The latest price moves in crypto markets in context for Sept. 14, 2023.
concerns of a ruling in the FTX court case that temporarily spooked markets earlier this week.
BTC added less than 1% over the past 24 hours to trade over $26,300 at the time of writing. Hedera Hashgraph and Solana’s SOL led gains amongst major tokens, rising 6% and 3%. Hederaon Wednesday at Token 2049 in Singapore that Stablecoin Studio, its open-source stablecoin issuance and management toolkit, is live. The CoinDesk Market Index , a broad-based index that tracks the prices of hundreds of tokens, rose 1.67% in the past 24 hours.
In a court hearing, Judge John Dorsey said he approved the motion and overruled two objections that were made opposing the plan. This allows the bankrupt exchange to sell, stake and hedge its crypto holdings, which it said are worth over $3.4 billion. An attorney representing the ad hoc committee of FTX customers supported the plan during the hearing, while a lawyer for the unsecured creditors committee said all of the involved parties looked to expedite the process.
. Su Zhu and Kyle Davies will be prohibited from performing any regulated activity and from taking part in the management of, acting as a director of, or becoming a substantial shareholder of, any capital market services firm.
Bankrupt exchange FTX holds around $7 billion in assets, including $1.16 billion in SOL and $560 million in bitcoin.
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