Scaramucci says market’s ‘overshot to the downside’ after FTX collapse is causing BTC to trade at huge discount

SkyBridge founder Anthony Scaramucci said during a Bloomberg TV interview that Bitcoin’s actual intrinsic value is around $40,000 and the flagship crypto is currently trading at an almost 50% discount.

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Sam Bankman-Fried and FTX Associates Sued for Inflating Stock Platform Deal

FTX filed a lawsuit against former CEO Sam Bankman-Fried and other FTX executives for fraudulently inflating the value of a platform it sold. The post Sam Bankman-Fried and FTX Associates Sued for Inflating Stock Platform Deal appeared first on BeInCrypto.

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FTX confirms plans to restart its Japanese exchange

Bankrupt crypto exchange FTX said it postponed the potential sale process of its Japanese subsidiary to explore its reopening. The bankrupt firm’s management noted that while many investors had signified interest in acquiring FTX Japan, it halted the sales plan to maximize its value to continue operating efficiently and profitably.

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Research: Tether shines as leading stablecoin in evolving market

Following the FTX disaster in November, the stablecoin market has significantly changed, losing $12 billion in value. The post Research: Tether shines as leading stablecoin in evolving market appeared first on CryptoSlate.

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Crypto Exchange FTX Sues Grayscale In a Move to Unlock $9 Billion of Shareholder Value

Coinspeaker Crypto Exchange FTX Sues Grayscale In a Move to Unlock $9 Billion of Shareholder Value In the lawsuit, FTX said that Grayscale has been charging exorbitant management fees.

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FTX Sues Grayscale as It Seeks $250 Million in Its Trust: Details

FTX wants to free up $9 billion in asset value from Grayscale BTC and ETH trusts

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Alameda Research files suit against Grayscale over ‘self-imposed redemption ban’

The FTX debtors want to “unlock” $9 billion in share value and management fees that they dispute through the Delaware Court of Chancery.

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Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees

The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.

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GMX scales to new highs on DeFi front- Here's everything you need to know

GMX's total value locked increased by 35% since the FTX debacle. The protocol's native token registered a jump in price and trading volume in recent days. According to a tweet by an on-chainThe post GMX scales to new highs on DeFi front- Here's everything you need to know appeared first on AMBCrypto.

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Interview: What is the future of DeFi? Umee founder Brent Xu

It’s been a rough year or so for crypto. This includes the area of decentralised finance, where total value locked (TVL) has collapsed amid the bear market.   While the bulk of the scandals – Celsius, FTX etc – have originated within CeFi, DeFi has still come under scrutiny and faced challenges of its own.

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FTX User Debt (FUD) tokens decline 10% as 18M burn becomes imminent

Crypto exchange Huobi said DebtDAO would burn 18 million  FTX User Debt (FUD) tokens later today because it rallied to a much higher value than the recommended price, according to a February 7 statement.

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Crypto Billionaires Lose Billions in Crypto Markets – Experts Predict Metacade Will Soar

Crypto billionaires are among those that have suffered the worst from the crypto crash of 2022, seeing billions of dollars wiped from the value of their investments. As markets reeled from a string of big names in crypto filing for bankruptcy, such as Luna and FTX, and global economies struggling due to a raft of […] The post Crypto Billionaires Lose Billions in Crypto Markets – Experts Predict Metacade Will Soar appeared first on CoinJournal.

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Litecoin has surged by 89% since its dip below $50 last November

Litecoin (LTC) has seen a substantial increase in value following the FTX-induced drop last November. It has so far rallied by 89% since dipping below $50 on Nov. 9 in the wake of the FTX implosion. The asset is currently…

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Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?

On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November. Related Reading: Bitcoin Investors Turn Greedy For First Time Since March 2022 Bitcoin Exchange Netflow Shows Deep Negative Values As an analyst in a CryptoQuant post pointed out, around 7,000 coins have left the exchange in this latest spike.

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As The Crypto Bubble Pops, Investors Are Backing Coins With a Future, Like Metacade

The crypto bubble seems to have popped after a major downturn in 2022. Terra Luna lost 99% of its value, and Sam Bankman-Fried’s FTX became insolvent towards the end of the year. The crypto bubble has now well and truly deflated, and investors are now seeking new cryptocurrencies at market lows.

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Breaking: FTX CEO is considering restarting crypto exchange

FTX news CEO is exploring the possibility of restarting FTX International The CEO stated that they are looking if rebooting the exchange would bring more value FTX CEO - John J. Ray III statThe post Breaking: FTX CEO is considering restarting crypto exchange appeared first on AMBCrypto.

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Why Is FTX Cryptocurrency’s Value up Over 170% in 2023?

Lack of interest in FTX and market speculation may be contributing to FTT's rise

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Crypto vs. Inflation: Top 3 Price Prediction Solana (SOL), Polkadot (DOT) and Metacade (MCADE)

Even though cryptocurrency isn’t as prone to inflation in the same way government-backed money is, some factors influence the overall crypto market. The value of crypto dipped across the board after the collapse of FTX, with major projects such as Solana and Polkadot losing value.

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Solana could maintain bullishness if this happens

Solana token has added nearly 50% of value in a week The gains come amid the BONK token launch SOL has overcome a resistance and eyes higher level if it closes above key zone For the first time since the crash orchestrated by the FTX, Solana (SOL/USD) has recovered above the 50-day moving average.

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What May CRV Token Holders In 2023 Expect From Curve Finance?

It seems that the collapse of FTX has turned the tables around for Curve Finance and its CRV token, as more people switched to DEXs and DeFi. CRV has dipped in terms of Total Value Locked (TVL) in 2022 which is considerably lower in comparison to its stats at the beginning of the year. Here’s […]

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Bahamas regulator disputes FTX’s assertions on the value of seized assets

The Securities Commission of the Bahamas (SCB) rejected FTX's allegations by John J. Ray over the digital assets of its Bahamas unit held by the regulator

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Main crypto crashes in 2022: remembering FTX, Celsius Network, Three Arrows Capital, Terra

2022 has been a catastrophic year in the crypto industry. It has seen all crypto projects losing value and some organizations filing for bankruptcy.

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Solana Suffers Double-Digit Losses, Is There An End In Sight?

Solana has been on a depressing downtrend ever since the FTX crypto exchange imploded. The asset has already lost a massive chunk of its all-time high value but the onslaught looks to be far from over.

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Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar

Hundreds of Celsius, FTX, and Voyager customers have opted to avoid the bankruptcy process by selling their claims for a fraction of their face value, the Wall Street Journal reported. The post Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar appeared first on CryptoSlate.

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Финансист: Биткоин удержал позиции после крушения FTX

В апреле 2021 года основатель Miller Value Partners Билл Миллер заявил, что биткоин постепенно становится мейнстримом. Если в 2017 году BTC накачивался, в основном, спекулянтами, то теперь в этот инструмент заходят и институциональные инвесторы.

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Orbeon Protocol (ORBN) Holders Impressed With 655% Gains, FTT At Rock Bottom Following Scandal

After the collapse of FTX, its native token, FTT, hit rock bottom. In just a few weeks, its value has crashed from $25 to $1. 60, with many holders expecting the token to collapse altogether.

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FTX Token (FTT) collapses, Fantom (FTM) Represents Opportunity While Orbeon Protocol (ORBN) Records Historic Growth

The volatility of crypto projects scares every investor. Thus, investors are no more confident about FTX Token (FTT) following its collapse. However, in cases like with Fantom (FTM), this volatility can represent a good opportunity to buy in and make profits as tokens with strong fundamentals are likely to appreciate value. On the other hand, […]

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Why Binance US Will Acquire Voyager’s Assets And Take Over FTX

According to a press release, Binance US will buy Voyager’s assets as part of the bankruptcy proceedings. The company will seek legal approval for the purchase to “the value returned to customers and other creditors.

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Watching Out for Snowfall Protocol (SNW), Apecoin (APE) and EOS in 2023

Although the cryptocurrency market seems to be held at the current levels, there have been some concerns that have instilled fear; after the collapse of FTX, investors are worried about the $2 billion of DCG and the decline in the value of Bitcoin Trust (GBTC).

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FTX and Crypto Bust Show Capitalism’s Limits

Investors have been led astray by misleading signals from the market. It enticed them to go "all in" on centralized exchanges rather than focusing on real-world use cases for tokenized value exchange.

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Lido's TVL falters, thanks to the decline in the price of these ruling altcoins

Lido finance records a decline in TVL and APR in the last week. LDO's value continues to fall following FTX's collapse. Leading Ethereum [ETH] staking platform Lido Finance [LDO] suffered a The post Lido's TVL falters, thanks to the decline in the price of these ruling altcoins appeared first on AMBCrypto.

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Can the crypto crash recover? Orbeon Protocol (ORBN), IMPT And Dash 2 Trade (D2T) Grow Despite Bearish Market Momentum

The crypto crash has arrived and the market is down by over 70% in a year. Top crypto options are losing value by the day, exchanges are collapsing, and now the FTX scandal has made people even more skeptical of crypto.

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First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings

Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.

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Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30%

Since the beginning of the 2022 2FIFA World Cup, the value of Chiliz native token has plummeted. Due to the discovery of various issues, the sporting event has been met with some controversies. Not to mention that just a week before the World Cup’s start, the collapse of the infamous FTX exchange shook the crypto world.

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What’s In Store For Cardano This December – Will ADA Be Merry Before Christmas?

Cardano (ADA) exited the month of November with its total market capitalization and its blockchain’s total value locked (TVL) taking a heavy hit from the FTX collapse that dragged down the entire crypto market.

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Crypto yields and value locked sharply fall: FTX’s collapse damaged DeFi

The yields offered on decentralized finance (DeFi) solutions have fallen alongside the total value locked (TVL) in such systems. DefiLlama market data shows that the TVL in DeFi protocols fell from a peak of about $180.7 billion at the end…

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Over the past 7 days, more than 223 million Shiba Inu tokens have been burned

Without a doubt, the bankruptcy of the FTX crypto exchange has had a significant negative impact on the cryptocurrency market. Almost every digital currency on the market has lost in value, including the most popular BTC and ETH.

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FTX showed the value of using DeFi platforms instead of gatekeepers

FTX reminded us that users need strong decentralized platforms to conduct their business — not gatekeepers capable of misusing their funds.

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Bitcoin Bulls Are Braving The Storms Around FTX’s Fall, But Is A Crash To $10,000 Really In The Offing?

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FTX Launches Strategic Review of Assets as Hacker Dumps ETH

Bankrupt FTX has launched a strategic review of all its assets to see how they can be recovered for maximum value for its stakeholders' benefit. The post FTX Launches Strategic Review of Assets as Hacker Dumps ETH appeared first on BeInCrypto.

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Community fears FTX implosion might affect Grayscale

Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion. The post Community fears FTX implosion might affect Grayscale appeared first on CryptoSlate.

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FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low

The FTX debacle has triggered a slide in cryptocurrency prices that wiped out some $183 billion of value from digital assets this month.

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Why Ethereum Top Whales Are Accumulating ETH In ‘Abnormal’ Way

Following FTX’s demise, Ethereum and the whole cryptocurrency industry in general experienced one of its most challenging periods. Because of this, the value of ETH, a significant alternative currency, has plummeted by over 36% in the last week.

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Ethereum (ETH) and FTX Token (FTT) continue to bleed, Orbeon Protocol’s (ORBN) price increases during presale

The FTX token (FTT) has lost most of its value due to the scandal surrounding its owner and the abuse of funds. The FTX controversy also hurt Ethereum (ETH), as investors began panic selling. Orbeon Protocol (ORBN) has since exploded into the crypto spotlight due to its disruptive potential in the venture capital field and […] The post Ethereum (ETH) and FTX Token (FTT) continue to bleed, Orbeon Protocol’s (ORBN) price increases during presale appeared first on NFT News Today.

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Solana DeFi Sees Almost $700M in Value Wiped Out on FTX Fallout

FTX founder Sam Bankman-Fried was a prominent backer of the Solana network.

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Tremendous supply burn by Uniglo.io team likely to pique attention of BNB, DOGE and SHIB holders

The collapse of FTX has sent fierce shudders through the markets: unleashing a sea of red. Then, almost prophetically, a new Ethereum-based social currency that delivers a store of value launches this month, and crypto enthusiasts have begun flooding the presale.

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BlockFi: Hiring Advisers, Says Goal Is “Maximizing Value” For Clients

In an email to clients, BlockFi admits significant exposure to FTX, says it has engaged financial advisers and that its aim is “maximizing value for all of our clients.”

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Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit Ramp

A Solana-based crypto asset tied to the price of bitcoin collapsed in value Friday after CoinDesk reported that FTX US – the only venue left to exchange it for real bitcoin – had frozen withdrawals.

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FTX and TRON Have Launched a Highly Suspicious Withdrawal Scheme

Some FTX users can now withdraw their funds from the exchange, but only by surrendering 80% of the value of their portfolio to arbitrageurs. A Deal With the Devil FTX...

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