This settlement is a crucial development in FTX’s bankruptcy proceedings. It resolves a potential source of prolonged and uncertain litigation between the crypto exchange and its largest creditor.
Currently, $BNB is testing a critical resistance level at around $710. A break to $750 could encourage bulls, making analysts optimistic about $BNB’s price outlook.
Fidelity’s FBTC led the charge with $77.0482 million, while Bitwise’s BITB attracted $14.3145 million.
Coinbase has accused the SEC of stifling the crypto industry through “regulation by enforcement”.
Crypto traders now expect the newly-green lighted ETFs in the US to reduce Bitcoin’s market share, providing altcoins like Ethereum with more room to grow.
Recent updates to BlackRock’s S-1 filing with the SEC have ignited optimism within the crypto community regarding the potential launch of spot Ethereum ETFs.
The auction will follow a “blind auction” format, which differs from the direct sales methods used in previous transactions.
The regulatory body has proposed barring Kwon from holding any executive role in the securities industry and mandates a full disclosure of his financial dealings and assets.
The halving event effectively reduced the Bitcoin block reward from 6.25 $BTC to 3.125 $BTC, exacerbating competition among transactions on 20 April.
The geopolitical tensions escalating in the Middle East are thought to be a significant factor contributing to Bitcoin’s instability.
