On May 8, FTX and its affiliated debtors filed a reorganization plan and disclosure statement with the U.S. Bankruptcy Court in Delaware. The plan is expected to centrally distribute almost all of FTX's assets at the time of its bankruptcy in November 2022 to customers and other creditors around the world. FTX estimates that the total value of property collected, converted into cash and available for distribution will be between $14.5 billion and $16.3 billion. The amount includes assets controlled by Chapter 11 debtors and assets controlled by the joint official liquidators of FTX Digital Markets, Ltd. (Bahamas), the Securities Commission of the Bahamas, and the joint official liquidators of FTX Australia. If the plan is approved by the bankruptcy court, 98% of FTX creditors will receive approximately 118% of their allowed claims within 60 days of the plan taking effect. The remaining creditors will receive all their claims, plus billions of dollars in compensation for the time value of their investments. The compensation for the FTX bond case has been around for nearly two years and is finally coming to an end. It is said that it can recover blood according to the U-standard discount, and there may be some profit.

According to media reports, Grayscale withdrew its 19b-4 application for an Ethereum (ETH) futures exchange-traded fund (ETF), just three weeks after the securities regulator made a decision. Grayscale submitted a notice to the U.S. Securities and Exchange Commission on May 7 to withdraw the Grayscale Ethereum Futures ETF. I have backed down, and it seems that the two cakes are really going to be linked.

Recently, everyone seems to have said a lot about the cost of miners after the halving. After all, every halving is a challenge for miners. They must upgrade their computing power before the halving and use higher-end mining machines to avoid losing money after the halving. Yesterday, Wu Jihan mentioned that the cost of most miners should be 60,000, but this is just the estimated shutdown price, and it should not be so high in reality. However, the so-called shutdown price cannot prove anything. It is more about the expectation of interest rate cuts and the impact of the U.S. economy on risk markets.

Yesterday's market interpretation

In recent days, the big cake has been in the afternoon of Eastern time, and the opening time of Europe has been tempting. It can be said that it has entered garbage time now, with a small amplitude and ups and downs. The second exploration at the daily level has begun to shrink, which should be the beginning of a signal that the price can no longer fall. Pay attention to the trading volume. When it shrinks to the extreme, it is time to choose a direction. The current daily line is still in the downward channel, and 64,000 is indeed a hurdle.If the right shoulder of 62,000 is broken in the next two days, only 60,000 will be left. Judging from the decline in volume, 60,000 should not be easy to break.

As mentioned above, the ETF is unlikely to pass, so we can only watch it weaken.

In terms of cottages, except for the monster coin TRB, there are not many highlights today. When monsters appear, it is generally garbage time.

Yesterday's panic greed index: 64 (greed)

I am May. If you are confused at the moment, don't know what coin to buy, and don't understand the market, click on the avatar introduction to find May to operate together #ftx #灰度撤回以太坊期货etf申请 $BTC $ETH