Author: NBTC
About $1.2 billion in customer assets trapped in FTX’s high-profile collapse finally began trickling back to creditors on Tuesday after 27 months of uncertainty and waiting, when the former crypto exchange’s bankruptcy estate sent out its first batch of repayments. For those that lost less than $50,000 when FTX’s swift demise rocked the crypto market in November 2022, the moment represented a long-due reprieve. The repayments may offer some former customers a sense of closure, but according to Sunil Kavuri—an advocate and self-described “champion” for FTX creditors—the process is just getting started. Kavuri told Decrypt that FTX’s bankruptcy estate still…
Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements. At this point, the last announcement came for the altcoin called Epic Chain (EPIC). Binance announced that Epic Chain (EPIC) will be added to Binance Futures, Binance Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, and Binance Auto-Invest. “Binance Futures will launch the EPIC/USDT Perpetual Contract with up to 75x leverage on 2025-03-13 08:00 UTC.” “Binance Margin will add EPIC as a new borrowable asset in Cross and Isolated Margin, and EPIC/USDT as a new borrowable asset in Cross and Isolated Margin, effective from 2025-03-13 08:20 (UTC). Users will be…
The Federal Reserve is unlikely to cut interest rates at its policy meeting next week, but if recession fears intensify, a series of rapid rate cuts could begin as early as June, according to institutional analysts. Market expectations for rate cuts have risen as futures contracts increasingly price in 25 basis point cuts in June, July and October. The trend follows comments from US President Donald Trump over the weekend about a “transition period” as he moves forward with tariffs on multiple countries. Short-term interest rate traders have moved their estimates that the Fed will begin cutting rates from May…
President Donald Trump recently sparked interest in the crypto world by sharing content on Truth Social about Ripple Labs and its cryptocurrency, XRP. His posts mention a “Trump effect” that appears to be guiding Ripple’s increased focus on the U.S. market, potentially driving up XRP’s value. This has generated excitement among market participants, especially in the XRP community. The article, titled “Ripple’s Garlinghouse Touts ‘Trump Effect’ Amid Bump in U.S. Deals,” discusses how Ripple, the company behind the cryptocurrency XRP, has seen a boost in its business opportunities in the U.S. since the 2024 election. It also includes insights from…
Bitcoin’s price has been stuck between $93,000 and $98,000 for two weeks, leaving traders uncertain about its next move. Meanwhile, the recent repayments to its creditors by the defunct crypto exchange FTX have added more selling pressure, causing concerns in the market. Thus CryptoQuant CEO Ki Young Ju, Bitcoin could fall to $77,000 without ending its ongoing bull cycle. Could Bitcoin Drop to $77K? At present Bitcoin is currently trading around $96,369, showing little movement in the past 24 hours. Perhaps according to Ki Young Ju, Bitcoin could experience a 30% correction from a potential all-time high (ATH) of $110,000.…
South Korean investors are pouring millions of dollars into Hong Kong’s stock market at levels not seen in three years, even as Asian markets count losses caused by the US’s head-strong policies against China. Traders are looking for straws to clutch while concerns over a potential US recession and tariff disputes mount on global equities. Per data compiled by Bloomberg, South Korean investors purchased a net total of $189 million in Hong Kong equities last month. The buying spree has continued into March, setting up for the largest two-month net purchase of Hong Kong stocks since early 2021. The interest…
Cardano Foundation’s initiatives focus on innovation, sustainability, and blockchain adoption through strategic partnerships and education efforts. The Foundation advances network resilience and scalability with projects like Aiken, mempool monitoring, and the Amaru decentralization initiative. The Cardano Foundation has announced several key initiatives to drive innovation, enhance sustainability, and promote blockchain adoption across various industries. As part of its ongoing efforts to expand Cardano’s impact, the Foundation has focused on three core pillars, traceability, authenticity, and sustainability, that support the blockchain’s ability to address real-world challenges. The Cardano Foundation’s fourth annual Cardano Summit, held in Dubai, marked a move, attracting over…
Mercuryo, a global payment infrastructure and cryptocurrency platform, has announced the launch of on-ramp services for Wallet in Telegram, the Telegram-integrated crypto management solution, as reported to Finbold on Thursday, March 13. The partnership is designed to promote mass cryptocurrency adoption and, according to Petr Kozyakov, Co-Founder and Chief Executive Officer (CEO) at Mercuryo, help “onboard millions of new users to cryptocurrency services.” 💡 Buy Crypto with Mercuryo on @wallet_tg in Telegram!Now millions of Wallet users can buy BTC, TON, and more, directly in @telegram with Wallet, built on @ton_blockchain.💳 Easy Access – Purchase crypto using your local currency via…
A well-known cryptocurrency analyst on X has flagged key developments involving Bitcoin and Ethereum, the top two cryptocurrencies. In his latest post, the analyst drilled down on the potential impact of Bitcoin’s ongoing consolidation and asked if Ethereum’s resurgence could spark an altcoin season. Analyst Pinpoints Bitcoin “Entry Zones” According to this analyst, Bitcoin’s recent behavior remains in line with consolidation, making the lower price levels ideal entry zones for bullish traders. Meanwhile, he notes, Ethereum is showing a bullish “momentum switch,” actually performing better than Bitcoin. This, the analyst emphasizes, is a very positive sign for the altcoin market,…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The DeFi trading experience is a balancing act. Market makers juggle cost and efficiency, while traders deal with delays, slippage, and the ever-present reality of MEV extraction. Onchain execution can be slow, liquidity is often scattered across different venues, and gas fees — even on Solana — still exist. These are just a few of the problems that Drift — the largest derivatives platform on Solana — set out to solve with Swift Protocol. Its new trading standard is designed to maximize execution speed, minimize slippage, and…