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Analysts Worry About FTX: âDonât Get Your Hopes Up!â Analysts say the estimated $16 billion in cash payments to FTX creditors will not have much of a positive impact on cryptocurrencies. The excitement among retail investors about FTXâs court-approved bankruptcy plan may be short-lived, according to a new report from Presto Labs. The report says analysts are uncertain whether the $16 billion in cash payments to creditors will flow into the crypto market. The U.S. Bankruptcy Court for the District of Delaware approved FTXâs Plan of Reorganization on Monday, nearly two years after the stock market crash. Under the plan, 98 percent of FTX creditors will receive approximately 119 percent of their allowable claims within 60 days of the effective date, subject to certain requirements. FTX estimates that the total value of the estate available for distribution will be between $14.7 billion and $16.5 billion. This amount includes assets controlled by various entities, including Chapter 11 debtors, the joint official liquidators of FTX Digital Markets, Ltd. in the Bahamas, the FTX Australia Administrators, the US Department of Justice, and numerous private parties. The research firm states that repayments will begin within 60 days of the âeffectiveâ date of the yet-to-be-determined plan. It is not yet clear how creditors will evaluate the repayments. Crypto investors are divided. One group thinks that money will flow into the sector, while the other believes that it will not have much impact on the market. Volatility has increased in $FTT with FTX back on the agenda. The exchangeâs native token fell 10 percent in the last 24 hours to $2.30. #CryptoDeNostradame #ParrotBambooCrypto #KIP #KIPprotocol #Reecoin
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Alarm bells are ringing for Ethereum (ETH): Could a decline be imminent? Ethereum (ETH), which has been worrying with its recent poor performance, has come to the fore with onchain data. Net outflows from spot ETFs and the increase in Bitcoin dominance continue to shake Ethereum. ETH, the leader of altcoins that continues its downward trend, has begun to scare with onchain data. Risks are increasing in Ethereum, which is struggling with selling pressure. While the price of Ethereum approaches $2400, open interest in $ETH fell by 1.02 percent to $11.44 billion. The options market recorded a 28.50 percent increase in volume, reaching $46,465 million. According to CoinGlass data, open interest in Ethereum options increased by 2.44 percent to $5.07 billion. The long-short ratio in the last 24 hours is 0.96, indicating a slight downward trend. In the last 24 hours, $51.23 million worth of Ethereum positions were liquidated. $43.17 million of this liquidation amount was long and $8.05 million was short. With long positions being liquidated five times more than short positions, Ethereum is on a downtrend. The leader of altcoins, which has lost value due to both net outflows in spot ETFs and its crushing against Bitcoin, may test $2300 in the short term. As of the writing of the news, Ethereum is trading at $2,418 and has experienced a 2.85 percent decrease in 24 hours. It has lost 8.56 percent in the last seven days. ETH's market value is currently $291 billion and its 24-hour trading volume is $16.11 trillion. Increasing volatility in the market, especially BTC, may pose a danger to ETH. Altcoin investors in particular should be careful during this process. #CryptoDeNostradame #ParrotBambooCrypto #KIP #KIPprotocol
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Tebrikler @babylonlabs_io, baĆarılı Cap 2 için! đ Cap 1'de, 250 BTC'yi Babylon'a stake ederek Babylon Puanlarının %25'ini kazandık. Cap 2'de, yeni zirvelere ulaĆtık ve toplamda 7.089 BTC stake ederek SolvBTC.BBN'nin tamamını Babylon'a stake ettik. SAL (Staking Abstraction Layer) ile gĂŒĂ§lendirilmiĆ Ă§Ă¶zĂŒmĂŒmĂŒz, Bitcoin staking iĆlemlerini aÄlar arasında basitleĆtirir ve optimize eder. BTCFi ĂŒzerine mi bahis yapıyorsunuz? Solv. https://app.solv.finance/solvbtc #SolvProtocol #SolvBTC
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đąKurumsal bir parnerlikle karĆınızdayız. TĂŒrkiye geneli teknoloji & yatırım markası olan Reeder , kripto sektörĂŒne adımlarını attı. Reecoin markasıyla dijital avantajları gerçek dĂŒnyaya taĆımayı amaçlıyor. ĂnĂŒmĂŒzdeki dönemde çeĆitli etkinlikler, airdroplar ve bol bol ödĂŒller olacak. #ParrotBambooCrypto #ReeCoin #Reeder #Partnership
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Donald Trump widens the gap: Memecoin market is on the move! Donald Trump's advance over Kamala Harris on Polymarket has increased volatility in the memecoin market. Polymarket data released on Monday showed that Donald Trump's chances against Kamala Harris in the presidential race have increased to 54 percent, giving the Republican candidate an 8 percent lead. Leading Trump-based memecoins saw double-digit gains. PotiFi memecoins see Donald Trump take a wind Republican candidate Donald Trump gained an 8 percent lead over Kamala Harris on the Polymarket prediction market on Monday. The 54 percent to 45.5 percent lead is Trump's largest lead since Harris took over the Democratic seat. Trump's recent lead comes after Tesla and SpaceX billionaire CEO Elon Musk indirectly endorsed Polymarket in an X post on Monday. Musk said Polymarket odds are more accurate than election polls. Donald Trumpâs chances have also improved following the release of new polling data from Pennsylvania. He currently leads Harris 56 percent to 44 percent in Pennsylvania. The shift points to a growing trend in the stateâs political landscape, suggesting that support for Trump is increasing as the election draws near. Following the surge in polling numbers, PolitiFiâs meme coins rebounded on Monday, with Trump-themed tokens gaining over 30 percent. MAGA and SUPER TRUMP gained 33 percent and 37 percent, respectively, suggesting that positive sentiment among crypto investors is growing toward a Trump win in the upcoming election. #CryptoDeNostradame #ParrotBambooCrypto #KIP #KIPprotocol #ReeCoin
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