Sygnum’s off-exchange custody platform allows traders to mirror assets held in Sygnum’s custody while trading on an exchange like Deribit.
Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect.
On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.
This integration enables institutional Deribit traders to hold their assets in Sygnum’s institutional-grade custody while accessing Deribit’s broad trading offering and liquidity.
Bankrupt crypto exchange FTX has kicked off its second round of repayments to creditors, disbursing over $5 billion to individuals and entities with approved claims.
This follows the firm’s initial payout of $1.9 billion and marks a major step in the collapsed exchange’s bankruptcy proceedings.
Will FTX Payout Spark a Potential Market Rally?
In a May 30 update, the defunct firm confirmed that the second round of distribution targets eligible claims in the Convenience and Non-Convenience Classes that have met the necessary pre-distribution conditions.
“This represents continued progress returning cash to FTX’s customers and creditors. I am proud of the outstanding success of the recoveries to date. Our work continues on recovering more for creditors and resolving outstanding claims,” John Ray III, FTX CEO, said.
Sunil Kavuri, a prominent FTX creditor advocate, shared that Kraken began processing FTX US distributions on May 30, with international disbursements scheduled for June 2. The total for US claims stands at $312 million, of which $168 million belongs to claims over $50,000.
The exchange pointed out that customers with Dotcom Entitlement Claims are receiving 72% of their eligible funds, while those under US Customer Entitlement Claims receive 54%.
Convenience Claimants, typically with smaller balances, will receive 120% of their initial claims. In addition, roughly 61% of General Unsecured and Digital Asset Loan Claims will also be repaid during this phase.
Meanwhile, FTX has also issued a security notice warning users of rising phishing scams tied to the payout process. The exchange urged all claimants to remain vigilant and verify communication sources before taking any action.
Researchers at Coinbase also echoed this view. They suggested that institutional recipients may look to re-enter the market, especially as regulatory clarity improves across key jurisdictions.
BloFin, the leading futures trading exchange, made a bold statement as the Title Sponsor at TOKEN2049 Dubai 2025, marking its third consecutive year of sponsorship.
At this year’s TOKEN2049, BloFin joins top exchanges including OKX, Binance, and KuCoin as a Title Sponsor, marking another milestone in its global expansion and industry recognition. From a Platinum Sponsor last year to a Title Sponsor this year, BloFin’s elevation in status reflects the brand’s growing ambition and commitment to the cryptocurrency industry. The company has also made significant strides in its offerings, showcasing multiple brand advancements, including launching sub-accounts, achieving ISO 27001 certification, and becoming the fourth exchange in the industry to complete the Unified Trading Account feature.
BloFin’s presence was prominent throughout the venue, from the entrance and exclusive registration counter to the welcome bags and key areas across the event space. The team engaged with industry leaders, partners, traders, and KOLs, fostering insightful conversations and building meaningful relationships to drive future crypto growth.
Finny Takes the Spotlight: BloFin’s Mascot Shines as the Star of TOKEN2049
A standout moment at TOKEN2049 was the official debut of Finny, BloFin’s newly unveiled mascot. Designed as a meme-worthy space whale, Finny quickly became a crowd favorite and a visual symbol of BloFin’s unique brand identity. Finny symbolized BloFin’s commitment to protecting whales and embodied the brand’s aspirations to the moon. With its captivating design, Finny became the event’s most talked-about character, further solidifying BloFin’s connection with the crypto community.
The First-ever Whale’s Rave: Arcadia Side Event of TOKEN2049 Concludes Successfully, Marking the Beginning of Exciting Collaborations with Luke Belmar
The Whale’s Rave: Arcadia event, presented by BloFin, quickly became the most talked-about side event of TOKEN2049 Dubai 2025, drawing nearly 1,000 attendees worldwide. This year also marked a historic collaboration between BloFin and renowned crypto investor Luke Belmar, taking the event to its peak and pushing its excitement to new heights.
Whale’s Rave: Arcadia was this exclusive event’s first edition, leaving an indelible mark on every attendee. The event redefined what crypto industry gatherings could look like, featuring premium whale-tier merchandise, an exclusive Whale’s Club-only gift, and the debut of BloFin’s beloved mascot Finny. BloFin also showcased a series of brand-defining performances, further solidifying the brand’s position as an innovator within the space.
In line with its continued growth, BloFin unveiled its all-new 2025 merchandise collection, designed exclusively for the crypto elite. The collection features eight unique items, including the coveted BloFin Top Whales Necklace and Ring Bundle, Whale’s Trading Journal, Gym Bag, Finny T-shirts, and exclusive Whale Club-only merchandise for VIP traders.
“We are incredibly excited about the success of the first-ever Whale’s Rave,” said Matt, CEO of BloFin. “It was an unforgettable moment to celebrate with our global community and partners. We were also pleased to share major product updates, including our Unified Trading Account, Sub-Account features, and the upcoming BloFin Card. We look forward to seeing everyone again in Singapore.” “It was the most fun and craziest party of the week!” as described by BeInCrypto and CoinTelegraph.
As the flames of the event burned bright, BloFin remains focused on its mission to create unforgettable experiences for its community and build a future where Whales Are Made.
With sights set on TOKEN2049 Singapore, BloFin is preparing to elevate its presence further, headlined by a large-scale, thousand-person celebration and deeper engagement with industry leaders. As BloFin expands its global reach and solidifies its role at the forefront of digital finance, the world can anticipate the next bold chapter from the brand that continues to prove: this is where whales are made.
BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website.
The crypto market’s volatility has left altcoins in limbo, uncertain about potential gains or losses, and heavily reliant on external factors. These influences could determine whether a recovery rally occurs.
BeInCrypto has analyzed three key altcoins for investors to watch in the third week of March and what direction they could take.
Solana (SOL)
Solana’s price is currently at $129, positioning itself for a potential bullish breakout. On March 17, the Chicago Mercantile Exchange (CME) will launch SOL Futures, a significant event for the altcoin. As CME is one of the largest derivatives exchanges globally, this could drive substantial institutional inflows into Solana.
This development could inject bullish momentum into SOL, pushing the altcoin higher. The critical resistance level to watch is $161, which would require a 24% price surge. However, for this rally to materialize, SOL must first breach the $135 and $148 resistance levels, paving the way for continued gains.
If Solana fails to break through either $135 or $148, its price could retrace. A drop below these levels could send SOL back to $126 or lower to $118. This scenario would invalidate the bullish outlook, delaying any potential recovery and exposing the altcoin to further downside risk.
Mantle (MNT)
MNT price has surged 25% over the past week as anticipation builds for Mantle’s upcoming network upgrade. On March 19, the Mantle Network Mainnet will undergo a hard fork upgrade, activating EigenDA and ensuring compatibility with Ethereum’s future Pectra upgrade. This event is driving strong bullish sentiment for MNT.
In response to the upgrade, MNT is expected to see further gains, potentially reaching $1.00. Currently trading at $0.83, the altcoin needs to breach the $0.87 and $0.94 resistance levels to sustain its rally. A successful breakout above these levels could confirm the bullish trend.
However, failure to surpass $0.87 could keep MNT stuck in consolidation. If the altcoin loses support at $0.79, it risks falling further to $0.71. A drop to this level would invalidate the bullish outlook and shift market sentiment toward a bearish trend.
BNB
Another altcoin to watch in March, BNB’s price surged 19.5% this week, reaching $635 at the time of writing. The altcoin successfully broke through the key resistance block between $587 and $619. With bullish momentum building, BNB appears poised for further gains, provided market conditions remain favorable in the coming days.
One major catalyst is the upcoming Pascal hard fork on March 20. The upgrade will introduce EIP-7702 smart contract wallets, enhanced Ethereum Virtual Machine (EVM) compatibility, and improved developer flexibility. These enhancements could drive investor confidence, pushing BNB above $647 and potentially toward the $686 mark.
However, if the anticipated rally fails to gain traction, BNB could retreat to $619. Losing this support level may trigger further declines, sending the altcoin back through the resistance block and potentially testing the $550 support level, which would invalidate the bullish outlook.
