NFT sales have experienced a 3.74% increase compared to the previous week, totaling $ 236,234,800 over the past seven days. The latest rise defies the pattern of consecutive weeks marked by declining NFT sales. NFT Sales Climb Higher, Defying Recent 2-Week Downtrend The top-performing NFT collection in terms of sales this week was Bitcoin’s …
Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $ 26 million recovered. Australian investors with crypto-to-crypto withdrawal requests will have to wait for …
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
On April 3, 2022, decentralized finance (defi) protocols held approximately $ 163 billion total value locked (TVL). By the start of January 2023, this amount declined to $ 38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $ 135 billion, but by Jan. 1, 2023, …
FTX Debtors’ Lawsuit Seeks Recovery of $935 Million ‘Fraudulently’ Transferred to Bybit’s Investment Arm and Others
A new lawsuit filed by entities overseeing the FTX bankruptcy process seeks to recover $ 935 million that was reportedly transferred to Bybit’s investment arm and others just before the former’s Chapter 11 filing in November 2022. Bybit is also accused of using FTX assets held on its platform as leverage in its attempt …
South African Crypto Platform Pins Hope on ‘Phased Asset Recovery’ Proposal
A South African crypto investment platform has expressed hopes that an asset recovery proposal will result in users regaining access to funds blocked after its custody partner froze withdrawals. The crypto platform said it has also engaged regulators whom it hopes will help expedite resolution of the matter. No Timeline Given The South African …