The insolvency specialists at FTX have recovered $1 billion worth of assets from numerous banks, including over $800 million in cash.Recent reports state that the new management behind sunken crypto exchange FTX has identified new assets worth $1 billion, including $720 million in cash. This recent discovery is part of concerted efforts by the AssetsBillionCompanycontinuesFTXRecoversUnwinding Read More
The S&P 500, Wall Street's benchmark equity index, has gained 16% in less than two months to trade above the widely-tracked 200-day moving average for the first time since early April. The USD/JPY pair, often called a turbo bet on the Fed policy and U.S. rates, has dropped 11% to AverageBitcoinFedLagsliftsStocksTradeUnwinding Read More
According to the statement, a particular risk of the Merge, which looks set to go ahead on Thursday, relates to so-called pricing oracles, which feed data to the smart contracts that govern DeFi protocols. The Merge may lead the oracles to "give out erroneous prices during the transition," leading smart AssetsCryptoEthereumHodlnautJudicialLendersManagersMergeUnwindingweigh Read More
The cryptocurrency is currently trading marginally lower on the day near $57,300, having earlier touched a five-month high of $58,500. It is up 30% this month, though, buoyed by increased expectations that the U.S. Securities and Exchange Commission will soon approve a futures-based bitcoin exchange-traded fund (ETF).
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