Investor enthusiasm over a sudden influx of new capital to the crypto market following the approval of FTX's $16 billion creditor repayment plan could be premature.
Customers of collapsed crypto exchange FTX will soon get their money back after a judge approved the firm’s $16 billion bankruptcy plan—but investor enthusiasm over a sudden influx of new capital to the crypto market could be premature.
Analysts reckon sweeping assumptions that creditors will plunge their refunded cash straight back into the market “requires at least some analysis of the claimant composition.” And with repayments not set to begin for 60 days after the plan's yet-to-be-determined “effective” date, any market impact is some way off.
Here's Why FTX Repayments Won't Be Super Bullish for Markets, According to Analysts
Creditors of defunct crypto exchange FTX will get the cash value of their assets soon, but analysts say it won't be a huge boon for markets.
FTX Will Return $16 Billion to Customers Following Court's Bankruptcy Approval
Collapsed crypto exchange FTX was given the green light Monday to execute its bankruptcy plan following nearly two years of recovery efforts.
Bitcoin Traders Are Eyeing This Week’s CPI Data. Here’s Why
The “Uptober” narrative has helped buoy support for Bitcoin. Now, traders are looking for further signs inflation is cooling.
Supreme Court Won't Hear Case Over $4.4 Billion in Seized Silk Road Bitcoin
The U.S. government now appears free to sell 69,370 Bitcoin that it seized from a Silk Road-affiliated wallet.
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“Polymarket turned 'Money Electric' into a sporting event.”
Cullen Hoback, director of HBO documentary “Money Electric,” which purports to reveal the identity of Bitcoin creator Satoshi Nakamoto
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