From Bitcoin's price recovery near $100K to groundbreaking developments in ETF transparency and significant market events, the crypto landscape continues to evolve with notable shifts in industry dynamics.
FTX Token (FTT) has undergone a tumultuous journey in recent years, with its dramatic fall in 2022 and a low point in 2023. However, after showing signs of recovery in 2024, many investors are eager to know if FTX Token can regain its former glory.
Several gaming companies with over $1 billion in valuation are now actively considering token launches, according to Immutable co-founder Robbie Ferguson. In a Feb.
South Korea's Supreme Court has upheld a lower court ruling that TerraUSD and LUNA tokens aren't considered financial investment products under the Capital Markets Act, as reported by Korean newspaper Etoday ¹. This decision means TerraUSD and LUNA can't be classified as regulated securities, which will impact ongoing legal proceedings against Terraform Labs executives, including co-founder Shin Hyun-Seong. The post Collapsed TerraUSD and LUNA Not Financial Investment Products: South Korea's Supreme Court Rules appeared first on Cryptonews.
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
The FTX saga has entered yet another chapter since the exchange collapsed nearly three years ago. The company has begun repaying an estimated $1.2B to its first wave of former FTX users.
South Korea's Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products.
The insolvent crypto exchange will start repaying its creditors tomorrow, February 18. The initial disbursement will prioritize “Convenience Class” creditors, who claim $50K or less. Meanwhile, attention has switched to the exchange's native token amidst the developments. FTT displays a bullish stance as it surpassed a crucial resistance, targeting another 35% jump.
As per the latest update, the FTX exchange is set to repay creditors starting from the 18th February 2025 (Tomorrow). Reportedly, wallets owed less than $50,000 will receive funds within 3 business days. With this, a major step in the long road to recovery has been initiated.
Despite a well-documented FTX Collapse, its native token FTT's trading volume surges 346.74 % amidst the bankruptcy repayment plan.
Cryptocurrency prices stabilized last week even as geopolitical risks increased and the US published strong consumer inflation data. Bitcoin (BTC) remained below $100,000, while some altcoins like Mantra (OM) and PancakeSwap (CAKE) surged.
Since the launch of the first NFTs, they have gradually gained popularity not only among crypto investors but also among artists, celebrities, and people from all walks of life. But popularity brought some challenges.
In a striking contrast to the broader cryptocurrency market, which has experienced a substantial drop of $53 billion in the past 24 hours, FTX Token (FTT) has emerged as one of the few bright spots. Despite the general downturn, FTT has posted an impressive 7% gain, signaling growing investor interest and bullish sentiment surrounding the token.
FTX Token (FTT) has emerged as the day's top performer, defying the broader market downturn with a rally. As overall trading activity stalls, the total crypto market capitalization has dropped by $53 billion in the past 24 hours.
Cryptocurrencies continue to struggle after sharp declines earlier in the week. This sees Bitcoin (BTC) hover below $100,000 and most altcoins battling to hold onto recent gains. However, Litecoin (LTC) and FTX Token (FTT) are among top gainers on February 6, 2025. Here's an update for the crypto market today.
Crypto prices today mainly continued showcasing a sluggish performance, reverberating investor uncertainty globally. Bitcoin (BTC) price faced market turbulence and stood at $97K, whereas ETH managed to trade in the green territory.
FTX Token (FTT) price is up following news that the exchange will begin payments to Bahamas creditors on February 18. Despite this positive development, FTT is still fighting to maintain levels above $2 as technical indicators show mixed signals.
The recent update regarding FTX Digital Markets' plan to reimburse its creditors has ignited renewed optimism among FTX token (FTT) holders. On February 4, 2025, FTX creditors revealed that the exchange will soon initiate payments to those who lost assets during the collapse in November 2022.
The upcoming days are going to be super interesting for FTX token (FTT) holders as FTX Digital Markets announced it will reimburse its creditors.
Bitcoin and the rest of the crypto market took a turn for the worse over the weekend in price drops that have largely been blamed on Trump's promised tariffs. I overheard a handful of X Spaces hosts sound the alarms about it on Monday, acting as though the bull market was over.
The crypto market just witnessed one of its worst crashes ever, with over $2.24 billion wiped out in liquidations within a single day, even surpassing LUNA and FTX collapses. Bitcoin plunged to $94,000, dragging the entire market into chaos, and leaving leveraged traders in ruins.
Crypto traders betting on higher prices just got wrecked. Over $2.2B in liquidations hit the market as Bitcoin fell to $91K and Ethereum crashed 20% in 24 hours.
The Terra Luna community has taken a decisive step to strengthen its ecosystem. In a recent governance vote, members overwhelmingly approved a proposal to burn unbacked Axelar assets.
ImmutableX (IMX), the native token of the Immutable blockchain, is showing signs of a significant upside rally, despite prevailing bearish market conditions. Recently, IMX reached a crucial support level at $1.05, which has historically acted as a springboard for upward momentum.
Amid the bearish market sentiment, Immutable's native token, IMX, has reached a crucial support level of $1.05 and is poised for a significant upside rally. According to IMX's daily chart, this support level has always been favorable for the altcoin, often triggering upward momentum.
Sunny Aggarwal, Co-Founder of Osmosis, believes THORChain's liquidity issues mirror the 2022 Terra Luna collapse. THORChain, a decentralized cross-chain liquidity protocol, has paused its network operations due to a significant debt crisis amounting to nearly $200 million.
Bitcoin (BTC) has recovered from its recent slump, which saw the price drop to an intraday low of $101,441 late on Thursday. The flagship cryptocurrency has registered an increase of nearly 3% over the past 24 hours and is currently trading around $104,612, with bulls looking to push it beyond $105,000.
Once again, rounds of insolvencies have entered the crypto space, with Thorchain being the most recent. The network has paused THORFI services, probably due to its financial uncertainty, which has circulated shock waves across the markets. The functions like swaps remain active while the lending operations are on hold.
The struggling FTT token of the famous cryptocurrency exchange FTX is showing signs of recovery today before the $1.2B creditor repayment plan begins. This is the peak moment for this FTX token, whose price has been in a slump, losing nearly 100% of its value since the crash.
Altcoins display bullish strength as Bitcoin trades around the $100K zone. Immutable (IMX) appears poised for significant gains with its prevailing post-breakout actions. Crypto analyst JAVON MARKS believes IMX bulls will target $4.91 amid magnified bullish sentiments. That will mean an approximately 255% surge from Immutable's current price. IMX targets robust gains past $4.
Virtuals Protocol token bounced back on Tuesday, Jan. 14, a day after forming a doji candlestick pattern as its ecosystem tokens rebounded. Virtuals Protocol (VIRTUAL) rose to $2.
EverReach Labs' REVENGE, an innovative co-op PvE shooter, partners with Immutable (IMX) to enhance player-spectator interaction and secure asset ownership, marking a new era in gaming.
Disgraced Terraform Labs co-founder Do Kwon will reportedly face trial in the US early next year. Bloomberg reports that New York District Judge Paul Engelmayer on Wednesday set the schedule of the trial, which will begin on January 26th, 2026 and is anticipated to last from one to two months.
Today's edition of the weekly recap includes top headlines of Do Kwon, Razzlekhan's new music video, Bitcoin's price slump, Bhutan's crypto reserve, and other trending news items.
Terra founder Do Kwon's criminal trial has been set. Here's what you need to know about the $40 billion collapse of TerraUSD and LUNA.
Former Terraform Labs co-founder Do Kwon's criminal trial for alleged fraud has been scheduled for January 2026 due to the need to process six terabytes of evidence and unlock multiple encrypted devices containing potential evidence in multiple languages.
US prosecutors have laid out their plans for discovery in the ongoing criminal case against Terraform Labs co-founder Do Kwon.
Do Kwon trial, related to the $40 billion TerraUSD collapse, is scheduled for January 26, 2026, in New York, with a trial duration of 4-8 weeks.
Do Kwon the former CEO of Terraform Labs, will face trial in the United States, but not until 2026 as decided in a Manhattan Court.
Do Kwon, founder of Terraform Labs, is officially heading to trial in January 2026. The charges?
Kwon's defense attorney's asked for a least a year to prepare for the case, given Kwon's additional legal issues outside the U.S.
U.S. prosecutors are set to review Do Kwon's emails, social media, and devices in preparation for his 2026 trial. Legal documents reveal covert recordings and extensive evidence linked to Terraform Labs' collapsed ecosystem, marking another chapter in the fallout from TerraUSD and LUNA. The post U.S. Prosecutors to Pour Over “Multiple Terabytes” of Do Kwon's Communications as Trial Date Set appeared first on Cryptonews.
The criminal fraud trial of Do Kwon, co-founder and former CEO of Terraform Labs, is tentatively set for January 2026 in the United States.
Terraform Labs founder Do Kwon's criminal prosecution seems set for early 2026, as U.S. Attorney Jared Lenow expects roadblocks in evidence gathering.
The U.S. criminal fraud trial of Do Kwon, co-founder and former CEO of Terraform Labs, has been scheduled to begin in January 2026. The decision was announced during an initial hearing in Manhattan, as prosecutors and defense attorneys prepare to review an extensive six-terabyte trove of evidence.
Do Kwon's trial on TerraUSD collapse charges is set for Jan 2026 in NYC. Prosecutors grapple with vast evidence and translation challenges.
Do Kwon's alleged schemes could have impacted more than 1 million victims worldwide, according to US prosecutors. US authorities extradited Kwon, the disgraced co-founder of the Terra (LUNA) ecosystem, late last month. Kwon faces fraud charges related to the multibillion-dollar downfall of Terra in 2022.
New court documents reveal that authorities plan to search through disgraced Terra (LUNA) founder Do Kwon's personal emails, social media accounts, financial records, and more. According to a new court memo, investigators say they will sift through massive amounts of Kwon's personal data to gather evidence against him.