Rising Bitcoin ETF inflows, lower bond yields, and Coinbase's plans to enter Australia's pension market are some catalysts behind the crypto market's rise today.
Latest News on FTX
Get the latest news on FTX! FTX was a major crypto exchange founded by Sam Bankman-Fried and Gary Wang in 2019. Its native (FTT) token served multiple roles within the FTX ecosystem, such as reducing exchange fees for users. FTX also purchased a certain amount of FTT each week and burned it to control inflation.
In November 2022, FTX crashed due to a liquidity crisis, financial mismanagement and mass withdrawal of funds by rattled investors. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy, with Bankman-Fried sentenced to 25 years in prison in March 2024.
Stay informed on the latest developments in the FTX saga with Cointelegraph.
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Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX.
3579Solana price is up today, helped by Robinhood's SOL staking service launch in Europe and signs of cooling inflation in the United States.
90222“Not all creditor repayments are bearish,” said K33’s analysts, noting FTX's cash payouts versus the crypto repayments from Gemini and Mt. Gox.
5857The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial.
1442Bitcoin price is up today, responding positively to a soft CPI print and hitting a new weekly high above $65,000.
3877The transfer of the bankruptcy claim from FTX EU to FTXcreditor could have a significant impact on stakeholders.
9813“What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation],” the senior adviser told Cointelegraph.
2548The plan administrator will continue to use Coinbase for upcoming distribution rounds, potentially involving recovered funds from FTX.
4949FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well.
10460If Solana recovers as quickly as it has in recent times, approximately $125 million in short positions will be liquidated.
4758FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities.
5634Tom Brady copped heat from comedians for his role in partnering with the now-defunct crypto exchange FTX.
3654While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license.
6902The transfer occurred a day before FTX debtors were set to release a new restructuring plan for the exchange.
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