FTX Sells $10M DCI for $500K to Settle DebtsBy AZC News | 7 hours agoFTX plans to sell subsidiary
FTX Sells $10M DCI for $500K to Settle Debts
By AZC News | 7 hours ago
FTX plans to sell subsidiary Digital Custody Inc. (DCI) worth $10 million to obtain $500 thousand from Coinlist to repay debts.FTX Sells $10M DCI for $500K to Settle Debts
FTX, led by CEO John Ray III, is aggressively pursuing liquidity to settle debts amidst mounting regulatory and creditor pressure. From scouring past deals to leveraging Bitcoin shorts, the defunct exchange is sparing no effort to reimburse customers, even if it means selling assets at discounted rates.
FTX Initiates Sale of DCI
The FTX Debtors estate has initiated the sale of Digital Custody Inc. (DCI), a subsidiary acquired for $10 million between 2021 and 2022, now being sold to CoinList at a significant discount of 95%, totaling just $500,000. Financing for the sale is provided by DCI’s original CEO and seller, Terence J. Culver.
According to the filing, FTX lawyers stated that DCI was intended to provide custodial services for FTX.US and LedgerX, but it was never fully integrated into the exchange’s operations before SBF filed for bankruptcy in November 2022.
FTX lawyers detailed that DCI held minimal value as an asset and was no longer useful to the Debtors’ business, prompting the decision to offload it.
FTX received three offers for DCI, including one from its former CEO, Culver. The debtors’ estate selected the purchasers based on their ability to expedite the transition. While relevant committees have approved the sale, the estate has a brief window to seek alternative offers before finalizing the deal, with a reverse termination fee of $50,000 if the transaction falls through.
Related: FTX Seeks Court Approval to Sell Anthropic Shares
FTX Abandons Revival Plans
After over a year of efforts to revive the exchange, FTX has abandoned all plans and shifted focus to reimbursing customers in full. The decision comes after unsuccessful negotiations with potential bidders and investors, citing a lack of commitment from interested parties to provide necessary capital for reconstruction.
Attorney Andy Dietderich outlined that customers will be paid in full, with reimbursement calculations based on November 2022 prices when SBF filed for bankruptcy, with Bitcoin trading at $16,700 then. At press time, Bitcoin hovered around $48,000.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researchBitcoin Aims for $50,000 as Strong Capital Inflows into ETFs
By AZC News | 4 hours ago
Bitcoin is on track to reach $50,000, fueled by significant capital inflows into various Bitcoin ETFs.Bitcoin Aims for $50,000 as Strong Capital Inflows into ETFs
The trajectory of Bitcoin's price closely aligns with the robust performance and substantial capital influx into ETFs. On February 9, the last trading day of the week, the price surged to $48,200, marking a nearly 6% increase over the course of seven days. This positive trend indicates that Bitcoin approaching the $50,000 milestone is increasingly plausible in the near future, supported by the strong and sustained performance of Bitcoin ETFs.
According to data from BitMEX, capital inflows into Bitcoin ETFs rose from approximately $68 million at the beginning of the week to $541 million by Friday, marking the largest capital inflow since the ETF was traded. BlackRock continues to lead the pack, concluding the week with a capital influx exceeding $250 million. Fidelity and ARK Invest follow closely with capital inflows of $188 million and $136 million, respectively. Grayscale's ETF experienced a record low, with over $51 million in capital inflows in a single day.
Bitcoin ETFs have now accumulated over $10 billion in assets, with BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund leading the pack, each managing Bitcoin holdings valued at over $3 billion.
Related: 8-Year Price Surge Signal Emerges on Bitcoin Chart
Other factors also warrant consideration, such as the anticipated recovery post-halving events, the Federal Reserve's monetary policies, and supply-demand dynamics. As of now, all indicators suggest that Bitcoin is entering a bullish price cycle.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. when making a decision.Athene Network Announcement:
🤗 Hi #Athene Miners!
After King of Meme's Founders discussed, we’re pleased to announce that👇
🚀 From next month (March), instead of 1 GEM = 1 Lion; you guys will receive 1 #GEM = 50 #Lion 👉 boosting your Lion token holdings.
💎 Also, #GEM can still be converted to #ATH as usual.
For example:
📆 Early in March:
#GEM to #ATH conversion rate: 1 GEM = 0.02 ATH
You have 45,000 GEM
👉 So, you'll get:
45,000 x 0.02 = 900 ATH
And 45,000 x 50 = 2,250,000 Lion
💸 Get ready for more opportunities!
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 AP price increased by 400%
📌 The upcoming Premium Package will be launched next week: increase 300% your mining speed.
📌 Athene Prediction will be launched next week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
➖➖➖
📍 For more details:
Website ATH | Telegram Channel | Telegram Group | Facebook | Twitter | Download iOS | Download Android | Athene Gaming
Hi Athene community,
📈 $AP token has soared with a remarkable: increase of 600% in price!
🛑 Holders, this is your time to shine! 🚀 Let's own 10,000 $AP each to be part of #Athene's journey to take AP to the moon!
📈 Trade Now on:
📍 DEX Screener
📍 PancakeSwap
📍 Appleswap
🎬 Step-by-Step Guide to swap BNB/AP on Pancakeswap
👉 https://youtu.be/GB5C_8-ma_U
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 Deposit - Withdraw ATH instantly on Athene Gaming
📌 The upcoming Premium Package will be launched this week: increase 300% your mining speed.
📌 Athene Prediction will be launched this week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
➖➖➖
📍 For more details:
Website ATH | Telegram Channel | Telegram Group | Facebook | Twitter | Download iOS | Download Android | Athene Gaming
🚨 Fraud warning on Athene Network 🚨
🚫Currently, we are detecting many accounts that are scamming the Athene community in many different forms.
🕹If you have been scammed by these accounts or detect fraudulent activity, please report it to us via email: support@athene.network
🔒 After a thorough review, we have identified and locked the accounts of these users. Please check the list:
zameyxxxxmobile@gmail.com
nhungxxxxvu@gmail.com
MORE
🌐 Athene is committed to upholding a zero-tolerance policy for any actions that compromise the integrity of our platform.
Best regards,
Athene Team
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 Deposit - Withdraw ATH instantly on Athene Gaming
📌 The upcoming Premium Package will be launched this week: increase 300% your mining speed.
📌 Athene Prediction will be launched this week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
Exciting news!
💸 2,000,0000.00 $AP Giveaway from #Athene Foundation!💸
Hi Athene Miners,
🌟 Take part in our massive 2,000,000 $AP Giveaway👇
1️⃣ Buy AP tokens on:
📍 DEX Screener
📍 PancakeSwap
📍 Appleswap
2️⃣ Stake your $AP tokens to earn incredible rewards
🎁 Flexible mode: Claim rewards - Unstake your funds anytime you want.
🎬 Step-by-Step Guide to Stake AP on Appleswap.ai
👉 https://youtu.be/bkjmp74-x2c
🎬 Step-by-Step Guide to swap BNB/AP on Pancakeswap
👉 https://www.youtube.com/watch?v=GB5C_8-ma_U
JOIN NOW
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 Deposit - Withdraw ATH instantly on Athene Gaming
📌 AP tokens price increased by 600%
📌 The upcoming Premium Package will be launched this week: increase 300% your mining speed.
📌 Athene Prediction will be launched this week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
➖➖➖
📍 For more detailsBitcoin Aims for $50,000 as Strong Capital Inflows into ETFs
By AZC News | 4 hours ago
Bitcoin is on track to reach $50,000, fueled by significant capital inflows into various Bitcoin ETFs.Bitcoin Aims for $50,000 as Strong Capital Inflows into ETFs
The trajectory of Bitcoin's price closely aligns with the robust performance and substantial capital influx into ETFs. On February 9, the last trading day of the week, the price surged to $48,200, marking a nearly 6% increase over the course of seven days. This positive trend indicates that Bitcoin approaching the $50,000 milestone is increasingly plausible in the near future, supported by the strong and sustained performance of Bitcoin ETFs.
According to data from BitMEX, capital inflows into Bitcoin ETFs rose from approximately $68 million at the beginning of the week to $541 million by Friday, marking the largest capital inflow since the ETF was traded. BlackRock continues to lead the pack, concluding the week with a capital influx exceeding $250 million. Fidelity and ARK Invest follow closely with capital inflows of $188 million and $136 million, respectively. Grayscale's ETF experienced a record low, with over $51 million in capital inflows in a single day.
Bitcoin ETFs have now accumulated over $10 billion in assets, with BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund leading the pack, each managing Bitcoin holdings valued at over $3 billion.
Related: 8-Year Price Surge Signal Emerges on Bitcoin Chart
Other factors also warrant consideration, such as the anticipated recovery post-halving events, the Federal Reserve's monetary policies, and supply-demand dynamics. As of now, all indicators suggest that Bitcoin is entering a bullish price cycle.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.:
Website ATH | Telegram Channel | Telegram Group | Facebook | Twitter | Download iOS | Download Android |Athene GamingBitcoin Aims for $50,000 as Strong Capital Inflows into ETFs
By AZC News | 4 hours ago
Bitcoin is on track to reach $50,000, fueled by significant capital inflows into various Bitcoin ETFs.Bitcoin Aims for $50,000 as Strong Capital Inflows into ETFs
The trajectory of Bitcoin's price closely aligns with the robust performance and substantial capital influx into ETFs. On February 9, the last trading day of the week, the price surged to $48,200, marking a nearly 6% increase over the course of seven days. This positive trend indicates that Bitcoin approaching the $50,000 milestone is increasingly plausible in the near future, supported by the strong and sustained performance of Bitcoin ETFs.
According to data from BitMEX, capital inflows into Bitcoin ETFs rose from approximately $68 million at the beginning of the week to $541 million by Friday, marking the largest capital inflow since the ETF was traded. BlackRock continues to lead the pack, concluding the week with a capital influx exceeding $250 million. Fidelity and ARK Invest follow closely with capital inflows of $188 million and $136 million, respectively. Grayscale's ETF experienced a record low, with over $51 million in capital inflows in a single day.
Bitcoin ETFs have now accumulated over $10 billion in assets, with BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund leading the pack, each managing Bitcoin holdings valued at over $3 billion.
Related: 8-Year Price Surge Signal Emerges on Bitcoin Chart
Other factors also warrant consideration, such as the anticipated recovery post-halving events, the Federal Reserve's monetary policies, and supply-demand dynamics. As of now, all indicators suggest that Bitcoin is entering a bullish price cycle.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Athene Network Announcement:
🤗 Hi #Athene Miners!
After King of Meme's Founders discussed, we’re pleased to announce that👇
🚀 From next month (March), instead of 1 GEM = 1 Lion; you guys will receive 1 #GEM = 50 #Lion 👉 boosting your Lion token holdings.
💎 Also, #GEM can still be converted to #ATH as usual.
For example:
📆 Early in March:
#GEM to #ATH conversion rate: 1 GEM = 0.02 ATH
You have 45,000 GEM
👉 So, you'll get:
45,000 x 0.02 = 900 ATH
And 45,000 x 50 = 2,250,000 Lion
💸 Get ready for more opportunities!
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 AP price increased by 400%
📌 The upcoming Premium Package will be launched next week: increase 300% your mining speed.
📌 Athene Prediction will be launched next week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
➖➖➖
📍 For more details:
Website ATH | Telegram Channel | Telegram Group | Facebook | Twitter | Download iOS | Download Android | Athene Gaming
Hi Athene community,
📈 $AP token has soared with a remarkable: increase of 600% in price!
🛑 Holders, this is your time to shine! 🚀 Let's own 10,000 $AP each to be part of #Athene's journey to take AP to the moon!
📈 Trade Now on:
📍 DEX Screener
📍 PancakeSwap
📍 Appleswap
🎬 Step-by-Step Guide to swap BNB/AP on Pancakeswap
👉 https://youtu.be/GB5C_8-ma_U
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 Deposit - Withdraw ATH instantly on Athene Gaming
📌 The upcoming Premium Package will be launched this week: increase 300% your mining speed.
📌 Athene Prediction will be launched this week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
➖➖➖
📍 For more details:
Website ATH | Telegram Channel | Telegram Group | Facebook | Twitter | Download iOS | Download Android | Athene Gaming
🚨 Fraud warning on Athene Network 🚨
🚫Currently, we are detecting many accounts that are scamming the Athene community in many different forms.
🕹If you have been scammed by these accounts or detect fraudulent activity, please report it to us via email: support@athene.network
🔒 After a thorough review, we have identified and locked the accounts of these users. Please check the list:
zameyxxxxmobile@gmail.com
nhungxxxxvu@gmail.com
MORE
🌐 Athene is committed to upholding a zero-tolerance policy for any actions that compromise the integrity of our platform.
Best regards,
Athene Team
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 Deposit - Withdraw ATH instantly on Athene Gaming
📌 The upcoming Premium Package will be launched this week: increase 300% your mining speed.
📌 Athene Prediction will be launched this week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
Exciting news!
💸 2,000,0000.00 $AP Giveaway from #Athene Foundation!💸
Hi Athene Miners,
🌟 Take part in our massive 2,000,000 $AP Giveaway👇
1️⃣ Buy AP tokens on:
📍 DEX Screener
📍 PancakeSwap
📍 Appleswap
2️⃣ Stake your $AP tokens to earn incredible rewards
🎁 Flexible mode: Claim rewards - Unstake your funds anytime you want.
🎬 Step-by-Step Guide to Stake AP on Appleswap.ai
👉 https://youtu.be/bkjmp74-x2c
🎬 Step-by-Step Guide to swap BNB/AP on Pancakeswap
👉 https://www.youtube.com/watch?v=GB5C_8-ma_U
JOIN NOW
Related news:
📌 Angel round
📌 Athene Network Smuck Appleswap.ai
📌 Unveils #Lion Token - The King of Memes
📌 Deposit - Withdraw ATH instantly on Athene Gaming
📌 AP tokens price increased by 600%
📌 The upcoming Premium Package will be launched this week: increase 300% your mining speed.
📌 Athene Prediction will be launched this week (You can use ATH to predict BTC to increase the amount of ATH)
📌 3,000 GEM Giveaway for Each Person on February Event
📌 Athene's plans in the short term of 2024
➖➖➖
📍 For more details:
Website ATH | Telegram Channel | Telegram Group | Facebook | Twitter | Download iOS | Download Android |Athene Gaming
