Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Frozen Assets
FTX US Seemingly Freezes Withdrawals Following Bankruptcy Filing
On-chain data indicates that FTX US – which filed for bankruptcy alongside FTX on Friday – has frozen customer withdrawals. According to Etherscan – an Ethereum block explorer – the FTX US wallet hasn’t processed an outbound transaction since 05:20:11 PM UTC on Friday. Trading on the exchange is still live. However, a notice on the site states that trading may be “halted” within a few days, and that withdrawals “are and will remain open.” FTX, the world’s second-largest crypto…
3 years ago
FTX Deal May Grant Voyager Customers 72% of Frozen Assets
A potential agreement with FTX.US may see ex-clients of failed crypto broker Voyage Digital regain up to 72% of their frozen cryptocurrency. In the past 24 hours, news of the bankruptcy payout plan emerged via court documents. FTX Deal Still Under Question According to the court files, Voyager’s former customers may be able to recover more than 70% of the original value of their accounts. FTX.US’s tentative acquisition of the lender’s assets could see the US-regulated exchange fully pay out…
3 years ago