United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors. Read More at https://cointelegraph.com/news/new-york-judge-nods-12-7-billion-settlement-between-ftx-alameda-and-cftc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category Archives: Uncategorized
Bitcoin possibly undervalued as Mayer Multiple hits lowest since FTX collapse
The popular Bitcoin valuation metric hasn’t been at this level since the downfall of cryptocurrency exchange FTX in November 2022. Read More at https://cointelegraph.com/news/bitcoin-undervalued-key-metric-price-cryptocurrency-ftx-traders-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Metaplanet secures 1B yen loan to buy more Bitcoin
Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one of its shareholders to buy more Bitcoin. Read More at https://cointelegraph.com/news/metaplanet-secures-billion-yen-loan-to-buy-more-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin whale txs hit highest levels in 4 months amid crypto dip
Santiment found that wallets holding between 10 and 1,000 BTC “rapidly accumulated” as Bitcoin fell under $50,000 amid “Crypto Black Monday.” Read More at https://cointelegraph.com/news/bitcoin-whale-transactions-highest-level-since-april-crypto-black-monday?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Lookonchain: Erm, actually the $2B of ETH was sold back in 2021
Lookonchain shared that Plus Token had begun moving nearly $2 billion in ETH but it turns out most of it had already been sold in 2021. Read More at https://cointelegraph.com/news/analysts-question-lookonchain-post-2-billlion-eth-token-plus?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto coalition calls for ‘clear rules of the road’ from Biden, Harris
Some of the CMIC members in support of the letter include Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Kaiko and Matrixport. Read More at https://cointelegraph.com/news/crypto-coalition-regulatory-clarity-president-biden?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’
XRP’s price has surged 26% as the Ripple vs. SEC case appears to be nearing its final stages, with no signs suggesting that XRP will be classified as a security. Read More at https://cointelegraph.com/news/xrp-price-cryptocurrency-surges-ripple-labs-sec-lawsuit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Robinhood Q2 crypto revenue surges 161% on rising trading volume
The $81 million Robinhood made in crypto revenue was more than double made from equities in Q2. Read More at https://cointelegraph.com/news/robinhood-q2-crypto-revenue-surges-161-percent?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Dogwifhat leads the market with 13% gain — What’s driving WIF price?
WIF booked a double-digit rebound to outperform memecoins, Bitcoin and altcoins which remain in sell-off mode. Read More at https://cointelegraph.com/news/dogwifhat-leads-the-market-with-13-gain-what-s-driving-wif-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s impending ‘death cross’ might not be ‘so deadly’ for BTC bulls — Analyst
Bitcoin appears on the verge of confirming a death cross, but one analyst says historical data suggests it’s nothing to worry about. Read More at https://cointelegraph.com/news/bitcoin-s-impending-death-cross-might-not-be-so-deadly-for-btc-bulls-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound