FTX Trading Ltd. recently announced a major development in addressing the challenges stemming from the collapse of the FTX group in November 2022. The settlement involves its Bahamas-based subsidiary, FTX Digital Markets, and is subject to the approval of the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of The Bahamas.
When it comes to the crypto market, paying attention to whale activity can provide valuable insights and potentially lead to lucrative opportunities. These influential traders and investors possess significant resources and often conduct in-depth research on emerging projects. Whales accumulating a token prior to its launch is a strong indicator that they have identified a
The outlook for Cardano (ADA) token remains uncertain as analysts show caution amidst recent price movements. While there has been some upward momentum in ADA’s price, skepticism remains about a sustained uptrend. In this article, we will explore the analysis of a cryptocurrency analyst and examine the potential short-term scenarios for ADA’s price. The cryptocurrency
The United States Securities and Exchange Commission (SEC) has recently announced a delay in its decision regarding the approval of Ethereum exchange-traded funds (ETFs) from various asset management firms. The SEC has received applications for Ethereum ETFs from Ark Invest/21Shares, VanEck, and Hashdex, all of which are currently under consideration by the securities regulator. This
The ZKGROK token, based on ZKsync, has experienced a sensational overnight skyrocket, surging 130x in value. This remarkable pump has brought the unlikely token into the spotlight on DEX markets, where it now holds the impressive position of #3 on DEXtool’s hot pairs. In recent times, AI narrative-based tokens, like ZKGROK, have been gaining significant
After enduring a challenging few days of trading, bitcoin experienced a much-needed boost as its price soared past $43,000. The primary cryptocurrency had been struggling to overcome the $43,000 level over the weekend, leading to a decline in its value to around $42,000. Monday morning brought even greater concerns as bitcoin dropped further to a
BlackRock, a leading asset manager, has recently submitted a new amendment to the S-1 filing for its spot Bitcoin ETF, the iShares Bitcoin Trust. The amendment includes significant changes and updates, indicating the ongoing discussions and transactions between BlackRock and the U.S. Securities and Exchange Commission (SEC). One notable update in the filing is the
Last week, bitcoin experienced a rally, surpassing $44,000. However, it encountered a significant resistance level at almost $45,000 and subsequently underwent a price retracement. This article aims to analyze the cause of this retracement and the influence of profit-taking by different groups of investors on bitcoin’s price movement. In a recent report by CryptoQuant, an
Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana (SOL), has recently encountered a major liquidity loss in its Camelot’s AURY-USDC pool. The incident was a consequence of a hack on the SyncSpace bridge, which led to the unauthorized withdrawal and subsequent market sale of approximately 600,000 AURY tokens on the Arbitrum (ARB)
The leaders of the UK Treasury recently presented a set of regulations known as the Digital Securities Sandbox (DSS) before the parliament. These regulations are designed to establish a controlled environment that enables companies and regulators to test new technology in financial markets. By overcoming existing regulatory obstacles, the DSS regulations have the potential to
