A U.S. bankruptcy court has approved liquidators of defunct hedge fund Three Arrows Capital (3AC) to expand their claim against FTX to $1.53 billion. The ruling, issued by Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware, dismissed objections from FTX’s debtors and allows 3AC
The Solana community agreed to introduce the SIMD-228 proposal to change its current inflation rate system. After the final vote today, the proposal failed to pass with only 61.4% votes. Despite the rejection of the proposal, the Solana voting system is garnering attention across the industry. Around 910 validators, amounting
World Liberty Financial (WLFI), a decentralized finance (DeFi) project associated with former U.S. President Donald Trump and his sons, has raised $550 million in its token sale. The fundraising, which was completed on March 13, was announced on the project’s official website. Token Sale Performance and Adjustments WLFI launched in
Jake Gagain, a widely followed crypto analyst, has identified XRP as one of the best altcoins to buy during the current market downturn. Many crypto assets are trading at major discounts after Bitcoin dropped to $76K this week, its lowest price in four months. With the bull market expected to
The broader crypto market recovered slightly today with a 0.31% surge in overall market cap. While Bitcoin climbed above the $80K price range, Ether is trading above the $1,800 price level. The global macroeconomic conditions have been influencing the market ever since Trump’s administration began in the US. Even though
The crypto market has embarked on a bullish outlook following the positive results from the U.S. CPI data, which dropped to 0.2% in February. The positive sentiment has seen the global market cap surge to $2.70 trillion while the 24-hour trading volume has fallen to $98 billion. The majority of
Cardano (ADA) has been gaining attention due to expectations of institutional investment following ETF applications from Canary Capital and Grayscale. However, excitement took a hit when the SEC delayed its decision on the Canary ADA ETF until May 29, creating uncertainty in the market. Amid this development, crypto analyst Dan
The Babylon crypto project garnered hype within no time with its innovative Bitcoin restaking feature. It recently announced airdrop details and BABY token launch after the launch of Bitcoin Secured Network (BSN). The project opened the registration window for its airdrop, and moved the deadline to March 19. Dear
The broader crypto market is fluctuating without a decisive rally. Bitcoin and Ethereum remain under prolonged bearish pressure. However, KAITO has managed to climb 7.99%. In the early hours, KAITO was trading within the range of $1.30. Eventually, the bullish wake pushed the asset to climb toward the $1.58, surpassing
The Lazarus Group of North Korea maintains active operations in crypto domain activities by transferring stolen funds through newly developed developer-targeting malware. Lazarus Group continues its operation by using sophisticated techniques to steal cryptocurrency funds while also focusing on laundering assets to other platforms. Blockchain security firm CertiK detected on
