FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Friedโs empire collapsed. Now, Mysten is buying back the stake (and Sui token warrants) for $96 million through bankruptcy court. Source
CryptoX – Cryptocurrency Analysis and News Portal By taking aim at high-profile targets including Coinbase, Justin Sun and Lindsey Lohan, the SEC showed it doesnโt have the resources to effectively police the crypto industry. Source The post The SECโs Scattershot Approach Shows Its Weakness appeared first on CryptoX. CryptoX Portal
Bitcoinโs (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis. Bitcoin bulls have been paying close attention to the negative effects of near-zero interest rates between April 2020 and April 2022, and some have used the information to profit from the $1.2 billion in BTC options that are set to expire on March 24. Resilient inflation and improving housing markets According to the official consumer price…
Bitcoin’s market dominance has been climbing in March and is now up to levels not seen since June. A crypto asset’s “dominance” measures how much of it makes up the total cryptocurrency market cap. Investors use it to determine which parts of the crypto market are outperforming or underperforming relative to their peers. When bitcoin dominance climbs, it implies that bitcoin is doing well, but more specifically, it means its outperforming altcoins. Bitcoin dominance has risen steadily since March 8, the day after Silvergate Bank announced its voluntary liquidation. It’s…
The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui blockchain. In a March 22 filing in United States Bankruptcy Court in the District of Delaware, FTX debtors proposed a deal in which Mysten Labs and the company would agree to a mutual release of claims. As part of the agreement, the debtors planned to sell roughly $95 million worth of preferred stock back to Mysten in addition to $1 million in SUI tokens. โThe…
EUR/USD raced to a six-week high on Thursday, as markets continued to react to the U.S. Federal Reserveโs 25-basis-point rate hike. The greenback was lower across the board, falling versus several G7 currencies, including the British pound. EUR/USD On Thursday, the worldโs most traded currency pair rose for a sixth straight session, as markets continued to digest yesterdayโs rate hike. The Federal Reserve opted to increase rates by 0.25%, despite recent uncertainty in the banking sector. Following the announcement, Fed Chair Jerome Powell stated that โFOMC participants donโt see rate…
The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1. At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time of writing, the token was trading at $1.33. Only oneย address successfully sold the token at $10.29 through the ARB/USDC pool…
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ESTO ES SERIO | Noticias Criptomonedas | Bitcoin | Ethereum | Cardano | Vitalik | Wechat | FED Sigue a nuestro canal de … โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Youtube version
Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States. Dominic Castley, chief marketing officer at Sygnum, told Cointelegraph in an email that they are receiving more onboarding inquiries from crypto firms based in various jurisdictions looking to bank with them. He explained: โOver the past weeks, as the current banking industry events have unfolded, we have seen a significant increase in onboarding inquiries from various international locations,…
โThe silver lining, to the extent there is one of this type of development, is that it will force the establishment of case law that will inform how crypto is regulated and it will set some rules of the road for crypto to comply with,โ Quick said. Source advocateCoinbaseCryptoindustryLiningSECsSeesSilverWarning CryptoX Portal