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Solana (SOL), an established blockchain platform celebrated for its high throughput and low transaction costs, has been encountering significant challenges of late. The emergence of meme coins—especially the highly contentious rug pull associated with the LIBRA token—has only compounded investor concerns regarding SOL’s overall health. As a direct consequence, Solana’s price has been declining, and … Read more
FTX and its affiliate Alameda Research have done it again: another monthly redemption and transfer of a sizeable chunk of Solana (SOL) tokens. In the most recent episode, they redeemed 184,162 SOL—worth approximately $37.73 million—from FTX’s pledged assets. They then sent it out across 23 different addresses.These redemptions are part of a series of regular … Read more
FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX’s Convenience Classes can expect funds within 1-3 business days starting Feb. 18, according to a Feb. 7 announcement. Distributions are … Read more
The cryptocurrency community is all enthusiastic in light of the prospects of the payment of funds to creditors of the failed FTX exchange. This development has brought renewed attention to the FTX Token ($FTT), with talks centering on what this upcoming payment might mean for the crypto market. The repayment, set to begin on February … Read more
It’s time to prioritize governance, transparency and accountability — or we may face another catastrophic FTX-like collapse. Go to Source
In Q4 2024, venture capital (VC) firms invested $3.5 billion into crypto and blockchain startups, a 46% increase from the previous quarter. 2024: Weakest Year for Crypto VC Fundraising Venture capital (VC) firms poured $3.5 billion into crypto and blockchain-focused startups in the last quarter of 2024. The investment, 46% higher than the previous quarter, … Read more
FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations. Go to Source
A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph. Go to Source
Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition. Go to Source
According to the plan, certain FTX users claiming less than $50,000 could expect to see their funds returned within 60 days. Go to Source
