FTX and its affiliated entities are set to implement their Chapter 11 reorganization plan on January 3, 2025, marking a significant turning point for the troubled cryptocurrency exchange. This date not only represents the official activation of the restructuring but also serves as the record date for initial distributions to those with allowable claims in
2024
As the cryptocurrency market evolves, analysts remain divided on Bitcoin’s trajectory. Notably, Tony Severino, a prominent crypto analyst, has drawn intriguing parallels between Bitcoin’s current price behavior and its explosive rise observed during the 2017 bull market. His analysis suggests that Bitcoin could be on the brink of a massive rally, potentially elevating its value
In the dynamic world of cryptocurrency, few events can instigate significant market movements as rapidly as a prominent investor’s decisions. Recently, Justin Sun, the founder of Tron (TRX) and a well-known figure in the crypto realm, made headlines by unstaking a staggering $209 million worth of Ethereum (ETH) from Lido Finance, a decentralized platform for
In the ever-evolving landscape of social media fame and cryptocurrency, the saga of Mark Longo—or as he is affectionately known, Squirrel Dad—stands out as a remarkable intersection of animal rights advocacy and the booming crypto market. Longo recently escalated a conflict with Binance, a leading cryptocurrency exchange, claiming unauthorized appropriation of his intellectual property. At
The cryptocurrency landscape is ever-changing, and at the forefront of this evolution is Ronin, a Layer 1 blockchain developed by Sky Mavis. As reported in Q3 2024, Ronin’s decentralized finance (DeFi) total value locked (TVL) saw an astonishing year-over-year increase of 149%, rocketing to $147 million, a remarkable rise from $59 million just one year
In 2024, Robinhood Crypto, part of the well-known American financial services platform, has made significant strides in the cryptocurrency sector. The release of its end-of-year report highlights a successful year of expansion and increased market engagement. With a staggering notional trading volume of $119 billion and $38 billion in crypto assets under custody by November,
In a notable shift within the financial landscape, Hunter Horsley, CEO of Bitwise Asset Management, announced that a Spanish bank has invested 2% of its portfolio into the newly launched Bitwise Aptos staking exchange-traded product (ETP). The decision, which stemmed from the bank’s desire to innovate within its investment strategy, signifies a transformative moment for
The latest findings from Electric Capital’s 2024 Developer Report mark a significant turning point in the blockchain arena. In a groundbreaking revelation, Solana has overtaken Ethereum for the first time since 2016, emerging as the foremost blockchain ecosystem for new developer recruitment. This unprecedented shift indicates not only Solana’s rapid ascent but also hints at
In the rapidly evolving landscape of blockchain technology, securing investment for research and development remains crucial. The Eigen Foundation has recently committed to allocating 1% of its EIGEN token supply to the Protocol Guild, which focuses on fostering and maintaining essential infrastructure for Ethereum Layer 1. This partnership symbolizes a significant investment not just in
In 2024, Binance has unmistakably established itself as the titan of the cryptocurrency exchange landscape, boasting customer deposits that soared to an impressive $21.6 billion. This monumental achievement positions Binance not only as a frontrunner but also highlights its significant edge over its closest rivals. Recent data from DeFi Llama indicates that Binance eclipses the