablecoin market, could significantly impact crypto markets by boosting liquidity. Eligible creditors can either convert the funds to fiat or reinvest in digital assets. The distribution is expected to conclude within three business days, forecasting a potential surge in Ethereum and altcoin activity as a result.

GameStop Stock Drops 11% After Announcing $513M Bitcoin Purchase in Treasury Pivot

GameStop shares fell nearly 11% to $31.21 on May 28 after the company revealed it had purchased 4,710 Bitcoin worth approximately $513 million, sparking a typical “sell-the-news” market reaction. The announcement followed earlier hints of a Bitcoin treasury strategy, aligning GameStop with a broader corporate trend of using Bitcoin as a hedge against fiat currency devaluation. CEO Ryan Cohen, speaking at the Bitcoin 2025 conference, highlighted Bitcoin’s portability, scarcity, and long-term upside compared to gold. Trump Media also saw a sharp stock decline after revealing plans to raise $2.5 billion to buy Bitcoin.

Don Jr. and Eric Trump Predict Bitcoin to Hit $170K by 2026, Push Crypto Agenda Amid Controversy

At the Bitcoin 2025 conference in Las Vegas, Donald Trump’s sons, Don Jr. and Eric Trump, predicted Bitcoin could reach as high as $175,000 by the end of 2026, citing surging demand and limited supply. The two have become vocal crypto advocates, backing projects like World Liberty Financial and American Bitcoin, which plans to go public this year. Eric credited Michael Saylor for inspiring their Bitcoin treasury strategy and criticized traditional banking after being debanked himself. Amid their crypto push, House Democrats have introduced legislation to ban political families from heavy crypto investments and are investigating the Trumps’ crypto dealings, including memecoin activity and token sales. Eric called crypto a remedy for systemic corruption and inefficiency in traditional finance.

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