XRP hits 7-year peak amid bullish sentiment, FTX plans payouts: Finance Redefined
FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations. Go to Source
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FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations. Go to Source
A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph. Go to Source
The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets. Go to Source
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan. Go to Source
“Not all creditor repayments are bearish,” said K33’s analysts, noting FTX’s cash payouts versus the crypto repayments from Gemini and Mt. Gox. Go to Source