#FTX creditors to receive 98% of claims in cash, 100% for other creditors, boosting market trust. #Crypto #CryptoNews
FTX's CEO commits to repaying creditors, analysts note surplus funds for complete #bankruptcy recovery.
https://coinpedia.org/news/ftxs-commitment-to-creditors-amended-plan-of-reorganization-filed/
FTX's CEO commits to repaying creditors, analysts note surplus funds for complete #bankruptcy recovery.
https://coinpedia.org/news/ftxs-commitment-to-creditors-amended-plan-of-reorganization-filed/
CoinPedia
Crypto Bloodbath Reversed?! FTX Reveals Reorganization Plan for Creditor Repayments
Good news for FTX creditors! In a major breakthrough, FTX Trading and its affiliates have made significant progress towards financial recovery by
Wytham Abbey, known as the "Effective Altruism Castle," is up for sale for £15 million near Oxford. It's a historic property with lots of space and a rich history.
There's been some controversy about how it was bought, but now it's on the market, and people are interested. #FTX #SBF #Crypto
https://coinpedia.org/news/ftx-linked-charity-foundation-lists-oxford-castle-wytham-abbey-for-sales-at-15m/
There's been some controversy about how it was bought, but now it's on the market, and people are interested. #FTX #SBF #Crypto
https://coinpedia.org/news/ftx-linked-charity-foundation-lists-oxford-castle-wytham-abbey-for-sales-at-15m/
CoinPedia
FTX-Linked Charity Lists Historic Wytham Abbey Castle for Sale at £15M
Situated just a short distance from the historic city of Oxford, Wytham Abbey stands tall, commanding attention with a price tag of £15 million ($18.7
#Solana's price initially dropped 5% due to #FTX sell-off concerns but quickly rebounded.
Open interest fell by 40% to $1.78 billion, signaling market uncertainty; Solana eyes surpassing #Ethereum in transaction fees.
https://coinpedia.org/news/ftx-sell-off-fears-trigger-5drop-liquidating-125m-shorts-whats-next/
Open interest fell by 40% to $1.78 billion, signaling market uncertainty; Solana eyes surpassing #Ethereum in transaction fees.
https://coinpedia.org/news/ftx-sell-off-fears-trigger-5drop-liquidating-125m-shorts-whats-next/
CoinPedia
Solana Short Sellers Terrified! SOL Price Rebound Threatens $125 Million Liquidations
Solana, one of the prominent cryptocurrencies in the market, recently took a dip, facing a notable 5% decline that caught the attention of investors. The
#FTX and #Alameda liquidate $97M in assets, sparking market volatility fears, concerns over repayments.
Creditors to receive 100-118% compensation, but worries persist over FTX's response to #crypto repayments.
https://coinpedia.org/news/crypto-giants-ftx-and-alameda-research-in-97m-sell-off-frenzy-whats-next-for-investors/
Creditors to receive 100-118% compensation, but worries persist over FTX's response to #crypto repayments.
https://coinpedia.org/news/crypto-giants-ftx-and-alameda-research-in-97m-sell-off-frenzy-whats-next-for-investors/
CoinPedia
FTX and Alameda Research Plan $97M Sell-Off for Customer Repayments
Two bankrupt crypto firms FTX and Alameda Research have been actively liquidating their altcoin holdings as part of a debt repayment strategy. According
DOJ picks Forensic Risk Alliance over Sullivan & Cromwell to monitor #Binance's compliance. #Crypto
Sullivan & Cromwell sidelined due to #FTX scandal involvement; may monitor Binance for #FinCEN.
https://coinpedia.org/news/unveiling-binances-hidden-layers-fra-takes-charge-in-explosive-oversight-role/
Sullivan & Cromwell sidelined due to #FTX scandal involvement; may monitor Binance for #FinCEN.
https://coinpedia.org/news/unveiling-binances-hidden-layers-fra-takes-charge-in-explosive-oversight-role/
CoinPedia
Is Binance Hiding Something? DOJ Chooses New Watchdog After Law Firm Controversy
In a significant move, the U.S. Department of Justice (DOJ) has chosen Forensic Risk Alliance (FRA) to monitor compliance efforts at Binance Holdings
K33 Research predicts #bullish trend due to #FTX's $14.5 billion cash repayments, contrasting with #crypto repayments. #CryptoNews
Staggered repayments from #FTX, #Gemini, and #Mt.Gox could smooth market volatility, despite controversies over FTX's proposal.
https://coinpedia.org/news/ftx-repayments-could-spark-crypto-market-surge-says-k33-research/
Staggered repayments from #FTX, #Gemini, and #Mt.Gox could smooth market volatility, despite controversies over FTX's proposal.
https://coinpedia.org/news/ftx-repayments-could-spark-crypto-market-surge-says-k33-research/
CoinPedia
FTX Cash Repayments: Bullish Signal for Crypto Market Recovery?
Experts at K33 Research are eyeing an encouraging upswing in the crypto market, thanks to the upcoming reimbursements from the bankrupt crypto exchange,
Top #CryptoNews in Past 12 Hours
1️⃣US Jersey City’s Mayor Steven Fulop announced the pension fund applied to invest in a Bitcoin ETF.
2️⃣Robert F. Kennedy Jr. proposed the U.S. government buy #Bitcoin to match its gold reserves.
3️⃣On July 25, #ETH spot #ETFs saw $152M outflow; Grayscale’s ETHE faced $346M net outflow.
4️⃣On July 25, #BitcoinETFs saw $31.16M inflow, while Grayscale’s GBTC had $39.59M outflow.
5️⃣SlowMist reported fake video conferencing software used in crypto thefts, including the Monoswap hack.
6️⃣Unless #CZ's situation changed, he stayed at FCI Lompoc II, with a release date of September 29.
7️⃣BitFlyer acquired 100% of #FTX Japan’s shares, making it a wholly-owned subsidiary, to develop new crypto services.
1️⃣US Jersey City’s Mayor Steven Fulop announced the pension fund applied to invest in a Bitcoin ETF.
2️⃣Robert F. Kennedy Jr. proposed the U.S. government buy #Bitcoin to match its gold reserves.
3️⃣On July 25, #ETH spot #ETFs saw $152M outflow; Grayscale’s ETHE faced $346M net outflow.
4️⃣On July 25, #BitcoinETFs saw $31.16M inflow, while Grayscale’s GBTC had $39.59M outflow.
5️⃣SlowMist reported fake video conferencing software used in crypto thefts, including the Monoswap hack.
6️⃣Unless #CZ's situation changed, he stayed at FCI Lompoc II, with a release date of September 29.
7️⃣BitFlyer acquired 100% of #FTX Japan’s shares, making it a wholly-owned subsidiary, to develop new crypto services.
Key Events to Watch in #Crypto This Month
🟡1 Aug 2024 : #FED Chair Jerome Powell Holds a Monetary policy Press Conference
🟡2 Aug 2024: US July #Unemployment Rate
🟡13 Aug 2024: US July #PPI (8:30 A.M. Eastern Time)
🟡14 Aug 2024 : US July #CPI (8:30 A.M. Eastern Time)
🟡16 Aug 2024: #FTX Consumer Voting Deadline
🟡19 Aug to 21 Aug 2024: #Web3 Summit berlin 2024
🟡1 Aug 2024 : #FED Chair Jerome Powell Holds a Monetary policy Press Conference
🟡2 Aug 2024: US July #Unemployment Rate
🟡13 Aug 2024: US July #PPI (8:30 A.M. Eastern Time)
🟡14 Aug 2024 : US July #CPI (8:30 A.M. Eastern Time)
🟡16 Aug 2024: #FTX Consumer Voting Deadline
🟡19 Aug to 21 Aug 2024: #Web3 Summit berlin 2024
What Triggered the $800 Million Liquidation in #Crypto?
Is This the Worst Sell-Off for #Bitcoin Since the #FTX Collapse?
Want to Know Why #CryptoMarket is Down? 👇👇
https://coinpedian.substack.com/p/top-reasons-for-crypto-market-crash
Is This the Worst Sell-Off for #Bitcoin Since the #FTX Collapse?
Want to Know Why #CryptoMarket is Down? 👇👇
https://coinpedian.substack.com/p/top-reasons-for-crypto-market-crash
Substack
Top Reasons For Crypto Market Crash?!
What Happened to the Crypto Market?
Top #CryptoNews of This Week
1️⃣ Putin signed a law legalizing #cryptomining in Russia, effective ten days after publication
2️⃣ On August 5, the global market crash led to $1.022B in #crypto liquidations
3️⃣ #Crypto executives spoke with the White House as Democrats launched the “Crypto for Harris” campaign
4️⃣ BoJ Deputy Governor Uchida stated no rate hikes amid #financial market instability, yen dropped
5️⃣ U.S. Judge fined #Ripple $125M for securities law violations, reducing SEC's demand significantly
6️⃣ U.S. Judge approved a $12.7B settlement between #FTX and #CFTC, resolving the lawsuit.
7️⃣ Paris Olympic venues and French museum shops were hit by cyberattacks demanding #cryptocurrency ransoms.
8️⃣ Plustoken transferred over $450 million in ETH, with stolen funds now worth $1.9 billion.
9️⃣ #BitcoinETF options might launch in Q4; BlackRock applied for Ethereum Spot ETF options.
🔟 #OKX announced account terminations for users interacting with #TornadoCash or sanctioned entities.
1️⃣ Putin signed a law legalizing #cryptomining in Russia, effective ten days after publication
2️⃣ On August 5, the global market crash led to $1.022B in #crypto liquidations
3️⃣ #Crypto executives spoke with the White House as Democrats launched the “Crypto for Harris” campaign
4️⃣ BoJ Deputy Governor Uchida stated no rate hikes amid #financial market instability, yen dropped
5️⃣ U.S. Judge fined #Ripple $125M for securities law violations, reducing SEC's demand significantly
6️⃣ U.S. Judge approved a $12.7B settlement between #FTX and #CFTC, resolving the lawsuit.
7️⃣ Paris Olympic venues and French museum shops were hit by cyberattacks demanding #cryptocurrency ransoms.
8️⃣ Plustoken transferred over $450 million in ETH, with stolen funds now worth $1.9 billion.
9️⃣ #BitcoinETF options might launch in Q4; BlackRock applied for Ethereum Spot ETF options.
🔟 #OKX announced account terminations for users interacting with #TornadoCash or sanctioned entities.
🌟Significant Dates to Watch in October🌟
1️⃣ 4 Oct: Unemployment Rate & Non-Farm Payrolls.
2️⃣ 7 Oct: #FTX Court Hearing.
3️⃣ 10 Oct: #CPI Data Release.
4️⃣ 11 Oct: #PPI Data Release.
5️⃣ 17 Oct: #ECB Rate Decision.
#CoinPedia #CryptoNews #CryptoCommunity
1️⃣ 4 Oct: Unemployment Rate & Non-Farm Payrolls.
2️⃣ 7 Oct: #FTX Court Hearing.
3️⃣ 10 Oct: #CPI Data Release.
4️⃣ 11 Oct: #PPI Data Release.
5️⃣ 17 Oct: #ECB Rate Decision.
#CoinPedia #CryptoNews #CryptoCommunity
Top #CryptoNews of This Week
1️⃣ #Powell stated that Fed officials were not in a hurry to cut rates significantly.
2️⃣ The IMF urged El Salvador to revise its Bitcoin #regulations and overhaul its framework.
3️⃣ Japan’s new PM introduced policies supporting #blockchain and NFTs to boost regional economies.
4️⃣ #CZ shared that Binance thrived well without him after his release from custody.
5️⃣ #BlackRock's exec noted that Ethereum ETF underperformed compared to Bitcoin ETF in the short term.
6️⃣ Bitcoin miner revenue fell to $816 million in September, marking a yearly low.
7️⃣ Bitwise submitted the first #XRPETF application, aiming to attract mainstream investors.
8️⃣ #FTX's restructuring plan promised small creditors potential payments by the end of 2024.
9️⃣ Over a dozen blockchain companies hired North Korean IT staff unknowingly through identity fraud.
🔟 #Coinbase predicted positive Q4 2024 performance due to U.S. rate cuts and China stimulus measures.
1️⃣ #Powell stated that Fed officials were not in a hurry to cut rates significantly.
2️⃣ The IMF urged El Salvador to revise its Bitcoin #regulations and overhaul its framework.
3️⃣ Japan’s new PM introduced policies supporting #blockchain and NFTs to boost regional economies.
4️⃣ #CZ shared that Binance thrived well without him after his release from custody.
5️⃣ #BlackRock's exec noted that Ethereum ETF underperformed compared to Bitcoin ETF in the short term.
6️⃣ Bitcoin miner revenue fell to $816 million in September, marking a yearly low.
7️⃣ Bitwise submitted the first #XRPETF application, aiming to attract mainstream investors.
8️⃣ #FTX's restructuring plan promised small creditors potential payments by the end of 2024.
9️⃣ Over a dozen blockchain companies hired North Korean IT staff unknowingly through identity fraud.
🔟 #Coinbase predicted positive Q4 2024 performance due to U.S. rate cuts and China stimulus measures.
Is Your Money Safe? #FTX Creditors Get Hopeful News!
The $6.6 Billion Question: Will FTX Deliver? #Crypto #Cryptonews
https://coinpedian.substack.com/p/ftx-bankruptcy-plan-approved
The $6.6 Billion Question: Will FTX Deliver? #Crypto #Cryptonews
https://coinpedian.substack.com/p/ftx-bankruptcy-plan-approved
Substack
FTX Bankruptcy Plan Approved!
A New Chapter for Creditors?
FTX Bankruptcy Plan Approved
➡️ The approval of #FTX's plan allows for a robust $16.5 billion return to creditors, with a recovery rate of 118% for 98% of them.
➡️ Is this the bullish shift the #cryptomarket needs?
#CoinPedia #Crypto #Blockchain #Cryptocurrency
➡️ The approval of #FTX's plan allows for a robust $16.5 billion return to creditors, with a recovery rate of 118% for 98% of them.
➡️ Is this the bullish shift the #cryptomarket needs?
#CoinPedia #Crypto #Blockchain #Cryptocurrency
Top 10 Crypto Lawsuit Settlements
➡️ The #CFTC reached a record $12.70 billion settlement with #FTX and #Alameda, the largest in #Crypto history as of August 2024
➡️ Celsius, Terraform Labs, and Binance are also facing significant fines as part of this crackdown.
#CoinPedia #CryptoCommunity #Lawsuits #Blockchain
➡️ The #CFTC reached a record $12.70 billion settlement with #FTX and #Alameda, the largest in #Crypto history as of August 2024
➡️ Celsius, Terraform Labs, and Binance are also facing significant fines as part of this crackdown.
#CoinPedia #CryptoCommunity #Lawsuits #Blockchain
Last week in Crypto:
🔸#Crypto markets saw significant developments last week, with #Uniswap launching its L2 network and #Ripple facing legal challenges.
🔸Regulatory pressures also intensified, with the #SEC taking action against #Coinbase and #FTX.
#CoinPedia #CryptoNews #Blockchain
🔸#Crypto markets saw significant developments last week, with #Uniswap launching its L2 network and #Ripple facing legal challenges.
🔸Regulatory pressures also intensified, with the #SEC taking action against #Coinbase and #FTX.
#CoinPedia #CryptoNews #Blockchain
Top #CryptoNews in the Last 24 Hours
1️⃣ Saudi Arabia is hosting leading financial figures, including #BlackRock, Goldman Sachs, and Citibank, this week in Riyadh.
2️⃣ #Coinbase has launched 'Based Agent,' allowing crypto users to create their own AI agent in just three minutes.
3️⃣ #Tether currently holds $5.58 billion in Bitcoin and $3.87 billion in gold reserves.
4️⃣ #ElonMusk believes he can reduce U.S. government spending by $2 trillion if Donald Trump becomes president.
5️⃣ #FTX has opted to dismiss its lawsuit against Bybit and has settled for $228 million.
6️⃣ #BlackRock has reached a significant milestone, surpassing a total of 400,000 BTC in its Bitcoin holdings.
7️⃣ #Ripple co-founder criticizes Gary Gensler, calling him the worst public servant in history.
8️⃣ #Toncoin ($TON) is in a four-month downtrend, struggling to maintain a price above $5.00.
#CoinPedia #Cryptocurrency #Blockchain
1️⃣ Saudi Arabia is hosting leading financial figures, including #BlackRock, Goldman Sachs, and Citibank, this week in Riyadh.
2️⃣ #Coinbase has launched 'Based Agent,' allowing crypto users to create their own AI agent in just three minutes.
3️⃣ #Tether currently holds $5.58 billion in Bitcoin and $3.87 billion in gold reserves.
4️⃣ #ElonMusk believes he can reduce U.S. government spending by $2 trillion if Donald Trump becomes president.
5️⃣ #FTX has opted to dismiss its lawsuit against Bybit and has settled for $228 million.
6️⃣ #BlackRock has reached a significant milestone, surpassing a total of 400,000 BTC in its Bitcoin holdings.
7️⃣ #Ripple co-founder criticizes Gary Gensler, calling him the worst public servant in history.
8️⃣ #Toncoin ($TON) is in a four-month downtrend, struggling to maintain a price above $5.00.
#CoinPedia #Cryptocurrency #Blockchain
Top #CryptoNews In Last 24 Hours
1️⃣ #Tether mints 2 billion $USDT on the #Ethereum network.
2️⃣ #NanoLabs, a China-based crypto mining chip designer, now accepts Bitcoin for payments.
3️⃣ #Bitcoin surpasses Silver, climbing to 8th globally with a ₹1.736 Trillion market cap.
4️⃣ $BTC hits an all-time high of $89,000.
5️⃣ #MicroStrategy acquires $2 billion in #BTC, bringing its total holdings to $23 billion.
6️⃣ Alameda Research sues Waves founder Aleksandr Ivanov to reclaim $90M tied to #FTX's bankruptcy.
7️⃣ #ElSalvador profits $116 million from its #Bitcoin holdings.
8️⃣ FTX files a $1.8B lawsuit against #Binance and former CEO #CZ, seeking a clawback.
9️⃣ #Coinbase stock hits $300 for the first time since 2021.
🔟 Delta Prime #DeFi protocol exploited, resulting in a $4.8 million loss.
1️⃣ #Tether mints 2 billion $USDT on the #Ethereum network.
2️⃣ #NanoLabs, a China-based crypto mining chip designer, now accepts Bitcoin for payments.
3️⃣ #Bitcoin surpasses Silver, climbing to 8th globally with a ₹1.736 Trillion market cap.
4️⃣ $BTC hits an all-time high of $89,000.
5️⃣ #MicroStrategy acquires $2 billion in #BTC, bringing its total holdings to $23 billion.
6️⃣ Alameda Research sues Waves founder Aleksandr Ivanov to reclaim $90M tied to #FTX's bankruptcy.
7️⃣ #ElSalvador profits $116 million from its #Bitcoin holdings.
8️⃣ FTX files a $1.8B lawsuit against #Binance and former CEO #CZ, seeking a clawback.
9️⃣ #Coinbase stock hits $300 for the first time since 2021.
🔟 Delta Prime #DeFi protocol exploited, resulting in a $4.8 million loss.
🚨Breaking: The U.S. Department of Justice is reportedly seeking to seize $160 million in #Crypto assets tied to #FTX.
#CoinPedia #CryptoNews #Blockchain #SBF
#CoinPedia #CryptoNews #Blockchain #SBF
Top #CryptoNews In Past 24 Hours
1️⃣ #FranklinTempleton expanded its $410M on-chain U.S. government money market fund to #Ethereum.
2️⃣ #GaryGensler hinted at resignation in a recent statement as #SEC Chair.
3️⃣ The Pennsylvania House introduced a bill to allow the state to hold #Bitcoin as a reserve asset.
4️⃣ #DonaldTrump nominated ex-SEC Chairman #JayClayton as U.S. Attorney for the Southern District of New York.
5️⃣ 18 U.S. states sued the #SEC for unconstitutional overreach and biased treatment of the #Crypto industry under #GaryGensler.
6️⃣ 3AC liquidators aimed to raise their claim against #FTX to $1.53 billion, up from $120 million.
7️⃣ Senator #CynthiaLummis proposed selling Federal Reserve gold to fund the purchase of 1 million $BTC for U.S. reserves.
8️⃣ #VanEck, a $100 billion asset manager, projected that #BTC could reach $180,000 in this cycle.
9️⃣ #Fed Chair Jerome Powell stated that the economy was not indicating a need for additional rate cuts.
🔟 Delhi Police detained a man from West Bengal in connection with the Rs 2,000 crore #WazirX hack.
#CoinPedia #Blockchain #cryptocurrency
1️⃣ #FranklinTempleton expanded its $410M on-chain U.S. government money market fund to #Ethereum.
2️⃣ #GaryGensler hinted at resignation in a recent statement as #SEC Chair.
3️⃣ The Pennsylvania House introduced a bill to allow the state to hold #Bitcoin as a reserve asset.
4️⃣ #DonaldTrump nominated ex-SEC Chairman #JayClayton as U.S. Attorney for the Southern District of New York.
5️⃣ 18 U.S. states sued the #SEC for unconstitutional overreach and biased treatment of the #Crypto industry under #GaryGensler.
6️⃣ 3AC liquidators aimed to raise their claim against #FTX to $1.53 billion, up from $120 million.
7️⃣ Senator #CynthiaLummis proposed selling Federal Reserve gold to fund the purchase of 1 million $BTC for U.S. reserves.
8️⃣ #VanEck, a $100 billion asset manager, projected that #BTC could reach $180,000 in this cycle.
9️⃣ #Fed Chair Jerome Powell stated that the economy was not indicating a need for additional rate cuts.
🔟 Delhi Police detained a man from West Bengal in connection with the Rs 2,000 crore #WazirX hack.
#CoinPedia #Blockchain #cryptocurrency