📰 Crypto News Highlights – May 16, 2025
📈 1. Bitcoin & Ethereum Stay Bullish
Bitcoin (BTC) is trading around $103,700, up 1.7% in the last 24 hours.
Ethereum (ETH) has climbed to $2,618, marking a 2.5% gain.
Market sentiment is cautiously optimistic as institutional interest returns.
💥 2. FTX to Repay $5 Billion to Creditors
FTX, the bankrupt crypto exchange, will begin $5 billion in repayments to users and creditors on May 30.
This major move could restore investor trust across the crypto space.
(Source: CoinDesk)
⚖️ 3. Coinbase Under SEC Investigation
Coinbase is being probed by the U.S. SEC over possible misrepresentation of key user data.
The exchange says the metrics were outdated, but its stock dropped 7% following the news.
(Source: Barron's)
🔥 4. SHIBA INU (SHIB) Price Alert
Analysts predict SHIB could pump to $0.000033, if it breaks the current resistance.
SHIB burn rate continues rising — a bullish sign.
(Source: The Crypto Basic)
🤖 5. Tether Launches AI Platform – Tether.ai
Tether has unveiled Tether.ai, a decentralized AI model platform.
It allows users to run AI models locally, without relying on centralized servers.
(Source: Hoka News)