18 Jul 2025, 15:29

XYZVerse: A New Contender in the Meme Coin Arena

As the cryptocurrency landscape continues to evolve, a new player, XYZVerse, emerges with the potential to overtake established meme coins like Little Pepe and Dogecoin. This article delves into the unique aspects and strategies that could catapult XYZVerse to the forefront of the crypto world. The Rise of XYZVerse: Combining Sports with Meme Culture Unlike many fleeting trends in the meme coin sector, XYZVerse introduces a novel concept by merging the vibrant worlds of sports and meme culture. This approach not only enhances its market appeal but also solidifies its presence in the cryptocurrency community. The pre-launch buzz is significant, and it's reflected in the overwhelming community response. The early stages of the presale have already indicated a promising trajectory with substantial investment flowing in. What sets XYZVerse apart is its vision of integrating real-world utility with the inherent virality of memes. Community Enthusiasm and Market Response XYZVerse's reception on prominent platforms like CoinMarketCap has been predominantly positive, with an impressive bullish sentiment from the community. This enthusiasm is crucial for its long-term viability and growth potential. Endorsements from notable figures in the crypto space, such as DanjoCapitalMaster , a crypto influencer with a large following, have further bolstered its market position. These endorsements are not just mere validations but also serve as a significant driver of interest and investment. Strategic Tokenomics and Community Rewards XYZVerse is not merely riding the hype wave. It has laid out a well-thought-out tokenomics structure, dedicating a portion of its total supply to liquidity, community rewards, and strategic burns. Such measures are designed to sustain long-term growth and stability, setting it apart from many traditional meme coins. To further entice and reward its supporters, XYZVerse has introduced an Ambassador Program, enhancing community engagement and loyalty. Exploring the Competitive Edge: XYZVerse vs. Other Meme Coins While Little Pepe and Dogecoin each have their unique attributes and community appeal, XYZVerse distinguishes itself by not only embracing the meme coin identity but also by adding a layer of utility and community interaction that could prove more sustainable in the long run. Investment Opportunities and Future Outlook The ongoing presale offers a lucrative opportunity for early investors, with prices expected to climb as the various stages progress. For those considering involvement, the time might be ripe to explore this potential moonshot opportunity before the presale concludes. Take advantage of the XYZVerse presale Conclusion As the crypto market continues to witness the rise and fall of various tokens, XYZVerse establishes itself as a formidable contender. With its innovative approach to combining sports with meme culture and a robust community-driven framework, it might just outshine traditional hypecoins like Little Pepe and Dogecoin in future market cycles. For more information on XYZVerse, visit their official website , join their Telegram channel , or follow them on X.com . Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

18 Jul 2025, 15:26

Backpack Launches FTX Debt Marketplace for Creditors to Sell Claims to Third-Party Buyers

Backpack Exchange has launched a non-profit claims sale channel enabling FTX creditors to sell their bankruptcy claims to third-party buyers, offering an alternative to waiting for the official distribution process that has already returned $6.2 billion across two major payment rounds. The platform offers a complete one-stop process, encompassing identity verification, claims validation, offer confirmation, and settlement payment, all without charging any fees. Backpack stated that it will not profit from the service, and the marketplace will just be a means of assistance to the crypto community following its own $14.5 million loss on FTX. Backpack 正式开放 FTX 债权出售通道… pic.twitter.com/QkqwXFC4nD — Backpack中文 (@Backpack_CN) July 18, 2025 Restricted Jurisdiction Claims Create Market Uncertainty The launch comes as FTX creditors face uncertainty over claims in 49 restricted jurisdictions , with Chinese users accounting for 82% of the disputed $800 million total value. The FTX Recovery Trust is seeking court approval to treat these claims as disputed until legal opinions determine the feasibility of distribution. Backpack warned that selling claims involves opportunity costs, noting that creditors who continue holding may receive higher compensation in future distributions. This comes after the exchange has acquired FTX EU and plans to oversee fund distribution to European customers under the Backpack EU brand, launching in Q1 2025. The marketplace addresses growing secondary market demand as FTX creditors seek immediate liquidity rather than waiting for future distributions that could extend through 2025. Current distribution rates range from 54% to 120% depending on claim categories, with convenience claims under $50,000 receiving full reimbursement plus 9% annual interest. FTX Recovery Progress Faces Geographic Distribution Challenges FTX has distributed $6.2 billion across two major payment rounds since beginning repayments in February 2025 . The first distribution totaled $1.2 billion for convenience class creditors with claims under $50,000, while the second distribution, which reached $5 billion, was made for larger claimants in May . Dotcom Customer Entitlement Claims received 72% distributions, while US Customer Entitlement Claims received 54% payouts. General Unsecured Claims and Digital Asset Loan Claims both received 61% distributions, with convenience claims receiving a full 120% reimbursement, including interest. The Recovery Trust now seeks to dispute claims from 49 restricted jurisdictions, including China, Russia, Iran, North Korea, and 45 other nations where local laws prohibit crypto trading or where FTX lacked proper licensing. Affected creditors receive a 45-day notice period to object to their jurisdiction’s restricted status. Chinese creditors are mobilizing legal challenges , arguing that mainland China recognizes the commodity attributes of cryptocurrency and permits residents to hold digital assets. A Chinese creditor of @FTX_Official has pushed back against a proposal that could cut off creditor distributions to users in certain jurisdictions. #China #FTX https://t.co/bI8IrOEdWz — Cryptonews.com (@cryptonews) July 10, 2025 One creditor stated that while China doesn’t support crypto trading, USD settlements should be legally permissible for overseas holdings. Weiwei Ji, representing over 300 Chinese creditors, filed objections claiming $15 million across four KYC-verified accounts. Ji argued that China’s inclusion as a restricted jurisdiction “ is unsupported by either fact or law, ” citing Hong Kong-based distribution mechanisms as precedent. Backpack’s Strategic Position in FTX Recovery Ecosystem Backpack’s acquisition of FTX EU, approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission, positions the exchange as a key player in the recovery process. The company will oversee the distribution of funds to FTX EU customers as part of the court-approved bankruptcy claims process. The acquisition faced ownership disputes, with the FTX estate claiming that share transfers to the original founders, Patrick Gruhn and Robin Matzke, had not been completed. Backpack maintains that the sale was finalized in June 2024 following regulatory approval from CySEC after rigorous due diligence. The company emphasized customer restitution as critical to rebuilding industry trust, stating that returning funds quickly and safely remains the primary objective. Sam Bankman-Fried remains imprisoned until December 2044 after receiving a 25-year sentence for fraud charges. Sam Bankman-Fried has been relocated to Terminal Island, a federal facility in California where Al Capone and Charles Manson were once imprisoned. #SBF #FTX https://t.co/FqUQ7vyPvQ — Cryptonews.com (@cryptonews) April 18, 2025 He was recently transferred to the low-security Federal Correctional Institution Terminal Island in Los Angeles , while accomplices Caroline Ellison and Ryan Salame received prison sentences. The Justice Department continues seeking the return of $13.25 million in political contributions linked to former FTX executives, with ongoing negotiations involving various political action committees extending through 2025. The post Backpack Launches FTX Debt Marketplace for Creditors to Sell Claims to Third-Party Buyers appeared first on Cryptonews .

18 Jul 2025, 15:25

GENIUS Act Reshapes Stablecoin Strategy, Says Foresight Ventures Partner

Ripple and Circle’s applications for U.S. national trust bank charters are being framed less as a bold industry move and more as a calculated, defensive pivot in response to looming regulation. In an interview with CryptoNews, Alice Li, Investment Partner and Head of North America at Foresight Ventures, explains that the move is fundamentally about future-proofing operations amid rising pressure from the GENIUS Act, a landmark bill reshaping stablecoin oversight in the United States. In a historic move for U.S. crypto regulation this week , the GENIUS Act—formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act—has cleared both chambers of Congress. The House just passed my bill – The GENIUS Act! This historic legislation will bring our payment system into the 21st century. It will ensure the dominance of the U.S. dollar. It will increase demand for U.S. Treasuries. I look forward to @POTUS signing GENIUS into law –… pic.twitter.com/NmQMVHZGls — Senator Bill Hagerty (@SenatorHagerty) July 17, 2025 “The GENIUS Act makes clear that any issuer aiming for scale must meet bank-level regulatory standards,” said Li, whose investment focus spans stablecoin infrastructure, payment rails, and Web3 applications. “Applying for a bank charter doesn’t guarantee approval—but it signals long-term compliance intent to regulators and partners.” Stablecoin Shakeout: Institutional Integration vs. DeFi Independence Li expects the stablecoin sector to split into two camps over the next 12 to 18 months: institutional-focused players pursuing full licensing and banking integration, and DeFi-native or offshore issuers targeting niche use cases. As U.S. regulatory clarity solidifies, banks and traditional financial rails will face growing pressure to integrate stablecoins, not out of ideological alignment, but due to user demand for faster, cheaper, programmable financial products. Licensing Is the New Moat—and the New Barrier As the stablecoin market matures, Li says the ability to secure a U.S. banking license is quickly becoming the sector’s defining edge—and an operational filter for investors. “We no longer evaluate infrastructure startups purely on technical sophistication. Regulatory readiness and ability to integrate with licensed issuers are now critical,” she notes. While Ripple’s and Circle’s path toward becoming full U.S. banks may crowd out direct USD stablecoin competition, Li sees fertile ground for certain technologies. These include on-chain compliance tools, real-time risk monitoring systems, tokenization middleware, and fiat-crypto bridge infrastructure. Startups able to plug into the evolving regulated stack—rather than compete head-on—will be well positioned. Still, licenses come at a cost. “Licenses are both a moat and a constraint,” Li explained. “For U.S. dominance, they’re non-negotiable. Agility is reduced, but large-scale adoption requires regulatory alignment.” For new entrants, distribution is key—but without regulatory credentials, major partners won’t engage. Global Divergence and the Rise of Hybrid Models While U.S. bank charters may offer a long-term edge domestically and with institutional clients, Li believes global stablecoin competition will remain multi-speed. Offshore players like Tether will continue to dominate in DeFi and cross-border use cases due to flexibility and fewer compliance demands. “In the short term, Tether and similar issuers won’t lose dominance in DeFi,” she said. “But as regulated players integrate into fintech apps and banking stacks, they’ll gradually absorb more institutional and retail flows—especially in treasury and on/off-ramp applications.” International jurisdictions are already reacting. “The UAE, Singapore, and Hong Kong are actively offering lighter-touch frameworks to attract issuers,” Li said. Paradoxically, issuers regulated under the GENIUS Act may even find it easier to integrate into these emerging hubs, as U.S. oversight lends legitimacy to cross-border deals. Li concludes that real-world asset (RWA) tokenization—already gaining traction—could become the bridge between traditional finance and crypto. “Just like Robinhood democratized equities, hybrid models will drive compliant, user-centric financial products,” she said. The GENIUS Act, rather than killing innovation, may accelerate bank-crypto collaborations, reshaping the financial system at its core. The post GENIUS Act Reshapes Stablecoin Strategy, Says Foresight Ventures Partner appeared first on Cryptonews .

18 Jul 2025, 15:24

MEI Pharma announces $100M PIPE deal to add Litecoin to corporate treasury

MEI Pharma announced Friday a $100 million private investment in public equity (PIPE) transaction to add Litecoin into its corporate treasury. The announcement is the first known instance of a publicly traded biotech company adopting Litecoin (LTC) as its primary reserve asset. Per a press statement published at 13:00 BTS, the investment round was led by Titan Partners Group and crypto trading firm GSR. MEI Pharma plans to raise gross proceeds of approximately $100 million through the sale of 29,239,767 shares of common stock, or pre-funded warrants, at $3.42 per share. The deal is expected to close on or around July 22, 2025, pending customary regulatory and closing conditions. As part of the transaction, the biotechnology firm will designate Litecoin creator Charlie Lee to its board of directors. GSR will also receive a board seat and take point in the company’s digital asset and treasury management advisory committee. MEI Pharma chooses LTC for its crypto treasury MEI previously announced it had done a review of business alternatives, which is now confirmed to have led towards blockchain and decentralized finance. The company has decided to anchor its treasury with LTC in cooperation with the Litecoin Foundation and GSR. “ MEI is pleased to pioneer this innovative public company treasury strategy with GSR and Charlie Lee, the first to share our knowledge in the biotech sector ,” said Frederick W. Driscoll, Chairman of the Board at MEI. “ We believe this step positions the company well for a new phase of innovation .” Charlie Lee, who created Litecoin in 2011, said the coin has always been fast, secure, and decentralized, and it was exciting to see those principles embraced by a public company like MEI. “ This milestone not only reflects growing institutional confidence in LTC but also sets the stage for broader adoption in traditional capital markets, ” the 48-year-old computer scientist remarked. Alongside Charlie Lee and the Litecoin Foundation, several crypto investment firms participated in the private placement. Backers include MOZAYYX, ParaFi, Hivemind, Primitive, RLH Capital, Delta Blockchain, and CoinFund, among others. Titan Partners Group, a division of American Capital Partners, was the sole placement agent for the PIPE transaction. The securities were offered under exemptions from the registration requirements of the Securities Act of 1933, particularly Section 4(a)(2) and Regulation D, and relevant state securities laws. Because the securities are being offered through a private placement, they cannot be publicly traded in the US without registration or an applicable exemption. According to the agreement, MEI Pharma intends to use the proceeds to acquire Litecoin (LTC), as the company’s principal treasury reserve asset. MEI stocks surge after Litecoin treasury news After the statement on the Litecoin treasury was released , MEI Pharma’s stock (NASDAQ: MEIP) surged 83.37% in pre-market trading on Friday, continuing a 16.58% rally from the previous day. The stock, currently changing hands at $5.99 after retreating from a 24-hour high of $9, has now gained 117% year to date and is up 86.71% over the past 12 months. The movement was accompanied by a steep increase in trading volume. Over 13 million shares changed hands Friday morning, dwarfing the company’s three-month daily average of around 26,000 shares. Meanwhile, Litecoin has broken out of a descending channel, forming a bullish flag pattern against the backdrop of a 24-hour 6% price uptick. The price climbed to $106.22 at the time of reporting, nearing its 7-day high of $111. Some traders believe it could consolidate briefly before another leg up. Technical analysts noted that if the price pulls back to its support zone at $100-$102, it may present a favorable long opportunity for bullish investors who could start profit-taking at around $110. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

18 Jul 2025, 15:23

Public Companies Increase ETH, XRP, SOL Holdings as Part of Growing Treasury Strategies: Animoca Brands

Public companies are increasingly adding altcoins like Ether (ETH), Solana’s SOL, and XRP to their treasury strategies, according to a new report from Animoca Brands Research. Key Takeaways: Public companies are increasingly diversifying their crypto treasuries by adding altcoins. This trend uses financial instruments to grow crypto exposure without direct spot market purchases. SharpLink Gaming recently became the largest corporate Ethereum holder. The move follows a trend set by high-profile Bitcoin investors, aiming to diversify crypto holdings beyond just BTC. The report, titled Altcoin Strategic Reserves , said that firms are using financial tools such as convertible debt and equity issuance to build exposure to cryptocurrencies. This approach allows companies to gradually increase their crypto holdings per share, tapping into investor demand for altcoin assets without direct spot market exposure. Strategy Leads the Way with 600,000+ Bitcoin Reserve MicroStrategy popularized this model by holding over 600,000 bitcoins as a hedge against inflation and currency devaluation. Now, companies are broadening their strategies to include tokens like BNB, TRX, HYPE, and FET. These firms often serve as rare gateways for investors seeking altcoin exposure but lacking easy access through traditional financial products like ETFs. Market reaction has been strong, with companies revealing altcoin holdings experiencing average stock price jumps of 150% in one day, 185% in a week, and 226% over a month, the report notes. However, altcoins come with heightened risks due to their volatility, lower liquidity, and experimental technology compared to Bitcoin. Yet, the report suggests that if tokens support staking or network functions, this could improve liquidity and security in their ecosystems, potentially accelerating wider crypto adoption. Are altcoins the new frontier for corporate treasuries? Our latest report dives into how public companies are adopting the MicroStrategy playbook – but this time, with altcoins. Altcoins being bought include: $ETH , $BNB , $SOL , $XRP , $HYPE , $FET , $TRX Less competition &… pic.twitter.com/lQUxkUeVzR — Animoca Brands Research (@animocaresearch) July 17, 2025 On Friday, SharpLink Gaming increased its Ethereum holdings by purchasing another 32,892 ETH worth $115 million, bringing its total to 144,501 ETH valued at $515 million over nine days. The buying spree coincides with Ethereum’s rise to six-month highs above $3,400. SharpLink, a Minneapolis-based marketing company, is now the world’s largest corporate holder of Ethereum, surpassing the Ethereum Foundation with around 353,000 ETH valued at over $1.2 billion. The company’s Ethereum accumulation began in late May after a $425 million private placement led by Consensys. SharpLink’s stock has soared 29% during this period and has increased about sixfold since shifting to an ETH treasury strategy. Nearly all of SharpLink’s Ethereum is staked, earning rewards while supporting Ethereum’s network security through the proof-of-stake mechanism. More Public Companies Diversify into Crypto Following the model pioneered by Michael Saylor’s Strategy, more public companies are diversifying into crypto holdings that include BTC, ETH, SOL, and XRP. Just recently, BIT Mining announced plans to raise between $200 million and $300 million to build a Solana (SOL) treasury as part of a broader expansion into the fast-growing blockchain ecosystem. Last week, DeFi Development Corp. revealed that it has acquired $2.7 million worth of Solana as part of its aggressive crypto treasury strategy. Likewise, Canadian digital asset firm Sol Strategies, already trading on the Canadian Securities Exchange, holds over 420,000 SOL tokens, positioning itself as a significant institutional player in Solana’s ecosystem. Last month, the firm also filed to list its common shares on the Nasdaq Capital Market under the ticker “STKE” as it ramps up its U.S. expansion. The post Public Companies Increase ETH, XRP, SOL Holdings as Part of Growing Treasury Strategies: Animoca Brands appeared first on Cryptonews .

18 Jul 2025, 15:21

Upexi's cryptocurrency strategy pays off with 67% weekly gain

More on Upexi Upexi: The 'Strategy' Of Solana? Upexi prices $200M private placement of common stock and convertible notes Upexi increases Solana treasury to 201,500 Solana tokens for $30M Seeking Alpha’s Quant Rating on Upexi Historical earnings data for Upexi