Day: April 6, 2025

Nearly 400,000 FTX users risk losing $2.5 billion in repayments

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Nearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process. Roughly 392,000 FTX creditors have failed to complete or at least take the first steps of the mandatory Know Your Customer verification, according to an April 2 court filing in the US Bankruptcy Court for the District of Delaware. FTX users originally had until March 3 to begin the verification process to collect their claims. “If a holder of a claim…

XRP High Stakes Setup: Analyst Warns Of Sharp Move To $17 Or $0.65

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Renowned market analyst Egrag Crypto has shared another puzzling XRP price prediction stating the altcoin is at a major technical crossroads. This development follows a resilient price performance in the past week during which XRP gained by 2.07% as the broader crypto market stands bullish despite the announcement of new US trade tariffs. Ascending Wedge Signals Incoming Volatility — Which Way Will XRP Break? In an X post on April 5, Egrag Crypto issued a dual price forecast on the XRP market based on the potential implications of a forming…

Billionaire investor would ‘not be surprised’ if Trump postpones tariffs

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Crypto-friendly billionaire investor Bill Ackman is considering the possibility that US President Donald Trump may pause the implementation of his controversial proposed tariffs on April 7. “One would have to imagine that President Donald Trump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect,” Ackman, founder of Pershing Square Capital Management, said in an April 5 X post. Trump may postpone tariffs to make more deals, says Ackman “I would,…

Meta’s Llama 4 puts US back in lead to ‘win the AI race’ – David Sacks

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The White House AI and crypto czar David Sacks says Meta’s release of its latest AI model, Llama 4, has pushed the United States into the lead in the global race for artificial intelligence dominance. “For the US to win the AI race, we have to win in open source too, and Llama 4 puts us back in the lead,” Sacks said in an April 5 X post, as speculation continues to mount over the US and China competing for the top spot in the global AI race. Sacks has…