Market Analysis – December 21 USOIL has undergone a notable shift in market structure after forming a major high at the 87.60 price level. A bearish trend emerged as the price consistently created lower lows, culminating in a daily bearish break of structure. This critical shift has solidified a long-term bearish outlook, reshaping sentiment and […]
FTX, the embattled crypto exchange, has gathered more funds than needed to cover creditor repayments, according to a company statement. FTX submitted a revised Plan of Reorganization and Disclosure Statement to the bankruptcy court on May 7 as part of its ongoing case.The company has outlined a strategy to repay creditors between $14.5 billion and […]
The bankruptcy estate of the defunct FTX cryptocurrency exchange is gearing up to auction off another batch of Solana (SOL) tokens this week, as reported by Bloomberg. The auction, shrouded in secrecy with a “blind” format, is scheduled to conclude on Wednesday, with the results set to be revealed on Thursday. Bloomberg: FTX estate plans to auction an unknown number […]
In 2024, the crypto landscape will experience significant developments that investors should consider. The recent approval of 11 spot bitcoin exchange-traded funds (ETFs) has caused much excitement, but investors are also urged to pay attention to several lesser-discussed trends shaping the crypto market. One significant trend is the regulatory actions taken by the U.S. Securities […]
In a landmark trial, Sam Bankman-Fried, the former CEO and founder of the cryptocurrency exchange FTX, has been convicted on all seven counts of fraud and money laundering by a New York jury. The verdict, delivered after a five-week trial, marks a significant fall from grace for the once-celebrated crypto visionary. The Journey to SBF’s […]
In a high-stakes trial that has gripped the crypto industry, Sam Bankman-Fried, the founder of the now-collapsed FTX exchange, has chosen to testify in his own defense. The move comes after prosecutors rested their case against him, with Bankman-Fried facing seven counts of fraud and conspiracy allegations. The allegations suggest that Bankman-Fried misappropriated billions of […]
Caroline Ellison, former co-CEO of Alameda Research, took the stand as a key witness in a high-profile fraud trial involving Sam Bankman-Fried, the founder of FTX, a prominent cryptocurrency exchange. Ellison’s testimony, marked by admissions of involvement in a multi-billion-dollar siphoning operation, has sent shockwaves through the crypto community and financial world. Ellison, who had […]
In the aftermath of rival exchange FTX’s dramatic collapse last year, Binance, the world’s largest cryptocurrency exchange, unveiled its Industry Recovery Initiative (IRI). The aim was to breathe life back into struggling crypto projects, which had been reeling from FTX’s woes. Yet, recent reports from Bloomberg reveal that the IRI has fallen significantly short of […]
Sam Bankman-Fried, the founder of FTX and Alameda Research, has been granted certain courtroom privileges as his trial unfolds. The trial, scheduled to commence on October 3 in New York City, has garnered widespread attention due to its potential implications for the crypto industry. Bankman-Fried faces a battery of charges, including fraud, money laundering, market […]
