đ° Speculation is a driving force in the early stages of any industry, whether we like it or not. The speculative nature attracts early investors, whom we really need for funding and advancing innovation at this nascent stage.
And all this buzz around crypto speculation is sparking growth and interest. While it gets criticized, this kind of excitement is needed to explore new ideas and technologies.
đ± As the industry matures, so will the mindset of both investors and users, shifting towards sustainable growth and genuine value creation. For now, this mix of speculative and long-term investments is essential to propel the industry forward.
A New York judge has approved a $12.7 billion settlement between FTX, Alameda Research, and the CFTC, ending a 20-month lawsuit. The entire amount will be paid back to FTX creditors, with no additional penalties imposed.
Creditors are voting on their payout preference, with final decisions expected by October 7.
đš FTX and Alameda Ordered to Pay $12.7B to Creditors
âïž A New York judge has officially approved a consent order requiring FTX and its affiliate, Alameda Research, to pay $12.7 billion to creditors.
đ This decision, which concludes a 20-month lawsuit led by the CFTC, does not impose civil penalties but bans both firms from trading digital assets or acting as market intermediaries.
đ FTX, which filed for bankruptcy in late 2022, severely impacted investor wealth. Sam Bankman-Fried, founder of both FTX and Alameda, was sentenced to 25 years in prison in March, ordered to forfeit $11 billion, and convicted of multiple fraud and money laundering charges.
đ Bitcoin's Market Capitalization in 2045 Compared to Gold's Capitalization đ
From Michael Saylor's slides at the Bitcoin Conference. âŹïž
Legendary crypto enthusiast Ansem (470,000 followers on X) believes that Michael Saylor "did 100 lines of coke before making that powerpoint slide" for his presentation at the Bitcoin Conference.đ€Łđ€Łđ€Ł
American spot ETFs purchased 6,470 bitcoins worth approximately $422 million during the trading session on July 16. Of this, $260 million was attributed to BlackRock's IBIT fund. Capital inflows into these funds have continued for 8 consecutive trading days. đ°
đ The price of bitcoin reached $66,000 on the night of July 17, surging by more than $10,000 after a dip earlier in the month.
đ JUST IN: $NOT price will likely undergo a major bullish reversal move in the coming weeks, supported by Notcoin's initiatives to bring more users to its gaming ecosystem.
đ While everyone's attention is focused on TON and its new ATH, NOT is showing even more impressive growth results.
While $TON has risen only 6% in the last 24 hours, $NOT has demonstrated nearly 20% growth! Undoubtedly, these are two products from the same ecosystem, and it's impressive, especially when the overall market is red! đ
đŁ Paolo Ardoino announced a new class of digital asset products from Tether â details will be revealed on Monday, June 17.
đ Ripple will launch the stablecoin Ripple USD (RLUSD), which will operate on the XRP Ledger and Ethereum blockchains.
âĄïž The authorities of the state of Indiana will set low electricity rates for miners and data centers. Amazon, Google, Microsoft, and AboutBit are already preparing for major construction.
đ° The CMT Digital fund plans to raise $150,000,000 for cryptocurrency investments.
đ€ CBOE top manager: The appearance of spot Solana and Ripple ETFs is unlikely in the near future. The reasons are the absence of a futures market and regulatory clarity.
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