FTX victims expressed unhappiness with the defunct exchange’s bankruptcy proceedings, claiming the estate overseeing the proceedings is no different than “the enterprise run by SBF (Sam Bankman-Fried). Their concern arises from the compensation FTX’s bankruptcy estate owes, which it may not try to meet adequately according to what the investors feel they rightfully deserve. In a court filing, they stated that digital assets have grown tremendously since FTX went bust in the 2022 bear market,...
Read More »XRP Open Interest Spike in Response to Ripple-SEC Developments
After making a comeback above $0.50 yesterday, XRP noted a mild decline from the level in the past 12 hours or so. The brief uptrend, however, wiped its weekly losses, making XRP the only top cryptocurrency in the green during the same period, with a slight rise. Investors Flock to XRP In line with the price action, XRP saw a surge in open interest (OI) as traders continued to closely monitor the ongoing legal battle between Ripple and the US Securities and Exchange...
Read More »Binance Plans Airdrops to Reward Loyal BNB Holders
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Read More »Pantera Capital Earmarks $200M to AI Projects
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Read More »NAB Ventures Makes Strategic Investment in Zodia Custody
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Read More »Ex-Convict Claims He Created Donald Trump-Themed DJT: ZachXBT
Ex-convict Martin Shkreli, who spent several years in prison for financial-related frauds, just recently hopped onto an X space and publicly announced his role in the creation of the new Donald Trump-themed token DJT. This comes after questions on the token’s authenticity and accusations of insider trading continue to come up. Ex-Convict Co-Created DJT While posting on X, ZachXBT highlighted that Shkreli, the infamous Pharma Bro, privately messaged him, highlighting that he...
Read More »IMF: CBDCs Can Help Middle-East Boost Its Financial Inclusion Plan
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Read More »Nomura’s Crypto Subsidiary Laser Digital Completes Licensing Process in Abu Dhabi
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Read More »Analyst Sets Target and Timeline for Bullish Price for Solana (SOL) and this Ethereum Token
While Bitcoin seems destined for more bearish trends in the coming days. Solana (SOL) is one of the top altcoins settling into an upward trend. Just recently, analysts discovered a bullish pattern on the SOL charts, one that could see the token top the gainers list soon. Coming right up along with Solana is an Ethereum token that is drawing investor interest. The token infuses the much needed AI algorithms into crypto trading, while offering so much more in the bargain. We have news on...
Read More »Here’s Why Bitcoin (BTC) May Hit Another ATH This Year: Analysts
TL;DR Bitcoin’s price has dropped over 8% in the past two weeks to around $65,200, but analysts expect a rebound to $72,000-$74,000 and potentially above $100,000 by late 2024. High BTC open interest and negative exchange netflow suggest increased volatility and a potential bull run. BTC’s Next Possible Move The leading cryptocurrency in terms of market capitalization has underperformed as of late, with its price dipping by over 8% in the past two weeks. Currently, it trades...
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