CoinShares Sells FTX Claim, Secures $39M Return
CoinShares has announced the successful sale of its FTX claim and will reinvest $39.78 million from the sale into growth opportunities and enhanced client services An official press release reports that the agreement, which is still subject to customary closing conditions, is expected to result in a recovery rate of 116% net of broker fees. […]
Avalanche (AVAX) Price Falls to Six-Month Low, 50% Correction Looms
The Avalanche price is developing a head-and-shoulder pattern on the technical chart, implying another 50% correction. Over the weekend, AVAX whale shifted large amounts of coins. Avalanche’s native cryptocurrency, AVAX, has been on a significant downward spiral, falling 15% in the last week. The AVAX price has corrected by an additional 6% in the past […]
Mt. Gox to Begin Bitcoin, Bitcoin Cash Repayments in July 2024
Now-defunct Mt. Gox crypto exchange will proceed with the repayment of its defunct users in Bitcoin (BTC) and Bitcoin Cash (BCH) starting July 2024 after over a decade. On June 24, the exchange issued a written note announcing that the rehabilitation trustee of Mt. Gox will commence the processing of reparations in Bitcoin and Bitcoin […]
Crypto Millionaire Highlights Solana Investigation Rumors
Crypto influencer Crypto Bitlord predicts Solana (SOL) rumors will soon surface. After the latest Ethereum frenzy, the influencer suggested Solana may be under investigation. Rumors are circulating regarding Solana (SOL) following the suggestion by Crypto Bitlord, a prominent figure in the crypto community, on X that the cryptocurrency may be under investigation. He alleges that this speculation […]
BTC, ETH Transaction Fees Drop to Lowest Level in 7 Months
The crypto market has experienced one of its harshest weeks in 2024, and Bitcoin (BTC) and Ether (ETH) transaction fees have plummeted to their lowest levels in several months. The average Bitcoin transaction fee reached $1.93 per transaction on June 23, the lowest level since October 2023. The Bitcoin network’s low gas fee indicates diminished […]