Cryptocurrency Analysis and News Portal
Alternative cryptocurrencies like XRP, Ether (ETH), SOL, Tron's TRX, Dogecoin (DOGE) and are tracking bitcoin higher, as they usually do. The altcoin bounce comes days after traders sold these tokens, pricing in the possibility of defunct exchange FTX securing approval from the bankruptcy court to sell assets from its multi-billion
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For a long time, Solana (SOL) has been associated with the founder of now insolvent crypto exchange FTX and hedge fund Alameda Research, Sam Bankman Fried. He was an early investor in the project and invested in numerous Solana ecosystem projects during the 2020-2021 bull mania.So when FTX collapsed toward
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BTC rose 1.5% to trade over $26,100 in European morning hours on Thursday, while Ether neared $1,700 before falling to $1,650. Source
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Solana's SOL also advanced earlier today, but then swiftly dipped more than 2% following the court decision. The imploded exchange holds $1.16 billion of the token, stoking fears about dumping, but part of the stash is locked as venture investment and not available for sales. Despite the decline, SOL was
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FTX submitted a filing requesting permission to engage in these activities in August, arguing that hedging its crypto assets would “allow the Debtors [FTX] to limit potential downside risk prior to the sale of such bitcoin or ether,” while “staking certain digital assets … will inure to the benefit of
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FTX’s asset portfolio currently exceeds $7 billion and includes various assets such as cash, brokerage investments, tokens, and real estate. In the latest disclosure, crypto exchange FTX released the presentation of the shareholder meeting taking place on September 11-12. This presentation provides an overview of the company’s current state as
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Amid the bankruptcy proceedings of crypto exchange FTX, the market is in a state of heightened anxiety, and Solana (SOL) in particular
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Payment giant VISA has significantly moved in the digital currency space by expanding its stablecoin settlement services to the Solana (SOL) blockchain. According
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Bitcoin price is range-bound but several major altcoins such as
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Only tron (TRX) and toncoin (TON) were in the green on Friday, up over 1% each on no immediate catalysts. Original Source
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