According to court documents on Wednesday, Judge P. Kevin Castel of the Southern District of New York approved a $12.7 billion settlement between FTX, Alameda Research and the Commodity Futures Trading Commission.The shuttered cryptocurrency exchange FTX and its associated trading firm Alameda Research reached a settlement with the CFTC in July after months of negotiations, pending approval of the consent decree.This puts an end to a lawsuit the CFTC filed in December 2022 against the exchange, former FTX CEO Sam Bankman-Fried, and Alameda, alleging that customers lost $8 billion due to fraud. The agency originally sought a $52.2 billion claim.As…
Author: Crypto Flexs
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Jorg Hiller Aug 8, 2024 07:28 Binance Futures will launch SOLUSD COIN-M Quarterly and Quarterly contracts on August 14, 2024, offering up to 20x leverage. Binance Futures will be launching SOLUSD COIN-M Quarterly and Quarterly Contracts, offering up to 20x leverage, according to an official announcement from Binance. The new contracts are scheduled to launch on August 14, 2024 at 12:00 UTC and 12:05 UTC, respectively. Details of the new contract The SOLUSD CM Q0927 and SOLUSD CM Q2 1227 contracts offer traders the opportunity to significantly increase their trading positions with up to…
A prominent cryptocurrency analyst says one competitor to Ethereum (ETH) could retest lower prices in the coming weeks. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,200 followers on social media platform X that Solana (SOL) could drop by at least 14% from its current value. “SOL: $125-$150 is still a good place to accumulate SOL. I still believe it will be one of the best retail chains this cycle, and there is still a lot of memecoin activity going on. There was a strong reaction (August 6th), but I personally think it could go back…
On Monday, the cryptocurrency markets experienced their sharpest correction since the FTX crisis, with Bitcoin prices dropping more than 15% before rebounding. According to JPMorgan analysts, the recovery was largely supported by institutional investors, who showed little risk reduction in Bitcoin futures despite the widespread market turmoil.JPMorgan’s futures position indicator, which tracks cumulative open interest in CME bitcoin futures contracts and the positive slope of the futures curve, suggests a bullish outlook among these investors, JPMorgan analysts led by Managing Director Nikolaos Panigirtzoglou wrote in a report published Wednesday. They said the higher bitcoin futures price premium over spot is…
Timothy Morano 08:04 Aug 2024 The Injective (INJ) blockchain has successfully deployed the ‘Altaris’ upgrade, strengthening the ecosystem with advanced RWA oracles, an improved burn auction mechanism, and new developer tools. According to the project’s social media posts, stakers on the Injective (INJ) blockchain have passed the ‘Altaris Mainnet Upgrade Proposal’, or ‘IIP-420’, and are quickly starting to deploy the upgrade.Altaris: Comprehensive UpgradeThe Altaris upgrade introduces significant improvements aimed at improving the overall experience for traders, stakers, developers, and end users. In a message to Protocol Village, the Injective team described the update as…
Binance, the leading cryptocurrency exchange by trading volume, has listed 30 tokens since the beginning of 2024. However, most of these new projects have shown declining performance. Many of the newly listed tokens on Binance were introduced at high valuations, and there are reports of major venture capital firms backing them. Binance 2024 Listing Failure According to Coin98 Analytics, out of the 30 tokens listed on Binance this year, only Jupiter (JUP) is in the green. Surprisingly, most tokens have recorded double-digit losses, with interest being particularly high for those with tier 1 backers. With the exception of JUP, all…
Bitcoin (BTC) has “cleansed” the market of speculators as liquidations hit $365 million, according to new research.In their latest weekly newsletter, “The Week Onchain,” cryptocurrency analytics firm Glassnode identifies a “statistically significant capitulation.”Bitcoin Unrealized Losses, Similar to FTXBitcoin short-term holders (STH) have been under tremendous pressure this week due to the BTC price crash.As Cointelegraph reported, at one point these new firms sold $850 million worth of BTC at a loss. Now, new research from Glassnode shows just how far overleveraged players have been removed from the market.An STH entity is an entity that has held a specific BTC for…
Company • August 8, 2024 3:14 AM EDT Posted 1 minute earlier In ~ Japanese investment firm Metaplanet Inc. has secured a $6.8 million loan to purchase additional Bitcoin as it remains bullish on the cryptocurrency’s long-term value.Tokyo listed company announce At today’s board meeting, we resolved to secure a total loan of 1 billion yen (6.8 million dollars) at an annual interest rate of 0.1%.“We plan to allocate almost the entire loan amount to Bitcoin purchases,” Metaplanet said. “Our basic policy is Bitcoin Bitcoin +0.40% In the long run; however, if we utilize Bitcoin in our operations, those Bitcoin…
Dofwifhat experienced a strong downtrend, almost crashing to $1. However, things have changed in the last 24 hours, with WIF surging by 22%. The cryptocurrency markets have been volatile over the past month. Volatility peaked on July 5, and the market almost crashed. During the market decline, Bitcoin reached a two-month low of $49,577. All altcoins were hit by the decline, with $1 billion liquidations and a $300 billion drop in the crypto market. So dogwifhat (WIF) has been down significantly like other altcoins and memecoins, continuing its downtrend for a month. WIF, after weeks of decline, on the rise…
SOL is one of the better performing assets, but it is not out of the woods yet. POODL raised over $5 million 10 days before pre-sale ended. Bitcoin is expected to experience sharp ups and downs. As the market stabilized, Solana emerged as one of the top performing cryptocurrencies on Tuesday’s session. Meanwhile, one of the meme coins on the Solana network, As a store ownerIt has already raised over $5 million just 10 days before the end of its pre-sale. The virality offers meme coin enthusiasts a unique opportunity to make huge profits with a modest investment. SOL is…