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š„š„š„Speculation Grows Over Potential Presidential Pardon for Sam Bankman-Friedš„š„
Sam Bankman-Fried, the disgraced former CEO of FTX, is once again making headlines amid growing rumors of a potential presidential pardon. Convicted of fraud and embezzlement in 2023, Bankman-Fried was sentenced to 25 years in prison. Federal prosecutors initially sought a term of up to 50 years, while his legal team lobbied for a more lenient six-year sentence. Now, speculation centers on his deep ties to the Democratic Party and his significant financial contributions to President Bidenās 2020 campaign.
Bankman-Fried donated over $5 million to pro-Biden political action committees during the election, making him the second-largest individual donor after Michael Bloomberg. These political affiliations have raised concerns about the possibility of preferential treatment. Tesla CEO Elon Musk added fuel to the fire, tweeting that he would be "shocked" if a pardon wasnāt granted. Critics argue that such a move would undermine public trust in the judicial system, especially following controversial clemency decisions made by Biden, such as the recent commutation of Michael Conahanās sentence, a former judge implicated in the ākids-for-cashā scandal.
Further scrutiny has been drawn to the handling of other individuals involved in the FTX collapse. For example, former Alameda Research CEO Caroline Ellison received a mere two-year sentence for her cooperation with prosecutors, while Gary Wang, who played a key role in enabling the $11 billion misappropriation, avoided jail time entirely. This leniency has sparked concerns about whether similar deals might encourage future offenders to evade accountability. Meanwhile, Polymarket, a popular prediction platform, noted a spike in the odds of Bankman-Friedās pardon from 4% to 8% following Muskās comments.
As the crypto industry grapples with the aftermath of FTXās downfall, the situation underscores broader questions about the balance of political influence and judicial fairness. With FTXās reorganization plan set to go into effect in January 2025, the spotlight remains on the fallout from one of the most significant financial frauds in modern history.
#FTX #FTXAuction
Bankman-Fried donated over $5 million to pro-Biden political action committees during the election, making him the second-largest individual donor after Michael Bloomberg. These political affiliations have raised concerns about the possibility of preferential treatment. Tesla CEO Elon Musk added fuel to the fire, tweeting that he would be "shocked" if a pardon wasnāt granted. Critics argue that such a move would undermine public trust in the judicial system, especially following controversial clemency decisions made by Biden, such as the recent commutation of Michael Conahanās sentence, a former judge implicated in the ākids-for-cashā scandal.
Further scrutiny has been drawn to the handling of other individuals involved in the FTX collapse. For example, former Alameda Research CEO Caroline Ellison received a mere two-year sentence for her cooperation with prosecutors, while Gary Wang, who played a key role in enabling the $11 billion misappropriation, avoided jail time entirely. This leniency has sparked concerns about whether similar deals might encourage future offenders to evade accountability. Meanwhile, Polymarket, a popular prediction platform, noted a spike in the odds of Bankman-Friedās pardon from 4% to 8% following Muskās comments.
As the crypto industry grapples with the aftermath of FTXās downfall, the situation underscores broader questions about the balance of political influence and judicial fairness. With FTXās reorganization plan set to go into effect in January 2025, the spotlight remains on the fallout from one of the most significant financial frauds in modern history.
#FTX #FTXAuction
The Ticker is $LUNA
Extremely Undervalues ATM, But will melt faces in coming weeks.
5$ to 7$ is the area where you can start taking profit.
10x-15x potential Material š
#Luna #FTX #ALTSEASON
#BinanceAlphaAlert
Extremely Undervalues ATM, But will melt faces in coming weeks.
5$ to 7$ is the area where you can start taking profit.
10x-15x potential Material š
#Luna #FTX #ALTSEASON
#BinanceAlphaAlert
š£Happening Nowāļø
Rumors that US President Joe Biden may pardon former FTX CEO Sam Bankman-Fried before leaving office
#Musk commented š» that he would be shocked if this did not happenš¶āš«ļø
#ftx #FreeSam
#BinanceLaunchpoolBIO
Rumors that US President Joe Biden may pardon former FTX CEO Sam Bankman-Fried before leaving office
#Musk commented š» that he would be shocked if this did not happenš¶āš«ļø
#ftx #FreeSam
#BinanceLaunchpoolBIO
Recent speculation on X has ignited discussions about the possibility of Sam Bankman-Fried (SBF), the embattled #FTX founder, receiving an early pardon from the outgoing President Joe Biden.
The conversation gained traction when widely followed influencer Wall Street MavĀ tweeted,Ā āThe second-largest donor to the Democrats might receive an early pardon from President Biden,āĀ referring to SBF.
Elon Musk Reacts
The tweet has garnered over 1.1 million views, attracting commentaries from various prominent figures like Elon Musk.
In response to the speculation, Musk remarked that the real surprise would be if the rumor were untrue.Ā āI will be shocked if this doesnāt happen,āĀ he stated.
Muskās comment aligns with his skepticism toward the current administration. A vocal critic of several policies and decisions by the Biden administration, Musk has frequently expressed his distrust.
Notably, during the recent presidential election, Musk openly supported the opposition, led byĀ Donald Trump, who ultimately secured the presidency. Trump will take office next month, promising significant policy shifts from the outgoing administration.
#CryptoNewsCommunity
The conversation gained traction when widely followed influencer Wall Street MavĀ tweeted,Ā āThe second-largest donor to the Democrats might receive an early pardon from President Biden,āĀ referring to SBF.
Elon Musk Reacts
The tweet has garnered over 1.1 million views, attracting commentaries from various prominent figures like Elon Musk.
In response to the speculation, Musk remarked that the real surprise would be if the rumor were untrue.Ā āI will be shocked if this doesnāt happen,āĀ he stated.
Muskās comment aligns with his skepticism toward the current administration. A vocal critic of several policies and decisions by the Biden administration, Musk has frequently expressed his distrust.
Notably, during the recent presidential election, Musk openly supported the opposition, led byĀ Donald Trump, who ultimately secured the presidency. Trump will take office next month, promising significant policy shifts from the outgoing administration.
#CryptoNewsCommunity
Analysts Discussed: āBitcoin Should Never Go Below This Level, Crash Could Be 100 Times Worse Than FTX and LUNA Crashesā
Alliance DAO partners recently expressed concerns in a podcast about potential risks to Bitcoinās price over the next four years, especially if it falls below $58,000.
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply.
According to the podcast, Saylorās average Bitcoin purchase price is estimated to be $58,000. If Bitcoin falls below this level, the company could face significant liquidation risks.
Podcast participants speculated that such an event could potentially lead to a financial crisis ā100 times largerā than the collapses of Terra Luna and FTX, both of which sent shockwaves through the cryptocurrency market.
On the bright side, the podcast also outlined a rather optimistic scenario where Bitcoin rises to $500,000. Such a price increase would not only validate MicroStrategyās bold strategy, but it could also make Michael Saylor the richest person in history.
A Bitcoin price of $500,000, combined with MicroStrategyās Bitcoin holdings, could make Saylor the first trillionaire in human history.
Michael Saylor has been a strong advocate of Bitcoin, often describing it as ādigital goldā and a long-term hedge against inflation.
#BitcoinCrash #BitcoinAnalysis #CryptoCrash #FTX #LUNA $BTC $LUNA $LUNC
Alliance DAO partners recently expressed concerns in a podcast about potential risks to Bitcoinās price over the next four years, especially if it falls below $58,000.
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply.
According to the podcast, Saylorās average Bitcoin purchase price is estimated to be $58,000. If Bitcoin falls below this level, the company could face significant liquidation risks.
Podcast participants speculated that such an event could potentially lead to a financial crisis ā100 times largerā than the collapses of Terra Luna and FTX, both of which sent shockwaves through the cryptocurrency market.
On the bright side, the podcast also outlined a rather optimistic scenario where Bitcoin rises to $500,000. Such a price increase would not only validate MicroStrategyās bold strategy, but it could also make Michael Saylor the richest person in history.
A Bitcoin price of $500,000, combined with MicroStrategyās Bitcoin holdings, could make Saylor the first trillionaire in human history.
Michael Saylor has been a strong advocate of Bitcoin, often describing it as ādigital goldā and a long-term hedge against inflation.
#BitcoinCrash #BitcoinAnalysis #CryptoCrash #FTX #LUNA $BTC $LUNA $LUNC
MNNC Group's Rise Causes FTT's Rise in the Crypto Market
The aftermath of FTX's collapse continues to shape the cryptocurrency landscape, with former associates carving new paths in the industry. In a remarkable turn of events, MNNC Group, previously known as LedgerPrime, has emerged from FTX's shadow to secure an impressive $100 million in investments, demonstrating the industry's resilience and ongoing evolution.
The Cayman Islands-based MNNC Group recently disclosed its significant funding achievement through SEC filings, revealing $53 million raised across two distinct funds. According to COO Ayesha Kiani, this figure represents only their offshore operations, with total assets reaching into the nine-figure range. The company's successful rebranding and fundraising efforts have attracted ten investors, though their identities remain confidential.
The news of MNNC Group's funding success has had immediate market impact, particularly on FTX's native token, FTT, which experienced a notable 5% surge. This increase stood out particularly as most other top 100 altcoins faced declining values during the same period, highlighting the lasting influence of FTX-related developments on market sentiment.
The story of MNNC Group is part of a broader narrative of resilience among former FTX executives who have successfully launched new ventures in the cryptocurrency sector. Armani Ferrante and Tristan Yver exemplify this trend with their Backpack platform, which has secured $17 million in funding at a $120 million valuation. Similarly, Brett Harrison, who previously led FTX US, has raised $17 million for his institutional trading platform, Architect. Former LedgerPrime portfolio manager Zaheer Ebtikar has established Split Capital, while Shiliang Tang and Joshua Lim's venture, Arbelos, has attracted $28 million in funding to compete in the market-making space.
The cryptocurrency ecosystem continues to attract significant investment beyond FTX-related ventures. A notable example is the TON Blockchain, associated with Telegram, which recently secured $20 million in funding led by Pantera Capital. This investment highlights the industry's ongoing vitality and investors' confidence in innovative blockchain projects.
MNNC Group's transformation and successful fundraising represent more than just another investment story ā they signal the crypto market's ability to regenerate and evolve. As the company works to diversify its portfolio and appeal to a broad range of investors, it's helping to fill the vacuum left by FTX's departure while building on lessons learned from the past.
The ongoing activities of former FTX executives and the success of their new ventures suggest that while FTX itself may have fallen, its legacy persists through the innovations and adaptations of its former associates. These developments paint a picture of a maturing cryptocurrency market that can not only weather significant setbacks but emerge stronger through transformation and innovation.
This remarkable resilience and adaptation in the cryptocurrency sector suggests that despite past turbulence, the industry continues to attract significant investment and foster innovation. As new players emerge and established figures reinvent themselves, the crypto market demonstrates its capacity for renewal and growth, even in the wake of significant disruption.
#FTT #FTX #MNNC #MNNCGroup #LedgerPrime $FTT
The Cayman Islands-based MNNC Group recently disclosed its significant funding achievement through SEC filings, revealing $53 million raised across two distinct funds. According to COO Ayesha Kiani, this figure represents only their offshore operations, with total assets reaching into the nine-figure range. The company's successful rebranding and fundraising efforts have attracted ten investors, though their identities remain confidential.
The news of MNNC Group's funding success has had immediate market impact, particularly on FTX's native token, FTT, which experienced a notable 5% surge. This increase stood out particularly as most other top 100 altcoins faced declining values during the same period, highlighting the lasting influence of FTX-related developments on market sentiment.
The story of MNNC Group is part of a broader narrative of resilience among former FTX executives who have successfully launched new ventures in the cryptocurrency sector. Armani Ferrante and Tristan Yver exemplify this trend with their Backpack platform, which has secured $17 million in funding at a $120 million valuation. Similarly, Brett Harrison, who previously led FTX US, has raised $17 million for his institutional trading platform, Architect. Former LedgerPrime portfolio manager Zaheer Ebtikar has established Split Capital, while Shiliang Tang and Joshua Lim's venture, Arbelos, has attracted $28 million in funding to compete in the market-making space.
The cryptocurrency ecosystem continues to attract significant investment beyond FTX-related ventures. A notable example is the TON Blockchain, associated with Telegram, which recently secured $20 million in funding led by Pantera Capital. This investment highlights the industry's ongoing vitality and investors' confidence in innovative blockchain projects.
MNNC Group's transformation and successful fundraising represent more than just another investment story ā they signal the crypto market's ability to regenerate and evolve. As the company works to diversify its portfolio and appeal to a broad range of investors, it's helping to fill the vacuum left by FTX's departure while building on lessons learned from the past.
The ongoing activities of former FTX executives and the success of their new ventures suggest that while FTX itself may have fallen, its legacy persists through the innovations and adaptations of its former associates. These developments paint a picture of a maturing cryptocurrency market that can not only weather significant setbacks but emerge stronger through transformation and innovation.
This remarkable resilience and adaptation in the cryptocurrency sector suggests that despite past turbulence, the industry continues to attract significant investment and foster innovation. As new players emerge and established figures reinvent themselves, the crypto market demonstrates its capacity for renewal and growth, even in the wake of significant disruption.
#FTT #FTX #MNNC #MNNCGroup #LedgerPrime $FTT
Feed-Creator-4c6f7fbe8aslb:
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āBitcoin Should Never Go Below This Level, Crash Could Be 100 Times Worse Than FTX & LUNA.
Alliance DAO partners recently expressed concerns in a podcast about potential risks to Bitcoinās price over the next four years, especially if it falls below $58,000.
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply. According to the podcast, Saylorās average Bitcoin purchase price is estimated to be $58,000. If Bitcoin falls below this level, the company could face significant liquidation risks.
Podcast participants speculated that such an event could potentially lead to a financial crisis ā100 times largerā than the collapses of Terra Luna and FTX, both of which sent shockwaves through the cryptocurrency market.
On the bright side, the podcast also outlined a rather optimistic scenario where Bitcoin rises to $500,000. Such a price increase would not only validate MicroStrategyās bold strategy, but it could also make Michael Saylor the richest person in history. A Bitcoin price of $500,000, combined with MicroStrategyās Bitcoin holdings, could make Saylor the first trillionaire in human history.
Michael Saylor has been a strong advocate of Bitcoin, often describing it as ādigital goldā and a long-term hedge against inflation.
#BitcoinCrash #BitcoinAnalysis #CryptoCrash #FTX #LUNA $BTC $LUNA $LUNC
This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves.
MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply. According to the podcast, Saylorās average Bitcoin purchase price is estimated to be $58,000. If Bitcoin falls below this level, the company could face significant liquidation risks.
Podcast participants speculated that such an event could potentially lead to a financial crisis ā100 times largerā than the collapses of Terra Luna and FTX, both of which sent shockwaves through the cryptocurrency market.
On the bright side, the podcast also outlined a rather optimistic scenario where Bitcoin rises to $500,000. Such a price increase would not only validate MicroStrategyās bold strategy, but it could also make Michael Saylor the richest person in history. A Bitcoin price of $500,000, combined with MicroStrategyās Bitcoin holdings, could make Saylor the first trillionaire in human history.
Michael Saylor has been a strong advocate of Bitcoin, often describing it as ādigital goldā and a long-term hedge against inflation.
#BitcoinCrash #BitcoinAnalysis #CryptoCrash #FTX #LUNA $BTC $LUNA $LUNC
See original
Cryptocurrencies will try to make up for their losses in the new week.
The Christmas holiday will start on Wednesday. We will see the effects of Christmas on the markets.
āSome altcoins are also showing an upward trend. #FTT is performing the best. FTT price rose above $ 3.5 and then priced at $ 3.25.
LUNC is among the cryptocurrencies that started the week well. There is also an upward trend in #LUNC . FTT's increases may also affect LUNC, LUNA and #USTC .
It started the week at $ #BTC 95.000. Losses in $ BNB have begun to be covered.
We have currently seen visible increases from FTT, but other altcoins and memecoins are also giving signals. We hope you have a great week...
#FTX $LUNC $USTC $FTT
The Christmas holiday will start on Wednesday. We will see the effects of Christmas on the markets.
āSome altcoins are also showing an upward trend. #FTT is performing the best. FTT price rose above $ 3.5 and then priced at $ 3.25.
LUNC is among the cryptocurrencies that started the week well. There is also an upward trend in #LUNC . FTT's increases may also affect LUNC, LUNA and #USTC .
It started the week at $ #BTC 95.000. Losses in $ BNB have begun to be covered.
We have currently seen visible increases from FTT, but other altcoins and memecoins are also giving signals. We hope you have a great week...
#FTX $LUNC $USTC $FTT
_Ä°NTROVERT_:
Even memecoins that were created out of thin air and had no project or connection to anywhere rose in their own field. Except for this Terra. I actually had a lot of confidence in Terra.
Terra Classic ($LUNC) Price Prediction for 2025: A New Chapter for Crypto Investors
As the cryptocurrency landscape evolves, Terra Classic ($LUNC ) is emerging as a noteworthy contender. Looking ahead to 2025, analysts predict $LUNC will trade within a range of $0.000281 - $0.000345, with the average price in 2024 estimated at $0.000133.
2025 Market Highlights
Bullish Outlook for January 2025: The month is forecasted to witness a remarkable 125.65% surge from current levels, offering lucrative opportunities for both traders and long-term investors.
---
Mini Dapps on LINE: The Future of Blockchain-Powered User Experiences
Blockchain technology continues to revolutionize digital interactions, and Mini Dapps on the LINE platform are at the forefront of this transformation. These decentralized applications seamlessly integrate into LINEās ecosystem, offering enhanced personalization, security, and user engagement.
Key Features of Mini Dapps
1. Enhanced Personalization and Convenience
Mini Dapps streamline everyday tasks, enabling users to:
Manage micro-investments
Earn rewards through tokenized loyalty programs
Conduct peer-to-peer transactions
All of these features are accessible directly within the LINE app, eliminating the need for third-party platforms and providing a comprehensive, user-friendly solution.
2. Secure Data and Digital Identity Management
With growing concerns about privacy, Mini Dapps empower users to control their data through blockchain-based verification systems.
Conduct secure e-commerce transactions
Enjoy safe interactions in gaming and virtual events
By leveraging blockchain, users benefit from enhanced security and transparency.
3. Community Building and Gamification
Mini Dapps foster an innovative and engaging social environment through features like:
Decentralized voting systems
Token-based games
Virtual events
By integrating smart contracts, LINE promotes creativity, collaboration, and entertainment in its ecosystem.
---
Why This Matters for Binance Users
Mini Dapps represent the next wave of blockchain innovation, aligning with Binance's mission to empower users through cutting-edge solutions. As the ecosystem matures, users can anticipate:
New partnerships that expand the scope of blockchain applications
Broader opportunities for tokenized services and DeFi innovations
A seamless integration of blockchain technology into everyday life
Tokens like $LUNC and projects such as Kaia Chain (KAIA) stand poised to capitalize on this evolution, further driving adoption and investment opportunities.
---
Take the Leap: Be Part of the Blockchain Revolution
Whether youāre an investor eyeing Terra Classicās potential or exploring the dynamic possibilities of Mini Dapps on LINE, 2025 is a pivotal year for blockchain adoption. Join the movement and ride the wave of innovation with projects like $LUNC , KAIA, and other blockchain-powered solutions.
Stay ahead. Stay connected. The future of digital engagement is here.
2025 Market Highlights
Bullish Outlook for January 2025: The month is forecasted to witness a remarkable 125.65% surge from current levels, offering lucrative opportunities for both traders and long-term investors.
---
Mini Dapps on LINE: The Future of Blockchain-Powered User Experiences
Blockchain technology continues to revolutionize digital interactions, and Mini Dapps on the LINE platform are at the forefront of this transformation. These decentralized applications seamlessly integrate into LINEās ecosystem, offering enhanced personalization, security, and user engagement.
Key Features of Mini Dapps
1. Enhanced Personalization and Convenience
Mini Dapps streamline everyday tasks, enabling users to:
Manage micro-investments
Earn rewards through tokenized loyalty programs
Conduct peer-to-peer transactions
All of these features are accessible directly within the LINE app, eliminating the need for third-party platforms and providing a comprehensive, user-friendly solution.
2. Secure Data and Digital Identity Management
With growing concerns about privacy, Mini Dapps empower users to control their data through blockchain-based verification systems.
Conduct secure e-commerce transactions
Enjoy safe interactions in gaming and virtual events
By leveraging blockchain, users benefit from enhanced security and transparency.
3. Community Building and Gamification
Mini Dapps foster an innovative and engaging social environment through features like:
Decentralized voting systems
Token-based games
Virtual events
By integrating smart contracts, LINE promotes creativity, collaboration, and entertainment in its ecosystem.
---
Why This Matters for Binance Users
Mini Dapps represent the next wave of blockchain innovation, aligning with Binance's mission to empower users through cutting-edge solutions. As the ecosystem matures, users can anticipate:
New partnerships that expand the scope of blockchain applications
Broader opportunities for tokenized services and DeFi innovations
A seamless integration of blockchain technology into everyday life
Tokens like $LUNC and projects such as Kaia Chain (KAIA) stand poised to capitalize on this evolution, further driving adoption and investment opportunities.
---
Take the Leap: Be Part of the Blockchain Revolution
Whether youāre an investor eyeing Terra Classicās potential or exploring the dynamic possibilities of Mini Dapps on LINE, 2025 is a pivotal year for blockchain adoption. Join the movement and ride the wave of innovation with projects like $LUNC , KAIA, and other blockchain-powered solutions.
Stay ahead. Stay connected. The future of digital engagement is here.
crypto madness 64:
I still don't know where you get predictions from. You will never know with volatility of crypto world.
See original
FTT, the coin that has stood the strongest against the declines in the entire market, continues its rise.
The price of #FTT has exceeded $ 3. It may be the best performing coin in the market right now.
The payments to be made to the victims of #FTX are keeping FTT strong.
You see that FTT, which is said to be a dead coin, is not dead. FTT is similar to #LUNC and #USTC in many ways. We were generally seeing similar pricing.
However, we can say that FTT has been in a more positive pricing recently.
ā© FTX's restart and recovery; will be a guide for #TerraClassic .
The 2 big events that brought BTC down to $ 15,000 were the Luna crash and the FTX crash. Now we see them starting to come back...
Will the owners of the place be able to get back on their feet?
$FTT
The price of #FTT has exceeded $ 3. It may be the best performing coin in the market right now.
The payments to be made to the victims of #FTX are keeping FTT strong.
You see that FTT, which is said to be a dead coin, is not dead. FTT is similar to #LUNC and #USTC in many ways. We were generally seeing similar pricing.
However, we can say that FTT has been in a more positive pricing recently.
ā© FTX's restart and recovery; will be a guide for #TerraClassic .
The 2 big events that brought BTC down to $ 15,000 were the Luna crash and the FTX crash. Now we see them starting to come back...
Will the owners of the place be able to get back on their feet?
$FTT
13_AE_13:
Set the on-chain tax rate to 1.5%. How is the voting going?
š Crypto Coins Taking Over Sports! ā”ļø
Cryptocurrency is shaking up the sports world with massive promotions and sponsorships! Hereās the latest crypto action (as of December 21, 2024):
š Cricket & Crypto
Floki is the title sponsor for the Ireland vs. Pakistan T20I Series.
The Bitcoin Cricket Team promotes Bitcoin through the sport.
ā½ļø Crypto Dominates Sports
Crypto.com renamed Staples Center to Crypto.com Arena, making Crypto.com a major name in sports sponsorships.
FTX sponsored major ICC events, promoting Bitcoin ($BTC ) and Ethereum ($ETH ) in global cricket tournaments.
š Whatās Next for Crypto in Sports?
Cryptocurrency is changing sports with Bitcoin (BTC), Ethereum (ETH), and Floki leading the way. Will crypto dominate all sports? Let us know! šš
#Ethereum #Floki #FTX #SportsCrypto #Blockchain
Cryptocurrency is shaking up the sports world with massive promotions and sponsorships! Hereās the latest crypto action (as of December 21, 2024):
š Cricket & Crypto
Floki is the title sponsor for the Ireland vs. Pakistan T20I Series.
The Bitcoin Cricket Team promotes Bitcoin through the sport.
ā½ļø Crypto Dominates Sports
Crypto.com renamed Staples Center to Crypto.com Arena, making Crypto.com a major name in sports sponsorships.
FTX sponsored major ICC events, promoting Bitcoin ($BTC ) and Ethereum ($ETH ) in global cricket tournaments.
š Whatās Next for Crypto in Sports?
Cryptocurrency is changing sports with Bitcoin (BTC), Ethereum (ETH), and Floki leading the way. Will crypto dominate all sports? Let us know! šš
#Ethereum #Floki #FTX #SportsCrypto #Blockchain
See original
š° FTX announces distribution of $16 billion to creditors in 2025 šø
FTX, the bankrupt cryptocurrency platform, has announced that it plans to distribute $16 billion to its creditors in 2025. The news was revealed on October 15, generating excitement in the market.
This figure represents one of the largest distributions in the history of cryptocurrency bankruptcies, even surpassing the $10 billion from the BlockFi bankruptcy. The impact on the sector is significant, as it could revive confidence in cryptocurrency platforms and stimulate market recovery.
- The distribution could help stabilize the cryptocurrency market, reducing uncertainty and encouraging investment.
- It increases confidence in asset recovery processes, which could influence future regulations and security practices in the sector.
This measure could mark a turning point in the recovery of the cryptocurrency market, reinforcing the confidence of investors and users. š #Cryptocurrencies #FTX #Recovery š $FTT $BTC
FTX, the bankrupt cryptocurrency platform, has announced that it plans to distribute $16 billion to its creditors in 2025. The news was revealed on October 15, generating excitement in the market.
This figure represents one of the largest distributions in the history of cryptocurrency bankruptcies, even surpassing the $10 billion from the BlockFi bankruptcy. The impact on the sector is significant, as it could revive confidence in cryptocurrency platforms and stimulate market recovery.
- The distribution could help stabilize the cryptocurrency market, reducing uncertainty and encouraging investment.
- It increases confidence in asset recovery processes, which could influence future regulations and security practices in the sector.
This measure could mark a turning point in the recovery of the cryptocurrency market, reinforcing the confidence of investors and users. š #Cryptocurrencies #FTX #Recovery š $FTT $BTC
Evening News UpdateĀ #Cryptošš
šŖ FTX/Alameda has only 334KĀ $WLDĀ tokens left from its initial 25M investment, following major OTC and Binance sales.
š¢ Binance Alpha announces third batch of projects across BNB Chain, Ethereum, Solana, and Base ecosystems.
š SoSoValue: VIX index hits highest level since August, market overreacting; risk assets like crypto remain attractive.
š¤ Primitive Ventures predicts 2025 will see a surge in crypto-AI integrations, focusing on tokenized AI agents and consumer apps.
āļø Jefferies: December expected to be a profitable month for Bitcoin miners asĀ $BTCĀ price highs boost mining economics.
#FTX Ā #wldusdt Ā #BinanceAlpha Ā #AIAgents
šŖ FTX/Alameda has only 334KĀ $WLDĀ tokens left from its initial 25M investment, following major OTC and Binance sales.
š¢ Binance Alpha announces third batch of projects across BNB Chain, Ethereum, Solana, and Base ecosystems.
š SoSoValue: VIX index hits highest level since August, market overreacting; risk assets like crypto remain attractive.
š¤ Primitive Ventures predicts 2025 will see a surge in crypto-AI integrations, focusing on tokenized AI agents and consumer apps.
āļø Jefferies: December expected to be a profitable month for Bitcoin miners asĀ $BTCĀ price highs boost mining economics.
#FTX Ā #wldusdt Ā #BinanceAlpha Ā #AIAgents
š² 2
25%
š²4
13%
š²6
9%
š²8
53%
351 votes ā¢ Voting closed
See original
š FTX Set to Repay ~$16 Billion to Victims Two Years After Collapse
More than two years after the crypto market crash, FTX exchange has taken a major step forward as the court has officially approved its repayment plan. Accordingly, approximately $16 billion will be repaid to victims, with an expected implementation date of early March 2025.
The highlight of this plan is that creditors will be able to choose to receive compensation in USD or stablecoins, providing flexibility and convenience in recovering lost assets. This is a positive signal for millions of investors who suffered huge losses after FTX's infamous collapse in late 2022.
The repayment process will be carried out in stages, with a priority on ensuring transparency and fairness for all parties involved. This plan marks an effort by FTX and law enforcement to bring the case to a close, remedying the consequences of one of the biggest scandals in crypto history.
Creditors are advised to quickly prepare information and choose the form of compensation to ensure the process goes smoothly.
More detailed updates will continue to be announced in the coming time.
#FTX #Write&Earn
More than two years after the crypto market crash, FTX exchange has taken a major step forward as the court has officially approved its repayment plan. Accordingly, approximately $16 billion will be repaid to victims, with an expected implementation date of early March 2025.
The highlight of this plan is that creditors will be able to choose to receive compensation in USD or stablecoins, providing flexibility and convenience in recovering lost assets. This is a positive signal for millions of investors who suffered huge losses after FTX's infamous collapse in late 2022.
The repayment process will be carried out in stages, with a priority on ensuring transparency and fairness for all parties involved. This plan marks an effort by FTX and law enforcement to bring the case to a close, remedying the consequences of one of the biggest scandals in crypto history.
Creditors are advised to quickly prepare information and choose the form of compensation to ensure the process goes smoothly.
More detailed updates will continue to be announced in the coming time.
#FTX #Write&Earn
#FTX approaches the end of its bankruptcy process as it unveils a new date for $16 billion reimbursement to creditors.
The FTX bankruptcy estateĀ announcedĀ the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the planās Convenience Classes.
Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers.
Preparation for RepaymentĀ
The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms.Ā
Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan.Ā
The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings.Ā
The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future.Ā
#CryptoNewsšš„V
The FTX bankruptcy estateĀ announcedĀ the development in a recent press release, noting that the court-approved Chapter 11 reorganization plan will take effect on January 3, 2025. Per the announcement, January 3 will also serve as the initial distribution record date for holders within the planās Convenience Classes.
Notably, FTX will commence initial repayment within 60 days of the effective date. In preparation for the distribution, FTX agreed with two prominent crypto exchanges, Kraken and BitGo. These trading platforms will oversee the distribution of the funds to eligible customers.
Preparation for RepaymentĀ
The announcement provided a guide on how customers and creditors will be eligible for the initial distribution. This includes completing a mandatory know-your-customer (KYC) verification process on the FTX Claims platform and submitting the necessary tax forms.Ā
Afterward, these users must onboard to BitGo or Kraken before the January 3 effective date. Upon completing these requirements, FTX will commence the initial distribution within 60 days of the effective date of the court-approved reorganization plan.Ā
The initial repayment will focus on creditors with claims under $50,000. Notably, these customers account for around 90% of all eligible creditors in FTX bankruptcy proceedings.Ā
The system groups them under the Convenience Classes. After the initial distribution, FTX will announce separate records and payment dates for other classes in the future.Ā
#CryptoNewsšš„V
šØ FTT/USDT Trade Signal: Price Analysis & Technical Breakdown š
$FTT
Current Price: $2.8609 (-6.25%)
Key Trading Levels šÆ
Buy Target 1: $2.80
Buy Target 2: $2.75
Sell Target 1: $3.00
Sell Target 2: $3.10
Take Profit Target: $3.33 (24h High)
Stop Limit šØ
Stop Loss: $2.75 (Support Level)
Support & Resistance Zones š
Resistance Levels: $3.00, $3.10
Support Levels: $2.80, $2.75
Technical Indicators š
24h High: $3.3300
24h Low: $2.7921
Volume (FTT): 13.71M FTT
Volume (USDT): $41.61M
Market Sentiment š
Volume Analysis: Increased selling pressure.
Price Action: Testing support around $2.80; potential rebound if support holds.
Trade Setup & Strategy š
Bullish Scenario: Buy near $2.80 and target $3.00-$3.10.
Bearish Scenario: If price drops below $2.75, further downside risk likely.
ā ļø Trade carefully and manage risk! ā
#FTTš„š„ #Cryptosignals #TradingSignal #FTX
$FTT
Current Price: $2.8609 (-6.25%)
Key Trading Levels šÆ
Buy Target 1: $2.80
Buy Target 2: $2.75
Sell Target 1: $3.00
Sell Target 2: $3.10
Take Profit Target: $3.33 (24h High)
Stop Limit šØ
Stop Loss: $2.75 (Support Level)
Support & Resistance Zones š
Resistance Levels: $3.00, $3.10
Support Levels: $2.80, $2.75
Technical Indicators š
24h High: $3.3300
24h Low: $2.7921
Volume (FTT): 13.71M FTT
Volume (USDT): $41.61M
Market Sentiment š
Volume Analysis: Increased selling pressure.
Price Action: Testing support around $2.80; potential rebound if support holds.
Trade Setup & Strategy š
Bullish Scenario: Buy near $2.80 and target $3.00-$3.10.
Bearish Scenario: If price drops below $2.75, further downside risk likely.
ā ļø Trade carefully and manage risk! ā
#FTTš„š„ #Cryptosignals #TradingSignal #FTX
FTX Chapter 11 Reorganization Plan Starts January 3, 2025
The former cryptocurrency exchange FTX, run by convicted founder Sam Bankman-Fried, has set the start date for its Chapter 11 restructuring plan to distribute monies to impacted consumers after years of uncertainty.
Set Initial Distribution Date
FTX Trading Ltd. and its connected creditors announced on Monday that their court-approved Chapter 11 Plan of Reorganization would begin on January 3, 2025. This date is also the starting distribution record date for Convenience Class authorized claims.
KYC and other distribution procedures will apply to participation in the first distribution within 60 days of this effective date.
The first payout will only cover the plan's Convenience Classes, with additional claim classes' record and payment dates to be notified.
FTX Debtors CEO John J. Ray III was optimistic about the last two years' accomplishments. He said:
Our experts have painstakingly and effectively recovered billions of dollars to this date. The recovery efforts were successful, and the plan went into action in January 2025 and disbursements began. We are ready to distribute recovery to customers and creditors, and we urge consumers to take the appropriate actions to receive distributions quickly.
These collaborations guarantee that retail and institutional customers harmed by the company's failure, as well as other creditors in supported countries, get recovery according to the restructuring plan.
Distributions will only be issued to the transferee holder of an authorized claim that has been processed and registered in the Notice and Claims Agent's official register of claims as of January 3, 2025. This requires a 21-day notice period without objections.
FTT is now $3 after a consolidation period from April to September, when it ranged from $1.30 to $1.50. Over the previous two weeks, the token has gained 23% and 52% over the past month.
$FTT #FTX #BTCNewATHAgain #BTCNewATH $BTC $XRP
The former cryptocurrency exchange FTX, run by convicted founder Sam Bankman-Fried, has set the start date for its Chapter 11 restructuring plan to distribute monies to impacted consumers after years of uncertainty.
Set Initial Distribution Date
FTX Trading Ltd. and its connected creditors announced on Monday that their court-approved Chapter 11 Plan of Reorganization would begin on January 3, 2025. This date is also the starting distribution record date for Convenience Class authorized claims.
KYC and other distribution procedures will apply to participation in the first distribution within 60 days of this effective date.
The first payout will only cover the plan's Convenience Classes, with additional claim classes' record and payment dates to be notified.
FTX Debtors CEO John J. Ray III was optimistic about the last two years' accomplishments. He said:
Our experts have painstakingly and effectively recovered billions of dollars to this date. The recovery efforts were successful, and the plan went into action in January 2025 and disbursements began. We are ready to distribute recovery to customers and creditors, and we urge consumers to take the appropriate actions to receive distributions quickly.
These collaborations guarantee that retail and institutional customers harmed by the company's failure, as well as other creditors in supported countries, get recovery according to the restructuring plan.
Distributions will only be issued to the transferee holder of an authorized claim that has been processed and registered in the Notice and Claims Agent's official register of claims as of January 3, 2025. This requires a 21-day notice period without objections.
FTT is now $3 after a consolidation period from April to September, when it ranged from $1.30 to $1.50. Over the previous two weeks, the token has gained 23% and 52% over the past month.
$FTT #FTX #BTCNewATHAgain #BTCNewATH $BTC $XRP