U.S. claims $700 million of assets linked to Bankman-Fried, FTX.
The U.S. government wants to take control of nearly $700 million of assets it seized earlier this month from former FTX CEO Sam Bankman-Fried, according to court filings. Included in the property are over 55 million Robinhood shares worth about $525 million.
FTX may make a comeback.
The FTX cryptocurrency exchange may not be dead. The platform, the flagship company of Sam Bankman-Fried’s crypto empire, could be revived in the coming months, so said John Ray, the CEO appointed Nov. 11 when Bankman-Fried’s empire filed for bankruptcy, to handle the liquidation.
Genesis’ crypto trading arm is moving money around.
Genesis’ crypto trading arm is moving money around. A wallet controlled by the Genesis OTC trading desk sent about $125 million of ETH, FTM and USDT to Coinbase, Binance, Bitstamp and Kraken on the day of the bankruptcy filing, according to blockchain data compiled by Etherscan.
BTC/USD fell 0.7% in the last session.
The Bitcoin-Dollar pair dropped 0.7% in the last session. The MACD is giving a positive signal.BTC/USD fell 0.7% in the last session. Support is at 21971.3333 and resistance at 23709.3333.
The MACD is currently in the positive zone.
ETH/USD corrected downwards by 0.1% in the last session.
The Ethereum-Dollar pair dropped 0.1% in the last session after rising as much as 2.1% during the session. According to the RSI, we are in an overbought market. Support is at 1586.6633 and resistance at 1697.9233.
The RSI is signalling an overbought market.
XRP fell 0.8% against USD in the last session.
The Ripple dropped 0.8% against the Dollar in the last session. The CCI is giving a negative signal. Support is at 0.387 and resistance at 0.4244.
The CCI is currently in negative territory.
The last session saw LTC drop 0.6% against USD.
The Litecoin-Dollar pair dropped 0.6% in the last session after rising as much as 2.3% during the session. The Williams indicator is giving a negative signal. Support is at 85.4567 and resistance at 92.6967.
The Williams indicator is currently in the negative zone.
Daily Economic Calendar:
US Chicago Fed National Activity Index
The Chicago Fed National Activity Index, released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure. The US Chicago Fed National Activity Index will be released at 13:30 GMT, the US 3-Month Bill Auction at 16:30 GMT, the US 6-Month Bill Auction at 16:30 GMT.
US 3-Month Bill Auction
Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.
US 6-Month Bill Auction
The auction sets the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.
EMU Consumer Confidence
The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The Eurozone’s Consumer Confidence will be released at 15:00 GMT, Germany’s German Buba Monthly Report at 11:00 GMT, the UK’s Public Sector Net Borrowing at 07:00 GMT.
DE Buba Monthly Report
The German Buba Monthly Report, released by the Deutsche Bundesbank, contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions.
UK Public Sector Net Borrowing
The Net Borrowing captures the amount of new debt held by the U.K. governments, i.e., the financial deficit in the UK national accounts.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.