A new development has occurred in the ongoing FTX restructuring proceedings; the case’s United States trustee has voiced strong concerns to the crypto exchange’s revised reorganization plan. Although the FTX estate claims that the proposed plan has the backing of many creditors. The trustee Andrew Vara and other creditors have
With the continuation of a seven-day string of positive inflows on Friday, the aggregate value of the spot bitcoin exchange-traded funds in the US hit its highest point so far in August, at around $58.4 billion. In addition, according to statistics from SoSoValue, Friday’s net influx of $252 million was
Injective (INJ) and BNB Chain are shaking up the crypto realm with pivotal partnerships and bolstering nascent projects. Injective is currently solidifying its position, focusing on momentum through strategic collaborations like the integration with Toncoin. Simultaneously, BNB Chain is propelling fledgling blockchain ventures forward via its Incubation Alliance. In the
Expectations on a possible Federal Reserve rate decrease in September skyrocketed, leading to a strong gain in the cryptocurrency market last week. Ethereum was trading at $2,800 while Bitcoin was close to $65,000 over the weekend. Next up, among other important events, are the US PCE numbers, which, among other
Ethereum co-founder Vitalik Buterin has lately brought attention to a crucial part of the network’s resilience. He called it “great news” for the Layer 1 network since the percentage of execution clients doesn’t go beyond two-thirds. In addition, the Ethereum blockchain has recently undergone significant modifications, and this announcement follows
Gate.io, a world’s leading cryptocurrency exchange, is proud to announce a partnership with FC Internazionale Milano (“Inter” or “Club”), one of the most prestigious football clubs in the world and the reigning champions of Serie A. Starting from the 2024/25 season, Gate.io will become the Official Sleeve Partner for Inter,
In the latest crypto market update, Bitcoin has surged past $65,000 following signals from Federal Reserve Chairman Jerome Powell that rate cuts may be on the horizon. Powell’s comments on cooling inflation and concerns about labor market weakness have fueled optimism among investors, pushing Bitcoin’s price up by over 6.79%
The Ethereum Foundation caught market attention in the past day with its significant ETH transactions. While the altcoin has struggled to surpass the $2.6K level in the past few weeks, it has exhibited modest positive momentum in the last 24 hours. Meanwhile, market conditions have turned bullish with market cap
In a court filing, Robert F. Kennedy (RFK) Jr., a politician who has been vocal in his support for Bitcoin and who ran for president before, confirmed that he would back Donald Trump. The court filing officially confirmed what many political analysts had suspected all along, and they had been
A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power prices. According to a report written by analysts Reginald Smith and Charles Pearce, the Q2 of 2023 was a historic quarter for
