Cora Chen

KuCoin, a leading cryptocurrency exchange, has announced the official listing of the bitSmiley token (SMILE), a stablecoin protocol native to the Bitcoin blockchain. As confirmed on KuCoin’s website and social media platforms, SMILE tokens are now available on the platform, with trading set to begin this Wednesday. Details of SMILE Listing on KuCoin In its […] The post KuCoin Lists Bitcoin-Native Stablecoin bitSmiley (SMILE) to its Spot Trading Platform appeared first on Coin Edition.

FTX filed for bankruptcy in late 2022, shortly after which it filed for multiple lawsuits as part of its strategy to recover assets.

FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. The agreement allows FTX to withdraw $175 million in digital assets held on Bybit’s platform and sell about $53 million in BIT tokens to Mirana […] The post FTX reaches $228 million settlement with Bybit amid bankruptcy efforts appeared first on CryptoSlate.

The bankrupt crypto exchange FTX announced a $228 million settlement with Bybit on October 24th, ending a prolonged lawsuit that aimed to recover funds. A legal filing shows the settlement allows FTX to withdraw $175 million in digital assets from Bybit and sell approximately $53 million in BIT tokens to Bybit’s investment division, Mirana Corp. […] The post FTX Secures $228M Settlement with Bybit in Bankruptcy Case appeared first on Coin Edition.

FTX Trading Ltd. has reached a $228 million settlement with Bybit Fintech Ltd. to end the legal battle between both entities. This move will allow FTX to recover assets from Bybit’s exchange. As part of the deal, the defunct exchange will get back $175 million in digital assets plus sell $53 million in BIT tokens […]

Worldcoin, the crypto project co-founded by OpenAI’s CEO Sam Altman, recently saw its token’s price drop over 6% following Alameda Research’s continued sales. Some analysts believe WLD’s price could continue to move sideways before recovering its bullish momentum. Related Reading: Experts Discuss What Made Solana Memecoins The Cycle’s Top Narrative Alameda Goes On A Worldcoin Sell-off On-chain data analysis firm SpotOnChain revealed that Alameda Research has sent part of its WLD holdings to...

Alameda Reserch sent out $2.5M in WLD tokens over the past two months, while divesting other assets from its remaining addresses ahead of the FTX repayment.

Alameda Research moved 143,770 Worldcoin (WLD) tokens, worth roughly $212,780, to Binance, marking a notable transaction in its ongoing asset management. The transfer, which took place within the last 8 hours, originated from Alameda’s consolidation wallet and was sent to a Binance wallet. Read also: FTX and Alameda Unstake Over $1 Billion in Solana, Impacting […] The post Worldcoin Price Rises Despite Alameda’s WLD Transfers to Binance appeared first on Coin Edition.

A wallet linked to the bankrupt FTX exchange recently unstaked 177,693 SOL tokens, valued at $23.75 million, from Solana, according to on-chain data. Typically, tokens are sent to exchanges to be sold after unstaking. However, as of press time, FTX has yet to move its unstaked Solana holdings. Nevertheless, the transaction raised concerns that FTX […] The post FTX wallet linked to unstaked $23.75M in Solana, raising sell off concerns appeared first on CryptoSlate.

Alameda wallets may keep affecting the market, even with remnant coins and tokens. Alameda is suspected of still holding WLUNA, a potentially valuable token that can remain locked after the grace period of the temporary Shuttle Bridge.