Market
FTX Repayments, JUP Buybacks, and More

Several events involving diverse ecosystems are expected to make headlines in crypto this week. From defunct exchange FTX to Jupiter and Hyperliquid, crypto market participants should prepare for a volatile week.
Traders and investors should consider adjusting their trading strategies around this week’s crypto market movers.
FTX Repayments
Defunct exchange FTX will start paying Bahamas creditors on Tuesday, February 18. BeInCrypto reported that the repayments will prioritize claims under $50,000, slated for processing through BitGo. Creditors outside the Bahamas must wait until March 4 for reimbursement.
It follows an email circulated among FTX creditors in early February, indicating details on reimbursement for lost assets. These payouts will begin at 10 AM ET on February 18.
Creditors will earn 9% annual interest on lost assets since November 11, 2022, as crypto values have surged since FTX’s collapse.
“Creditors in the Bahamas process have email confirmation that repayments will start on 18 Feb 2025 9% interest per annum from 11 Nov 2022,” FTX creditor activist Sunil Kavuri indicated, citing the email.
In a recent post, Kavuri warned us of ongoing phishing emails targeting FTX creditors. The fraudulent emails are reportedly from FTX and Ledger. The activist ascribes the threat to a possible data leak from either Kroll or FTX. Creditors are asked not to interact with the link.
“Scam Emails posing as FTX, Ledger Be vigilant,” Kavuri warned.
Meanwhile, BeInCrypto data shows FTX’s powering token, FTT, was trading for $2.22 as of this writing. This represents a modest climb of 2.36% since Monday’s session opened.
Jupiter’s JUP Buybacks
Another headline among top crypto news this week is Jupiter DEX’s (decentralized exchange) JUP token buyback. The move is part of the DEX’s transparency initiative and follows discussions about platform improvements and potential acquisitions within the Solana ecosystem.
With this announcement, Jupiter committed to allocating 50% of protocol fees to buy back and lock JUP tokens for three years.
“…we want more JUP. So buybacks start on Monday. 50% of all protocol fees will go towards buying JUP and locking it for 3 years,” Jupiter shared in a recent post.
The network said these developments would align with discussions at the Catstanbul Conference. During the event, Jupiter outlined platform enhancements and acquisition plans within the Solana ecosystem.
In hindsight, Jupiter pulled a similar move in January, allocating 50% of its protocol fees to buy back and burn JUP tokens. The move resulted in a 60% increase in token value. BeInCrypto data shows Jupiter’s JUP token is up by almost 10% since Monday’s session opened.
Hyperliquid Spot Trading
Adding to the list of top crypto news this week is Hyperliquid’s plans to add support for Ethereum (ETH) and Solana (SOL) spot trading. Recently, Shoku, a builder on Hyperliquid, hinted at the possible addition of ETH and SOL for spot trading.
Hyperliquid is a high-performance layer-1 (L1) blockchain built with native spot and perpetual trading support.
“Trading on Bybit, Binance, OKX or Coinbase means paying 10x to 25x more fees which kills your profit,” one popular user on X observed.
Hyperliquid recently launched spot Bitcoin (BTC) trading alongside Unit, a new decentralized asset tokenization layer. With the expansion of ETH and SOL spot trading, others anticipate increased liquidity to Hyperliquid, potentially capturing 15-30 % more volume.
“If they hit 30% spot/perp penetration for BTC, they might dominate 50% of WBTC & cbBTC trading,” another user added.

Despite this news, Hyperliquid’s HYPE token has been down almost 3% since Monday’s session opened. BeInCrypto data shows HYPE was trading for $25.65 as of this writing.
MELANIA Token Unlocks
Another interesting watch this week will be the MELANIA coin’s token unlocks. According to data on Cryptoranks, 30 million MELANIA tokens will be unlocked starting Tuesday. The tokens, constituting 3% of its circulating supply, are worth $39 million at current rates.

The tokens will be allocated to the team, likely members of ‘MKT World LLC’—Melania Trump’s incorporated company that launched and promoted the token. Recently, BeInCrypto reported the possibility of MELANIA insiders behind the controversial LIBRA meme coin. Based on this, many MELANIA token unlocks could also go to these anonymous insiders.
“Another project with heavy insider moves,” a popular user on X quipped.
As of this writing, MELANIA coin was trading for $1.29, down 3% since Monday’s trading session started. In a recent report citing Keyrock research, BeInCrypto indicated that 90% of token unlocks drive prices down.
Accordingly, MELANIA coin holders should brace for volatility around the massive token unlocks, as such events often become bearish catalysts.
Telegram’s TON Blockchain Exclusivity
Starting Friday, February 21, TON will become the exclusive blockchain for Telegram’s Mini Apps ecosystem. This follows an official statement on January 21 indicating that this standardization will benefit Telegram users.
Specifically, the announcement cited consistent and predictable experiences for users while delivering better protection against scams.
“All mini-apps on Telegram will now exclusively use TON as their blockchain infrastructure. All mini-apps that do not currently use TON should migrate by February 21, 2025. So let’s get on with it,” TON articulated on X.
Along with this exclusivity, TON Connect will also become the exclusive wallet integration protocol for all Telegram Mini Apps, except in bridging scenarios. This development represents the rekindling of Telegram’s partnership with TON after years of separation.
Initially developed by Telegram, the TON project faced regulatory challenges and was handed over to independent developers in 2020.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
MELANIA Crashes to All-Time Low Amid Insiders Continued Sales

A wave of heavy sell-offs linked to the team behind the Melania meme coin (MELANIA) has raised fresh concerns about insider activity within the project.
These activities have contributed to the token’s value dropping to an all-time low, a staggering 97% down from its all-time high on Trump’s inauguration day back in January.
Heavy Insider Selling Sends MELANIA to Historic Low
On April 19, on-chain analyst EmberCN reported that wallets tied to the project offloaded nearly 3 million MELANIA tokens.
In return, the team received approximately 9,009 SOL, valued at around $1.2 million. The tokens were sold through unilateral liquidity provisions added to the MELANIA/SOL trading pair on Meteora.
This transaction is part of a broader pattern. In the past three days, the MELANIA team reportedly moved 7.64 million tokens, worth about $3.21 million, from both liquidity and community wallets.
The team systematically added these tokens to the same liquidity pool and sold them for SOL within a pre-defined price range. Out of the total, they sold 2.95 million tokens just hours before EmberCN’s disclosure.
“In the past 3 days, the $MELANIA project team has continued to transfer out 7.643 million $MELANIA tokens ($3.21M) from liquidity and community addresses, then added them to MELANIA/SOL one-sided liquidity on Meteora, selling $MELANIA within a set range for SOL. Of which, 2.95 million $MELANIA tokens were sold 7 hours ago for 9,009 SOL,” EmberCN stated.
EmberCN further pointed out that the project’s team has sold over 23 million MELANIA tokens in the past month. The tokens were worth approximately $14.75 million.

These repeated sell-offs have added weight to concerns over internal dumping—suspicions that first emerged in March.
At the time, blockchain analytics firm Bubblemaps reported unusual movements of over $30 million in MELANIA tokens. Originally part of the community allocation, the tokens appeared to be gradually transferred to exchanges without explanation.
The firm linked these transactions to Hayden Davis, a co-founder of the meme coin. Davis previously worked on another controversial token, LIBRA, which briefly surged after Argentine President Javier Milei endorsed it, then quickly collapsed.
Bubblemaps also revealed that wallets tied to the MELANIA team control roughly 92% of the token’s total supply. Critics argue that this level of centralization raises red flags over potential market manipulation.
As a result of these concerns, MELANIA has seen its price collapse. After reaching a high of over $13 earlier this year, the token has dropped by over 96% to an all-time low of $0.38, according to data from BeInCrypto.

However, the steep decline reflects both internal turmoil and broader weakness in the meme coin sector. Investor appetite for high-risk tokens appears to be fading amid global uncertainty and a more cautious market sentiment
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Market
Charles Schwab Plans Spot Crypto Trading Rollout in 2026

Charles Schwab, one of the largest brokerage firms in the United States, is preparing to launch a spot cryptocurrency trading platform within the next year.
This marks a major move by one of the most trusted names in traditional finance and shows that demand for crypto investment options continues to climb.
Charles Schwab Eyes Crypto Expansion
During a recent earnings call, Schwab CEO Rick Wurster said the firm is optimistic about upcoming regulatory changes that could allow it to fully enter crypto trading.
“Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that,” Wurster explained.
This move would allow the company to offer direct access to spot crypto trading and place it in direct competition with major players like Coinbase and Binance.
While the company already offers crypto-related products such as Bitcoin futures and crypto ETFs, the addition of direct trading would significantly expand its crypto portfolio. According to the CEO, engagement on these products has grown rapidly in recent months.
Wurster revealed that visits to the firm’s crypto-focused content have surged 400%. Of that traffic, 70% came from users who are not yet customers, showing a growing appetite for digital asset investments.
Wurster’s confidence in crypto aligns with the Trump administration’s efforts to introduce a clearer regulatory framework for digital assets. Compared to past years, progress on crypto legislation and oversight has accelerated, especially among key regulatory bodies like the SEC.
If these improvements continue, Schwab could debut its spot crypto trading platform before mid-2026. The firm believes its reputation in traditional finance gives it a strategic advantage in expanding into the crypto space.
Meanwhile, Schwab is already dipping its toes into the sector through its role as custodian for Truth.Fi, an upcoming digital investment platform launched by Trump Media and Technology Group. Truth.Fi plans to offer a mix of Bitcoin, separately managed accounts, and other crypto-linked products.
Indeed, Schwab’s potential entry into the sector has drawn attention from other industry leaders. Asset management firm Bitwise CEO Hunter Horsley described the brokerage firm’s move as a milestone in crypto’s transition to mainstream finance.
Rachael Horwitz, Chief Marketing Officer at Haun Ventures, echoed that sentiment and encouraged Schwab to consider crypto-collateralized lending as a future offering.
“Schwab should implement crypto-collateralized lending as part of its banking services next,” Horwitz said.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says

A long-time supporter of XRP who is not afraid to speak his mind has issued stunning predictions concerning the future value of the cryptocurrency. His assertions have both interested and confused investors.
Investor Forecasts 50-Fold Return On XRP
As per the Alpha Lions Academy founder Edoardo Farina, an investment of $1,000 in XRP today can increase to more than $50,000 in the future. The estimate is based on the altcoin crossing Farina’s desired price target of $100 per token, from its current value of around $2.
“Buying $1,000 worth right now is really buying over $50,000 in the future when $XRP hits $100+”, Farina tweeted recently.
Farina previously revealed he will not sell any of his XRP holdings until the price reaches at least $100 per token. He terms the coin as sitting at the hub of what he refers to as a “multi-generational pump” and points out its potential function within the international finance system.
XRP @ $2
Buying $1,000 worth right now is really buying over $50,000 in the future when $XRP hits $100+
50x return
— EDO FARINA 🅧 XRP (@edward_farina) April 18, 2025
Minimum Holdings Suggestion Sparks Skepticism
According to reports, Farina urges retail investors to own a minimum of 1,000 XRP tokens. He asserts that such an amount is the minimum one needs in order to take advantage of the use and greater adoption of XRP in the future.
Such opinions regarding the issue have been unequivocal. Farina has reportedly said that individuals who have fewer than 1,000 XRP tokens “don’t care enough about their financial success” and called possessing less than that amount “insanity.”
Though these comments represent Farina’s individual investment strategy, they echo a developing perception among XRP enthusiasts that the asset is undervalued and poised for strong growth if regulatory clarity increases and more businesses embrace it.
Doubters Challenge The Life-Changing Assertions
Not everyone shares Farina’s positive perspective. Doubters have raised issues with his assertion that $1,000 in XRP today may be worth $50,000 someday.
One critic pointed out that even if XRP hits $100 and converts $1,000 into $50,000, this may not be sufficient for early retirement. The remark points out that what appears to be a good return may not necessarily be the life-altering wealth many investors expect.
Questions also arise regarding if XRP will ever hit the $100 level, and if so, how long it would take to arrive there.
Price Target Timeline Indicates Long Way To Go
The journey to $100 looks long for XRP, which is currently trading at about $2. It would need a nearly 5,000% rise from where it is now to reach $100.
Featured image from Pexels, chart from TradingView
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